Archives » February 29th, 2008

Interest rates still high despite Fed actions

Despite Federal Reserve efforts to lessen the cost of credit by lowering its benchmark rate a total of 2.25 percent since September, rates to consumers have barely budged.
The latest figures from Bankrate.com show lenders have apparently tightened consumer credit standards, leading to less lending and higher interest rates.
The failure of credit […]

Read: Interest rates still high despite Fed actions

Clean technology investment skyrockets

Venture capitalists invested a record $3 billion in 221 clean technology deals worldwide in 2007, a 43 percent increase over the $2.1 billion invested during 2006.
Dow Jones VentureSource reported today that the United States accounted for 83 percent of global clean technology investment during 2007. Clean technology accounted […]

Read: Clean technology investment skyrockets

Americans eager for Uncle Sam’s check

Americans are filing their tax returns earlier this year.
The National Retail Federation’s Tax Returns Consumer Intentions survey found that 61.2 percent of consumers have already filed their tax returns or will file a return by the end of the month.
The survey also found that consumers filed earlier this year than […]

Read: Americans eager for Uncle Sam’s check

New push to get rid of the penny

The Associated Press
WASHINGTON _ A penny for your thoughts? Treasury Secretary Henry Paulson thinks the answer to that question should be not much. In fact, if he had his way, he would like to get rid of the penny.
Asked Friday whether he thought the penny should be eliminated, Paulson agreed that it […]

Read: New push to get rid of the penny