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Citi Community Development to Assist LEDC in Boosting Lending to Washington, DC Small Businesses
Today, Citi Community Development and the Latino Economic Development Corporation announced a substantial contribution to help small businesses in the district access microloans to support business expansion, income growth, and job creation. Tags: substantial contribution, Latino Economic Development Corporation, Citi Community Development
Grameen America Partners with Whole Planet Foundation® on Annual Prosperity Campaign at Whole Foods Market® Stores …
NEW YORK, Feb. 22, 2012 /PRNewswire/ — Grameen America , a microfinance organization founded by Nobel Prize recipient Professor Muhammad Yunus, today announced it has partnered with Whole Planet Foundation … Tags: Whole Foods Market®, Muhammad Yunus, Whole Planet Foundation®, Grameen America, Grameen America Partners, Whole Planet Foundation
Poll: Obama benefitting from improving economy (AP)
AP – President Barack Obama is reaping political benefits from the country’s brighter economic mood. A new poll shows that Republicans and Democrats alike are increasingly saying the nation is heading in the right direction and most independents now approve the way he’s addressing the nation’s post-recession period. Tags: republicans and democrats, President Barack Obama
California Republicans back Democrat governor on pensions (Reuters)
Reuters – Republican lawmakers in California on Wednesday fully embraced Governor Jerry Brown’s plan for overhauling public pensions and pressed his fellow Democrats, who control the state legislature, to back it as well. Tags: public pensions, Governor Jerry Brown’s, republican lawmakers, state legislature, fellow democrats
Burned before, Fed officials cautious on rebound (Reuters)
Reuters – U.S. central bank officials have good reason to be skeptical about the strength of the economy: excessive optimism has caught them flat-footed before.
Home resales at 1-1/2 year-high, supply falls (Reuters)
Reuters – Home resales rose to a 1-1/2-year high in January, pushing the supply of properties on the market to the lowest level in almost seven years in a hopeful sign for the housing sector.
Dollar rises to 7-month high against Japanese yen (AP)
AP – The dollar rose to a seven-month high against the Japanese yen, a week after the Bank of Japan announced a surprise increase of its economic stimulus program. Tags: japanese yen, bank of japan, economic stimulus
‘Occupy’ to hold national conference in Philly (AP)
AP – A group of protesters affiliated with the Occupy Wall Street movement plans to elect 876 “delegates” from around the country and hold a national “general assembly” in Philadelphia over the Fourth of July as part of ongoing protests over corporate excess and economic inequality. Tags: national conference, Occupy Wall Street movement, economic inequality
Summary Box: Bank of England split on stimulus (AP)
AP – STIMULATING DISCUSSION: Minutes of their last meeting showed Bank of England rate-setters were divided about injecting another 50 billion pounds ($79 billion) into the economy. Two members argued for a bigger stimulus. Tags: bank of england, Bank of England split
Private jet shipments slip, but improvement seen (Reuters)
Reuters – Worldwide shipments of business jets and other private aircraft fell again last year, but billings rose modestly in a sign of improvement in a tough economy. Tags: business jets, private aircraft, Worldwide shipments
Euro zone teetering on brink of recession (Reuters)
Reuters – The euro zone economy is in danger of tipping into recession, with the services sector shrinking this month along with manufacturing, tempering a wave of optimism after a new bailout deal for Greece struck this week.
U.S. mortgage applications sagged last week: MBA (Reuters)
Reuters – Applications for U.S. home mortgages tumbled last week as demand for loan refinancing sagged, an industry group said on Wednesday. Tags: industry group, home mortgages, mortgage applications, loan refinancing