Ecomomic Crisis
Daily News and Updates

Special:

  1. Expert: Obama 'spending us into poor house'

Saturday - December 31, 2011:

  1. China's factories falter, pro-growth policies eyed
  2. Spain says deficit bigger than expected, hikes taxes Reuters
  3. Deliverance or disaster in 2012?
  4. Sears Holdings Is Closing Up To 3% Of Its Struggling Kmart And Sears Stores
  5. Shoe shop chain Barratts Priceless makes 1,600 staff redundant

Tuesday - December 27, 2011:

  1. UN cuts budget for 2nd time in history

Sunday - December 25, 2011:

  1. Recession nears as UK services shrink
  2. Consumer, business spending point to slower growth
  3. Japan to enter dollar swap agreement with India

Saturday - December 24, 2011:

  1. Russian central bank cuts key rate by quarter point on lower inflation
  2. Surge in Greek and Spanish workers moving to Germany
  3. Bleak Christmas for 3,600 shop workers as Blacks signals it will go into administration

Friday - December 23, 2011:

  1. UK could face break-up within a few years
  2. UK economic growth better than forecast – but recession 'still on way'
  3. US jobless claims lowest since 2008 – but economic growth revised down

Thursday - December 22, 2011:

  1. Banks gorge on ECB loans, market cheer short-lived
  2. Gold bugs get ready for another debt ceiling debate in early 2012
  3. Osborne rocked by warning that Britain could be stripped of AAA credit rating
  4. Russian banks see record outflow of $12.3 bln in Q3

Wednesday - December 21, 2011:

  1. Outside View: A second Great Recession in 2012
  2. ECB doubles exposure to troubled euro-states
  3. MEPs call on EU commission to consider hybrid eurobonds
  4. Pension reform plans spark strikes in Belgium

Tuesday - December 20, 2011:

  1. Ratings Agency Declares that Latest EU Plan a Non Starter
  2. Euro zone IMF loan target in danger as UK declines help
  3. Germany takes Europe to the brink - economic forecast
  4. The Eurocrisis comes to America
  5. UK: Bonfire of the generals as 'top heavy' MoD cuts jobs
  6. Disposable incomes fall for the fifth year running
  7. Cut throat Christmas: Experts warn up to 3,000 stores could close in January
  8. Over-50s pick up the bill for our festive feasting as families struggle to pay for Christmas dinner
  9. Saab heads for scrapyard as long rescue quest fails

Monday - December 19, 2011:

  1. Boris: 'Bubblegum' treaty will mean the end of Euro within 12 months
  2. French credit downgrade could come 'within days'
  3. HMC hospitals to close; nearly 1,000 jobs lost

Sunday - December 18, 2011:

  1. Comprehensive euro zone deal beyond reach: Fitch
  2. New treaty in force when 9 countries have ratified
  3. French are felled by triple whammy: Now it's Sarkozy who's out on a limb as UK banks pull funds
  4. Moody’s downgrades Belgium’s credit ratings to Aa3, outlook negative

Saturday - December 17, 2011:

  1. IMF chief warns of new Great Depression
  2. Fiscal compact treaty draft likely to be ready by Christmas
  3. Deutsche Bank starts asset manager sale sources
  4. Fitch downgrades world's top banks

Friday - December 16, 2011:

  1. China’s boom ends as investment, exports, manufacturing fall
  2. US rules out eurozone bail-out, as recession looms
  3. France stokes eurozone row with call for UK credit downgrade
  4. Europe’s crisis dampens confidence in Japan
  5. UK retail sales fall signals tough Christmas ahead for high street

Thursday - December 15, 2011:

  1. European debt crisis: Optimism fades less than a week after summit deal
  2. Gold slumps stocks drop on euro worries
  3. Russian ruble continues slide vs dollar on lingering euro debt worries
  4. UK Unemployment hits 17 year high
  5. Why all signs point to chaos

Wednesday - December 14, 2011:

  1. IMF: euro rescue starts to unravel
  2. Markets pricing in new recession
  3. India Reports Sharp Contraction in Production as Exports Lag
  4. Child homelessness up 33% in 3 years

Tuesday - December 13, 2011:

  1. Euro zone fiscal pact fails to restore confidence
  2. UK recession will be 'far worse than we thought,' admit experts
  3. Inflated home sales figures from 2007-10 to be lowered
  4. Analysis: Pain may not be over for U.S. banks
  5. Britain is in the grip of an austerity crime-wave
  6. How to save your portfolio from 2012

Monday - December 12, 2011:

  1. Greece braces for troika scrutiny and creditor talks
  2. Northeast states cut heating aid to poor

Sunday - December 11, 2011:

  1. US bank warns of eurozone breakup 'pandemonium'
  2. Euro crisis US General Martin Dempsey warns of unrest
  3. Occupy plans to shut down US west coast ports
  4. The £10,000 debt burden of the average family

Saturday - December 10, 2011:

  1. CHINA: Inflation officially drops, but it is not true as China edges ever closer to a crisis
  2. Bamboo factory workers join strikes of discontent
  3. UK isolation grows as three more countries reconsider eurozone treaty
  4. Hungary: UK is alone in staying out of new EU Treaty
  5. Europe pushes ahead with fiscal union, UK isolated
  6. Asian markets fall on news of EU split
  7. Europe’s Latest Grand Plan Worries Investors
  8. U.S. retailers trim Europe plans on region's debt woes

