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GRAYLING — A Feb. 5 deadline to secure financing for a planned $161-million amusement park on state land south of Grayling is nearly here and there’s no money for the venture. That means the project is dead and no more time will be spent considering the concept, state officials said.

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It will come as little comfort to know that they will be far from the last in the local banking community, home to over 40,000 employees, to lose out.

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A Feb. 5 deadline to secure financing for a planned $161 million amusement park on state land south of Grayling is nearly here and there’s no money for the venture.

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WASHINGTON, D.C. — We may never know whether the government’s $700 billion bailout of the financial industry worked, according to a new report from congressional auditors.

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Financial stress will mean even more late payments in 2009. This year, auto loan and mortgage delinquencies are expected to hit their highest levels in at least 17 years, according to TransUnion Trend Data. TransUnion samples a database of 27 million anonymous consumer records.

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Jan. 30 (Bloomberg) — France may relax demands that PSA Peugeot Citroen and Renault SA , the country’s biggest carmakers, rule out domestic factory closures in return for aid, two people with direct knowledge of the matter said.

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India’s two largest carmakers were hard hit by plunging car sales in the last quarter of 2008, with Tata Motors yesterday reporting a Rs2.6bn ($53.2m) loss, its first quarterly loss in seven years, and down from a Rs4.9bn profit a year ago.

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THE consequences of the credit crunch have now taken firm hold of the UK economy. Rapidly falling demand has led to falling employment as businesses cut spending savagely in order to ensure survival.

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The government will provide access to $125-billion in new financing and introduce sweeping new measures to boost bank lending in budget 2009 as it steps up its battle against the global credit crisis slowly engulfing Canada.

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Mark Vilrokx, 37, and Carine Beysen, 35, ought to ace retirement. The San Mateo, Calif. couple have great jobs - he’s a manager at Oracle, she’s a research director for a biotech company - and they earn a combined $210,000 a year. They have no mortgage, no student loans, no car loans, no credit-card debt. They’re also diligent savers who put away a hefty chunk of their income every year for …

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