Ecomomic Crisis
Daily News and Updates

Saturday - July 31, 2010:

  1. Business & Technology Recession was deeper than gov't previously thought
  2. Imports slow Q2 growth as business spending surges
  3. Recovery loses speed as consumers turn cautious
  4. US economy shows signs of slowdown as consumer spending falters
  5. Inter RAO posts 282-mln-euro loss for 2009
  6. Report calls for deep cuts in Scotland

Friday - July 30, 2010:

  1. AP survey A bleaker outlook for economy into 2011
  2. Fed official U_S_ could tip into Japan-like crisis
  3. Within Fed, Subtle Shift Toward Deflation Concerns
  4. Foreclosures Up In 75 Percent Of Top U.S. Metro Areas
  5. California declares 'state of fiscal emergency'
  6. IMF approves $15-billion loan for Ukraine - Ex-Soviet States
  7. Unemployment claims fall, but still elevated
  8. Burden of town hall pensions 'will force council tax to rise'
  9. House prices fall for first time in six months amid fears over Government's austerity drive
  10. It's heartbreaking how the banks are starving businesses of cash, says King

Thursday - July 29, 2010:

  1. Meridian Mortgage founder seeks personal Chapter 11 bankruptcy protection
  2. Cities, states loosen up on gambling, alcohol to raise money
  3. Durable goods orders fall while business spending up
  4. Fed Economy slowing in some regions
  5. Russia's Severstal suspends steel production at U.S. plant

Wednesday - July 28, 2010:

  1. Consumer confidence dims as home prices climb
  2. Consumers, Wall Street disagree on economy
  3. Europe's Prospects Brighten as U.S. Fades
  4. Lawmakers Question Salaries at Nonprofits
  5. Start lending or face tax on profits, Vince Cable warns banks

Tuesday - July 27, 2010:

  1. Majority of Small Business Sector Facing Higher Taxes Under Obama Plan
  2. United Technologies plans another 1,500 job cuts
  3. EU banks could seek 25 billion euros in capital top-up
  4. Greece back under EU-IMF microscope as Asian stocks rise

Monday - July 26, 2010:

  1. Speed cameras face axe in cuts- But the empty shells may stay as a deterrent

Sunday - July 25, 2010:

  1. Deflation fears, Federal Reserve & market volatility
  2. Federal budget deficit to exceed $1.4 trillion in 2010 and 2011
  3. Financial reform bill means big changes for investors

Saturday - July 24, 2010:

  1. Dollar Drops on Strong Earnings, Growth in Europe
  2. How bad is China's real-estate bubble?
  3. Seven banks fail Europe stress test
  4. Bank official says economy will be 'anaemic' for five years
  5. Armed Forces no longer have the cash to defend Britain from every threat, says Liam Fox
  6. Feinberg Says Bonuses Paid by Troubled Banks Were Unmerited

Friday - July 23, 2010:

  1. Bernanke’s uncertainties slow Asian stock markets down
  2. Bond market chaos forecast as Wall Street reform restricts use of credit ratings
  3. Federal Reserve chairman warns of 'unusually uncertain' outlook for US
  4. Home sales at 3-month low
  5. Jobless Claims Increase
  6. White House to Allow Tax Cuts for Wealthy to Expire

Thursday - July 22, 2010:

  1. Bernanke says Fed to act if U.S. recovery stalls
  2. US Housing Market Stumbles Again
  3. Bailout watchdogs slam Obama housing programs
  4. Culture department braces itself for redundancies of up to 50%

Wednesday - July 21, 2010:

  1. Double dip fears as bank loans dry up
  2. Housing starts fall, permits offer ray of hope
  3. More cracks begin to appear in the euro zone as two of its nations suffer setbacks
  4. More than 40 pct. leave Obama mortgage-aid program
  5. Osborne's woes deepen as record borrowing casts fresh doubt over Budget forecast
  6. Public borrowing hit record high in June
  7. Russia's Trust National Bank snubs Fitch Ratings over downgrade
  8. NYS, NYC To Reportedly Not Get Extra Federal Medicaid Funds

Tuesday - July 20, 2010:

