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Tag Archive | "recession"

Justice Department’s Standard & Poor’s Probe: Recession Might Be More Important Reason for the Volatile Stock Market

Stephen Wood, Chief Market Strategist Russell Investments: The New York Times reports the Justice Department is investigating whether the Standard & Poor’s credit ratings agency improperly rated mortgage securities ahead of the financial meltdown. A strategist says this has been a long-standing issue. Global economy may be a bigger factor than the downgrade by Standard […]

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FOXNews Live from Woodfield in Schaumburg: Village Debt Blamed on Sales Tax Slump

FOXNews television crews and reporter Steve Brown at Woodfield Mall about 9:45 a.m. covering sales slump/municipal property tax report. For years the village doesn’t charge property tax because it has relied on sales tax, especially from Woodfield Mall. A shopping slump is blamed for a deficit over $17.5 million that could lead to a municipal […]

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