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New-car sales slow, but used still moving (Gloucester Daily Times)
Steam is coming from the radiator, the tires are deflated and the horn won't work. At least, that's the picture many have of today's automobile industry. Yet, you couldn't confirm it by talking to North Shore dealers. Times are tough, they declare, but not as bad as you've heard.
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Credit Unions stand strong: Lending activity takes business as usual approach (Traverse City Business News)
TRAVERSE CITY - You didn’t read much about credit unions during the financial meltdown. That’s because they weren’t making much news. But now, the more conservative siblings to banking institutions are making headlines – for the money they stand ready to lend.
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Sinking economy not bad news for all Rhode Island companies (The Providence Journal)
The sinking state economy isn’t bad news for all Rhode Island companies, as some are seeing their bottom lines grow.
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Tories, Grits hurl insults during political showdown (CTV Winnipeg)
The political showdown in Ottawa reached a fever pitch in Parliament Tuesday as Prime Minister Stephen Harper accused his foes of "betraying" voters while the opposition said the Tories have been misleading the country with doublespeak.
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Deutsche Bank, Total, Lone Star, Porsche, Shell in Court News (Bloomberg)
Dec. 2 (Bloomberg) -- Deutsche Bank AG , Germany's biggest bank, sued three Highland Capital Management LP funds for more than $70 million over missed margin calls on commercial real- estate-backed securities.
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Media, gas prices fueling problems (The Paris News)
The general malaise in the economy, high gasoline prices and trouble in the financial sector of the economy have had an impact on the automobile business in Paris.
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Pawn shop business brisk amid economic downturn (Lawrence Journal-World)
John Geery and other pawnbrokers may get plenty of opportunities to make more loans as headlines blare about bank bailouts, tighter lending standards and stingier credit card companies. Whether right or wrong, the perception among many of the store’s customers is that banks won’t have room for “everyday” people needing a little help in tight times
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Who were the original $1-a-year men? (The Globe and Mail)
And, how the NBER decided the U.S. is in recession
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Sinking economy not bad news for all Rhode Island companies (The Providence Journal)
The repo man has been busy.
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Area banks immune to bailout necessities due to financial responsibility (Dayton News)
With mainstream media pumping in a steady diet of doom and gloom over the nations’ economical outlook based on what has been perceived by many as a necessary bailout of the country’s financial centers, area citizens might be concerned about local banks and how they might be affected.
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