Ecomomic Crisis
Daily News and Updates

Thursday - December 31, 2009:

  1. Treasury to dole out $3.8 billion to GMAC, raise stake
  2. Russia to continue state support for key industries in 2010
  3. US stirs trade tensions with China over steel duties
  4. China To continue growth, China refuses to reevaluate the yuan
  5. Consumer confidence picks up, but home prices flatten out
  6. Gov't 'spends without thinking'
  7. Motorists hit AGAIN as Government tax grab adds a record 15p a litre to the price of petrol

Wednesday - December 30, 2009:

  1. As the world waits for hyperinflation and a world government, Bernanke becomes “Person of the Year
  2. GM plans fire sale to move oprhaned brands Pontiac and Saturn
  3. British homeowners continue to trim mortgage debt
  4. Unemployment to keep rising next year, says CIPD
  5. Poverty report: Recession still in effect
  6. £11bn VAT rise shambles: Chaos reigns on High Street with just three days to go before sales tax goes back up

Tuesday - December 29, 2009:

  1. 2010: The year ahead
  2. UK house prices fall 1.9% in December
  3. House prices predicted to fall in 2010
  4. JAL: bankruptcy proposed as option to banks sources
  5. War on Wall Street as Congress Sees Returning to Glass-Steagall
  6. Analysts See Israel Flexing Economic Muscle in 2010
  7. Bank of Israel Raises Interest to 1.25%
  8. As college costs rise, loans become harder to get
  9. Banker's ties to Congress to be probed
  10. Companies try to avoid 50% top tax rate by altering pay policies
  11. Retail holiday sales improve after dismal 2008
  12. Retiring baby boomers to strain system
  13. Stocks edge higher as shoppers step up spending

Monday - December 28, 2009:

  1. Call for universities to charge well-off students £30,000 a year
  2. Weak economy motivates Americans to save more

Sunday - December 27, 2009:

  • No News Today

Saturday - December 26, 2009:

  1. U.S. promises unlimited financial assistance to Fannie Mae, Freddie Mac
  2. Sberbank urges GM to compensate for failed Opel deal

Friday - December 25, 2009:

  1. Congress raises debt ceiling to $12_4 trillion
  2. Administration removes current $400 billion cap on bailout support for Fannie and Freddie
  3. Barclays hands out pay rises to investment bankers
  4. Fannie, Freddie Executives Get Big Payday

Thursday - December 24, 2009:

  1. Small-business bankruptcies rise 81% in California
  2. Geithner: There will be no 'second wave' crisis
  3. Recovery not as strong as previously thought
  4. Approaching the rapids for the U.S. economy
  5. Treasury finds holes in stimulus tax breaks
  6. U.S. financial crisis panel sets first hearings
  7. City Of Chicago To Shut Down Christmas Eve To Save Cash
  8. Unemployment Calls Overwhelm Server
  9. Ford agrees Volvo sale to China's Geely report
  10. AIG executives' promises to return bonuses have gone largely unfulfilled
  11. Census Florida, Nevada had more Americans move out than in

Wednesday - December 23, 2009:

  1. Britain remains stuck in recession in further blow to Brown and Darling
  2. UK recession longest and deepest since war, says ONS
  3. In Ireland's deep budget cuts, an omen for a heavily indebted United States?
  4. States' jobless funds are being drained in recession
  5. Tough choices for states on jobless funds
  6. Russia could further lower key lending rate by yearend
  7. Taxpayers Help Goldman Reach Height of Profit in New Skyscraper
  8. U.S. home sales bolster economic growth prospects
  9. U.S. mortgage industry grapples with new disclosures
  10. Employees: Tulsa's Arrow Trucking Is Suspending Operations

Tuesday - December 22, 2009:

  1. Shocker! Detroit unemployment approaching 50%
  2. Single currency a step closer for ALBA nations
  3. Walker's World Euro's crisis of 2010
  4. British workers face second year of pay freezes, CBI warns
  5. Christmas lumps of coal from Congress

Monday - December 21, 2009:

  1. China warns Obama deficit spending must stop

Sunday - December 20, 2009:

  1. China: Harder to buy US Treasuries
  2. Seven U.S. banks closed; 2009 failures at 140
  3. Hawaii dimmed by severe cuts

Saturday - December 19, 2009:

  1. Deutsche Bank to 'globalise' bonus pain as Bank of England says City exodus is 'price worth paying'
  2. Europe's Debt Woes Hit Currencies
  3. GM to shut down Saab
  4. Kucinich panel to investigate Citigroup tax ruling
  5. Ohio unemployment rises to 10.6 pct. in Nov
  6. UK public borrowing soars to new record
  7. Visteon moves to abandon pensions

Friday - December 18, 2009:

