Thu, Jul 2nd, 2009
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Bank of America said Wednesday that it will accept IOUs from the state of California from its customers through July 10.
“To support our customers, while giving the government additional time to pass a budget, we will accept California state-registered warrants - or IOUs -from existing customers and clients,” the bank said. “Based on state disbursement estimates, we will accept the registered warrants through July 10.”
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BofA, JPMorgan move cardholders to variable rates
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NEW YORK (Reuters) - Bank of America Corp (BAC.N) and JPMorgan Chase & Co (JPM.N) are switching some customers who have fixed-rate credit cards to potentially higher variable rates...
T-Mobile launches iPhone challenger
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NEW YORK - T-Mobile USA is betting big on its second Android smartphone the MyTouch 3G as it officially launches the device making it its flagship smartphone to compete against Apple'siPhone on AT&T. The company announced the MyTouch 3G...
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Why BofA is playing hardball with California on IOUs
Jun 26th, 2009 - Los Angeles Times
Bank of America Corp. set the tone for the banking industry's response to California's decision to issue IOUs. And if we can paraphrase the message from BofA and other major banks, it's this: "We'll help you for a week...
California plans more furloughs due to budget
Jun 26th, 2009 - Reuters
SAN FRANCISCO (Reuters) - California will force state employees to take a third unpaid day off work per month starting in July if the legislature cannot close a mounting budget gap...
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Some furlough days actually cost California money
Staff shortages are forcing tens of thousands of state workers employed at prisons and other around-the-clock institutions to report to work on their furlough days -- and the state is paying them with what amount to IOUs that will be costly to taxpayers, according to a Senate report to be released today.(World News)
missamberjThu, Oct 15th, 20091 Diggs, 0 CommentsIs Maryland The Next California? | Red County
California’s slide from one of the nation’s most prosperous states to one that can’t pay its bills and is issuing IOUs should be a cautionary tale for us here in the Free State – if anyone cares to listen.(Political Opinion)
teamronmillerWed, Oct 7th, 20091 Diggs, 0 CommentsWill California become America's first failed state? - CFC G
California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophical ly wrong(Political News)
BrittnayMon, Oct 5th, 20091 Diggs, 0 Comments
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