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Milwaukee Candidates Shut Out in Assembly Leadership
Found: 2 Days 17 Hours 49 Minutes ago
Shepherd Express-Metro - Secret ballot leads to secret drama State Rep. Mike Sheridan of Janesville was elected speaker of the state Assembly last Wednesday by the Democratic caucus, now in the majority. But just one week before the speaker’s election, three Milwaukee representatives— Pedro Colon, Fred Kessler and Jon Richards—were running against Sheridan....
COLLEGES: Parkside's Monson headed to Division II nationals
Found: 2 Days 18 Hours 34 Minutes ago
The Journal Times - UW-Parkside senior Jessica Monson will be looking to move up in her final appearance at the NCAA Division II Cross Country Championships Saturday at Castle Campgrounds, just outside Slippery Rock, Pa. Slippery Rock University is the host school for this year?s national meet....
COLLEGE REPORT: Davidson ready for another postseason
Found: 3 Days 12 Hours 17 Minutes ago
The Journal Times - One of the major perks of being an NCAA Division I football player is having the chance to play in a postseason bowl game....
Aid prospects darken for desperate U.S. automakers
Found: 4 Days 12 Hours 7 Minutes ago
The Northwestern - WASHINGTON - Prospects dimmed on Monday for the $25 billion bailout that U.S. automakers say they desperately need to get through a bleak and dangerous December....
Aid prospects darken for desperate carmakers
Found: 4 Days 12 Hours 55 Minutes ago
Chippewa Herald - Aid prospects darken for desperate carmakers...
L.A. Times: Automakers' pain felt far beyond Detroit
Found: 5 Days 10 Hours 37 Minutes ago
The Capital Times - Ford Motor Co.'s F-150 pickup is the top-selling vehicle in America with more than 436,000 purchased through October. But when people stop buying the F-150 -- and 26 percent fewer have been sold this year than last -- it's not just Ford and its workers that suffer.Falling sales dry up orders for antifreeze made in Illinois by a division of Honeywell International Inc., computer sensors manufactured by Germany's Robert Bosch Gmbh in South ... ...
Tony Walter column: Reality routs Chicagos bad rap
Found: 6 Days 13 Hours 18 Minutes ago
The Green Bay Press-Gazette - It would be a lot more convenient if we could just consider Chicago part of the Evil Empire and leave it at that....
UWSP football: Pointers nail down WIAC championship
Found: 6 Days 14 Hours 4 Minutes ago
Marshfield News-Herald - STEVENS POINT -- As the final minutes were winding down on the scoreboard clock at Community Stadium at Goerke Park, gray clouds were gathering....
UW-L football already thinking about comeback season
Found: 6 Days 16 Hours 49 Minutes ago
La Cross Tribune - STEVENS POINT, Wis. — Next year probably can?t come soon enough for the UW-La Crosse football team....
Economic woes mountRetail sales plummet, economic woes mount
Found: 1 Week 5 Hours 35 Minutes ago
Leader-Telegram - WASHINGTON - The worst monthly drop on record for retail sales set off new alarm bells about the economy Friday, stepping up pressure on policymakers to figure out how to combat what increasingly looks to be a severe recession.Confronting opposition by the Bush administration, Democrats in Congress said they would try next week to pass $25 billion in emergency loans for the auto industry, so wobbly that one or more of Detroit's Big Three could go under.And the Federal Deposit Insurance Corp., also breaking with the administration, proposed having the government spend $24 billion to back mortgages and help 1.5 million Americans avoid foreclosures.The policy differences highlighted both the waning power of President Bush and the growing concern about a long and painful recession ahead.A Commerce Department report showed American consumers in full flight, with retail sales falling a record 2.8 percent in October from September. Plunging auto sales led the way, but there were declines in virtually every spending category."Consumers are battening down the hatches and this reflects the depth of the downturn," said Mark Zandi, chief economist at Moody's Economy.com. "All households are panicked and cutting back - not just lower and middle-income families who are struggling with a bad job market and falling home values, but upper-income families who are upset with their diminished nest eggs."Wall Street had another day of lurching highs and lows. The Dow Jones industrial average, which was higher for the day as late as 45 minutes before the closing bell, took a nosedive and finished down 338 points, or nearly 4 percent.As world leaders arrived in Washington for a summit on how to deal with the global economic crisis, Bush urged patience in his weekly radio address, saying "our actions are having an impact."But with a steady stream of worse-than-expected economic data, Democrats in Congress and regulators at the FDIC are signaling more needs to be done.The Senate will begin debate Monday and hold a test vote two days later to try to break an expected filibuster on a bill that would provide the troubled auto industry $25 billion in new loans, Majority Leader Harry Reid of Nevada said.The White House supports speeding the release of $25 billion in existing loans to the Big Three - General Motors Corp., Ford Motor Co. and Chrysler LLC - but opposes using part of the $700 billion financial bailout for the automakers.Meanwhile, the FDIC put forward a proposal that would tap into the $700 million bailout package and use $24 billion to help households avoid foreclosure. The plan would guarantee 2.2 million modified loans - mainly risky loans made to borrowers with weak credit or small down payments - through the end of next year.Borrowers would get reduced interest rates or longer loan terms to make their payments more affordable and banks would receive government guarantees that supporters say will make them more willing to modify the loans.While supporters say the proposal by FDIC Chairman Sheila Bair is urgently needed in the severe housing downturn, the administration continued to voice opposition.The automakers and homeowners in danger of foreclosure were not the only people seeking assistance. The mayors of three large cities - Philadelphia, Atlanta and Phoenix - said Friday the federal government should use a part of the $700 billion them meet pension costs, make infrastructure investments and deal with severe cash-flow problems stemming from the economic downturn.President-elect Obama, who takes office Jan. 20, has not proposed or endorsed a specific aid plan, but he has called for some help for states and local governments in hopes they can avoid raising taxes or cutting jobs....
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