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Major stocks hit 10-year lows, the new subprime & america's best leaders - Today in Money 11/20

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In the News:
Major U.S. Stocks Drop to Decade Lows
As U.S. Stocks continue their downward spiral many of the most well-known name are plunging to decade or more lows. General Motors is almost at a 70-year low. Among the other companies that have fallen and not able to get up include General Electric, Harley Davidson, Alcoa, Macy's, Microsoft, Southwest Airlines, Sara Lee, News Corp. Starwood Hotels, Kodak, Gannett, Intel, Newell Rubbermaid, International Paper and more.
http://www.247wallst.com/2008/11/major-sp-stocks.html

The New Subprime: FHA-Backed Loans

The subprime wolves are back. The same people whose reckless practices triggered the global financial crisis are onto a similar scheme that could cost taxpayers tons more.
http://www.businessweek.com/magazine/content/08_48/b4110036448352.htm?chan=top+news_top+news+index+-+temp_top+story


America's Best Leaders
It has been a year when a lot of our top leaders have taken a big fall and we have questioned who can actually lead us. Barack Obama has a chance to prove if he is one next year when he becomes our president, but in the mean time there are still a slew of strong leaders that we can look up to. Among them are Secretary of Defense Robert Gates, cyclist Lance Armstrong, CEO's Jeff Bezos and Indra Nooyi, Miami mayor Manny Diaz and filmmaker Steven Spielberg to name a few.
http://www.usnews.com/features/news/best-leaders/best-leaders-2008.html

Schools, Cities Hit Hard Thanks to Wall Street Woes

Wall Street, which has been widely blamed for creating the current credit crisis, has become extremely skittish about lending to even the most creditworthy borrowers. Cities and states offer tax-free interest on their bonds, which have been such safe investments that investors had been willing to accept lower yields than U.S. Treasury bonds. Today that's not the case. Wall Street banks usually underwrite these bonds, but that era of easy credit has disappeared.
http://www.usatoday.com/money/economy/2008-11-19-muni-bonds-schools-cities_N.htm

Host a Holiday Party for 30 for Less Than $100

You don't have to spend a small fortune in order to throw a memorable soiree this holiday. Say sayonara foie gras, and hello Costco hors d'oeuvres. Here are some tips on how to throw a very nice holiday bash for 30, for under $100.
http://www.mainstreet.com/article/lifestyle/food-drink/host-holiday-party-30-less-100

Hollywood's Top-Earning Celebrity Couples

What happens when you marry an $82 million hip-hop brand and an $80 million R&B empire? You get Hollywood's best-paid power couple. Thanks to a monster year filled with music, movies, fashion and endorsement deals, Jay-Z and his new bride, Beyoncé Knowles, collectively raked in $162 million over the past year to be the #1 top-earning celebrity couple this year. Will & Jada Pinkett Smith rank second followed by David & Victoria Beckham, Tim McGraw & Faith Hill and Brad Pitt & Angelina Jolie. http://www.forbes.com/2008/11/19/hollywood-jayz-beyonce-biz-media-cx_lr_ls_1119couples.html
Symbol Lookup
IndexesChangePrice
DJIA-14.2810,318.16
NASDAQ-10.782,146.04
S&P 500-3.521,091.38

Last updated: November 23, 2009: 06:55 AM

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