If you want tax credit for that hybrid, now is the time to buy (Detroit Free Press)

For recent high school grads, this bankruptcy provision—if they even know about it—must seem like an unlikely scenario. But it’s becoming very real to many borrowers. Over the past several decades, more Americans filed for personal bankruptcy protection, reaching a peak of 2 million in 2005. Tougher rules have cut that number, but it’s climbing fast again.

If you want tax credit for that hybrid, now is the time to buy (Detroit Free Press)

One way to protect yourself against future oil shocks is to buy a fuel-efficient car. And if you buy a hybrid, you may be eligible for a tax credit when you file your 2007 tax return. But the tax credit begins to phase out after an automaker sells 60,000 vehicles.

WCI Communities Obtains Waiver and Amendment of Credit and Loan Facilities (PrimeNewswire via Yahoo! Finance)

BONITA SPRINGS, Fla., Aug. 20, 2007 -- WCI Communities, Inc. , a leading builder of traditional and tower residences in highly amenitized lifestyle communities, today reported that on August 17, 2007 it reached an agreement with its lenders to amend the Company's Revolving Credit Facility, Term Loan Agreement, and Tower Facility.

Deadline for tax credit extended (Carroll County Online)

The deadline for applying for the countyâ€™s senior tax credit and the homeownersâ€™ property tax credit has been extended to Oct. 31 due to the number of applications coming in to the state Department of Assessments and Taxation.

Ex-Spouses Can Ruin Each Other's Credit (US News & World Report)

Dear Alpha Consumer,

Carry trade no longer the most profitable strategy (The Star Online)

NEW YORK: A doubling in currency volatility since June has knocked the â€œcarry tradeâ€ off its perch as the most profitable strategy in foreign exchange, hurting investors from John W. Henry & Co to Campbell & Co.

A court victory for cell users (Los Angeles Times)

Judges say Cingular's contracts can't block class-action suits. The ruling also could benefit other consumers. Cingular Wireless can't compel customers to sign away their right to file class-action lawsuits against the company, a federal appeals court ruled Friday.

Loan by Loan, the Making of a Credit Squeeze (New York Times)

About 1.7 million households will lose their homes to foreclosure this year and next, according to estimates nearly double the number of the previous two years.

Local Students Head Back To Classes At Va. Tech (WPXI Pittsburgh)

One student says the shootings at Virginia Tech have made for "more of a family atmosphere" on campus as students file back into classrooms.

The dream of home ownership, now a nightmare (International Herald Tribune)

Families like the Cossettes are the individual faces of the American credit crunch of 2007. The economic bite of the credit squeeze continued to intensify last week.

NL team notes (USA Today)

nl notes