Dollar's winning streak ends Jan 6, 2009
"Liquidity was less than half with most of the market out.'' The minutes of the US Federal Open Market Committee's (FOMC) December meeting are due during Tuesday night's (AEDT) offshore session. At last month's meeting, the FOMC cut the federal funds rate from one per cent to a ``target range'' of between zero and 0.25%. Other data set for release includes US pending home sales for November and the ISM non-manufacturing index for December. Ms Trinh said the global growth outlook remained... (Sydney Morning Herald -- Business)
Tories say building money ‘is flowing' Jan 6, 2009
"But I think, without the federal funds, this is not going to go ahead and clearly we need an answer from the federal government as to whether this project is going to be funded or not.". Ontario, which signed its framework agreement on July 24, has had two smaller cultural projects approved thus far the Burlington Performing Arts Centre and the Cambridge Performing Arts Complex while others that submitted their applications later, such as Toronto's Royal Conservatory of Music, are awaiting... (Globe and Mail)
CRH Second-Half Profit Drops by `High-Teen' Percentage on Building Slump Jan 6, 2009
Obama has pledged to create a National Infrastructure Reinvestment Bank, financed with $60 billion in federal funds over 10 years. He also plans a $25 billion Jobs and Growth Fund to bolster road and bridge maintenance. (Bloomberg -- UK)
Auto makers look to Mexico Jan 6, 2009
5 per cent, while the Federal funds rate moves to 1 ... Still the problems besetting the credit markets are so multi-dimensional that no move will be a single fix," Mr. Porter said, noting the Fed wants to use every measure possible before cutting its benchmark Federal funds rate. COMMODITIES What does it cost to produce a single barrel of oil from the Alberta tar sands? At what price is it no longer profitable? It varies, of course, depending on the project and a wide variety of factors. But... (Globe and Mail -- Business)
Governor’s budget would cut care (13) Jan 6, 2009
Federal funds pay for about 60 percent of services the state provides to seniors and people with disabilities. Bond believes that without care, many of those now receiving care will get sicker and eventually need 40 to 50 hours of services a week. (Lebanon Express, OR)
It's your money: 20 dos and don'ts for 2009 Jan 6, 2009
With the Federal Reserve cutting the federal funds rate close to zero and policymakers eager to revive the housing market, mortgage rates are expected to drop substantially in 2009. That could be a great opportunity to refinance your mortgage, but only if you have a solid credit score. (KRNV.com, NV)
Transportation: State officials hoping for stimulus plan Jan 6, 2009
Tennessee has already lined up hundreds of projects to use any federal funds fast. We have identified about $850 million in roadway and bridge projects that we think are well qualified, says Gerald Nicely, commissioner of the Tennessee Department of Transportation. (Nashville Business Journal, TN)
State crafts infrastructure, project wishlist Jan 6, 2009
Infrastructure: State crafts wishlist for potential federal funds - Nashville Business Journal ... Infrastructure: State crafts wishlist for potential federal funds ... Possibilities for federal funds run the gamut, from gas pipes to water and sewer lines to electrical networks. (Nashville Business Journal, TN)
Birmingham Economic Forecast: Biotechnology Jan 6, 2009
Competition for those federal funds will be fierce in 2009, but Nugent said entrepreneurs will keep the Birmingham market moving. This article is for Paid Print Subscribers ONLY.. (Birmingham Business Journal, AL)
Experts: Birmingham biotech industry resilient Jan 6, 2009
Competition for those federal funds will be fierce in 2009, but Nugent said entrepreneurs will keep the Birmingham market moving. Large companies will partner with the city s smaller biotech firms on research and development projects. (Birmingham Business Journal, AL)
Overcoming Unemployment00004000 And Mental Illness Jan 5, 2009
But there are no federal funds for it, LaPook reports, and only about a dozen states willing to pay. For people like Steve Cromer, who are unemployed, mentally ill and approaching middle-age, supported employment also provides relief for their families. (CBS News)
600,000 new GOVERNMENT employees? Jan 5, 2009
Power, pop, and probings from ABC News Senior White House Correspondent Jake Tapper. is ABC News' Senior White House Correspondent based in the network's Washington bureau. (The Drudge Report)
Yellen Says Fed Can Expand Unconventional Policies Jan 5, 2009