  1. Obama signs $1.1 trillion spending bill into law
  2. Record 6.6 million 'half-timers' now working reduced hours as bosses struggle to pay full wage
  3. Bad news for the high street as sales fall for first time in six months
  4. Flyglobespan collapse: Thousands of people left stranded abroad after Scotland's biggest airline collapses
  5. Bloated public sector gets 23,000 more staff... and their pay rises are almost three times higher
  6. As wage theft rises, states and cities crack down
  7. Firms in state of 'hysteria' as darkness falls on Israel's solar industry

Thursday - December 17, 2009:

  1. U.S. gave up billions in tax money in deal for Citigroup's bailout repayment
  2. RBS chief blames ministers as billions of pounds are wiped off bank's share price
  3. Savers see their nest eggs fall in value as inflation rises and interest rates stay low
  4. Santa not jolly hearing kids ask for essentials in recession

Wednesday - December 16, 2009:

  1. Foreclosure buyer demand dips as supply mounts
  2. US House to vote on short-term debt limit hike
  3. U_S_ debt could push interest rates higher
  4. House to vote on jobs bill this week
  5. Poll Reveals Havoc of Unemployment on Workers and Family
  6. New York business index flattens
  7. Spike in wholesale inflation sends stocks lower
  8. Times are tough but not tough enough to stop push for global tax
  9. Fat City
  10. Cheques to be bounced into history
  11. RAF base to be closed and Harrier squadron axed to pay for war in Afghanistan

Tuesday - December 15, 2009:

  1. Barclays forecasts Israeli economy ‘ready to roar’
  2. EU approves largest state aid plan in union's history
  3. Walker's World Beware the Greeks
  4. British Airways crew set to strike
  5. One million passengers face a ruined Christmas as BA staff vote to strike for TWELVE days
  6. Obama urges banks to lend; Citi, Wells Fargo to repay TARP funds
  7. D_C_ hands out $15M in bonuses despite recession, budget gaps
  8. How bankers destroy £7 for every £1 they create: Hospital cleaners are more valuable to society, say researchers
  9. King expected to lead UAW; staff cuts announced

Monday - December 14, 2009:

  1. D-Day nears for Dubai's $3.5 billion debt hurdle
  2. Fed can do no more to cut unemployment: Greenspan
  3. Senate passes $1.1 trillion spending bill
  4. White House economists see jobs growth by spring

Sunday - December 13, 2009:

  1. Senate GOP Denied on Spending Filibuster Attempt
  2. $447 billon spending bill clears Senate hurdle
  3. House approves sweeping financial reforms
  4. Indiana cities pull plug on streetlamps to save money
  5. Nations' mounting debts worry global bond investors
  6. Pay czar caps more salaries at bailed out firms

Saturday - December 12, 2009:

  1. Unemployment plan would change rules on bank bailouts
  2. House approves sweeping financial reforms
  3. House measures may halt automakers' turnaround
  4. Recession and charitable donations, nonprofits and charities
  5. US extends executive pay limits at bailed-out companies
  6. For feds, more get 6-figure salaries
  7. France and Germany back UK bonus tax
  8. Global Agenda PIGS crash
  9. Obama reducing the debt? Dream on!
  10. Russia's GDP down 8.9% in 3Q09 year-on-year

Friday - December 11, 2009:

  1. Dems to lift debt ceiling by $1.8 trillion, fear 2010 backlash
  2. U.S. extends bailout fund, sees economic challenges
  3. Gov't misuses funds, TARP should fold
  4. New Jobless Claims Rise More Than Expected To 474K
  5. NY governor directs cut in state aid payments
  6. U.S. debt to fall to junk bond status?
  7. Facing budget deficit, Britain taxes some bankers' bonuses
  8. Public sector pay rises capped at 1% Society
  9. France poised to join UK in taxing bankers' bonuses
  10. Greece's foreign debt reaches record level of 125% of GDP
  11. Kucinich seeks 60 percent excise tax on TARP executive bonuses
  12. Interest rates 'to stay at 1% or lower for next five years'
  13. £2,400: The cost every family will pay for EIGHT years to rebuild the economy
  14. Fall in advertizing forces 10 Russian magazines to close
  15. Ginnie Mae's growth gives fuel to risky lenders
  16. Royal Mail predicts record £10bn pension deficit

Thursday - December 10, 2009:

  1. Britain Imposes 50% Tax on Bank Bonuses
  2. Darling hits everyone earning over £20,000 with 0.5% NI increase (but public spending just goes on and on)
  3. Pre-budget report Darling raises national insurance as he admits recession worse than predicted UK news
  4. Public sector pay rises capped at 1% Society
  5. Global stock markets fall amid recovery fears
  6. Troubled companies, Kodak, Blockbuster, Sears, Palm
  7. U.S. extends bailout fund, sees economic challenges

