Ecomomic Crisis
Daily News and Updates

Monday - February 28, 2011:

  1. NationalJournal_com - Governors Reject Bankruptcy Idea For States
  2. U.S. governors fret over budget trims
  3. Christie vows rollbacks for N.J. employees
  4. Wisconsin budget battle touches all 50 states

Sunday - February 27, 2011:

  1. ECB's Draghi says must watch inflation threat
  2. Busting unions will 'wake sleeping giant,' local boss says
  3. Water bills set to rise above £500 a year as prices rocket by up to 8 per cent

Saturday - February 26, 2011:

  1. Economy grew more slowly than first thought in fourth quarter
  2. Food costs will increase 4% in 2011, USDA says in raising its projection
  3. Manufacturing's dismal decade
  4. NEC cuts profit forecast by 40 pct, IT business drags
  5. Freddie Mac seeks $500 mln more from taxpayers Reuters
  6. Wisconsin schools gird for state aid cuts

Friday - February 25, 2011:

  1. New home sales drop 12.6 percent in January

Thursday - February 24, 2011:

  1. Despair for first-time buyers as new mortgage lending stays near two-year low
  2. JAPAN: First trade deficit in almost two years for Japan
  3. NHS to lose 50,000 jobs, including doctors and nurses

Wednesday - February 23, 2011:

  1. CHINA: Manufacturing growth slows down as inflation speeds up
  2. Detroit to eliminate half of public schools
  3. Existing home sales overcounting minor NAR
  4. Video Wis. governor Vote or I may lay off 1,500
  5. Wal-Mart says needs more time to fix U.S. missteps

Tuesday - February 22, 2011:

  1. House prices to fall '20% in two years'- Joblessness and spending cuts stifle demand
  2. Russia cannot raise taxes for fear of slower growth: Kudrin
  3. The real G20 crisis

Monday - February 21, 2011:

  1. Congress, Obama brace for showdown as government shutdown looms
  2. UK inflation: Hold tight, it is going to be a bumpy ride
  3. Wis. governor says alternative is layoffs

Sunday - February 20, 2011:

  1. GOP says U.S. on path to 'fiscal ruin'
  2. Irish deposit sales cause ECB borrowing spike source
  3. Up to Portugal to convince markets: ECB's Trichet
  4. G20 ministers fudge deal on imbalance indicators
  5. Geithner points to China yuan spillover to others
  6. Russia's 7% inflation target in 2011 could be 'tough': finance minister
  7. UK: Uncut protesters target Barclays over tax avoidance

Saturday - February 19, 2011:

  1. Obama budget plan shows interest owed on national debt quadrupling in next decade
  2. Banks told to test for 11% unemployment report
  3. ECB borrowing spike intensifies bank speculation
  4. China raises bank reserves to record in inflation fight
  5. CHINA: Yuan value continues to rise. Increase in gold imports
  6. Chinese stance throws G20 indicator deal into doubt
  7. Global regulators split over derivatives trading
  8. NHS hospitals begin axing frontline staff despite government pledge

Friday - February 18, 2011:

  1. Consumer prices show inflation turning up
  2. Consumer prices increase 0.4% in January as energy and grocery store food prices rise
  3. Obama budget plan shows interest owed on national debt quadrupling in next decade
  4. Councils pay freeze announced
  5. War of words breaks out over interest rates at the MPC

Thursday - February 17, 2011:

  1. Food prices hit dangerous levels - World Bank chief
  2. Borders files for Chapter 11 bankruptcy; 4 Michigan stores among 200 to close
  3. Bank of England governor talks down prospect of early interest rate rise
  4. Global stocks rise; sterling up on rate view
  5. Producer prices up, inflation still seen muted

Wednesday - February 16, 2011:

  1. Bank of England downgrades growth forecast and warns of interest rate hike by spring
  2. Chinese inflation hits 4.9% pushed by high food prices
  3. CHINA: Food and housing prices push up inflation
  4. Consumer Prices on Most Goods Expected to Rise in 2011
  5. Despite red ink, some governors push big tax cuts for businesses
  6. Deutsche Boerse unveils NYSE mega-exchange deal
  7. EU ministers to double lending power of bail-out fund
  8. Feeling the pinch- Over 50s being crippled by triple whammy of unemployment, dire saving rates and high inflation
  9. France wants new global finance system
  10. High Street's battle for survival as one in three shops is boarded up
  11. Police layoffs make crime-plagued Camden all the worse

Tuesday - February 15, 2011:

