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It?s Bad, but Remember We?re Dodging the Worst (New York Times)
Posted: July 26th, 2008, 7:21pm CDT
The economy isn?t at its best, oil prices are painfully high, foreclosures are really hurtfully high, job growth in many areas is sluggish or worse ... but over all, it?s not all that bad. -
SBI, ICICI Bank report rise in bad debts (HT via Yahoo! India News)
Posted: July 26th, 2008, 3:20pm CDT
Rising interest rates, bad loans and globally-induced volatility in stock and bond markets have combined to hit the country's banks hard, according to early indications coming from their quarterly earnings. -
Rays of sunshine peek through economic clouds / Stock markets rise, oil and gas prices drop, reports not so bad (San Francisco Chronicle)
Posted: July 26th, 2008, 2:35am CDT
After weeks of one negative report after another, the economy finally got some news Friday that wasn't half bad. Wall Street, which suffered a stomach-churning drop Thursday, managed a modest gain. Oil prices hit their lowest point since early June, and gas...