Ecomomic Crisis
Daily News and Updates

Friday - April 30, 2010:

  1. Crisis, what crisis? EU demands Britain and other countries pay it £7bn more in 6% budget boost
  2. Greece economic recovery package 'just days away' as the crisis-hit country promises new cuts
  3. Greece readies austerity measures
  4. Harley says it must cut $54 million in local manufacturing costs
  5. Hung parliament 'could tilt Britain into Greek-style financial turmoil'
  6. Oil-rich Venezuela gripped by economic crisis
  7. Jobless claims fall to lowest level in 4 weeks

Thursday - April 29, 2010:

  1. Asian markets fall in wake of crisis in Greece
  2. Crisis Spreads in Europe
  3. Debt crisis: European markets fluctuate as financial turmoil spreads to Spain
  4. Financial crisis: Big banks' lies on what caused meltdown
  5. Merkel demands faster Greek rescue, Spain downgraded
  6. Unemployment falls in a majority of US cities
  7. U.S. high-tech industry lost 4% of jobs in 2009

Wednesday - April 28, 2010:

  1. Dow drops below 11,000 on Greek fears
  2. Wall St. tumbles on Greek, Portugal downgrades
  3. Greek bonds rated 'junk' by Standard & Poor's
  4. Greece may need €150bn rescue, analyst warns
  5. US prepares to push for global capital rules
  6. Bernanke Urges Deficit-Cutting, Scrutiny of Tax Code
  7. Fears of crushing debt spread to cities, provinces
  8. India’s inflation hits 9.9 per cent, faster than economic growth
  9. Citigroup has survived, but can it compete?
  10. Presidential commission to address rising national debt
  11. S&P cuts Greek debt to junk, downgrades Portugal
  12. Firefighters, Residents To Protest FDNY Budget Cuts
  13. Under financial overhaul, FTC could gain enforcement power over Internet
  14. Private sector pay freeze looms for the second year running

Tuesday - April 27, 2010:

  1. Italian town's plight underscores local impact of global economic crisis
  2. Markets hammer Greek debt, Germany sets tough terms
  3. Max Baucus A bank tax is coming
  4. NYS Could Run Out Of Cash In June – May Need To Borrow

Monday - April 26, 2010:

  1. US prepares to push for global capital rules

Sunday - April 25, 2010:

  1. Biden Sees Economy Creating 500,000 Jobs a Month Soon
  2. Broadway Bank, 6 Other Illinois Banks, Shut Down By FDIC
  3. ECB Officials Rebuff Concerns That Greek Crisis May Spread
  4. World leaders scramble to negotiate $60 billion rescue plan for Greece

Saturday - April 24, 2010:

  1. Billions more for bankers as City workers are handed £6.8bn bonuses
  2. Governments Will 'Bankrupt Us'
  3. Greece activates €40bn EU-IMF loans
  4. Greece asks for EU-IMF aid package
  5. Hedge-fund king wins bet as Americans can't pay mortgages
  6. Report: Health overhaul will increase USA's tab
  7. Budget Cuts Gov Christie Shuts Toilets on Free NJ Roads to Save Money
  8. Why US really went after Goldman

Friday - April 23, 2010:

  1. Banks May Not Be Lending, But They Are Buying Treasurys
  2. IMF joins the world to ask Beijing to revalue its currency
  3. Greece downgraded, deficit worse than feared
  4. Greece hit with national civil strikes
  5. Greece moves closer to default situation
  6. Greek debt crisis deepens; rating downgraded
  7. Lockheed Martin says first-quarter profit fell 18 percent
  8. Moody's lowers Toyota credit rating over profit concerns
  9. 'Strategic' foreclosures rise, with broad effects on economy
  10. Food Costs Jump Most In 26 Years
  11. Obama To Wall Street: Stop Fighting Overhaul

Thursday - April 22, 2010:

  1. Chrysler says it lost $3.8 billion between bankruptcy and year-end
  2. Citigroup says only ‘United States of Europe' will save euro
  3. 'FAT' tax to rein in banks
  4. First-time buyers near 20-year low
  5. Greek debt woes erase jobs, stoke social discontent
  6. L.A. mayor proposes deepest city cuts in decades
  7. School Districts Warn of Even Deeper Teacher Cuts
  8. Unemployment breaks through 2.5 million
  9. GDP Grows 4_9% in Last Quarter of 2009

Wednesday - April 21, 2010:

  1. IMF Mounting debt threatens global recovery
  2. Next bubble: $600 trillion?
  3. Reid to play chicken on Wall Street reform, daring GOP to filibuster
  4. LA mayor proposes 750 layoffs
  5. Goldman trader takes time off; reform momentum grows
  6. SEC probing other banks' subprime mortgage deals
  7. UK joins Goldman fraud probe as heat builds
  8. Inflation surging fuel costs push CPI to 3.4%

Tuesday - April 20, 2010:

  1. Paulson May Face Litigation Following Goldman Suit, Whalen Says
  2. Report Countrywide Facing Criminal Probe - CBS News
  3. Goldman Sachs Stock, Board Under Pressure Amid Probe

Monday - April 19, 2010:

  1. City trader linked to Goldman Sachs case as regulators track sub-prime deals
  2. Goldman Sachs set to pay £3.5bn in bonuses
  3. Geithner says economy growing faster than expected

Sunday - April 18, 2010:

  1. Canada Firm Acquires 3 Failed U.S. Banks
  2. Obama Fresh economic crisis without new financial rules
  3. Obama pushes bank reform, lashes out at Republicans

Saturday - April 17, 2010:

  1. European Central Bank: National debt approaching danger levels across Europe
  2. Goldman Sachs charged with fraud by SEC
  3. Ohio unemployment ticks up to 11.0 pct in March, highest since 1983
  4. Ca. State's unemployment rate reaches new high
  5. US housebuilding at 16-month high as repossessions rise

Friday - April 16, 2010:

  1. Bankruptcy laws that banks endorsed work against customers
  2. Bernanke, new economic data predict a long road to full recovery
  3. CHINA: Record growth (+11_9 per cent), but many fear bubble and unemployment
  4. Foreclosure Rates Surge: Banks Catch Up To Backlog, US On Pace To Hit 1 Million Repossessions In 2010
  5. Fortune 500 Shed Record 821, 000 Jobs In 2009
  6. Home seizures by banks set record
  7. Jobless claims rise for second straight week

Thursday - April 15, 2010:

  1. Analysis: Pension funds for teachers are short billions
  2. February trade deficit increases to $39.7 billion
  3. Recession? Port Authority Payroll Jumps $15,000,000 In A Year
  4. Unemployment likely to remain high for two more years, IMF predicts

Wednesday - April 14, 2010:

  1. Corporate tax rates below individual tax rates
  2. Nation's soaring deficit calls for painful choices
  3. The VAT-man cometh?
  4. £40bn bailout 'will not save Greece from another crisis'

Tuesday - April 13, 2010:

  1. Understanding the numbers
  2. VAT The cowardly tax
  3. Interest Rates Have Nowhere to Go but Up
  4. Japan Could Go Bankrupt By 2011
  5. Lawmakers take first vote on unemployment benefits extension

Monday - April 12, 2010:

  1. A sixth straight week of stock gains
  2. EU ministers agree on Greek bailout terms

Sunday - April 11, 2010:

  1. Fannie Mae collapse called inevitable
  2. China's $7.24B March trade deficit 1st in 6 years
  3. The Dow's up but trades are scarce, worrying bulls
  4. Ohio official tells residents to 'arm themselves' amid police cuts
  5. The economy Why an increase in inflation is coming
  6. Beach First National Bank is 42nd failure of 2010
  7. Alistair Darling admits National Insurance rise will cost jobs
  8. Gas in Britain hits $9 a gallon

Saturday - April 10, 2010:

  1. Big Banks Move to Mask Risk Levels
  2. Fitch Downgrades Greece to BBB: with a Negative Outlook
  3. Investors rush to sell Greek bonds
  4. EU can't afford to let Greece fail
  5. Debt burden weighs on developed nations
  6. Mortgages, foreclosures and doomed housing market relief
  7. Package only stimulated unemployment
  8. Paterson to Suspend Raises for State Workers
  9. Restaurants Casual-dining chains struggle in recession
  10. Student loan balances, default rates climb; 'good debt' goes bad

Friday - April 9, 2010:

  1. Fed officials warn on bubbles but Bernanke cautious
  2. Federal Reserve Chairman Ben Bernanke sounds a warning on growing deficit
  3. Rising rates signal end to era of low mortgage rates
  4. GOP Slams Obama’s Idea Of Value-Added Tax
  5. Suggested tax could spell disaster
  6. Jobless claims rise unexpectedly
  7. Petrol price hits all-time high

Thursday - April 8, 2010:

  1. General Motors loses $4.3 billion, says profit is possible this year
  2. Health and Welfare to close 9 offices, lay off 126 workers
  3. LA agencies may shut down 2 days a week

Wednesday - April 7, 2010:

  1. TA-25 jumps 0.7% to record-high trading level
  2. Foreclosure proceedings against churches triple in recession
  3. National debt seen heading for crisis level
  4. Faith in homeownership drops, Fannie Mae poll shows
  5. FDIC to top executives at South Dakota's BankFirst: Pay up
  6. Jobless rate may rise as many are drawn back to labor force
  7. Los Angeles Faces Insolvency Without Using Reserve Fund
  8. Report on Social Security delayed

Tuesday - April 6, 2010:

  1. America is broke
  2. Unemployment benefits expire for thousands
  3. More good economic news could help spur hiring
  4. Teachers' union threatens strike ballot

Monday - April 5, 2010:

  1. A strong first quarter in stocks, but investors shouldn't ignore the dark clouds
  2. Did you feel that hit in your wallet?

Sunday - April 4, 2010:

  1. GOP address warns of more economy perils
  2. Higher steel prices signal return of inflation
  3. 'We're going to blow the plant up': French workers prime 5,000-litre gas tank to explode

Saturday - April 3, 2010:

  1. CMD Releases Comprehensive Bailout Tally, $4_6 Trillion Spent on the Bailout to Date
  2. Obama: 'Encouraging day' despite no change in 9.7% unemployment rate
  3. Jobs report a step in the right direction
  4. Private sector hiring lifts March payrolls
  5. Should US abolish Federal Reserve Revive gold standard
  6. Bloomberg Slams Lawmakers For Not Passing On-Time Budget
  7. With all its revenue streams diminishing, Caltrain may be forced to cease operations

Friday - April 2, 2010:

  1. Construction spending at lowest point since ’02
  2. Hoarding not Hiring – Corporations Stockpile Mountain of Cash
  3. Plant closing to cost 400 jobs
  4. Israel: Consumer Confidence at 10 Year High, Despite Tension With US

Thursday - April 1, 2010:

  1. Irish banks may need as much as €32 billion for losses
  2. Revenue drop could mean more tickets
  3. Social Security payouts to exceed revenue in 2010
  4. Student loans overhauled as U.S. becomes primary lender
  5. U.S. stock futures deeper in red after ADP report Indications
  6. Wall Street is driving up oil prices

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