Wednesday - December 9, 2009:

  1. Job-creating bill could cost up to $200 billion
  2. Democratic jobs bill - unlawful, expensive
  3. Food banks adapting for record demand
  4. Hunger, family homelessness on rise in U.S. cities
  5. In debate over nation's burgeoning deficit, a surplus of worry
  6. Jobs...or snow jobs?
  7. Obama keeps focus on jobs, warns no silver bullet
  8. Obama: TARP would fund plans for business/a>
  9. Obama’s Mortgage Modifications to Fail, Amherst’s Goodman Says
  10. Vestas to furlough 500 at Windsor, CO plant next year

Tuesday - December 8, 2009:

  1. Energy Department tightens reins on Ill. stimulus money
  2. Homeless numbers increasing in Michigan
  3. U.S. debt to reach $50 trillion by 2030
  4. Sberbank posts 88% net profit plunge in January-September
  5. Venezuela Takes Greater Control of Banks

Monday - December 7, 2009:

  1. The Dollar Bubble starring Peter Schiff, Ron Paul, Marc Faber, Gerald Celente, Jim Rogers, and others. Prepare now for the U.S. dollar collapse. - Documentary/Video

Sunday - December 6, 2009:

  1. Bank lobby lashes out at credit unions
  2. Beijing doubles gold reserves, but warns It is a bubble
  3. Geithner Dismisses Tax on Financial Transactions as Unworkable
  4. Quarter of borrowers in anti-foreclosure plan are behind
  5. Why the Fed loves inflation
  6. Obama likely to back idea to use TARP funds to create jobs

Saturday - December 5, 2009:

  1. £40,000 a family: The taxpayers' cash used to fund the £850billion bailout
  2. Bailout of banks to cost taxpayer £131bn
  3. Japan to unveil huge stimulus package
  4. Corus to cut 1,700 jobs
  5. N. Korea confirms currency reform

Friday - December 4, 2009:

  1. As Obama opens jobs summit, he faces limited options for growth
  2. Jobs summit - solving the problem, or saving face
  3. AvtoVAZ carmaker could get additional state support - Putin
  4. States act to curb 'double dipping'
  5. The Washington Times is laying off 40 percent of its staff

Thursday - December 3, 2009:

  1. Another gov't-induced housing bubble
  2. Unemployment Rises In Almost Half Of Metro Areas
  3. U.S. credit card defaults seen testing highs Fitch
  4. Creditors mobilize over Dubai debt plan
  5. Dubai World-type debt crises to continue in 2010-11
  6. PHILIPPINES – UAE: Dubai’s collapse puts the job of 250,000 Filipino workers at risk
  7. Fury as EU creates three regulators to tell us how our financial sector should be governed
  8. RBS warns cap on bonuses will lead to exodus of top staff
  9. Aer Lingus to cut hundreds more jobs as union talks collapse
  10. Corporate America's huge piles of cash

Wednesday - December 2, 2009:

  1. Growing debt from unpaid credit cards and Chinese banks
  2. Dubai and Abu Dhabi stock markets down again
  3. Dubai debt fuels another confidence crisis
  4. Cutting jobless will take time Summers
  5. House price rises begin to slow
  6. House prices up 10% this year... but it won't last as economists predict gains will be wiped out in second dip
  7. North Korea revamps currency to curb black market
  8. North Korea revalues currency, destroying personal savings
  9. U.S. unemployed face higher healthcare premiums
  10. AIG Slashes US Debt Under Deal With New York Fed
  11. CBO report- Stimulus package saved or created as many as 1.6 million jobs (This must be that "NEW MATH")
  12. Job figures fall as finance ministers prepare to meet
  13. Gazprom Neft posts 50% net profit plunge over three quarters
  14. Oil prices spike after Iran seizes yacht (What does a racing yacht have to do with oil?? - This just shows the volatility of the markets to me)
  15. Union takes furloughs to save jobs
  16. Russia's Reserve Fund down to $76.9 bln in November
  17. Scheduled to hibernate, 'death tax' may get new life
  18. U.S. Economy: Orders, Exports Propel Manufacturing

Tuesday - December 1, 2009:

  1. Dubai debt fuels another confidence crisis
  2. Dubai rejects guarantee for Dubai World
  3. FTSE down amid fears that Dubai's debt woes are spreading
  4. The dire sign of Dubai
  5. UAE moves to counter Dubai fallout but markets wary
  6. Michigan auto supplier sheds pensions in bankruptcy
  7. Unemployed U.S.-born workers seek day-labor jobs
  8. Rebuff for EU in push for strong yuan

Archives --

  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
  • ©, 2008
    Fair Use Notice