In December, the policy-setting Federal Open Market Committee lowered the federal funds rate essentially to its "zero bound" by establishing a target range of zero to 0. 25 percent and noting an expectation that rates would stay at exceptionally low levels for some time. (ABC News -- Wire)
Stock markets open Monday at two-month high Jan 5, 2009
At that meeting, the central bank lowered the federal funds rate to between zero percent and 0. 25 percent, and indicated rates would remain at that level for foreseeable future. (MSNBC -- Business)
Welcome to the neighborhood Jan 5, 2009
Because the building is on the National Register of Historic Places and federal funds will be used to demolish the structure, we are required to mitigate the demolition. We are going to salvage the terra cotta pieces and document the building to save historic and architectural significance of the building. (Sioux City Journal, IO)
Habitat adds 'rehabbing' to its toolbelt Jan 5, 2009
But the city has enough of a foreclosure problem to qualify for $721,000 in federal funds. Hayes could receive a share that would allow his Habitat affiliate to purchase and renovate four homes for families on the waiting list. (Atlanta Journal-Constitution)
DOWNTOWN SHELL GAME: WHY LMDC STILL EXISTS Jan 5, 2009
5 billion from federal funds, and sick 9/11 workers get nothing but headaches. LMDC should be shut down in these dire economic times. (New York Post -- Opinions)
St. Clair R-XIII Report Card Available Online Jan 5, 2009
8 percent of revenue, with state funds accounting for 33 percent and federal funds making up 8. 2 percent of revenue. (Missourian Publishing, MO)
War is the enemy Jan 5, 2009
He was instrumental in having federal funds made available for those who might never have had a chance at a post-secondary education. His name is now synonymous with the Pell Grants. (San Francisco Chronicle -- Opinion)
Isles should commit to 'smarter' power grid Jan 5, 2009
But federal funds won't cover nearly enough. The state will surely be tapped for resources at some point and, even more certainly, the ratepayers. (Honolulu Advertiser)
SID SALTER:Medicaid funding builds as expensive 2009 issue Jan 5, 2009
Every $1 expended by the state on Medicaid draws down $3 in federal funds to pay for public health care ... And despite the incessant political pounding on Barbour by some House Democrats for his former career as a Washington lobbyist, those same legislators fell over themselves to use substantial portions of the federal funds provided for relief from Hurricane Katrina to meet Medicaid expenses - funds Barbour led the lobbying effort to gain on Capitol Hill. (Northeast Mississippi Daily Journal)
Obama Wants Huge Tax Cut In Stimulus Plan Jan 5, 2009
He also suggested federal funds be loaned rather than given to states. But McConnell said Obama could ultimately win broad Republican support if Republicans are provided a fair opportunity to shape it. (Newsmax)
Commission Calls for Gas Tax Increa... Jan 4, 2009
Establishing a Federal Inspector General to oversee efficient and legal use of federal funds should be considered before a tax increase. NCSTIF Gives Congress Political Cover for Tax Increase. (Suite101.com)
Robert I. Dodge III; Official At HUD, Resolution Trust Jan 4, 2009
Instead of having federal funds paid directly to landowners, low-income individuals received vouchers to help make up the difference. By providing direct support for rent, the program helped increase the mobility and independence of low-income tenants and allowed them to move out of substandard housing. (Washington Post)
Michigan school districts fear budget cuts Jan 4, 2009
"I'm all for rigor and that schools should be places of excellence, but other countries in the world spend 30% of their federal funds on education, and America spends less than 3%," Muncatchy said. Contact PEGGY WALSH-SARNECKI at 586-826-7262 or. (Detroit Free Press)
Evans says Fed's moves should cushion downturn Jan 4, 2009
Evans said the Fed will be increasing its nontraditional policies further now that the federal funds rate, its traditional tool to influence economic growth, has been cut to almost zero, in a reference to the "quantitative easing" measures taken by the central bank recently. "We are faced with the challenge of calibrating these unfamiliar policies and, in the future, determining the appropriate time and methods for winding them down," he said. (International Herald Tribune)
Honolulu rail enters defining year that could reshape plan, route Jan 4, 2009
