Economic Crisis
Daily News and Updates

Wednesday - February 27, 2013:

  1. Asian markets fall, but its not all Italy’s “fault”
  2. Eurozone crisis as it happened: Italian political deadlock sends markets tumbling
  3. Exclusive: Goldman to begin fresh round of job cuts
  4. President Obama, at Va. shipyard, blames GOP for sequester stall

Tuesday - February 26, 2013:

  1. WH 'Sequester' cuts would ravage state programs; GOP WH in PR stunt
  2. Coburn, McCaskill Say Sequester Likely To Kick In

Monday - February 25, 2013:

  1. 11 states with more people on welfare than employed
  2. Spain's 'tide of citizens' take to the streets in protest

Sunday - February 24, 2013:

  1. Eurozone recession to continue in 2013
  2. Moody's strips Britain of triple-A rating in major blow to Osborne
  3. George Osborne under pressure as Britain loses AAA rating for first time
  4. Governors: Looming cuts threaten economic gains
  5. US air travel delays loom after sequester
  6. Why is Wal-Mart worried Payroll tax could cut consumer spending? (+video)

Saturday - February 23, 2013:

  1. EC admits recession will be deeper than feared
  2. Fed unlikely to curtail stimulus despite rising doubts
  3. Markets on edge as Fed officials differ on bond-buying
  4. Analysis: Global central banks will keep taking it easy

Friday - February 22, 2013:

  1. Chasm opening between weak French and strong German economies
  2. Eurozone crisis as it happened French economy worsens as Germany powers ahead
  3. Commission to cut French growth rate

Thursday - February 21, 2013:

  1. China January FDI falls, reflects global firms' caution, cheaper rivals
  2. EU executive gets national budget vetting powers
  3. G20 currency truce shortlived as Japan mulls foreign bond buys
  4. Insight: Rome will burn, regardless of Italian election result
  5. John Boehner Sequester Is Product Of Obama's 'Failed Leadership'
  6. Panetta notifies Congress of worker furlough if cuts occur
  7. Services lay out sweeping state-by-state spending cuts
  8. Review team concludes Detroit's liabilities exceed $14 billion
  9. Thousands of Greeks rally in anti-austerity strike
  10. HMV administrators axe another 464 staff and 37 stores

Wednesday - February 20, 2013:

  1. Obama puts fresh pressure on Republicans to avert spending cuts
  2. Simpson, Bowles propose $2.4 trillion U_S_ deficit reduction
  3. EU seeks deal on fixed-salary cap for bankers' bonuses

Tuesday - February 19, 2013:

  1. France's economic problems 'underestimated'
  2. Parliament chief signals EU budget battle
  3. Russian Banks Need $100 Bln Extra Capital – Central Bank

Monday - February 18, 2013:

  1. Retailers that should be shutting stores

Sunday - February 17, 2013:

  1. Elderly 'in danger' as fuel oil bills jump 20 per cent leaving rural families £400 out of pocket

Saturday - February 16, 2013:

  1. Senate Democrats offer plan replacing automatic budget cuts
  2. Surprise UK retail sales drop fuels triple-dip recession fears
  3. Argentine inflation up, presaging hardship for consumers and labor
  4. The third stage of economic grief

Friday - February 15, 2013:

  1. Euro zone economy falls deeper than expected into recession
  2. Eurozone crisis as it happened: Germany drives region deeper into recession
  3. Camden council plans to move 761 poor families from London
  4. Virginia cuts part-time state workers hours in response to Obamacare
  5. Thomson Reuters to cut 2,500 jobs
  6. Economist Obama using ‘abracadabra budgeting’

Thursday - February 14, 2013:

  1. 10 big worries about this market
  2. Bank set to downgrade economic growth forecasts AGAIN as inflation eats away at household spending power
  3. UK set for low GDP growth for at least two years, Bank of England warns
  4. Currency fears spread in Latin America
  5. Food prices rise three times faster than wages as the cost of living 'crisis' continues
  6. Republic collapses into administration – putting 2,500 jobs at risk
  7. Retail sales growth slows as higher taxes kick in
  8. U_S_ Army Gen. Ray Odierno warns against sequester cuts
  9. ‘Obama thinks free enterprise is cause of problems’

Wednesday - February 13, 2013:

  1. Deal near on eurozone economic governance laws, says Rehn
  2. Pentagon urges delay in devastating $46 billion budget cuts
  3. Barclays vows fresh course, axes 3,700 jobs
  4. G7 warns of currency war risks

Tuesday - February 12, 2013:

  1. Barclays to close tax avoidance unit resulting in 2,000 job losses

Monday - February 11, 2013:

  1. Somber warnings from proven prophets

Sunday - February 10, 2013:

  1. EU leaders urge MEPs to back skeletal budget
  2. EU leaders throw weight behind US trade talks
  3. Obama Warns of Threats to Thousands of Jobs
  4. White House warns of damaging sequestration spending cuts
  5. Tight budget may force Pentagon to cut forces general
  6. Venezuela sharply devalues its currency
  7. Detroit police commanders get bonuses as cuts hit city workers

Saturday - February 9, 2013:

  1. Breakthrough at EU budget summit
  2. Ireland to get bailout tranche
  3. Currency Wars Return, 1930s Style. Who Will Lose Out?
  4. EU leaders agree to push for U.S. trade deal
  5. Richer regions to get extra EU aid due to eurozone crisis
  6. Fewer home owners than 25 years ago. Millions frozen out of property market as cost of buying a home soars
  7. Gallup: 30% of small-business owners fear closing in 2013
  8. Obama open to big deal on budget, but wants revenues
  9. World food prices stable, low stocks pose risk of spikes U.N.

Friday - February 8, 2013:

  1. Administrators confirm HMV is to close 66 loss-making stores and axe 930 jobs in 'devastating blow' for staff

Thursday - February 7, 2013:

  1. More cuts needed for EU budget deal, says Germany
  2. Fitch Revises Netherlands’ ‘AAA’ Rating Outlook to Negative
  3. IFS warns UK will borrow £64bn more than expected by 2015
  4. Monte Paschi puts derivatives loss at 730 million euros
  5. JC Penney 'Valentine's Day Massacre' coming
  6. RBS fined £390m for 'widespread misconduct' in Libor-rigging scandal
  7. USPS announces Saturday service cuts in effort to slash costs

Wednesday - February 6, 2013:

  1. China OKs sweeping tax reforms to tackle inequality
  2. China’s economic data draw sharp scrutiny from experts analyzing global trends
  3. Almost 26 million jobless in the EU
  4. Germany and Britain move ahead on bank legislation
  5. Obama to Urge Lawmakers to Delay Automatic Spending Cuts
  6. ECB to double staff
  7. Gasoline prices rise at fastest rate in almost two years: AAA

Tuesday - February 5, 2013:

  1. George Osborne threatens to break up banks
  2. Taxpayer faces £41billion a year bill for bloated pensions of public sector workers
  3. Price of rice soars by 80% following dramatic drop in production of basmati variety

Sunday - February 3, 2013:

  1. Cuts could make USA a second-rate power, Panetta warns
  2. Next budget showdown in Congress is over March 1 sequester
  3. Dow hits 14,000, so is America booming now?

Saturday - February 2, 2013:

  1. U.S. manufacturing surges, Chinese recovery more modest

Friday - February 1, 2013:

  1. Belarus Receives 4th Tranche of EurAsEC Bailout Loan
  2. EU finance tax to reap billions
  3. Exclusive: Citigroup may exit consumer banking in more countries
  4. Harman cuts outlook, jobs on weak European car audio sales

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