Ecomomic Crisis
Daily News and Updates

Sunday - February 28, 2010:

  1. IMF chief proposes new reserve currency
  2. Interest rates will go up soon; Fed moves
  3. Federal Reserve talk belies likely action on money supply
  4. Foreign investment in Russia down 21% to $82 bln in 2009
  5. Two banks close, total hits 22

Saturday - February 27, 2010:

  1. City worker layoffs possible in Las Vegas
  2. Health insurance hikes stun small businesses
  3. Judge orders back pay for some furloughed state workers
  4. Housing Recovery Is Looking A Lot Shakier Than Expected
  5. Some NYC commuters to lose transit
  6. Montreal - Davie Yards to lay off 1,590
  7. BBC to shut part of website in bid to cut costs
  8. Taking The 'R' Out Of BRIC

Friday - February 26, 2010:

  1. Blockbuster to close 500 stores
  2. Nearly a quarter of residential mortgages 'underwater' at end of 2009
  3. Trades in Greek Debt Add to Country’s Financing Burden
  4. UK may not have emerged from recession after all
  5. British Gas announces profits are up by 58%.... but heating bills continue to soar
  6. RBS posts a loss of £3.6bn but defends £1.3bn bonus payout

Thursday - February 25, 2010:

  1. World trade falls by 12 percent in 2009
  2. Home purchase loan demand at lowest since 1997
  3. New home sales drop 11 percent in January, new low
  4. Freddie Mac losses mount, warns of foreclosures
  5. Kansas City considers closing 31 of 61 schools
  6. Tax hike rejected, layoffs loom in Troy
  7. Senators Propose Big Corporate Tax Cut
  8. Clashes as workers strike in Athens
  9. Insurer handed out bonuses, planned huge rate increase
  10. RBS bankers in line for £1_3bn bonuses as UKFI gives green light
  11. Senate easily approves jobs bill; House passes health-insurance antitrust bill
  12. Senate passes jobs package, eyes next round

Wednesday - February 24, 2010:

  1. Debt problems: US to face own version of Greek crisis
  2. Greek tragedy is just the first act
  3. Doomsday Predictions Tax Illinois
  4. Ill. village may shut down its government
  5. Troubled banking industry sharply reduced lending in 2009
  6. U.S. consumer confidence falls 11 points
  7. Greenspan U.S. recovery extremely unbalanced
  8. Sears Holdings Plans To Close 21 Stores By Spring
  9. MTA to cut more than 1,000 positions
  10. Continental Eliminating 600 Call Center Jobs
  11. Nearly 20 percent of U.S. workers underemployed
  12. Mervyn King Quantitative easing may have to restart
  13. CHINA: Beijing to continue stimulus in 2010 to help Chinese enterprises
  14. Wall Street bonuses top $20bn

Tuesday - February 23, 2010:

  1. Debt Deals Haunt Europe
  2. Greece misses EU deadline on currency swaps
  3. Reports put Greek bail-out at €25bn
  4. More generations living under same roof
  5. One-day strike at Lufthansa to affect schedules for days
  6. Taiwan’s economy grows at a healthy rate thanks to the mainland

Monday - February 22, 2010:

  1. NYT: Millions face years without jobs
  2. GM CEO Whitacre receives $9M pay package
  3. Now it's your turn to give up £2.25m bonus Lloyds boss told
  4. Strip middle-class students of subsidised tuition fee loans, demands Oxford University

Sunday - February 21, 2010:

  1. Bad economies in states to worsen governors
  2. Banks in Calif., Ill., Fla., Texas are shut down
  3. Struggling towns printing their own cash
  4. Core consumer price index fell 0.1% in January, the first drop since 1982
  5. Oil prices up 12 percent in 2 weeks

Saturday - February 20, 2010:

  1. Deficit panel can be candid: Budget cuts will hurt
  2. Economy forces states to reduce Medicaid spending
  3. In D.C., more evidence that commercial real estate headed for foreclosure crisis
  4. January wholesale prices jump 1.4 percent
  5. L.A. City Council orders 3,000 more job cuts
  6. Mortgage delinquency rate slows in fourth quarter
  7. Working Without a Standard Playbook, the Fed Plans Its Moves on Rates
  8. Foreign demand falls for Treasuries

Friday - February 19, 2010:

  1. Jobless Claims, Inflation Jump as Economy Wobbles
  2. Mortgage lending slumps to 10-year low as stamp duty holiday comes to an end
  3. New Foreclosure Cases Hit Record In Ohio
  4. S.C. pol wants to ban U.S. currency
  5. UK government posts first January borrowing on record
  6. Va_, Md_ governors pledge to create jobs but lack money and power to do so
  7. White House crafts jobs bill, a year into stimulus effort
  8. Fantasy jobs - Obama's 'faith-based economics'
  9. Is 'stimulus' creating more jobs - or more debt?

