Main Street 9

  The White House said a disorderly bankruptcy in the motor industry would be a huge blow which the US economy could not withstand. Meanwhile General Motors said it was temporarily stopping some production. And Honda is also to cut back output in North America. GM, which has been pleading for an emergency government loan [...]

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The federal government’s takeover of Fannie Mae and Freddie Mac may save the battered real estate market from a complete meltdown. But financial experts say the bailout won’t lead to a housing recovery just yet. Instead, some on Wall Street said the housing sector is in as tough shape today as it was before Sunday’s [...]

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Americans are feeling a lot more economic pain than the government’s official statistics would lead you to believe, according to a growing number of experts. They argue that figures for unemployment and inflation are being understated by the government. Unemployment and inflation are typically added together to come up with a so-called “Misery Index.” The [...]

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