Bush era bank bailout loses $9 billion in a month
An AP analysis shows shares in banks that received federal rescue funds slumped, erasing about nine billion dollars in value in roughly four weeks. Treasury officials say taxpayers are invested in high quality institutions and expect returns over time, not immediate profits, with common stock options tied to recovery.
MENTIONED IN THIS ARTICLE
Washington (Ap
Associated Press
Treasury Department
Mortgage Bankers Association
Neel Kashkari
Treasury
Office of Financial Stability
Citigroup
Jpmorgan Chase
Job cuts reach highest level since 1974 in varied sectors
The November payroll loss totaled 533000, far exceeding forecasts, while unemployment rose less than expected. Higher energy and food costs squeezed paychecks as companies from General Motors to JPMorgan cut jobs, prompting talks of up to 34 billion in aid. The plan includes government stock warrants and preferred shares, with Treasury officials framing the move as an investment.
MENTIONED IN THIS ARTICLE
General Motors Corp
At&t Inc
DuPont
Jpmorgan Chase & Co
Pratt & Whitney
United Technologies Corp
Freeport-McMoRan Copper & Gold Inc
Citigroup Inc
White House
Citibank
Citigroup
Treasury
Brookly McLaughlin
Treasury Department
Lab defense debate over Kansas bioscience facility mission
Kansas bioscience leader says the National Bio and Agro-Defense Facility serves the state’s economy by protecting agriculture and securing livestock industries. Rep Moran notes outbreak risks and future jobs, stating Kansas benefits extend statewide even as locals worry about brain drain.
MENTIONED IN THIS ARTICLE
Kansas Bioscience Authority
Kansas
Thornton
U.S
Jerry Moran
Hays
Manhattan
Moran
Cattlemen expect losses with cheaper beef cuts and shrinking herds
Cattlemen foresee continued losses as per cap a consumption of pork and chicken falls amid the credit crisis and recession. Beef exports may rise 27 percent next year while the U.S. herd remains at its smallest since 1962, offset by heavier carcass weights from better genetics and nutrition. Climate talks urge caution as lawmakers draft emissions rules and carbon markets loom for agriculture.
MENTIONED IN THIS ARTICLE
Black
U.S
Dennis Avery
Global Food Issues
Hudson Institute
Washington D.C
Alaska
Norway
Antarctic
Avery
Kansas Livestock Association
Sara Hessenflow Harper
Clark Group
Congress
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