Ecomomic Crisis
Daily News and Updates

Monday - January 31, 2011:

  1. Dubai Shares Fall Most in Year, Lead Middle East Drop, on Egypt
  2. Tel Aviv stocks slump after weekend of Egypt riots
  3. House Speaker Boehner warns against debt default
  4. Obama to Send Congress Multitrillion-Dollar Budget Likely to Show Cutbacks

Sunday - January 30, 2011:

  1. Michigan sues Countrywide for $65M in pension losses
  2. Please sir, can we have your bonus? Cash-strapped council begs wealthy banker residents to help out
  3. Saudi Stock Market Falls 6.4%

Saturday - January 29, 2011:

  1. U.S., Japan told time running out to deal with debt
  2. Recovery for Britain's battered economy will take years to come says glum PM David Cameron
  3. Spain's jobless rate surges to 20.33%
  4. World Markets Sink As Protests Escalate In Egypt
  5. Fitch downgrades Egypt outlook to negative
  6. Trade unions to organise London rally on March 26
  7. Higher costs sink Ford profit, shares slide
  8. Indonesia suspends rice, soybean duties to combat inflation

Friday - January 28, 2011:

  1. DAVOS 2011: Debt crisis could tear up Europe, says Soros
  2. Sarkozy: 'Failure of euro would be cataclysmic'
  3. S&P cuts Japan sovereign rating
  4. US jobless claims surge 51,000 last week
  5. Unemployment Rate To Remain Above 9 Percent Through 2011, Will Remain Above 'Natural Rate' Until 2016 CBO
  6. Some 57,000 Minnesota jobs at risk under proposed Korean trade pact
  7. Lawmakers plan to reintroduce China currency bill
  8. Food inflation a threat, regulation questioned
  9. North African Unrest May Spread as Davos Delegates Warn on Food Inflation
  10. U.S. Commodities Grains Rise as Food Protests in Africa Mount

Thursday - January 27, 2011:

  1. CBO projects record-high $1.5 trillion budget deficit this year
  2. Boeing profit falls; shares down on outlook
  3. (UK) Unions warn of growing militancy over government's economic 'gamble'
  4. Coalition refuses to change course as economy shrinks by 0.5%
  5. IMF Sees Europe's Debt as Top Recovery Threat
  6. New mortgage lending slumps to an 11-year low

Wednesday - January 26, 2011:

  1. Global unemployment has reached dangerous levels, ILO report shows Global development
  2. Jobless Rise in 20 States as Workers Still Laid Off
  3. U.S. House returns budget to 2008 levels
  4. Cantor says no state bailouts, bankruptcy
  5. Sarkozy Outlines Economic Proposals
  6. And the debt bomb ticks on
  7. Big Freeze blamed as economy SHRINKS 0.5%, reviving fears of double dip recession
  8. Obama pushes spending freeze, outlines challenges
  9. Morocco to boost staples subsidies at any price Agricultural Commodities

Tuesday - January 25, 2011:

  1. China Pushing for Yuan to be Global Currency
  2. Postal Service Eyes Closing Thousands of Post Offices
  3. S&P warns of more muni bond downgrades
  4. Sarkozy targets commodities in G20 agenda
  5. States set to go on bankruptcy bonanza
  6. Walker's World China inflation warning
  7. Lend or be broken up, banks are warned as £10bn in loans is held back
  8. BBC Online: 360 staff to lose jobs
  9. McDonald’s likely to hike prices as costs rise

Monday - January 24, 2011:

  1. Arizona's middle class in crisis. Many are barely hanging on
  2. Consumers downbeat on job, inflation worries: Nielsen
  3. Interest rates have to rise - and quickly

Sunday - January 23, 2011:

  1. State bankruptcy bill imminent, Gingrich says
  2. Bank of America posts loss on mortgage problems
  3. Banking commission will consider breaking up biggest banks
  4. Don't rule out debt buy-back idea Juncker
  5. Russia’s pyramid scheme architect vows to destroy world financial system
  6. Talk of debt restructuring hurts Greece central banker

Saturday - January 22, 2011:

  1. State Bankruptcy Option Is Sought, Quietly

Friday - January 21, 2011:

  1. Inflation fears as Chinese economy grows
  2. World needs $100 trillion more credit, says World Economic Forum
  3. Boeing announces layoffs in So. Calif.
  4. Cuomo to cut New York state jobs
  5. House GOP Lists $2.5 Trillion in Spending Cuts
  6. GOP spending cuts would affect millions of people
  7. Brazil central bank raises interest rate to 11.25%

Thursday - January 20, 2011:

  1. China’s Overseas Lending Surpasses World Bank’s
  2. Council job cuts tally passes 125,000
  3. Fresh stress tests for EU banks
  4. Hundreds of Iowa jobs to be cut
  5. Job creation seen as key to China's investment in U.S.
  6. Million young Britons on the job scrapheap: Almost one in five is unemployed
  7. Unemployment figures: IPPR warns of jobless 'double dip'

Wednesday - January 19, 2011:

  1. £1TRILLION: Our National Debt pushes through barrier to reach £40,000 per household
  2. Southern Chile sees ongoing protests over gas prices
  3. Inflation jumps to 3.7% - and it's set to get worse, raising fears of soaring interest rates
  4. Michigan manufacturers call for business tax slash
  5. UPDATEIEA Warns $100 Crude To Return EU, US Oil Bill To 2008 Level
  6. Without aid, DPS may close half of its schools

