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Taxpayers must pay the freight for over-budget train projects
Topic - Philadelphia Federal Reserve Bank
Retail shops have been doing whatever it takes, including working on Thanksgiving, to entice a few more customers into stores and online outlets. Even after the final "cyber Monday" sales are tallied, the Christmas-buying season may not have gotten off to a big enough start to revive an economy that's been dragging for the past five years.
While the U.S. economy is healthy enough for the Federal Reserve to consider ending the extraordinary cash infusions it has pumped into world markets since 2008, such a change of course would pose big challenges for Europe's debt-strapped economies and for many of the world's developing countries.
Late payments on mortgages ticked up in the last three months of 2011, the second straight quarter-to-quarter increase after nearly two years of steady decline.
Stocks on Wall Street and across Europe fell sharply Thursday as fears of a double-dip recession continued to grow.
After six weeks of week-over-week declines, the S&P 500 is poised to deliver an up week even though economic and geopolitical concerns continue to grow.