Ecomomic Crisis
Daily News and Updates

Thursday - September 2, 2010:

  1. Ford, GM sales drop,Chrysler's up for Aug
  2. Manufacturing picks up in India and China, slips in Europe
  3. Nervous Afghans pull money from Kabul Bank, raising fears
  4. New stock market could help small companies
  5. Police chief says 'I need to axe 1,500 jobs' to meet Government cutbacks
  6. Record number in government anti-poverty programs
  7. US markets suffer their worst August in almost a decade
  8. US private sector cuts 10,000 jobs in Aug: report

Wednesday - September 1, 2010:

  1. Afghan authorities take over biggest bank to avoid meltdown
  2. For Many, a New Job Means Lower Wages, Studies Find
  3. Fresh fears of housing market 'double dip' as mortgage lending crashes to new low
  4. Indian economy jumps +8.8% in the last quarter
  5. Integra Group first half net loss grows 36 pct to $30.4 mln
  6. Jobless rate 'will hit 10% by 2015' in some parts of the UK as public sector cuts take effect
  7. Negative equity curse 'will last until 2014'
  8. Osborne cuts Treasury staff by 25 per cent in example to other departments
  9. Our ever shrinking pension payouts- Millions now facing the lowest returns on investments since records began

Tuesday - August 31, 2010:

  1. Consumer Spending in U.S. Rises More Than Forecast, Incomes Lag
  2. Number on government assistance climbing
  3. China's banking system shows disturbing, U.S.-style cracks
  4. Russia's 2010 inflation to reach 7.5 pct, higher than forecast 6.7 pct
  5. Japan moves to fight rising yen, announces stimulus

Monday - August 30, 2010:

  1. Recession taking toll on homeless shelters
  2. Bernanke Says Fed Will Do ‘All It Can’ To Ensure U_S_ Recovery
  3. Little prospect of tax cuts for the middle class in the next five years, warns Chief Secretary

Sunday - August 29, 2010:

  1. Czech Republic to close five embassies

Saturday - August 28, 2010:

  1. Ben Bernanke promises to step in as US economy veers back towards recession
  2. Economic downturn defying solutions
  3. Imports stifle 2nd-quarter growth
  4. Inflation in China perhaps 6%, twice official figures

Friday - August 27, 2010:

  1. Will U.S. economy mirror Japan's economic problems
  2. Japanese anxious on economy after grim reports
  3. 1 in 10 holding mortgages missed payments, but foreclosures drop slightly from earlier this year

Thursday - August 26, 2010:

  1. New home sales hit slowest pace on record
  2. Intel CEO Blasts Washington, Warns that Tech's on the Brink
  3. Credit Card Debt Hits 8-Year Low
  4. Germany's Deficit Doubled in Quarter
  5. Global outlook casts shadow over Fed retreat
  6. Russian inflation 5.4 pct since start of year

Wednesday - August 25, 2010:

  1. Britain is at 'significant' risk of a return to recession, warns Bank of England expert
  2. Nevada Assembly GOP leader: Consider tax on food
  3. Sales of existing homes plunged in July
  4. US home sales in record July slump
  5. State defers schools, welfare program payments

Tuesday - August 24, 2010:

  1. Economic recovery to slow down as business confidence falls
  2. Fed loses bid to review bailout disclosure ruling
  3. Interest rates 'may reach 8% by 2012' adding £900 to the average mortgage as economists warn of need to curb 'runaway inflation'
  4. Walker's World: Autumn crisis looms

Monday - August 23, 2010:

  1. Markets nervous as Australia faces hung parliament

Sunday - August 22, 2010:

  1. 10 reasons a new market crash could be coming
  2. Djou urges $1.3 trillion in spending cuts
  3. Stagflation is the economic recovery's 'new normal'
  4. With consumers slow to spend, businesses are slow to hire

Saturday - August 21, 2010:

  1. Analysts See $1.3 Trillion Deficit
  2. Economic judgment day
  3. Banks take in £50billion more than they lend to businesses
  4. Great fixed rate rip-off: Banks force homeowners to pay an extra £150 a month

Friday - August 20, 2010:

  1. 22 cities in danger of a double-dip recession
  2. Court OK's Calif. worker furloughs
  3. State could use federal school funding to help close budget gap
  4. BRIEF: Whirlpool To Lay Off Workers In Fort Smith
  5. Stocks drop as jobless claims rise unexpectedly
  6. Britain sinks further into the red as public borrowing hits £44.9bn

Thursday - August 19, 2010:

  1. US Says Bankruptcies Reach Nearly 5-Year High
  2. Air Transport Agency may ground 42 pct of Russia's airlines
  3. Soaring cost of food means a quarter of us are buying less

Wednesday - August 18, 2010:

  1. Inflation eases but stays above 3%
  2. Soaring cost of food means a quarter of us are buying less
  3. Flight Options collapse hits 70,000 holidaymakers

Tuesday - August 17, 2010:

  1. China Favors Euro Over Dollar as Bernanke Alters Path
  2. Home-builders index slumps to 17-month low
  3. I'm not confident there won't be a double-dip recession, says outgoing Treasury watchdog chief Alan Budd
  4. Japanese economy slows unexpectedly
  5. Public sector job cuts to hit house prices

Monday - August 16, 2010:

  1. NYC End Of The Line For Hundreds Of MTA Token Booth Clerks

Sunday - August 15, 2010:

  1. Germany considers shrinking army, compulsory service to cut costs
  2. Plan to sell off nature reserves risks 'austerity countryside'

Saturday - August 14, 2010:

  1. Retail Sales Tepid but Sentiment Finds a Footing
  2. University cuts of 35% will be worst since the Great Depression
  3. A million passengers to endure summer of misery as six UK airports face being paralysed by strikes

Friday - August 13, 2010:

  1. Jobless claims rise highlights economy's ills
  2. New jobless claims near a six-month high
  3. Stocks plunge as U.S. trade deficit is wider than expected
  4. World stock markets on high alert as recession fears remain
  5. ASIA: Doubts over economic recovery. Asian stocks and oil down
  6. Greek economy deeper in recession than forecast
  7. Markets dive as depression fears grow

Thursday - August 12, 2010:

  1. Californians' income falls for first time since WWII
  2. Dow falls 265 as confidence fades
  3. GDP could be revised down to 1.3%, economists say
  4. Markets fall as Bank of England downgrades growth forecast
  5. Bank of England cuts UK economic growth forecastsk
  6. CHINA: Industrial growth slows and inflation rises in China
  7. Millions face 25% cut in pensions as inflation rules for final salary schemes are changed

Wednesday - August 11, 2010:

  1. China bank stress tests could be sign of trouble
  2. Saying Recovery Has Slowed, Fed to Buy U.S. Debt
  3. U.S. productivity falls for first time since 2008
  4. Federal workers earning double their private counterparts
  5. House prices fall as spending cuts see economy stall
  6. Judge issues restraining order blocking Schwarzenegger from implementing furloughs
  7. Ministry of Justice faces £2bn cuts sparking fears for 15,000 jobs
  8. Now Brussels wants to tax Britons directly with EU-wide levies on banks and air travel
  9. Unions plot crippling general strikes to bring country to a halt in protest at Government cuts

Tuesday - August 10, 2010:

  1. Pentagon belt-tightening will cut jobs
  2. Pentagon axes agencies, thousands of jobs
  3. Fed set to downgrade outlook for US
  4. Freddie Mac requests $1.8B in aid after 2Q loss
  5. 29 Percent Of Chicago Mortgages Underwater
  6. Brussels feels time is right to suggest EU tax

Monday - August 9, 2010:

  1. States cut preschool from budgets
  2. Drastic spending cuts 'will mean losing things we genuinely value', warns David Cameron

Sunday - August 8, 2010:

  1. AIG posts $538 million second-quarter loss
  2. The Death of the Dollar
  3. Camden, N.J., may close libraries
  4. Stock market going nowhere Where to invest

Saturday - August 7, 2010:

  1. US job losses are double expected figure
  2. Nonfarm payrolls drop 131,000 in July Economic Report
  3. Recession-battered states cut funding for the disabled
  4. Weak private hiring shows recovery on the ropes
  5. Western Refining's Yorktown Refinery to cease most operations; more than 300 employees affected

Friday - August 6, 2010:

  1. Jobless claims rise 19,000 to 479,000
  2. Jobless claims raise doubts about economy
  3. Health overhaul helps Medicare prospects: report

Thursday - August 5, 2010:

  1. Is gold ready to run? Please read James, Chapter 5)
  2. From £4bn in the red to a £1.6bn profit in just 12 months
  3. Our booming banks HAVE to lend again, says Cameron as he meets Mervyn King to demand action

Wednesday - August 4, 2010:

  1. Fannie Mae, Freddie Mac need to be dismantled
  2. Geithner U.S. unemployment could rise
  3. David Cameron warns public sector cuts will be permanent
  4. Russia Fragile Recovery from Crisis

Tuesday - August 3, 2010:

  1. Chinese manufacturing slows in July, raises concerns for global economy
  2. Bernanke: U.S. has long way to go on economic recovery
  3. Run on banks! FDIC moves on 100 insolvents
  4. Bankers must repay their debt to Britain
  5. Lending to businesses must come before bonuses, banks are warned
  6. Sudden-death economics

Monday - August 2, 2010:

  1. French workers agree to trade benefits to keep GM plant from moving to Mexico
  2. Ukraine raises domestic household gas prices 50% from Aug. 1

Sunday - August 1, 2010:

  1. Chicago facing $654 million deficit
  2. GDP report Economic growth slows with 2.4 percent rate in second quarter
  3. Slowing economic rebound raises unemployment fears
  4. U_S_ bank failures total 108 after 5 shut on Friday
  5. JAPAN: Tokyo, unemployment up, industrial production down

Archives --

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