Economic Crisis
Daily News and Updates

Monday - December 31, 2012:

  1. SOUTH KOREA: Seoul, government lowers economic forecasts for 2013

Sunday - December 30, 2012:

  1. Obama, lawmakers meet over fiscal cliff
  2. Obama 'optimistic' fiscal cliff deal can be reached
  3. Spain's property prices could slump by 50 per cent with British holiday homes worst hit

Saturday - December 29, 2012:

  1. Senate leaders to make last-ditch fiscal cliff effort
  2. Obama, Congress prepare for the cliff
  3. Greek banks need €40.5 billion injection
  4. Molten gold signals Mother Lode revival

Friday - December 28, 2012:

  1. US Treasury warns of 'extraordinary measures' amid fiscal cliff deadlock

Thursday - December 27, 2012:

  1. Fiscal cliff Barack Obama cuts short Christmas holiday to tackle crisis
  2. Shoppers disappoint retailers this holiday season

Wednesday - December 26, 2012:

  1. Around 140 retail chains 'could fail in 2013'
  2. Lawmakers play waiting game with 'fiscal cliff' deadline in sight
  3. US stock markets fall again as prospect of fiscal cliff deal recedes

Tuesday - December 25, 2012:

  1. Barack Obama 'eager' to fall off fiscal cliff, says senior Republican senator
  2. Number of homeless families in B&Bs on the rise

Monday - December 24, 2012:

  1. Banking: thousands of customers switch their accounts out of the big five
  2. Christmas food handouts double as millions face 'financial precipice'
  3. Christmas Shopping: High street braced for the invasion of the bargain snatchers

Sunday - December 23, 2012:

  1. All major US stock markets fall after fiscal cliff talks reach impasse
  2. Standard & Poor's downgrades Cyprus
  3. Charity's insolvency leaves homeless people without support
  4. Analysis: Apple's swoon exposes risk lurking in mutual funds
  5. RIM shares dive as fee changes catch market off guard

Saturday - December 22, 2012:

  1. Boehner abandons fiscal cliff plan as GOP balks
  2. UK economic growth revised down for third quarter 2012

Friday - December 21, 2012:

  1. US 'fiscal cliff' talks turn sour, Obama threatens veto
  2. Economy shows some muscle, but outlook downbeat
  3. Commission backs latest tranche of €39 billion Spanish bank rescue
  4. IntercontinentalExchange to buy NYSE for $8.2B
  5. Candanian Auto Wrks Pres Lewenza Shocked GM Moves Chevy Camaro Production From Oshawa To Michigan

Thursday - December 20, 2012:

  1. Global jobs crisis recovery to 'take five years' - UN
  2. UBS to pay $1.5 billion over rate-rigging scandal

Wednesday - December 19, 2012:

  1. Draghi says EU bank union to break 'vicious' circle
  2. Draghi says ECB to supervise 130-150 banks
  3. Cameron British EU exit is 'imaginable'
  4. Comet closes for good Taxpayer left with £50m bill as final stores shut their doors today
  5. Families hit after supermarkets hike 'budget' food prices by as much as 110% in just a year
  6. Obama concessions signal potential fiscal cliff deal

Tuesday - December 18, 2012:

  1. German government says banking supervisor in line with EU law
  2. U.S. and EU economies would benefit from a free trade pact
  3. High energy costs push Britons into poverty

Monday - December 17, 2012:

    Nothing to report this morning.

Sunday - December 16, 2012:

  1. EU keeps on bleeding jobs
  2. Christmas Sales 2012: Struggling stores slashing prices by up to 80 per cent

Saturday - December 15, 2012:

  1. Britain's triple AAA credit rating comes under threat as Standard & Poor's puts UK on 'negative watch'
  2. Democrats Declare Checkmate in Fiscal Cliff Debate
  3. Local officials grapple with threat of 'fiscal cliff'
  4. EU summit lays out next steps for banking union
  5. MEPs land deal to limit bankers’ bonuses
  6. Britain opts out of banking union to focus on single market
  7. Russia to Merge Central Bank, Markets Service in Two Years
  8. China, U.S. factory data improves, global risks remain

Friday - December 14, 2012:

  1. Europe deepens union with ECB as chief bank watchdog
  2. Banking deal boosts EU leaders in fighting crisis
  3. Key House Conservatives We Won't Budge on Taxes
  4. Eurogroup Approves $64 Bln Greek Bailout Payment
  5. Two more years of pain for families, says Bank of England boss Spencer Dale
  6. Better-off families are changing eating habits and shopping for bargains as they struggle to make ends meet

Thursday - December 13, 2012:

  1. EU budget agreed after MEPs settle for €3_8bn spending hike
  2. Ministers hoping to bridge divide on EU banking supervision
  3. Serious differences remain as US fiscal cliff, talks drag on
  4. Federal Reserve to spend $45B a month to buy bonds, links rate hike to 6.5 pct. unemployment
  5. Request immediate EU bailout - El Pais tells Rajoy
  6. 180 economists oppose tax hike

Wednesday - December 12, 2012:

  1. ‘Cliff’ Plans Exchanged; Reid Says Deal Unlikely Before Christmas!
  2. Italian stock market takes huge hit as 2% is wiped off
  3. Weak exports, imports signal tepid economic growth
  4. World risks fresh credit bubble, Switzerland's BIS warns

Tuesday - December 11, 2012:

  1. EU sets out detailed map for euro zone's overhaul
  2. Banking union The German way or no way
  3. Europe backs Monti reforms as Italy crisis hits markets
  4. JAPAN: Tokyo slides into recession
  5. Tax Arithmetic Shows Top Rate Is Just a Starter

Monday - December 10, 2012:

  1. IMF chief Christine Lagarde warns US of worldwide effects of fiscal cliff
  2. As fiscal cliff nears, market complacency sets in
  3. 'Fiscal cliff' negotiations just a first move in tax code overhaul
  4. GOP senator says pain of entitlement reform will be widespread
  5. US consumer borrowing rises to record $2.75T

Sunday - December 9, 2012:

  1. Blow for Eurozone recovery hopes as Bundesbank slashes German growth forecast
  2. Flatlining economy leads to paralysis in jobs market, housing
  3. UK on triple-dip recession alert after industrial slowdown

Saturday - December 8, 2012:

  1. Democrats Hint at Entitlement Program Cuts in U.S. Budget
  2. 'Dire' manufacturing data pushes UK closer to triple-dip recession
  3. ECB rate cut possible following serious debate
  4. Eurozone needs a 'shock absorption' fund
  5. Greece overtakes Spain to have the highest level of unemployment in Europe

Friday - December 7, 2012:

  1. Fitch warns Osborne's debt slip could see AAA credit rating downgraded
  2. How to Prepare for the Coming Gold Crunch

Thursday - December 6, 2012:

  1. Both sides dig in on fiscal cliff, but nothing going on
  2. Citigroup cutting 11,000 jobs, taking $1 billion in charges

Wednesday - December 5, 2012:

  1. Cash-rich banks still won't lend to families and firms despite borrowing £4.4bn from Bank of England
  2. ESM bank bailouts will not happen soon, says Schaeuble
  3. Spain to get bank bailout next week
  4. ObamaCare impacting education
  5. Outside View Soaking the rich won’t solve much

Tuesday - December 4, 2012:

  1. Eurozone crisis as it happened: Greece launches debt buyback scheme
  2. In Saudi Arabia, unemployment and booming population drive growing poverty

Monday - December 3, 2012:

    Nothing to report on this morning.

Sunday - December 2, 2012:

  1. Eurozone bailout funds downgraded over France
  2. Welfare state has ballooned to over 12 times its original size

Saturday - December 1, 2012:

  1. ECB wants control over all eurozone banks
  2. GOP calls White House cliff offer a non-starter
  3. McConnell 'Burst Into Laughter' as Geithner Outlined Obama's Plan
  4. John Boehner 'no substantive progress' made with White House on fiscal cliff
  5. Leave fairy world behind, Draghi tells euro zone
  6. Christine Lagarde to back IMF payment only after Athens buys back debt
  7. Greek revenues to go to separate account, says German finance minister
  8. Barclays investment bank revamp could mean staff cuts
  9. Banks are accused of not being as strong as they claim and hiding £60bn black hole from investors
  10. BoE urges UK banks to boost capital
  11. Banks' overdraft rates hit record levels of nearly 20% crippling thousands of customers
  12. Hospitals will see massive layoffs, decline in 2013
  13. Veropharm Nine-Month Profit Down 20%

Archives --

  • November 2012
  • October 2012
  • September 2012
  • August 2012
  • July 2012
  • June 2012
  • May 2012
  • April 2012
  • March 2012
  • February 2012
  • January 2012
  • December 2011
  • November 2011
  • October 2011
  • September 2011
  • August 2011
  • July 2011
  • June 2011
  • May 2011
  • April 2011
  • March 2011
  • February 2011
  • January 2011
  • December 2010
  • November 2010
  • October 2010
  • September 2010
  • August 2010
  • July 2010
  • June 2010
  • May 2010
  • April 2010
  • March 2010
  • February 2010
  • January 2010
  • December 2009
  • 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
  • © Laymanswatch.com, 2008
    Fair Use Notice
    BACK