NCB Capital Impact Awarded $90 Million in New Markets Tax Credits for a Total of $409 Million To Date Treasury Secretary Tim Geithner and the Director of Treasury’s Community Development Financial Institutions Fund, Donna J. Gambrell, announced billions of dollars in awards to spur private sector investment in communities facing economic challenges. The announcement was [...]
13.5 Million Americans Still Carry Debt from Last Year’s Holiday Shopping The effects of ongoing economic turbulence continue to weigh heavily on the pocketbooks and minds of shoppers as the 2009 holiday season approaches. According to a new Consumer Reports Holiday Shopping Poll, 65 percent of Americans plan to cut back on overall holiday expenses [...]
oncerns Over U.S. Economic Policies and Banking System Buffett Seen As Best Assessor of Financial Markets Global investors and analysts are concerned about taking on more risk due to skepticism over U.S. economic policies and its banking system despite an eight-month rally in the global stock markets, according to the Bloomberg Global Poll, a quarterly [...]
The Conference Board Consumer Confidence Index®, which had declined in September, deteriorated further in October. The Index now stands at 47.7 (1985=100), down from 53.4 in September. The Present Situation Index decreased to 20.7 from 23.0 last month. The Expectations Index declined to 65.7 from 73.7 in September. The Consumer Confidence Survey® is based on [...]