Ecomomic Crisis
Daily News and Updates

Sunday - July 31, 2011:

  1. Stocks lose $700B in value this week - Jul. 29, 2011
  2. FTSE tumbles amid fears of new global recession
  3. Debt-limit standoff: Top Democrats revive 14th Amendment option to raise ceiling
  4. House rejects Senate debt bill; Obama wants compromise
  5. Nearing the Debt Limit Deadline? Maybe It’s Already Passed
  6. Sources: Debt deal calls for up to $2.8 trillion in savings
  7. NYT: It's a mad, mad, mad, mad, mad, mad DC
  8. HSBC may cut more than 10,000 jobs: report

Saturday - July 30, 2011:

  1. Company insiders sell stock at alarming pace
  2. Recession $131 billion worse than we thought - Jul. 29, 2011
  3. House passes Boehner debt bill
  4. US malaise, debt stalemate shake Washington’s image as leader, threaten to erode influence
  5. US economic growth slows down sharply in 2011
  6. Growth anemic, debt row poses recession risk
  7. As yen rises, Japan warns of possible currency intervention
  8. Moody's places Spain's Aa2 long-term sovereign rating on CreditWatch
  9. Moody's threatens Spain rating cut
  10. Merck plans to cut thousands more jobs
  11. Nintendo product flop crushes shares, outlook crumbles
  12. Petrol prices near record high and expected to exceed it within weeks

Friday - July 29, 2011:

  1. IMF chief warns of social unrest in Europe
  2. GOP puts off debt plan vote
  3. Treasury to Weigh Which Bills to Pay
  4. U.S. Treasuries weaken as debt, budget uncertainty persists
  5. US debt deadlock hits world shares
  6. Veterans Summoned to White House, Told to Brace for Cuts
  7. INDIA: Inflation choking India despite more expensive borrowing
  8. Italy borrowing costs soar in volatile euro markets
  9. Now France is being dragged into global financial crisis as credit rating could be cut
  10. Fears of second-half slowdown spook corporate America
  11. Gov't: Health tab to hit $4.6 trillion in 2020
  12. California lines up loan as debt hedge
  13. Colleges boost student fees to fill gaps in state funding
  14. Hyatt Regency Clearwater Beach Resort and Spa in foreclosure

Thursday - July 28, 2011:

  1. Debt crisis Republicans scramble to rewrite plan following figures bungle
  2. Rival debt plans in doubt, alternatives sought
  3. S&P warns against prioritizing debt payments report
  4. US to lose top rating say majority of economists
  5. Analysis: QE3 may do more harm than good
  6. Propping up the euro will crush us all
  7. Demand for factory goods slips
  8. GE moving X-ray business to China
  9. Russia must raise retirement age to 65 says Finance Ministry
  10. Vince Cable: Lending to small firms has got worse since the recovery started
  11. Why is biggest U.S. creditor getting U.S. grants?

Wednesday - July 27, 2011:

  1. 14th Amendment in play
  2. Clinton seeks to reassure Asia amid U.S. debt stalemate
  3. IMF's Christine Lagarde warns Europe and US over debt crises
  4. Markets could be nearing a tipping point
  5. Credit Suisse may cut up to 2,000 jobs report
  6. Debt talk damage has already been done
  7. GDP figures mean Britain will miss its economic growth targets
  8. India central bank stuns investors with steep interest rate hike
  9. Help-Wanted Ads Exclude the Long-Term Jobless

Tuesday - July 26, 2011:

  1. Gold hits another record on debt ceiling fears
  2. US debt crisis threatens global markets as Congress is locked in blame game
  3. Greek default almost certain, warns Moody's
  4. Moody's cuts Greece debt rating further amid default fears
  5. More housing market woes as mortgage lending drops by 11%
  6. Postal Service may close 3,600 post offices
  7. RIM adjusts to new reality by slashing 2,000 jobs
  8. U.S. Stocks, Treasuries Drop on Rival Debt Plans
  9. US companies churn out profits but cautious on hiring

Monday - July 25, 2011:

  1. China, with much to lose, largely silent on debt talks
  2. Officials scramble for debt deal, markets on edge

Sunday - July 24, 2011:

  1. Debt ceiling talks between Obama and Republicans collapse
  2. A boom in corporate profits, a bust in jobs, wages
  3. Congress fails to approve FAA funding
  4. FAA furloughs 4,000 workers after funding expires, congressional 'inaction'

Saturday - July 23, 2011:

  1. CHINA: Yuan reaches historic high against dollar
  2. Debt Ceiling Uncertainty Puts States at Risk
  3. In Chrysler Bailout, Taxpayers Likely To Lose Up To $1.3 Billion: Treasury
  4. NC unemployment rate climbs to 9.9 percent - highest this year
  5. Outside View: America's permanent deficit problems
  6. Record fall in loans to cash-strapped businesses sparking fears for economy

Friday - July 22, 2011:

