Ecomomic Crisis
Daily News and Updates

Thursday - January 28, 2009:

  1. U.S. deficit report highlights Obama's challenge
  2. Unprecedented shutdown hammers Toyota, partners
  3. San Francisco's school Superintendent facing expected $113 million budget shortfall over the next two years
  4. An unusual sugar high
  5. Bank of England's top policymakers publicly split over prospects for British economy
  6. Davos 2010: Soros calls for break-up of big banks
  7. Davos 2010: Barclays' Bob Diamond attacks Obama's banking plans
  8. Measures 66 and 67 passing by wide margin
  9. More upbeat economic news for Israel
  10. Retail sales falling at fastest rate since August, CBI says
  11. 'Stimulus' package unravels welfare reform

Wednesday - January 27, 2009:

  1. Senate Democrats Eye $80 Billion Package To Boost Jobs
  2. Senate Jobs Bill Skips Unemployment Benefits Extension
  3. Verizon sees delayed rebound, to cut more jobs
  4. Britain crawls out of the longest downturn in history but now the dreaded 'double dip' beckons
  5. Int'l Monetary Fund Praises Bank of Israel
  6. Obama to seek 3-year freeze on US domestic spending
  7. Soaring cost of food: Shops accused of using VAT increase to disguise rises

Tuesday - January 26, 2009:

  1. December home sales down nearly 17 percent
  2. Stakes are high as government plans exit from mortgage markets
  3. Poverty rate hits 17.5 percent in Nashville
  4. Schwarzenegger's budget plan puts unions in the cross-hairs
  5. Top Senate Democrat lays out deficit curbs

Monday - January 25, 2009:

  1. Obama facing huge economic challenges ahead
  2. Wal-Mart cutting 11,200 jobs at Sam’s Club
  3. Shortfall of 500,000 affordable homes if budget is cut, warns housing group

Sunday - January 24, 2009:

  1. Banks shut in Fla., Mo., NM, Ore., Wash.

Saturday - January 23, 2009:

  1. Dow falls 217 as fear returns
  2. Unemployment rates rise in 43 states in December
  3. Venture capital investments plunged last year
  4. Investing trends and hazards in 2010 and 2011
  5. Canadian PM warns of recession return
  6. After Obama's speech, the Asian markets fall to 3%
  7. Obama's banking reforms: UK financial shares suffer
  8. Ohio Unemployment Rises to 10.9 Percent in Dec

Friday - January 22, 2009:

  1. Democrats propose $1.9T increase in debt limit
  2. FHA loans New, tougher rules for borrowers
  3. Jobless claims surge in the latest week
  4. Mich. Unemployment Drops To 14.6%
  5. Wash. state jobless rate jumps to 9.5 percent
  6. Morrell will close Sioux City plant in April
  7. GM's Opel to cut 8,300 jobs across Europe
  8. Oil tumbles as stock market stumbles
  9. Building society raises mortgage charges by £1,500 sparking fears hike may be first of many
  10. Government borrowing hits new record for December
  11. China GDP grows by 8.7 percent in 2009
  12. Golden Sacks: 57% pay rises for staff at Goldman Sachs
  13. Obama threatens fight with banks on new risk rules
  14. Public sector workers in pay bonanza as private employees endure salary freeze
  15. Russian banks to reschedule aluminum giant RusAl's $4.5bln debt

Thursday - January 21, 2009:

  1. Beware global economic imbalances, Mervyn King warns
  2. Payroll taxes increase for many employers across USA
  3. How Obama is failing investors
  4. Pressure on Government to slash RBS payouts after global banking retreat on bonuses
  5. India outsourcers hiring staff as US demand grows

Wednesday - January 20, 2009:

  1. Goldman predicts higher oil prices over crude shortage in 2010
  2. Gov't 'borrowing binge' takes priority
  3. Japan Airlines announces bankruptcy
  4. Surge in inflation makes cost of living highest since 1997, and it could push interest rates higher
  5. Surge in inflation set to trouble Bank of England
  6. Momentum for 'European tax' grows
  7. 17% of EU population live at risk of poverty
  8. Russians' overdue loans to banks rise $3 bln in six months
  9. Bitter taste of the Cadbury's sell-off as unions fear jobs bloodbath after Kraft win their five-month battle
  10. Brown warns Kraft on jobs as Cadbury's board recommend £12bn deal
  11. Chancellor Alistair Darling to warn drastic public spending cuts are 'non-negotiable'
  12. Massachusetts Vote Gives Health Stocks a Shot in the Arm
  13. Mutual funds Problems and investing advice for 2010