  1. Axed after 90 years- National Savings pulls popular tax-free savings certificates held by 1.5m people
  2. Millions more to wait to 68 for their pension as government to speed up plans to raise age of retirement
  3. Moody's cuts Ireland on bank, growth worries

Monday - July 19, 2010:

  1. 22 Statistics That Prove The Middle Class Is Being Systematically Wiped Out Of Existence In America
  2. Homes lost to foreclosure on track for 1M in 2010
  3. Goldtrail Travel collapse leaves British tourists stuck at home and abroad
  4. International aid to over 40 countries under threat from funding cuts

Sunday - July 18, 2010:

  1. Brits to retire to beat severance cuts
  2. Six bank failures bring 2010 tally to 96

Saturday - July 17, 2010:

  1. Stocks plunge on earnings, confidence
  2. Timothy Geithner's realm grows with passage of financial regulatory reform
  3. Bank of America, Citi results show hurdles ahead
  4. Consumer prices drop, sentiment sours
  5. Is inflation, deflation or a mix of both ahead?
  6. CHINA: New strikes at Honda plant in Foshan, company threatens to fire large number of workers
  7. What financial reform means to you
  8. '£500-a-week_ I can earn more on benefits!', unemployed driver tells stunned haulage boss

Friday - July 16, 2010:

  1. Budget cut of 25% will 'deny justice', warns Crown Prosecution Service (UK)
  2. China economy cools in second quarter
  3. Companies pile up cash but remain hesitant to add jobs
  4. Dim retail sales hurt US economy as Fed sees weakness
  5. EU stress tests to kill off weak banks, experts say
  6. Homes lost to foreclosure on track for 1M in 2010
  7. GOJO Industries cuts 150 jobs from Cleveland plant
  8. How far could stocks fall? Worst-case scenarios
  9. IMF recommends Japan sales tax hike
  10. More is spent on jobless in U.S., but benefits near end
  11. Police could lose 'up to 60,000 officers'
  12. Senate sends sweeping bank reform to Obama
  13. Initial claims for jobless benefits drop sharply
  14. Voters Say To H... With Deficit Reduction, Help The Unemployed

Thursday - July 15, 2010:

  1. Demand for financing leads global economic recovery toward a 'wall of debt'
  2. Fears grow as millions lose jobless benefits
  3. 100,000 mothers pushed back into work by recession
  4. Fed Should consider more easing if outlook worsens
  5. Number of family holidays abroad plummets by 10million as staycations soar
  6. Oakland lays off 80 police officers
  7. New York Presses Banks on Foreclosures
  8. Unemployment falls but part-time working hits record high

Wednesday - July 14, 2010:

  1. Economy's improvements - the calm before a storm
  2. EU tells states to prepare for banks that fail stress tests
  3. China's economic policies inefficient but work
  4. No real house price recovery likely in next five years
  5. Outside View: Trade deficit threatens double dip
  6. Banks to be hit by second supertax: New treasury levies could raise £5bn a year
  7. Coalition budget 'has increased chance of double-dip recession'
  8. Signs of the times

Tuesday - July 13, 2010:

  1. Coming soon! Worst tax increases of 2011
  2. Crisis Awaits World’s Banks as Trillions Come Due
  3. Obama Could Push US Into Insolvency Like Greece-: Sen. Gregg
  4. Bernanke says spurring credit key to rebound
  5. More Americans' credit scores sink to new lows
  6. Real debt in Britain is £78,000 for each family... more than twice the official figure
  7. UK economy shrank 6.4% during recession, latest figures reveal

Monday - July 12, 2010:

  1. Apocalypse now: In US and abroad many are prepared
  2. Businesses step up criticism of Obama's agenda
  3. Obama's debt commission warns of fiscal 'cancer'
  4. Quarterly investment outlook: Economists wary after stocks' recent slide
  5. Tighter banking rules will drain £1tn from financial system, study shows
  6. Wall St. Hiring in Anticipation of an Economic Recovery

Sunday - July 11, 2010:

  1. Not your 1930s Depression
  2. States seek to reduce pension-plan risk
  3. Strategies - Robert Prechter’s Market Forecast Says ‘Take Cover’
  4. 'U.S. dollars burn while Obama fiddles'

Saturday - July 10, 2010:

  1. World economic recovery driven by global imbalances
  2. Walking Away From Million-Dollar Mortgages
  3. Berkshire downgraded to sell because of economy
  4. Starbucks losses in UK rise to £10m
  5. Private pensions are hit for £100bn: Final salary scheme change will affect millions

Friday - July 9, 2010:

  1. Deficit hits $1 trillion in June for second year
  2. Drugmaker Merck closing 8 plants, 8 research sites-International
  3. Wells Fargo to slash 3,800 jobs over 12 months
  4. Federal Reserve weighs steps to offset slowdown in economic recovery
  5. Joblessness and housing add risks to U.S. recovery IMF
  6. Europe presents main threat to global recovery, IMF says
  7. If the recovery is on track, why the doom and gloom?
  8. ASIA: IMF predicts faster recovery, but dangers lurk around the corner
  9. I.M.F. Raises Its Economic Growth Forecast
  10. U.S. should cut deficit to spur recovery, IMF says
  11. British economy dealt fresh blow as IMF downgrades UK growth forecast
  12. Workers pay the penalty for recession as average annual salary drops £2,600 in just SIX months
  13. House prices fall for third month in a row - but Bank keeps rates on hold... again

Thursday - July 8, 2010:

  1. Expect lots of government layoffs at state, local level
  2. Service sector grows more slowly, employment weak

Wednesday - July 7, 2010:

  1. Bank Balance Sheets Could Torpedo Recovery
  2. China Property Market Beginning Collapse That May Hit Banks, Rogoff Says
  3. CHINA: Real estate bubble close to bursting
  4. Global stocks dip on growth fears
  5. Gove defends £55bn axe on school building by insisting 'sparkling' classrooms don't mean good education
  6. Ministers to cap 'gold-plated' redundancy deals for civil servants

Tuesday - July 6, 2009:

  1. ASIA Chinese banks recapitalise as China follows in the footsteps of Greece
  2. Analyst Obama has U_S_ economy in 'death spiral'
  3. Home prices to turn down again; stock market to stall
  4. School building programme scrapped in latest round of cuts

Monday - July 5, 2010:

  1. School Daze Schools need to be creative to make up for serious budget cuts
  2. Public sector pensions face £20,000 drop as calculations switch to lower index
  3. Treasury orders cabinet ministers to brace themselves for 40% cuts

Sunday - July 4, 2010:

  1. 7.9 million jobs lost, many forever
  2. Dems refuse compromise to extend unemployment benefits
  3. House Democrats ‘Deem’ Faux $1.1 Trillion Budget ‘as Passed’
  4. NYT Illinois facing fiscal 'disaster'
  5. Six Months to Go Untilbr The Largest Tax Hikes in History
  6. IMF may allocate $14.9 billion for Ukraine

Saturday - July 3, 2010:

  1. Appeals court affirms Schwarzenegger's order to cut state workers' pay
  2. California begins fiscal year with no budget
  3. Great Depression 2.0 An interview with Vox Day
  4. Recovery Slows With Weak Job Creation in June
  5. U.S. housing market remains fragile despite low mortgage rates

Friday - July 2, 2010:

  1. Housing, gold investments; Will deflation sink the US economy?
  2. States seek financial help as new fiscal year begins
  3. The recovery seems to be losing its pop
  4. Warning of second credit crunch as Bank of England predict loans will plunge over next three months
  5. Worries about the banks, shares plunging and a faltering housing market... Are we on the brink of a new crash?
  6. 20,000 graduates failed to find a job last year as recession pushes figure up by 25%

Thursday - July 1, 2010:

  1. ASIA Asian stock markets fall, doubts about recovery in China
  2. CBO says debt will reach 62 percent of GDP by year's end
  3. Fed officials see soft recovery and more uncertainty
  4. Recession cut into employment for half of working adults, study says
  5. David Cameron and Harriet Harman clash over leaked Treasury document on unemployment
  6. Stock markets anxiously await European loan results
  7. 17 Percent Plunge in Citigroup Triggers 5-Minute Trading Pause

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