  1. Exclusive Fed planning for potential default
  2. Pentagon braces for much deeper military spending cuts as part of debt deal
  3. Signs of global slowdown mount; debt crisis weighs
  4. $140B loan package to rescue Greece, euro
  5. Europe agrees sweeping new action on debt crisis
  6. EU leaders meet in last-ditch talks to save the euro amid debt crisis that 'threatens Britain'
  7. Crime warning as one in 10 police officers face axe in Government policing cutbacks
  8. Inflation 'could hit 20-year high' as banks warn of 5.5% rate
  9. Squeezed shoppers switch to budget supermarket own-label products
  10. States negotiating immunity for banks over foreclosures

Thursday - July 21, 2011:

  1. China urges U.S. to boost confidence in debt, dollar
  2. Debt 'cure' is going to hurt
  3. Huge deficit-cutting bill sails through GOP House
  4. Ron Paul: 'We will default'
  5. Germany, France reach accord on Greek bailout
  6. Postmaster says days are numbered for Saturday mail delivery

Wednesday - July 20, 2011:

  1. Tim Geithner Warns U.S.: Debt Default Means 'Lights Out' And A New Depression
  2. ASIA: Rush for gold as a shelter against debt
  3. Gold reaches historic £1,000 an ounce as edgy investors seek safety in eurozone crisis
  4. BofA reports worst ever loss, margins shrink
  5. California -- bad for business
  6. Changes in Greek economy baffle
  7. European banks see debt threat in U.S. as well as at home
  8. SF To Shutter Courtrooms; Lay Off 200 Workers
  9. Weak trading bites into Goldman profits

Tuesday - July 19, 2011:

  1. Gold above $1,600 as extends record winning streak
  2. Moody's suggests U.S. eliminates debt ceiling
  3. Eurozone default could trigger Lehmans-style crisis, says Trichet
  4. Barclays faces large loss in Russian exit
  5. Borders to liquidate remaining stores
  6. Cisco to lay off 6,500 workers and sell Juarez plant
  7. Philips dims outlook after shock 1.3 billion euro loss
  8. U_S_ Consumer Confidence Now Lower Than At Height Of Global Recession
  9. South Korean president orders tougher inflation fight
  10. Obama's debt-ceiling debacle

Monday - July 18, 2011:

  1. Greek debt cut won't solve problem ECB's Weidmann
  2. Without debt deal, stocks may face rough week

Sunday - July 17, 2011:

  1. Treasury Congress must act on debt limit
  2. Economic crisis shows no sign of letting up with yet more grim news
  3. Europe’s banking system would be at risk in another downturn, stress tests find
  4. Fresh EU cash grab 'will force Treasury to raise VAT'
  5. Sorry to depress you but there will have to be even harsher spending cuts
  6. Desperate holiday firms offer discounts of over 50% as bookings slump

Saturday - July 16, 2011:

  1. Beijing warns Washington, a default would be a “disaster” for everyone
  2. S&P warns that chance of downgrading U.S. credit rating is 50 percent
  3. US debt standoff threatens to turn crisis into catastrophe
  4. Cain calls out Obama on debt ceiling 'scare tactics'
  5. Crunch European bank tests fail to quell doubts
  6. Euro falls amid stress-test anxiety
  7. Exclusive Germany, Italy may resist second IEA oil release
  8. Holidaymakers left high and dry as leading cruise travel agent stops taking bookings over mounting debts
  9. Proposal to shutter Miami-Dade libraries draws fire

Friday - July 15, 2011:

  1. Moody's puts US rating on review for downgrade
  2. U.S. national debt dancing on the brink of a world crisis
  3. Warning: Inflation tsunami imminent
  4. Amid warnings, a possible debt compromise?
  5. EU in discord over extraordinary eurozone summit
  6. Euro plunges deeper into crisis as Greece's credit rating slashed to 'junk'
  7. Is Italy next to plunge into the abyss?
  8. Petrol pumps run dry as S Africa strikes bite

Thursday - July 14, 2011:

  1. U_S_ may lose top credit rating soon - Moody's
  2. Age of austerity to continue for decades, warns OBR
  3. Bernanke prepared to respond if economy worsens
  4. CHINA: With an eye on inflation, growth of Chinese economy slows
  5. UK may be hit by new Irish bailout after its credit rating downgraded to 'junk'
  6. EU declares war on agencies as Ireland's rating gets junk status
  7. Families face £260-a-year surge in food bills as prices jump by 6.5%
  8. Number of jobless on benefits rises at fastest rate for more than two years
  9. Texas' debt growing at faster rate than U.S. government's

Wednesday - July 13, 2011:

  1. Asian stocks plummet over Eurozone debt and US “default” fear
  2. Cisco Said to Plan Cutting Up to 10,000 Jobs to Buoy Profit
  3. Europe considers Greek default, leaders to meet
  4. Inflation falls back as the struggling High Street slashes prices in early summer sales
  5. Trade gap surges to nearly 3-year high on oil

Tuesday - July 12, 2011:

  1. Italian bailout fears grow as bond yields soar
  2. