This is just the beginning! Our collection holds over 300 years of history, including rare newspapers, obituaries, marriage records, birth records, and so much more—most of which you won’t find anywhere else!
This newspaper page contains 7 articles. Subscribers can read the full text of each article.
Newspaper
Odessa American
Location
Odessa, Texas, United States of America
Date
Mar 19, 2009
Page
2
Oil prices slid after a government report showed crude and gasoline inventories bulging with supply. April crude settled at 48.14 a barrel on the Nymex after dipping to 46.92, with the Fed signaling large bond purchases to lower mortgage rates and spark markets.
February consumer prices rose 0.4 percent led by gasoline and clothing costs. Core inflation advanced 0.2 percent while economists weighed deflation risks as the Fed warned inflation could persist below optimal growth rates. A recession could worsen wage and asset pressures despite the upward price move.
Democrats and the Obama administration backpedal on 165 million in AIG bonuses, aiming for heavy taxes on the payments amid political backlash. Republicans fault Geithner and accuse the administration of failing to prevent the payouts while highlighting the broader economic recovery fight.
Washington readers explore bailout backlash as AIG receives $170 billion in loans and infusions. The piece notes 74 million customers, 13 countries, and calls for reclaiming bonuses while warning that a collapse could ripple through banks, markets, and jobs globally.
Analysis argues the AIG rescue risks a larger crisis than Lehman Brothers. It notes trading partners Goldman Sachs and Merrill Lynch benefited from taxpayer aid, while critics warn of long term economic damage if AIG fails. Proponents insist a failure is not an option for the U.S. economy.
Fannie Mae plans retention bonuses of as much as 611000 for key executives this year to keep hundreds from leaving the government controlled company. Freddie Mac is planning similar awards but has not named beneficiaries yet. The two giants own or back more than half of U S home mortgages and face rising loan defaults amid federal aid requests.
The Federal Reserve announced plans to inject about 1 trillion into the economy to aid the housing market and stimulate growth while keeping the target federal funds rate at 0 to 0.25 percent. It will purchase up to 300 billion in long-term Treasuries and expand purchases of Fannie Mae and Freddie Mac mortgage backed securities by 750 billion, totaling 1.25 trillion.
We want people to find what they are looking for at NewspaperArchive. We are confident that we have the newspapers that will increase the value of your family history or other historical research. With our 7-day free trial, you can view the documents you find for free.
People find the most success using advanced search. Try plugging in keywords, names, dates, and locations, and get matched with results from the entire collection of newspapers at NewspaperArchive!
You can also successfully find newspapers by these browse options. Explore our archives on your own!
Browse by location and discover newspapers from all across the world.
Browse by date and find publications for a specific day or era.
Browse old newspaper publications to find specific newspapers.