Tuesday - January 19, 2009:

  1. 1 million Americans give up on job searches
  2. More British businesses in critical state, report warns
  3. Sears gets a digital makeover in a bid to remain relevant
  4. UK banks warned they could be hit with US-style tax as Goldman staff get 81% rise in bonuses
  5. Ukraine Is Headed for National Bankruptcy
  6. Wall St. Weighs Legal Challenge to Proposed Bank Tax

Monday - January 18, 2009:

  • Nothing New This Morning

Sunday - January 17, 2009:

  1. 21 of 30 Ariz. parks to close after cuts
  2. MediaNews Holding Company to Seek Bankruptcy Protection
  3. UPDATE Regulators Close 3 Banks In Minnesota, Illinois, Utah
  4. Will the economy slip back into recession?
  5. Obama goes after Wall Street over bailout in his weekly address

Saturday - January 16, 2009:

  1. Is America's financial collapse inevitable
  2. Robbing Peter to pay Paul
  3. The inevitable - employment down, foreclosures up
  4. Zoellick says crisis effects will last for years
  5. CHINA: Foreign direct investments down, foreign exchange reserves way up
  6. China's economic crisis unlike US financial crisis
  7. Japan Airlines closer to bankruptcy
  8. Indian group likely to bid for Hollywood icon MGM
  9. Bosch announces 900 job losses with Cardiff factory closure
  10. JP Morgan's $9bn payout stokes bonus fury
  11. Obama to meddle with your retirement account?

Friday - January 15, 2009:

  1. Obama changes meaning of 'saved' jobs
  2. Obama to meddle with your retirement account?
  3. Private real estate firm wins bid for O.C. Fairgrounds for $56.5 million
  4. Retail sales fall unexpectedly; jobless claims up
  5. U.S. 2009 foreclosures shatter record despite aid
  6. World Economic Forum warns of further economic crises ahead
  7. College applications rise, but budget cuts cap enrollment
  8. Hospital closures inevitable over next five years
  9. Jobless rate to stay above 8 percent until 2012 CBO
  10. Leading Russian banker warns of new finance bubble in Russia
  11. Soaring imports threaten Russia's economic recovery - paper
  12. Taxpayers want TARP money back, Obama says

Thursday - January 14, 2009:

  1. Safe investments? Bonds not as safe as they seem
  2. CHINA Beijing tightens borrowing, Chinese stock markets drop
  3. Congressional hearings grill banking's biggest names
  4. Even in a recovery, many jobs won't return
  5. Explaining the 'stimulus' flop
  6. Plastic not so fantastic: Banks hiked credit card interest rates over Christmas to highest level in four years
  7. Recovery remains fragile as manufacturing output falls
  8. Sarkozy says world currency disorder unacceptable
  9. White House says stimulus has saved two million jobs

Wednesday - January 13, 2009:

  1. Federal Reserve makes record $52.1bn profit
  2. White House changes stimulus job accounting
  3. China surprises with bank reserve hike, markets hit
  4. Obama backs himself into no-new-taxes corner
  5. 1m households use credit card to cover housing costs
  6. Dubai at two-week low as Arabtec selling resumes
  7. Obama knows 'stimulus' doesn't work
  8. U.S. trade gap widens in November on import jump
  9. Venezuela's devaluation will cost some U.S. companies
  10. Wal-Mart to close 10 Sam's Club stores in U.S.
  11. When will the US economy recover from recession?
  12. US banks brace for firestorm as bonus payouts due

Tuesday - January 12, 2009:

  1. Federal Reserve Seeks to Protect U.S. Bailout Secrets
  2. Israeli economy growing faster than expected
  3. Banks are braced for a sharp drop in business
  4. Dangers looming over China's economy in 2010
  5. In China, fear of a real estate bubble
  6. Cuomo seeks 2009 bonus data from Wall Street
  7. AOL to lay off up to 1,200 workers to reach target
  8. In London, Banks Are Bristling at Strict New Rules on Pay
  9. Russia's Reserve Fund down 18% to $60.52 bln in December
  10. The permanent temporary work force
  11. Ukraine's Naftogaz on edge of default - presidential envoy