Tuesday - January 18, 2011:

  1. Bank of England urged not to raise interest rates amid fears inflation could soar to nearly 4%
  2. Hu Jintao provoking the US by suggesting yuan replace dollar as reference currency
  3. Housing Market Plunge Passes Depression's
  4. INDIA: Rising petrol prices hurt the poor as the ranks of the rich grow
  5. ObamaCare will contribute to local financial woes

Monday - January 17, 2011:

  1. Congress urged to raise debt limit
  2. Hu: Dollar-based system from 'the past'
  3. State Budgets Year Ahead Looms As Toughest Yet
  4. Interest rate rise could wreck recovery, economists warn
  5. MPs revolt as Cameron bids to block £1K pay rise
  6. Sheep thefts in Britain likely connected to rising global food prices
  7. Swiss whistleblower Rudolf Elmer plans to hand over offshore banking secrets of the rich and famous to WikiLeaks

Sunday - January 16, 2011:

  1. Record $14 trillion-plus debt weighs on Congress

Saturday - January 15, 2011:

  1. Fitch downgrades Greece rating to junk status
  2. Rising homelessness challenges Florida
  3. Anchor Blue closing all (117) stores

Friday - January 14, 2011:

  1. Asia to the rescue in Europe’s time of crisis
  2. Japan Props Up the Euro
  3. Economy facing headwinds, but Bernanke hopeful
  4. Home foreclosures in 2010 top 1 million for first time
  5. Northern towns 'targeted' with cuts
  6. Privatising English forests could 'cost millions in lost tax revenues'
  7. Sign of the times: Queue of 5,000 hopefuls wait hours for just 100 jobs

Thursday - January 13, 2011:

  1. EU leaders demand more budget cuts
  2. Sony will close South Jersey CD plant

Wednesday - January 12, 2011:

  1. Brazil prepared for global trade war
  2. Federal Eye: Bill proposes 10 percent cut in federal workforce
  3. House prices could drop 10% in a year after average sale costs fell in 2010
  4. Japan to buy euro debt, Portugal resists bailout
  5. MySpace confirms it is to cut 500 jobs
  6. Russian inflation hit 8.8% in 2010

Tuesday - January 11, 2011:

  1. BANGLADESH: As shares take a nosedive, investors riot in Dhaka and Chittagong
  2. ECB gives Portugal temporary lifeline, traders say
  3. Hit council fat cats... not the taxpayer
  4. House prices down by 1.6% in 2010
  5. Tunisia in turmoil over food prices

Monday - January 10, 2011:

  1. Banks Become Reluctant to Foreclose
  2. Petrol stations spend thousands beefing up security amid fears price hikes will increase forecourt thefts

Sunday - January 9, 2011:

  1. Congressional offices prepare for cuts
  2. Illinois faces steep tax increases to meet fiscal crisis
  3. California's education chief says schools face a fiscal emergency
  4. Major cuts expected in Brown's budget proposal
  5. Foreclosure chaos in US after court voids banks' seizure of homes because of lax mortgage paperwork

Saturday - January 8, 2011:

  1. Bernanke talks up prospects for US recovery despite weak jobs data
  2. Libraries seen as easy touch when it comes to balancing the books Books The Guardian (UK)

Friday - January 7, 2011:

  1. China to buy 6 billion euros of Spanish debt report
  2. Jobless claims up, underlying trend still down
  3. Recession-bruised states' revenue sank 30 percent in 2009, Census Bureau reports
  4. World scrambles to contain food inflation

Thursday - January 6, 2011:

  1. World Bank issues bond denominated in Chinese yuan
  2. Big freeze on Christmas sales: Companies report gloomy festive figures as HMV shuts 60 stores
  3. Inflation alert after surge in world trade triggers record rise in cost of raw materials
  4. Unemployment up in two-thirds of metro areas
  5. World food prices enter 'danger territory' to reach record high

Wednesday - January 5, 2011:

  1. Gold drops 2.5 percent in rout, fear subsides
  2. National debt greater than $14 trillion
  3. States Seek Laws to Curb Power of Unions
  4. Retail sales will upswing boost earnings
  5. Top banks to rake in £1bn each week: Profits to double at state-owned RBS and Lloyds

Tuesday - January 4, 2011:

  1. New year, old worry for state budgets
  2. Obama aide: Debt limit fight could be catastrophic
  3. Oil heads higher, and gas could climb to $3.75 a gallon
  4. Welfare bill soars as coalition counts cost of austerity drive
  5. Cuomo Plans One-Year Salary Freeze for State Workers
  6. Commuters hit as rail season tickets soar by up to 13%
  7. Hungary rolls back pension reform, defies markets
  8. I'll stop housing boom for good, promises minister as experts warn of 6% house price falls

Monday - January 3, 2011:

  1. Retailers fear tough year as VAT goes up and spending cuts kick in
  2. Public Employee Unions Face Rising Public Anger

Sunday - January 2, 2011:

  1. The year of the middle class squeeze: Why 2011 will be toughest 12 months since 1982

Saturday - January 1, 2011:

  1. David Cameron has predicted a difficult 2011 for Britain
  2. Economic forecasters see growth in 2011, but risk factors remain for recovery
  3. Euro has 1-in-5 chance of lasting decade: UK think-tank
  4. House prices dropping in eight out of ten regions in England and Wales
  5. Recovery at hand? Not so fast

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