The city expects to be awarded full federal funds in spring 2011. Other issues that need to be addressed during the coming year include development of land use regulations and zoning codes around train stations, approval of a project budget for the next fiscal year and initiating the land acquisition process. (Honolulu Advertiser)
Obama considers linking Defense Dept. with NASA Jan 4, 2009
And with added demands for federal funds due to the recession, it's unclear where NASA and some of its programs stand. Bloomberg's sources suggest the Obama team believes the Defense Department (which spent about $22 billion in the last fiscal year) can share some of its resources to give NASA a boost--and that they're even considering scrapping development of the Ares rocket entirely in favor of using the Pentagon's Atlas or Delta rockets, which are much further along in development. (CNET News)
5 governors unite, seek $1 trillion in federal aid Jan 3, 2009
The outline of a $1 trillion infusion of federal funds over two years, an outline they said had not been endorsed by the incoming Obama administration, is higher than levels previously dis cussed. It is unclear what the final price tag would be and what restrictions would be placed on the money. (Boston Globe)
Washington gets $1.3M job training grant Jan 3, 2009
3 million in federal funds to provide job training to low-income people. The funds are part of $49 million in grants announced Friday by the (HUD). (Puget Sound Business Journal, WA)
Health clinics draw more in bad times Jan 3, 2009
The designation allows the center to draw from federal funds that were increased during the Bush administration, Swagert said ... The Maricopa Integrated Health System has a similar distinction, but it relies on different federal funds. (AZCentral -- News)
Guest Comment: Three obstacles to water sustainability in the Green Valley/Sahuarita region (3) Jan 3, 2009
In the legislators view, this legislation enabled federal funds for the expensive CAP project to bring water to Phoenix and Tucson. Needless to mention, the AZ legislators were all aglow at their success of bringing approximately 1. (Green Valley News & Sun, AZ)
Fuel bank's donations down Jan 3, 2009
"We will certainly be hoping we can meet the needs through state and federal funds. We use those funds before we use local donations." "Eligible people will have good coverage," she said. Donations to the fuel bank and other Social Services efforts are accepted during regular business hours, 8:30 a.m. to 4 p.m., at the office, located in the Richmond Center on Main Street. (New Milford Times, CT)
Rule lets health providers refuse data Jan 3, 2009
"The proposed regulations will reinforce and reaffirm existing federal laws which prohibit recipients of certain federal funds from coercing individuals in the health care field into participating in actions they find religiously or morally objectionable," said John M. Haas, president of the National Catholic Bioethics Center in Philadelphia. "If you do not believe in performing an abortion, you want to be protected from being forced to do that. Others may disagree with us, but we are not... (Pittsburgh Post-Gazette, PA)
2008 ” A roller coaster year for Illinois agriculture Jan 3, 2009
There s an awful lot of federal funds that will not come into the state if Soil and Water is not here. It s a lose-lose situation the whole way. (Princeton Bureau County Republican, IL)
More auto industry-linked businesses eligible for bailout Jan 2, 2009
The Motor & Equipment Manufacturers Association has been lobbying for use of federal funds as a backstop for parts makers in case they can't collect money owed by automakers. The Treasury guidelines may encourage more guessing on what companies and industries are next, said Vincent Reinhart, resident scholar at the American Enterprise Institute in Washington. (USA Today)
Credit Markets Head Into Uncertain 2009 Jan 2, 2009
The stagnancy in the credit markets forced the Federal Reserve and other central banks to make a series of moves including interest rate cuts the Fed's benchmark federal funds rate is now near zero percent and cash infusions into the global banking system. 1. (ABC News -- Wire)
Virginity pledges don't mean much, study says Jan 2, 2009
Federal funds for abstinence only education programs have increased from $73 million in 2001 to $204 million in 2008. About 25 states apply for such funds each year to educate teens, says Rosenbaum. (CNN)
Portland's new mayor takes over with many challenges Jan 2, 2009
Adams says he and other city officials have so far requested $880 million in federal funds for dozens of "shovel-ready" projects that would improve the city's parks, roads and water system. In two weeks, the city plans to announce a job stimulus package, he said, though he declined to give details. (KGW Northwest NewsChannel 8, OR)