Thursday - February 18, 2010:

  1. Lone voice warns of debt threat to Fed
  2. Goldman Sachs, Greece Didn’t Disclose Swap Contract
  3. Japan passes China as largest holder of U.S. Treasuries
  4. The final chapter for Reader's Digest?
  5. Dollar Up as Europe Reels
  6. U.K. Unemployment Claims Jump to Highest Since 1997
  7. Unemployment claimant count rises again

Wednesday - February 17, 2010:

  1. Foreign demand for US debt drops by record amount
  2. U.S. looks to reluctant foreign investors to help fund the housing market
  3. Airlines canceling flights to save costs
  4. Australian economist warns of housing bubble
  5. Brussels threatens to widen net on currency swaps
  6. Barclays hands out £1.5bn in cash bonuses as bank's profits soar by 92% to record £11.6bn
  7. 'Impressive' Teva 2009 figures meet market estimates
  8. L.A. budget crisis threatens jobs, credit rating
  9. Mervyn King blames 'short-term' inflation rise on VAT and petrol prices

Tuesday - February 16, 2010:

  1. Eurostat to Look Into Greece's Debt Swaps
  2. Consumer Price Index Down 0.7%

Monday - February 15, 2010:

  1. Top economists warn that Britain's economy is at risk
  2. Wall St. Helped Greece to Mask Debt Fueling Europe’s Crisis
  3. Refinancing unavailable for many borrowers

Sunday - February 14, 2010:

  1. Greek crisis A cautionary tale for the USA
  2. Pending closure of Toyota plant in California protested
  3. California and its cities fight over fines
  4. Obama signs bill allowing more US debt
  5. Will European nations bail each other out?

Saturday - February 13, 2010:

  1. Angela Merkel dashes Greek hopes of rescue bid
  2. German economic recovery falters
  3. Greek slump threatens debt plan, EU aid elusive
  4. Euro continues to fall as EU fails to agree Greece rescue plan
  5. Collapse of the euro is 'inevitable'
  6. Barclays to reignite bonus row with £2.3bn payout to investment bankers
  7. Dem's jobs bill 'gimmicky,' full of pork
  8. House Dems offer mixed signals on Senate jobs bill
  9. Russia raises 2010 budget deficit forecast to 7.2% of GDP
  10. Washington home electronics staple MyerEmco pulls plug after more than 50 years

Friday - February 12, 2010:

  1. Dozens of Detroit public schools to close
  2. Citi to let distressed homeowners stay for 6 mos.
  3. Help on Greece debt crisis removes immediate threat to EU economy
  4. Krugman: Bush's deficit bad, Obama's deficit good
  5. Reid says bipartisan jobs bill needs work
  6. Repossessions hit 14-year high as 46,000 lose their homes
  7. Unilever threatens to pull out of Britain over rising taxes
  8. Welcome to boarded-up Britain: One in eight shops now stand empty

Thursday - February 11, 2010:

  1. U.S. Economy: Trade Gap Unexpectedly Rises on Imports
  2. Birmingham city council to cut up to 2,000 jobs and close care homes
  3. Greece's economic crisis could signal trouble for its neighbors
  4. Q&A: Greece's financial crisis explained
  5. Ritz-Carlton to close 5-diamond Las Vegas hotel in May
  6. Riot police fire tear gas on protesters in Athens as EU plans Greek bailout
  7. JAPAN Car industry reeling, Honda and Toyota recall millions of vehicles
  8. Sprint revenue misses expectations, shares fall

Wednesday - February 10, 2010:

  1. 1-2 punch: Bernanke and the debt ceiling
  2. US can't grow its way out of deficit
  3. VAT Trap: The inevitable fix for the deficit
  4. The bankrupt PIGS of Europe
  5. DHS cost-cutting could include 200 jobs, union says
  6. UPS Plans to Furlough at Least 300 Pilots
  7. Vauxhall said it would cut 8,300 jobs in total across Europe
  8. Greece hikes pension age, calls for bonus cuts
  9. Europe Could Face Years-Long Debt Grind
  10. Home loan modifications denied for reasons now prohibited
  11. American Airlines to charge $8 for blankets, pillows
  12. German seniors on trial for kidnapping their banker

Tuesday - February 9, 2010:

