May, 2010

European Union Changes Car Maintenance Laws

There will be very significant changes to car maintenance in the EU, starting on June 1. Car-makers will be required to share repair information with shops, if they are authorized or not. This change will end the exemption from antitrust rules that car makers have had. Dealership monopoly of authorized shops to end In the European Union, ...

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New Wisconsin Payday Lending Law – Nevertheless Not Signed

In April of this year, Wisconsin lawmakers passed the first-ever set of payday loans laws for Wisconsin state. Regulations, passed by both houses of Wisconsin congress, are supposed to become law soon. These bills have encountered one hitch before they become law. The Governor of Wisconsin, Doyle, has not yet signed this bill into law. ...

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Fannie Mae And Freddie Mac Have Quite The Tab

Over the past few years, mortgage houses Fannie Mae and Freddie Mac are placed in conservatorship. The company was given massive amounts in bailout funds as the government is now in charge. The emergency loans which were given to the mortgage houses were not from TARP funds, and taxpayers think it is too ...

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Climate Change Bill Hits Senate With Little Chance For Success

Wednesday, after months of partisan bickering and also the peevish defection of one of its main sponsors, the Senate climate change bill was unveiled. Senators John Kerry, Democrat of Massachusetts, and Joe Lieberman, independent of Connecticut, presented a climate and energy package intended to limit climate change and promote clean energy jobs. Kerry said it ...

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Wall Street Panics As High Speed Trading Tanks Stock Market

At the end of Thursday, Wall Street breathed just a little easier. The Dow Jones Industrial Average finished the day down only 348 points. Earlier in the day the stock market dropped dramatically -- 1,000 points and nearly 700 points during one panic-stricken stretch. 296 stocks that fluctuated most were canceled for trade by Nasdaq ...

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