Year in Review: 2008 Jan 1, 2009
Federal funds in the amount of 117,000 were earmarked by Congress to repair Madison St. Joseph Hospital s roof and Collard Street. Democrat and Republican candidates filed for the spring primaries of their respective parties. (Madisonville Meteor, TX)
Elizabeth Holtzman Calls for More Focus on Issues in New York Senate Seat Coverage Jan 1, 2009
A candidate for consideration of the appointment herself, she wrote in Sunday's New York Daily News () that whoever is appointed will have the urgent tasks of turning around New York's economic and infrastructure decline, securing significant federal funds for New York from stimulus, infrastructure and other national initiatives, boosting upstate New York's economy and agricultural base and strengthening New York education and the SUNY system, among other key agenda items. She said today, "We... (PR Newswire)
ATL bank doesn't need bailout Jan 1, 2009
But the bank is going public with its strategy because he doesn t want customers and potential clients to worry when they learn the bank hasn t received federal funds ... But money is at the heart of Atlantic Capital s decision not to seek an infusion of federal funds. (Atlanta Journal-Constitution)
Atlanta envious of Phoenix light rail debut Jan 1, 2009
Both Phoenix and Charlotte got nearly half of their rail money from federal funds. City and special regional taxes paid the rest of the $1. (Atlanta Journal-Constitution)
Uniting to avert health care train wreck Jan 1, 2009
We have to reconsider cuts that turn away federal funds. We have to look at limiting investing in system improvements that will lead to better cost management. (Melrose Free Press, MA)
Bush just your average guy Jan 1, 2009
They can readily list his liberal sins overspending, gutting conservative education reform to win Teddy Kennedy's support, quintupling federal funds for bilingual education, creation of a new drug-entitlement program and so on. But they are alone in this perception. (Globe and Mail -- International)
Governor’s budget would cut care (15) Jan 1, 2009
Federal funds pay for about 60 percent of services the state provides to seniors and people with disabilities. Bond believes that without care, many of those now receiving care will get sicker and eventually need 40 to 50 hours of services a week. (Lebanon Express, OR)
Whats In and Out: Malden Jan 1, 2009
They re still downtown, but thanks to a batch of new grants, a better rental location and rate and some federal funds, the Cyber Caf. doubled in size and expanded its computer training offerings at its new address 110 Pleasant St. The new center offers many benefits: It is fully accessible, including all software programs and hardware, and the pod of computers is larger, more spacious, and overlooks a bank of windows. (Malden Observer, MA)
Unpardonable Jan 1, 2009
Location: MA Reply # 1 Date: Dec 31, 2008 - 9:23 PM EST Subject: JC - Totally agree re: Sanctuary Cities NO federal funds if that is their policy. No ifs, ands or buts about it. (Townhall.com)
United Way: Atlanta homelessness reduced Jan 1, 2009
Atlanta got more than $50 million in federal funds earmarked for efforts on homelessness within the past five years. Atlanta has been doing a good job that s why the resources have been increasing, Mangano says. (Atlanta Journal-Constitution -- Metro)
Boys and Girls Club hopes for donors Jan 1, 2009
While the club has received several grants along with state and federal funds, the club needs local donations to continue operations. The club staff and board of directors hope to build a surge of donor dollars following the holidays. (Louisville Winston County Journal, MS)
GMAC: $21.2 Billion Tendered In Note Exchange Jan 1, 2009
As a bank, the lender gets access to federal funds and can sell government-backed debt at a time when it has little in the way of alternative funding sources. Additional funding will also loosen up the lender's ability to extend auto loans for consumers of GM vehicles at a time when the company is battling weak sales volume. (SmartMoney)
Frank seeks $10b for affordable housing Dec 31, 2008
Thielen and others argue the federal funds would stimulate the economy through construction of housing. The National Housing Partnership Network says there are 230 projects "shovel ready," with a combined 2,100 units that could go into construction if the federal government provides additional help. (Boston Globe)
Mass. faces another $1b in cuts Dec 31, 2008
