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ECB May Deliver Most Aggressive Rate Cut Yet as Economy Slumps (Bloomberg)
Dec. 4 (Bloomberg) -- The European Central Bank may be forced to deliver the most aggressive interest-rate cut in its 10-year history as the economic slump deepens.
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Interest rates: Pound weakens further as pressure mounts on the MPC for a big cut (Daily Telegraph)
The pound continued its decline as pressure mounted for a full percentage point interest rate cut on Thursday.
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Help wanted: Deputy governor for Bank of Canada (Reuters via Yahoo! News)
The Bank of Canada has begun its search to replace former Deputy Governor Sheryl Kennedy during a period when the central bank is working to address the "immediate crisis and to develop a more sustainable, open global financial system."
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Midland’s Don Redl named teacher of month (The Santa Ynez Valley News)
Don Redl of Midland School has been named the Santa Ynez Valley’s Educator of the Month by the Valley Oaks Branch of Montecito Bank & Trust. Redl is in his fifth year as a teacher at Midland.
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Can America Survive Without Detroit? (BusinessWeek)
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Furniture plant to close in Sherman (The Clarion-Ledger)
The planned February closing of the Bauhaus USA Inc. upholstered furniture plant here will cost 139 jobs, the latest setback for the area's troubled furniture industry.
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Plant closing in Sherman, Miss., cuts 139 jobs (The Biloxi Sun Herald)
The planned February closing of the Bauhaus USA Inc. upholstered furniture plant here will cut 139 jobs, the latest setback for the area's troubled furniture industry.
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City experts say base rate should be cut to 1.5 per cent (Evening Standard)
Pressure was growing today on the Bank of England to halve its base rate to an unprecedented 1.5 per cent, following more grim economic news.
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A Good Time To Diversify (IndexUniverse.com via Yahoo! Finance)
Portfolio manager says those who've kept a level head in rough times should be well-positioned now to take advantage of attractive valuations. Kenneth Smith has been spending a lot of time lately...
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La-Z-Boy Unit To Close Mississippi Plant (Manufacturing.net)
Bauhaus USA Inc., a division of La-Z-Boy, will close its upholstered furniture plant in Sherman, Miss., costing 139 jobs in the latest setback for the area?s troubled furniture industry.
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