Economy

Predatory lenders boost political giving in Southern states

July 31, 2008 - In recent years, state legislatures in the South and elsewhere across the country have taken steps to crack down on predatory lenders -- payday advance companies, title loan firms, and other outfits that charge borrowers exorbitant interest rates sometimes as high as 36 percent. Last year alone, for example, more than 100 bills pertaining to such lenders were introduced in 33 states.

Coca-Cola settles lawsuit over stock manipulation charges

July 8, 2008 - Coca-Cola has agreed to pay $137.5 million to settle a shareholder lawsuit charging officials at the Atlanta-based company with misrepresenting or omitting information from public statements, causing artificial inflation of stock prices. The plaintiffs in the class-action suit were led by two union pension funds: the Carpenters Health & Welfare Fund of Philadelphia, which held about $80 million in company stock at the time of the filing, and and Local 144 Nursing Home Pension Fund, now called 1199 SEIU Greater New York Pension Fund.

Moving on up

July 1, 2008 - National average gas prices, July 1 2007: $2.97/gallon National average gas prices, July 1 2008: $4.09/gallon Source: AAA Fuel Gauge Report