Nov 25th, 2008 · In announcing its plan to fight the ongoing financial crisis, the Federal Reserve released the following statement: "Under the TALF, the Federal Reserve Bank of New York (FRBNY) will lend up to $200 billion on a non-recourse basis to holders of certain AAA-rated ABS backed by newly and recently originated consumer and small business loans. The FRBNY will lend an amount equal to the market value of the ABS less a haircut and will be secured at all times by the ABS." What does this mean?
Keywords: financial · Business · crisis · Federal Reserve · Consumers · haircuts · Holders · Abe · AAA · TALF · FRBNY
Jun 28th, 2008 · Paul Kennedy, spokesman for the AAA baseball Fresno Grizzlies, talks with Scott Simon about a video of a seemingly spectacular catch made by one the team's ball girls. Turns out, the viral Internet video was an ad staged by a food and beverage company.
Keywords: Food · Scott Simon · company · video · Ad · Internet · baseball · spectacular · beverages · viral · AAA · Paul Kennedy
Dec 22nd, 2007 · About 65 million Americans are expected to travel during this holiday season, and AAA says that 9 million of them will leave their cars behind and take to the friendly skies. Bad weather has caused delays in the Midwest, and is likely to cause problems in the coming days.
Keywords: Americans · Weather · holiday · Midwest · AAA
Nov 21st, 2007 · The day before the Thanksgiving holiday is among the busiest travel days of the year in the U.S. According to AAA, some 39 million Americans are due to travel at least 50 miles. Many will be in crowded airports where flights are bound to be either delayed or cancelled.
Keywords: Americans · airports · holiday · Thanksgiving · AAA
Jul 11th, 2007 · Gasoline prices are on the rise again, after falling for the last six weeks. A survey by AAA shows the average price at the pump nationwide hit $3 a gallon today. And an international watchdog warned this week that energy supplies are likely to remain tight for at least the next five years.
Keywords: energy · supplies · gasoline · watchdog · gallon · AAA