After briefing reporters and meeting with top House and Senate lawmakers, Patrick participated in a conference call yesterday with US House Speaker Nancy Pelosi, when he planned to continue making the case that state governments deserve a major infusion of federal funds. President-elect Barack Obama is hoping to sign a federal stimulus package shortly after taking office on Jan. 20, and Patrick said he and other governors are pushing for $350 billion for infrastructure projects, $250 billion for... (Boston Globe)
West Union, Dysart hope for federal funds Dec 31, 2008
(older than 14 days). Article rated a 0 by 0 users. (Waterloo Courier, IO)
Voice of the People - December 31, 2008 Dec 31, 2008
I learned how quickly astonishment can turn to disgust as I read "Stalemate puts unemployment benefits at risk" in Tuesday's Herald, which describes how Gov. Mark Sanford is refusing to apply for federal funds and thereby risking the loss of benefits to 77,000 families by Thursday. The state funds the agency for about $800,000 for the current budget year. (Herald Online, SC -- Opinion)
St. Clair R-XIII Report Card Available Online Dec 31, 2008
8 percent of revenue, with state funds accounting for 33 percent and federal funds making up 8. 2 percent of revenue. (Missourian Publishing, MO)
Honolulu transit tax revenues plummet Dec 31, 2008
"The project's budget includes $1 billion to cover potential cost overruns, which could provide some leeway if tax revenues are lower than expected.Voters narrowly approved the rail project in November as frustration over congested roads outweighed concerns about costs.The state began collecting a half-percentage-point general excise tax surcharge for transit in January 2007, and $283 million was raised in the first 23 months, according to state tax department records.City officials hope to... (Honolulu Advertiser)
Talking rapid transit Dec 31, 2008
5 million in federal funds allocated to the Milwaukee area in the early 1990s that has gone unspent primarily because Walker and Milwaukee Mayor Tom Barrett cannot agree on a joint mass transit plan. It s possible that expansion of the bus rapid transit system to Waukesha and along other routes could be financed with part of the $91. (Milwaukee Business Journal, WI)
Anglers helping to keep Iowa lakes hopes afloat Dec 30, 2008
Most recently, the $3 million first-ever Iowa State Marina at Casino Beach was paid for with State Marine Fuel Tax dollars, along with some federal funds through the Coast Guard. Fishing licenses entirely pay for the work of fisheries personnel who ensure the health of the lake's sports fish, including stocking catfish and walleye and netting walleye each spring to harvest eggs to ensure a good future population of the marquee fish. (Storm Lake Pilot Tribune, IA)
Former CIETC head appeals 7-year prison sentence Dec 30, 2008
Earlier this year she admitted diverting federal funds to her own pocketbook and to a handful of her colleagues ... Officials said the eight counts represent each of the federal funds that were defrauded or otherwise misapplied. (Sioux City Journal, IO)
$6 bn bailout package for GM Dec 30, 2008
But the federal funds come with tough conditions. GM and Chrysler will have to prove they can return to viability or the money could be withdrawn by March 31, likely leaving no option to bankruptcy. (India Times)
The changing face of homelessness (601) Dec 30, 2008
Funding is from an award of $1 million in state and federal funds. Benton Harbor was one of eight communities to get a share of $10 million awarded by MSHDA in 2006 to provide housing for chronically homeless people. (St. Joseph Herald-Pallidium, MI)
Clayton tax district could renew blighted area Dec 30, 2008
County Commission Chairman Eldrin Bell said the TADs will provide an opportunity for the county to apply for federal funds under President-elect Barack Obama s economic stimulus package. By having this in place, we have leverage for infrastructure improvements, such as road improvements, park developments and stormwater drainage work, Bell said. (Atlanta Journal-Constitution -- Metro)
Federal stimulus could fund Sky Song garage, Gilbert police center, Scottsdale arts Dec 30, 2008
Obama wants to pump federal funds into state and local construction, road and public works projects to help create jobs and stimulate the economy. Large metro area such as Phoenix, Chicago and Philadelphia as well as smaller suburbs have projects they say can start right away or within a few months. (Phoenix Business Journal, AZ)
Paterson turns to president-elect for support Dec 30, 2008
The governor said that New York has more than 1,900 ready-to-go projects for which federal funds can be obligated within 180 days valued at almost 11. 7 billion. (Catskill Daily Mail, NY)