Monday - January 11, 2009:

  1. Banks prepare to hand out big bonuses
  2. Bankers who earn more than £1million to be forced to defer bonuses
  3. For Wall St., Question on Top Bonuses Is 7 Figures or 8
  4. Obama awards $2.3 billion clean energy tax credits
  5. British airline BMI officially halts Tel Aviv flights
  6. China's commodity imports soar in December
  7. Even with austere budget plan, California counts on federal funds
  8. Investors focus on bonds despite a big stock rebound
  9. Venezuelans go shopping to beat Chávez's devaluation of bolivar

Sunday - January 10, 2009:

  1. America, money and power: The buck stops where?
  2. Bonus time as banks pay out £40bn
  3. (UPDATE 3) Huge NYC apartment complex misses loan payment
  4. Horizon Bank closed by regulators
  5. Financial crisis aftermath: It's time to throw out Congress/a>
  6. Nine Months Later, Obama Plan To Help 1.5 Million Struggling Homeowners Yet To Launch
  7. Schwarzenegger submits draconian California budget
  8. Schwarzenegger seeks billions in fed funds
  9. Chavez devalues Venezuelan currency
  10. Strong funds the hedge against a weak dollar

Saturday - January 9, 2009:

  1. Employers slash jobs in Dec, pressuring Obama
  2. California governor seeks permanent state pay cuts
  3. US fears double-dip recession with rising job losses
  4. Eurozone unemployment reaches 10%
  5. Anarchy in the UK (and US, too)
  6. Immigration - Legalization would boost U.S. economy, study says (?????????)
  7. Surprise Fall In Jobs Does Not Dash Recovery Hopes
  8. UPS to Cut 1,800 Jobs, Says Profit Exceeds Forecast

Friday - January 8, 2009:

  1. Economists worry economy won't recoup 7 million lost jobs
  2. Obama stimulus funds tagged for fake zip codes
  3. Calif. advised not to 'beg' for federal aid
  4. Can the luxury market survive as consumers become more frugal
  5. Collapse of Icelandic banks has put town halls £830m in the red
  6. Energy security questioned as National Grid cuts off gas to factories
  7. Homeowners stung as mortgage lenders hike charges by £1,400 a year
  8. Vilnius faces winter nights without streetlights over unpaid debt

Thursday - January 7, 2009:

  1. Global financial regulation overhaul seen in 2010
  2. Recession over? Not unless we make a major shift.

Wednesday - January 6, 2009:

  1. 2009 bankruptcies total 1.4 million, up 32 pct
  2. Down-payment and credit-score changes to FHA-backed loans
  3. EU staff to head to Greece amid deficit reports
  4. Hareidi-Religious Housing Crisis Barometer for Secular Crisis

Tuesday - January 5, 2009:

  1. Israeli Stocks Beat the Market
  2. Suicidal despair of 1 in 3 young jobless
  3. Does today's market rally predict a strong January 2010
  4. Treasury lifts bailout cap
  5. Unemployment benefits dry up by 2011

Monday - January 4, 2009:

  1. Fed chief Bernanke urges better financial regulation to prevent crises
  2. Bernanke: Regulation can hold back market excesses
  3. Bernanke warns about creating new bubbles
  4. Cities, counties take back corporate tax breaks
  5. Orange juice prices to rise by a third as crisis hits crop
  6. The Safety Net: Living on Nothing but Food Stamps
  7. December retail sales seen up, tough spring ahead

Sunday - January 3, 2009:

  1. Aughts were a lost decade for U.S. economy, workers
  2. Banks Roll Out New Check, Card Fees
  3. U.S. mayors to seek more federal money
  4. Chinese banks find their credit in high demand

Saturday - January 2, 2009:

  1. Judge calls Schwarzenegger's furlough order illegal
  2. Highly-paid EU civil servants threaten strikes after pay rise is halved to 1.85%

Friday - January 1, 2010:

  1. It's back home to Mother: Year of recession forces half a million adults aged 35 to 44 to return to live with parents
  2. Will next decade be another bubble-popper?

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