Friday, August 19, 2011

NYTimes: Mortgage Rates Hit 50-Year Low

From The New York Times:

BUCKS BLOG: Mortgage Rates Hit 50-Year Low

The 30-year fixed-rate mortgage reached a 50-year low this week of 4.15 percent, before points.

http://nyti.ms/pqQlHp


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NYTimes: A Second Great Depression, or Worse?

From The New York Times:

ECONOMIX BLOG: A Second Great Depression, or Worse?

The 19th century, with technological change remaking the economy, had long, traumatic slumps, and the reaction is echoed in electoral politics today, an economist writes.

http://nyti.ms/qYze5C


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NYTimes: Bank of America Plans Big Layoffs to Cut Costs

From The New York Times:

Bank of America Plans Big Layoffs to Cut Costs

With its stock down more than 50 percent since January, Bank of America is set to eliminate at least 3,500 jobs in the coming months to cut quarterly costs by $1.5 billion.

http://nyti.ms/r71WSw


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