  1. Super-wealthy investors move billions out of Greece
  2. No Job Growth for Small Business Spurs Recovery Doubt
  3. Rash of retirements pushes Social Security to brink
  4. White Cliffs of Dover to be sold to the French to help reduce Government's debt
  5. Thousands to lose jobs as universities prepare to cope with cuts
  6. Universities face slashing 15,000 jobs and raising entry standards after Mandelson's £499m cut
  7. Unemployment up 1.8% to 2.2 mln in Russia

Monday - February 8, 2010:

  1. Chicago transit cuts take effect
  2. G7 wants banks to pay for rescue, details pending
  3. G7 talk on Greece will not soothe global investors
  4. Headteachers say Labour's £1bn cuts will 'decapitate' schools

Sunday - February 7, 2010:

  1. Confused? So are the markets
  2. Debt crisis unsettles European economy
  3. Investment strategist forecasts events that could affect the economic recovery
  4. Minnesota bank fails, bringing 2010 tally to 16
  5. US food stamps set ever-higher record: 32.8 million

Saturday - February 6, 2010:

  1. Fears of 'Lehman-style' tsunami as crisis hits Spain and Portugal
  2. LA mayor lays off 1,000 employees in budget crisis
  3. Overseas markets respond to U.S. jobless claims, fear of E.U. economic woes
  4. Sovereign Debt Worries Send Wall Street Lower
  5. Republican lawmaker's budget plan gets Obama's attention
  6. Share tumble and pound plummets as crisis looms for the Eurozone
  7. British Airways unveils £342m losses as airline heads for its worst year ever
  8. Walsh upbeat about averting strike as BA posts surprise profit
  9. Insolvency figures hit record high

Friday - February 5, 2010:

  1. Stocks drop on joblessness, debt worries
  2. Initial Jobless Claims in U.S. Unexpectedly Climbed
  3. Pennsylvania Capital Harrisburg Has Bankruptcy Option
  4. House faces tough vote on $1_9 trillion more debt
  5. Asian Stocks, Currencies Fall on Outlook for Economic Recovery
  6. Bank of England halts quantitative easing
  7. Berkshire Cuts 3,000 Jobs After Demand Falls for Carpet, Bricks
  8. Shell to axe 1,000 more jobs
  9. Insurer Aetna cuts another 625 jobs, cites economy
  10. Tight times put gravel on the road
  11. Could this be the end of the RAF?
  12. Democrats Sketch Outline of Jobs Plan
  13. Moody’s warns US of credit rating fears
  14. Interest rate 'to stay at 0.5% until 2011' as bank suspends £200bn money printing scheme
  15. MasterCard Profit Jumps on Higher Fees
  16. MoD plans cuts in senior army and civilian posts

Thursday - February 4, 2010:

  1. 824,000 Jobs will disappear on February 5th
  2. Currency collapse in America's future
  3. Treasury expects to hit debt limit in February
  4. Can't pay home loan Should you walk away from mortgage
  5. Dodd Calls Obama’s Bank Reform Plan Too Ambitious
  6. More consumers pay credit card before mortgage study
  7. Jobs of half million Russians under threat - deputy premier
  8. BofA approved more than $4 billion for 2009 pay
  9. Britain faces the £5,000 energy bill and the prospect of blackouts, warns regulator

Wednesday - February 3, 2010:

  1. Rising FHA default rate foreshadows a crush of foreclosures
  2. Study 1 in 8 get help at food banks
  3. Unemployment rises in most metro areas
  4. AIG plans to pay about $100 million in bonuses
  5. Jim Jubak Can China's consumers energize the global economy?
  6. Obama budget could see fees imposed on banks
  7. Shadowed by deficits, Obama pitches economic plan
  8. Treasury to lose millions as City minister admits high earners will dodge 50p tax rate

Tuesday - February 2, 2010:

  1. State of the Union just got worse
  2. Swiss warn UBS bank could collapse
  3. Exxon posts lowest annual profit since '02
  4. Mounting fears over Greek economy
  5. Obama's 2010 budget deficit soars amid job spending
  6. White House budget would kill $38.8B in tax breaks for oil, gas and coal industry
  7. Gibbs Cost of Obama's jobs push in range of $100B
  8. Silverdome's bargain price reflects financial woes in Detroit suburb of Pontiac
  9. Goldman Sachs and the $100 million question
  10. States keep up spending levels
  11. The map is not the land
  12. University teaching budgets slashed

Monday - February 1, 2010:

  1. Thune No bailout funds for jobs bill
  2. U.S. bank bailout encourages risky behavior watchdog
  3. Volcker Stop big bank risk-taking
  4. Eurozone unemployment rate hits 10%
  5. As Davos forum ends, leaders point to economic recovery

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