  1. Bank of England gets it wrong again as inflation rises steeply
  2. Chinese economy overtakes Japan
  3. Housing Crash Is Hitting Cities Thought to Be Stable
  4. Clothing prices to rise 10% starting in spring
  5. Auto Windscreens falls into administration threatening 1,100 jobs
  6. Obama’s Budget Focuses on Path to Rein in Deficit
  7. Rural post offices put on notice in face of DIY digital age

Monday - February 14, 2011:

  1. G20 sees two steps to tackling global imbalances EU

Sunday - February 13, 2011:

  1. Greece slams 'unacceptable' EU-IMF asset sale call
  2. Kasich (Gov.) ending bargaining for state workers
  3. Middle class has 'not taken on board' how hard cuts will hit them warns Clarke as he risks more Downing Street wrath

Saturday - February 12, 2011:

  1. US trade deficit widened by 33% in 2010
  2. House prices fall as first-time buyer numbers plummet
  3. Obama to propose ending Fannie, Freddie
  4. Senator warns that deficit will bring a collapse
  5. Those moving home hits lowest-ever level as housing market grinds to a halt

Friday - February 11, 2011:

  1. Bernanke warns against steep budget cuts
  2. Greek unemployment hits new high, as protests continue against austerity measures
  3. House Republicans deepen spending cuts
  4. Mortgage approval rates plummet again in wake of credit crunch
  5. Russia's Bank of Moscow must be privatized via auction - minister
  6. U.S. home foreclosures rise in January

Thursday - February 10, 2011:

  1. Challenging Obama, House GOP calls for deep cuts
  2. CHINA: Cost of money rising as yuan inches closer to highest point in 17 years
  3. LSE tie-up with Toronto pressures other exchanges
  4. Deutsche Boerse, NYSE in talks as merger frenzy grips
  5. Lawmakers pound public pensions, fear bailouts
  6. UK trade deficit hits record £9.2bn
  7. Indonesia to boost rice stocks, highlights global food fears
  8. WikiLeaks cables: Saudi Arabia cannot pump enough oil to keep a lid on prices

Wednesday - February 9, 2011:

  1. China raises rates to battle stubbornly high inflation
  2. Ireland faces jobless recovery, says report
  3. Continental Airlines to lay off hundreds of employees in Houston
  4. Debt rating agencies sending right message... at wrong time
  5. EU officials must slash expenses, Brussels warns
  6. Group Protests State Park Closure
  7. Netanyahu to Combat Price Hikes
  8. No budget Armageddon in Texas Governor Perry
  9. Regulators seek to foil moves to undermine pay reform

Tuesday - February 8, 2011:

  1. General strike threatened over basic goods price hikes

Monday - February 7, 2011:

  1. Ireland gets 3.6 billion euros from rescue fund source
  2. Police cuts will mean 10,000 fewer officers, says Labour
  3. Protests as Bangladesh stocks plunge nearly 6%

Sunday - February 6, 2011:

  1. GOP says U.S. debt 'unsustainable'

Saturday - February 5, 2011:

    No real news to report this morning.

Friday - February 4, 2011:

  1. Bernanke warns of catastrophe if debt limit not raised
  2. Food costs at records, no let up on prices - FAO
  3. Unilever warns of price rises as food costs soar
  4. Outside View: Jobs drought continues with little relief in sight
  5. S&P says no plans to cut U.S. rating in medium term
  6. UK: Brutal budget cuts 'could leave parts of the country with NO public transport'
  7. Middle-classes face £4bn tax bombshell thanks to Clegg's plans to slash taxes for the low paid

Thursday - February 3, 2011:

  1. The buck stops here? Virginia eyes switching off dollar ...
  2. Why does Fresno have thousands of job openings - and high unemployment?
  3. Ireland downgraded, with economy to dominate election battle
  4. AOL revenue down 26 percent with ad struggles
  5. Sugar soars to 30-year high on Cyclone Yasi
  6. Oil Trades Near 28-Month High as Egypt Riots Add ‘Risk Premium’
  7. Moody's downgrades five Egyptian banks
  8. Toyota offers buyouts to California employees

Wednesday - February 2, 2011:

  1. Joblessness, rising prices could spark war within
  2. Age of the part-timer- 200,000 jobs were created last year; Only 3 per cent were full-time
  3. Car sales drop 21_5 per cent in Japan
  4. Keep British jobs for British graduates! Ministers to impose controls on foreign students
  5. Pfizer to Cut Research, Shut Plants in Savings Effort

Tuesday - February 1, 2011:

  1. Oil Trading Hits Record Levels
  2. Support grows for lengthening Greek debt payback
  3. How 750,000 people will be dragged into paying 40% income tax... and families with children will bear the brunt
  4. Middle Britain's tax rates 'could rise to 83%'

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