Financial news on July 20th, 2008

Business and Financial news
Given a Shovel, Americans Dig Deeper Into Debt

Practices that produced record profits for many banks have led millions of Americans to the brink. Read more..

By GRETCHEN MORGENSON - The New York Times

Western Olympic Ads Cheerlead for China

Global corporations are appealing to nationalism in an advertising blitz the likes of which China has never seen. Read more..

By DAVID BARBOZA - The New York Times

Work Out Problems With Lenders? Try to Find Them

Today’s lenders often sell the loans they make to investors, making it nearly impossible for homeowners to discover whom they should contact about a delinquency. Read more..

By GRETCHEN MORGENSON - The New York Times

See what else happened on July 20th, 2008