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money pileThe Federal Deposit Insurance Corporation proposed on September 29 that banks prepay $45 billion in insurance premiums to help the FDIC avoid running out of money to cover bank failures.

senior citizen workerAccording to a survey conducted in the past two months by an organization known as Experience Works, the current recession is hitting seniors hard, causing them to delay retirement or to come out of retirement.

BairThe Federal Deposit Insurance Corporation (FDIC) is considering borrowing billions of dollars from the very banks it is supposed to be insuring against failure, the New York Times reported on September 21.

AdobeAdobe Systems Inc., the largest producer of graphic-design software in the world, has announced a deal to purchase Omniture Inc. for $1.8 billion. Ominture’s focus is tracking website performance and measuring the effectiveness of online advertising campaigns.

povertyAccording to statistics from the U.S. Census Bureau, the poverty rate is at an 11-year high while household incomes are at a 10-year low, all thanks to the worst recession since the Great Depression.

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