Friday - December 9, 2011:

  1. ECB cool on more bond buying, lending to IMF
  2. France and Germany detail sweeping changes to eurozone set-up
  3. EU leaders agree on fiscal pact, ECB douses hopes
  4. French minister euro might 'explode'
  5. Ratings agencies continue bashing EU
  6. Turkey to EU - say goodbye to democracy and start printing money
  7. European Central Bank cuts key rate by quarter point
  8. European regulator says banks must raise $154 billion to steel themselves against turmoil
  9. Europeans fear debt deal could usher in crippling austerity
  10. Japan not aware of IMF $600 billion euro zone aid plan
  11. Make-or-break summit to save euro begins; ECB cuts rates
  12. Americans' net worth plummets as corporations stockpile cash
  13. IMF cuts Russia's 2011 GDP forecast to 4.1 pct from 4.3 pct
  14. Barratts administration puts 3,840 jobs at risk
  15. Report: California's middle class shrinks to below 50 percent
  16. Severstal steel giant reports 29 pct net profit drop in Q3 to $429 mln
  17. Tesco sales dip for fourth consecutive quarter
  18. The 3 big crises of 2012

Thursday - December 8, 2011:

  1. Afraid of a Recession? Move to Israel
  2. France and Germany seek support for crisis plan
  3. Economists see France losing AAA in 3 months: Reuters poll
  4. Geithner backs EU crisis plan, stresses ECB role
  5. Highest number of 'business deaths' ever as 1,170 firms a day are forced to shut down
  6. Capital requirements may force out 30 Russian banks in 2012
  7. Shanghai factory workers who make Apple, HP parts strike for 7th day
  8. 3.5m people say they will be forced to take out 'payday' loans
  9. AstraZeneca slashes 1,150 U.S. sales jobs

Wednesday - December 7, 2011:

  1. Radical eurozone shakeup could see Brussels get austerity powers
  2. Standard & Poor’s, European banks against the euro
  3. Europeans buying kroner, property, gold amid euro fears
  4. Attempts to balance budget pose state risk raters
  5. Christmas crisis on the High Street as trading slumps to lowest for six months

Tuesday - December 6, 2011:

  1. S&P warns of downgrade for entire eurozone
  2. Paris, Berlin push for EU treaty change by March
  3. The economic crisis is frightening China. New security measures to prevent social unrest
  4. A China bust looms
  5. OECD urges raising taxes on high earners
  6. Italy's welfare minister cries while announcing cuts
  7. November service sector cools, factory orders fall

Monday - December 5, 2011:

  1. Decision time for EU, with euro's future at stake
  2. Italy PM unveils sweeping austerity package
  3. Leaders at Americas talks world economy top worry
  4. Debate rises over whether Medicare pay cuts will hurt doctors’ practices, patients

Sunday - December 4, 2011:

  1. Angela Merkel and Nicolas Sarkozy meet in Paris for summit on fiscal union
  2. Central Banks Prepare to Distribute Foreign Currency at Home
  3. Fed hawks say central banks can't solve fiscal woes
  4. Italy's Monti seeks broad support for crisis measures
  5. Los Angeles faces $72 million in red ink

Saturday - December 3, 2011:

  1. Angela Merkel vows to create 'fiscal union' across eurozone
  2. ECB chief hints at more robust action
  3. Gold Prices Push Higher on ECB Action
  4. Mervyn King warns mortgage rates are likely to soar
  5. Banks Vie With Nations to Sate $2 Trillion Need Euro Credit
  6. Something's wrong with the economy

Friday - December 2, 2011:

  1. Analysis: Deal building to pump up IMF to handle Europe fallout
  2. Mervyn King warns UK banks must build financial strength
  3. The big squeeze warning over incomes as Britain goes on strike
  4. Massachusetts AG Lawsuit: Five Major U.S. Banks Accused Of Deceptive Foreclosure Practices
  5. Chavez Repatriates Gold, Offers Obama a Loan
  6. Euro Woes: Public Service Strike in UK Biggest in Decades
  7. Councils slash their home help services
  8. Families' 13 years of frozen incomes
  9. Many American families running on financial fumes

Thursday - December 1, 2011:

  1. Bombshell! S&P downgrades 37 global banks
  2. Secret Fed Loans Gave Banks $13 Billion Undisclosed to Congress
  3. As China’s govt cheats, its economy is “on the brink of bankruptcy”, Chinese scholar says
  4. Day the world's banks wobbled
  5. World central banks act to prevent fresh credit crunch
  6. Eurozone Exits 'May Spark Global Depression'
  7. Chinese official Eurozone collapse would be a 'disaster'
  8. Chancellor plans two MORE years of cuts
  9. Ratings Firms Misread Signs of Greek Woes
  10. ITALY: IMF funds, sovereign debt and sovereignty
  11. Slovakia in state of emergency after mass-resignation of doctors
  12. Inflation Fears Easing, China’s Central Bank Turns to Lifting Growth
  13. Toshiba to close chip plants as demand slides

Archives --

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