Economic Crisis
Daily News and Updates

Friday - August 31, 2012:

    Nothing to report.

Monday - August 27, 2012:

    Nothing to report this morning.

Sunday - August 26, 2012:

  1. Business spending plans hint at factory weakness

Saturday - August 25, 2012:

  1. Odds of Global Recession Are 100%: Marc Faber
  2. UK GDP revised upwards – but economy remains in double-dip

Friday - August 24, 2012:

  1. Eurozone in double dip recession confirms business index
  2. German banks move to consolidate ECB power
  3. Merkel says she ‘doesn’t care’ if Greece is forced to leave the eurozone
  4. French parliament to examine fiscal treaty on 19 September
  5. China manufacturing at nine-month low, HSBC survey says
  6. Data point to slow pace of healing in economy
  7. Israeli industry, union leaders predict wave of layoffs after Jewish holidays
  8. Santander: Britain's second biggest mortgage lender hikes SVR by 0.5%
  9. Sony mulls hundreds of job cuts in Sweden report
  10. Hewlett-Packard posts $8.9bn quarterly loss
  11. Dell's outlook disappoints as PC market falters
  12. We'll make a killing out of food crisis, Glencore trading boss Chris Mahoney boasts

Thursday - August 23, 2012:

    Nothing to report this morning.

Tuesday - August 21, 2012:

  1. Eurozone leaders to have series of Greece meetings
  2. Greek exit manageable but expensive, says ECB official
  3. Report: ECB considering plan to reduce interest rate spreads

Monday - August 20, 2012:

  1. Moody's: More Calif. cities at risk of bankruptcy

Sunday - August 19, 2012:

  1. Greece's debt soars £20bn in three months
  2. Budget breather for Greece would spur economic recovery report
  3. Qatar buying up crisis-stricken Europe
  4. Moody’s warns on California city defaults

Saturday - August 18, 2012:

  1. Jobless rate rose in 44 states last month
  2. N.J. unemployment rate rises to 9.8 percent in July, state loses 12K jobs
  3. Time to Pick Up Some Gold
  4. US economic recovery worst since World War II

Friday - August 17, 2012:

  1. European banks sit on €1 trillion of bad loans
  2. More than £100bn could be wiped off the UK economy if crisis in Greece shatters eurozone
  3. Russia Prepared for Possible Economic Meltdown – Putin

Thursday - August 16, 2012:

  1. Banking union plans see different roles for ECB
  2. Spanish PM to meet EU leaders
  3. China's Wen says economy still under pressure
  4. Rail commuters face 'Great Train Robbery' as fares rocket by up to 11%

Wednesday - August 15, 2012:

  1. German court sticks to September deadline on bailout fund
  2. Greece sinks again, more cuts to save bailout in store
  3. Greece to fire 40,000 public workers
  4. Euro zone economy shrinks despite German growth
  5. Investors Prepare for Euro Collapse
  6. UK inflation rises again after recent falls
  7. Global maize price hike impacting EU livestock
  8. Homeowners slash asking prices at fastest rate this year
  9. Treasury: U.S. to lose $25 billion on auto bailout

Tuesday - August 14, 2012:

  1. Motorola to cut 4,000 jobs in Google restructure

Sunday - August 12, 2012:

    Nothing to report on today.

Saturday - August 11, 2012:

  1. Chinese exports and imports slow down
  2. Chinese Export Growth Tumbles
  3. Eurozone crisis live: China data takes the shine off markets
  4. Deepening Euro crisis could force Britain out of the EU for ever
  5. Prepare for UK exit from EU, Asian bank warns
  6. Exclusive: U.S. banks told to make plans for preventing collapse
  7. U.S. import prices fall on oil, industrial supplies

Friday - August 10, 2012:

  1. Bank of England slashes growth forecasts to ZERO
  2. Eurozone crisis live: ECB warns of slower growth; UK trade deficit widens
  3. UK trade deficit hits new record
  4. Euro-architect hints at Greek exit
  5. France heading back towards recession
  6. French court to decide on EU fiscal treaty
  7. Fitch cuts Slovenia's credit rating
  8. California School District Will Spend $1 Billion to Borrow $100 Million
  9. Over 100 Million Now Receiving Federal Welfare

Thursday - August 9, 2012:

  1. Economist This Is Going To Be A Lot Worse Than 2008
  2. ‘Les Riches’ in France Vow to Leave if 75% Tax Rate Is Passed
  3. Italy approves more cuts as recession worsens

Wednesday - August 8, 2012:

  1. German opposition only eurobonds can save the single currency
  2. Shell withdraws cash from EU
  3. US banks brace for possible eurozone collapse
  4. Greece to sell state assets

Monday - August 6, 2012:

  1. The federal deficit is higher than it has been since the 1940s
  2. A new visual from the Face the Facts USA, a non-partisan election project from George Washington University shows the federal deficit has risen significantly under President Barack Obama
  3. In every second of 2011, the government spent $114,253—even though it was only taking in $73,043 in revenue

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