Ecomomic Crisis
Daily News and Updates

Special:

  1. In Greece, poor parents are abandoning their children
  2. 19 Facts About The Deindustrialization Of America That Will Make You Weep

Tuesday - January 31, 2012:

  1. Davos 2012 IMF issues austerity warning
  2. Irish minister says euro-exit possible if treaty rejected
  3. Europe Pundits fear 'perfect storm' despite official optimism
  4. Europe signs up to German-led fiscal pact
  5. Germany resists calls to give more to $657B eurozone bailout
  6. Leaked Document: Germany Plans EU 'Nanny' for Greek Budget
  7. Greece Rejects Proposal to Cede Budget Control
  8. EU ready to counter Chinese ‘protectionism’
  9. The Pentagon Tightens its Belt
  10. 10 states struggling to pay bills
  11. France plans Tobin tax on financial transactions
  12. Elderly 'losing out by £500m a year in the funding of care'
  13. Freddie Mac Betting Against Struggling Homeowners

Monday - January 30, 2012:

  1. EU summit on debt crisis faces Brussels disruption as unions strike
  2. Boston rail commuters face 40% hike

Sunday - January 29, 2012:

  1. Europe’s debt crisis stretches on
  2. Extraordinary proposal for EU to take control of the Greek budget
  3. Fitch cuts Italy, Spain, other euro zone ratings
  4. Sudden Spanair shut-down strands passengers
  5. Hull House closes doors after more than 120 years
  6. Regulators close BankEast; U.S. Bank acquires assets

Saturday - January 28, 2012:

  1. China lowers growth forecast to 8.5 percent
  2. Japan prices fall, mild deflation to persist
  3. Pentagon to shrink US ground troops by 100,000 as part of $487bn cuts
  4. Spain unemployment tops 5.3m and set to get worse
  5. Unsold goods weigh on future economic growth

Friday - January 27, 2012:

  1. Bernanke has finger on trigger for new bond buys
  2. In historic shift, Fed sets inflation target
  3. Japan's NEC to slash 10,000 jobs
  4. Middle-income Britain is in state of emergency, says Nick Clegg
  5. Ministry of Defence to cut further 3,000 civilian jobs
  6. Police numbers at lowest for a decade
  7. Russia to Keep Australian Dollar Reserves From February

Thursday - January 26, 2012:

  1. IMF chief unveils euro plan and warns of '1930s moment'
  2. Merkel warns Germany cannot be relied on to bail out all European countries
  3. Angela Merkel casts doubt on saving Greece from financial meltdown
  4. UK moves closer to second recession as economy shrinks 0.2%
  5. Pentagon budget to cut military, cancel programs
  6. Bernanke says Fed pondering further stimulus
  7. Housing data points to slowdown in sales
  8. Chicago chamber warns to prepare for the worst for G8

Wednesday - January 25, 2012:

  1. Europe poses global recession threat: IMF
  2. IMF slashes global growth forecasts
  3. UK national debt hits £1trillion
  4. S&P says likely to declare Greece in default
  5. The £100 fill-up looms for motorists as one of the UK's biggest refineries goes bankrupt
  6. Canada cuts could eliminate 50,000 jobs
  7. Exporter Japan eyes first trade deficit in 3 decades
  8. Greek creditors urge quick deal after eurozone rejection

Tuesday - January 24, 2012:

  1. IMF chief wants bigger bail-out fund and eurobonds
  2. Germany resists pleas for bigger bail-out fund
  3. Germany, France press for rapid Greek debt deal
  4. Pay freeze to last until 2020 for millions
  5. Welfare reform benefits cap would reduce payments by £83 a week
  6. Bonmarché sale and store closures will cost 1,400 jobs
  7. Companies see growth but few new jobs: poll
  8. EIGHT more years until Squeezed Middle recover to pre-recession income

Monday - January 23, 2012:

    Nothing to report this morning.

Sunday - January 22, 2012:

    Nothing to report this morning.

Saturday - January 21, 2012:

  1. Momentum to drain from world economy in 2012: poll
  2. Greece, creditors close in on debt cut deal
  3. Investors exit big-name funds as stars fail to shine

Friday - January 20, 2012:

  1. Fitch to downgrade six euro-countries, including Italy
  2. Photography pioneer Kodak files for bankruptcy

Thursday - January 19, 2012:

  1. IMF seeks more funds
  2. UK faces request for £19bn as IMF boosts bailout fund to $1tn
  3. World Bank slashes global GDP forecasts, outlook grim
  4. World Bank global growth heading for a crisis from which no one will be saved
  5. Greece, creditors haggle to avoid costly default
  6. Missouri governor plans more budget cuts
  7. UK unemployment rises to 2.68m
  8. Unemployment forecast to rise further

Wednesday - January 18, 2012:

  1. S&P downgrades euro zone rescue fund
  2. Analysis: Rescue fund downgrade raises pressure on euro zone
  3. IMF warns of downward spiral of collapsing confidence engulfing Europe
  4. Inflation falls to six-month low of 4.2%
  5. Insight: Recovery at risk as Americans raid savings
  6. Citi's turnaround plan hits euro crisis speedbump
  7. Emerging Manufacturers Fall Sharply in Late 2011
  8. Insight: In Arab Spring, economic gain may trump pain
  9. Kraft to cut 1,600 jobs in split
  10. MoD announces further 4,200 armed forces personnel cuts
  11. RBS puts 13,000 jobs at risk as it pulls the plug on fashion chain Peacocks

Tuesday - January 17, 2012:

  1. Greek default fears grow as talks stall
  2. UK 'already back in recession', warn forecasters
  3. UK in recession again as recovery is 'paralysed' by the European debt crisis

Monday - January 16, 2012:

  1. UK: Recession warning as George Osborne turns to China
  2. UK: Below the breadline on Liverpool's workless estates
  3. Shell to shut its main UK research base and transfer its work overseas

Sunday - January 15, 2012:

  1. S&P downgrades nine euro zone countries
  2. Eurozone in new crisis as ratings agency downgrades nine countries
  3. Layoff notices go out to Miami employees
  4. Oakland to lay off 1,500 workers

Saturday - January 14, 2012:

  1. Dollar power on the wane, new reserve system likely: Stiglitz
  2. Gross: Global Economy, Markets at Risk in 2012
  3. Obama seeks $1.2 trillion debt limit rise
  4. Dip in China's FX reserves may hasten policy shift
  5. Mass S&P downgrade as Greek debt impasse hit euro zone
  6. Negotiators finalise broad outline of EU fiscal treaty
  7. JPMorgan profit falls, but sees hope in economy
  8. Novartis cuts 2,000 U.S. jobs after drug setback
  9. Russia 2011 capital flight soars to $84 billion

Friday - January 13, 2012:

  1. EU central bank to issue more cheap loans
  2. Greek bond swap falling short, governments may fill gap sources
  3. Yields fall sharply at Spanish, Italian debt sales
  4. Retail sales weak, jobless claims up
  5. U.S. foreclosures expected to rise in 2012
  6. £4 billion wiped off Tesco shares

Thursday - January 12, 2012:

  1. Debt-limit increase request 'days' away
  2. In Greece, fears that austerity is killing the economy
  3. 3,000 jobseekers apply for 36 tradesmen jobs... at the SOUTH POLE

Wednesday - January 11, 2012:

  1. U.S. national debt surpasses economic output
  2. China trade growth slows to 2-year lows in December
  3. Euro banks park record sums with ECB as debt crisis lingers
  4. Game shares slump after disastrous Christmas
  5. Thousands of council staff reject Government’s final offer on pensions

Tuesday - January 10, 2012:

  1. Analysis: For euro zone, the heat is on again
  2. Merkel and Sarkozy to discuss jobs and economic growth
  3. Unemployment mushrooming in Greece, Spain

Monday - January 9, 2012:

  1. China loan growth quickens
  2. IMF considers Greek rescue plan insufficient to fix debt crisis
  3. Sales gloom as Tesco reveals its worst Christmas for decades
  4. UK: Work for free or lose benefits for THREE years

Sunday - January 8, 2012:

  1. New EU deal 'will freeze out Britain'
  2. 49 Philly area Catholic schools closing

Saturday - January 7, 2012:

  1. Global economy could stand one week of major disaster
  2. Bad signs for EU economy
  3. Eurozone unemployment hits new record
  4. More power for EU commission in new draft of fiscal treaty
  5. Wall Street's games about to hit gas prices
  6. Teachers shun Government's final offer on pensions

Friday - January 6, 2012:

  1. Greek PM warns of default
  2. Europe woes drag euro lower
  3. Kodak prepares for Chapter 11 filing report
  4. Pepsi mulls 4,000 job cuts report
  5. Public sector pensions offer rejected by Unite health workers

Thursday - January 5, 2012:

  1. Chinese provinces’ massive debt reaches crisis point
  2. Top Singapore ministers face pay cuts of up to 51%
  3. French minister: EU will impose financial tax by end of year

Wednesday - January 4, 2012:

  1. World's Biggest Economies Face $7.6T Debt
  2. Euro break-up is biggest threat to British firms

Tuesday - January 3, 2012:

  1. Collapse of the eurozone 'will start this year'
  2. Eurozone manufacturing decline persists, PMI survey says
  3. Factory output subdued going into 2012
  4. Housing benefit cuts will put 800,000 homes out of reach, according to study
  5. Spain public deficit may top 8 percent minister

Monday - January 2, 2012:

  1. European leaders predict 2012 will be worse than 2011

Sunday - January 1, 2012:

  1. Euro could become world's leading currency Noyer
  2. High street braces for wave of failures as La Senza closes 80 shops

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