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On job creation, Republicans should listen to their own advice
Congressional Republican leaders have reportedly asked Federal Reserve Chairman Ben Bernanke to refrain from any further monetary stimulus during policy makers' two-day meeting this week. Specifically, they asked in a letter to Mr. Bernanke that the...Tags: Government Health Care, Consumers, Ben Bernanke, Republican Party, Companies and Corporations
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Federal Reserve sets limits on debit card swipe fees, leaving merchants and banks unhappy
You might not have paid attention to the fierce yearlong battle between merchants and banks over debit cards, but you'll likely notice last week's outcome in your wallet.
The dispute was over the debit card interchange fee — the payment merchants...Tags: Banking, Maryland, Marketing, Consumers, Credit and Debt
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Dollar coins piling up at Baltimore reserve bank
In a dimly lit underground vault a block from Camden Yards, the Federal Reserve is holding millions of dollars in cash that nobody wants.
The money — stored in cloth and plastic sacks piled high on metal shelving units — is in the unloved...Tags: Judges, Lawyers, NPR, Oriole Park at Camden Yards, Consumers
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Retailers fight back against BofA $5 monthly debit card fee
Bank of America’s plan to charge customers $5 a month to use a debit card has been blamed on new regulations that reduces its fee income.
Starting Saturday, big banks will collect less money — so-called swipe fees — from merchants to...Tags: Banking, Bank of America Corp., Consumers
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Baltimore County Savings Bank changes charter
Baltimore County Savings Bank has converted from a federally chartered savings institution to a state-chartered commercial bank, it announced Friday. Joseph J. Bouffard, the president and chief executive officer of the bank and parent BCSB Bancorp,...Tags: Baltimore County, Banking, Corporate Officers
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Obama needs to do more to keep the jobless in their homes
Four years into the financial crisis, foreclosure numbers remain daunting, with nearly 80,000 U.S. households receiving default notices for the first time in August.
But help might be at hand, now that the Obama administration is requiring mortgage...Tags: Employment Opportunities, Labor Markets, Freddie Mac, Mortgages, Unemployment
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South Korean trade deal: A small step toward fixing the economy
President Barack Obama's jobs bill, a relatively modest effort given the risks the economy faces and the toll that extended joblessness has taken on American workers, is bogged down in a divided Congress and is about to get more so. Senate leaders are...Tags: Trade Policy, Lee Myung-bak, Money and Monetary Policy, Panama, U.S. House of Representatives
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Occupy Wall Street protests spread to Baltimore, other cities
St. John's United Methodist Church, a centuries-old church on St. Paul Street, looked the way it does during its occasional rock concerts. Hundreds of people — some older than 40, some in their 20s — gathered there Sunday not for the music, or...Tags: Facebook, Brooklyn Bridge, Fine Arts, Media Industry, Twitter, Inc.
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Romney isn't the nominee, but he's sure acting like it
During the Republican presidential candidates' debate at Dartmouth College the other night, former Massachusetts Gov. Mitt Romney was asked his choice for chairman of the Federal Reserve. Grinning, he replied: "I haven't chosen that person. I haven't even...Tags: NBC (tv network), Elections, Government, Regional Authority, Herman Cain
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Cain not the only option for conservatives
The recent surge by Herman Cain to the top of the GOP field was not fueled by the tea party. The tea party was the first to embrace Mr. Cain because of his 9-9-9 tax plan and because he speaks like a businessman rather than a politician, which is very...Tags: Alan Greenspan, CNN (tv network), Herman Cain, Anderson Cooper, Tea Party Movement
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Employers add more jobs than forecast in July
American employers added more jobs than forecast in July and wages climbed. Payrolls rose by 117,000 workers after a 46,000 increase in June that was larger than earlier estimated, the Labor Department said Friday. The median estimate in a Bloomberg News...Tags: Wages and Pensions, Bloomberg L.P., Consumers, Labor Markets, Economic Indicator
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Consumer and business confidence seen as key to weathering economic storm
Bettie Dunkin was surprisingly unfazed by the financial turmoil of the last few days.
The 53-year-old accountant, who had been out of work for months and only recently landed a temporary job, spoke for many Americans when she said: "We're getting numb."...Tags: Stock Market, Government Debt, Sales, Hunt Valley, Pikesville
Sep 22, 2011
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Sep 30, 2011
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Oct 14, 2011
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Aug 9, 2011
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Original site for Federal Reserve topic gallery.
