Published Monday, March 19, 2007
Speaker warns audience of fraud
By CRYSTAL NEO
of the Tribune’s staff
Long before the Enron scandal broke, there was Crazy Eddie Inc., a bygone consumer electronics retail chain that was engaged in one of the largest security frauds in the 1980s.
Getting a jump on finances
McClatchy Newspapers
DALLAS - If you’re in your 20s, do you need a financial adviser?
DEBT ADVISER
Paying for friend’s debt won’t repair root issues
By STEVE BUCCI
Q: My friend has several credit-card accounts totaling more than $35,000 in debt. My friend has a steady, well-paying job. But the debt-to-income ratio is too high for the banks, so a personal loan could not be approved and tapping into home equity is out of the question. I have considered using my home-equity line of credit to help but am concerned about putting myself into that situation. It’s a close friend, but someone I have known only for a couple of years. I am looking for advice that will help my friend and still keep me in a good financial position. - Dan
Tighter credit
felt in wake of subprime crisis
St. Louis Post-Dispatch
ST. LOUIS - The American dream of home ownership could prove even more elusive as lenders clamp down in the wake of a rising foreclosure rate for the riskiest loans, said bankers, economists and community activists.
Wal-Mart gives up plan to start bank
McClatchy Newspapers
CHICAGO - Wal-Mart Stores Inc., facing a wall of opposition from the banking industry, Congress and activist groups, said Friday it would withdraw its application to start a specialized bank.
GM, Ford, Chrysler talking to Bush again
Detroit Free Press
WASHINGTON - Detroit’s automakers will head back to the White House next week to help President George W. Bush promote his ideas on expanding the use of ethanol and other renewable fuels.
Airport lines long but finally moving
PHILADELPHIA (AP) - Airport lines were still long today but getting back to normal as US Airways tried to recover from a paralyzing ice storm that stranded thousands of travelers in Northeast cities during the weekend.
Weak home sales hurt auto industry
Detroit Free Press
DETROIT - Blame the Sunbelt states. The housing bubble that is bursting in warm, enticing states such as California, Florida, Arizona and Nevada has been killing sales for Detroit’s automakers in some of their most important markets, said automotive and economic experts.
Specialty crops receive emphasis in farm bill
Chicago Tribune
WASHINGTON - It might seem strange to most Americans, but the building congressional debate about the Bush administration’s proposed 2007 Farm Bill involves something unusual: actual food.
Later, tater
PARMA, Idaho (AP) - If Esmaeil Fallahi has his way, the home of the world-famous Russet potato might soon also welcome persimmons, pistachios, pawpaws, quinces and mulberries.
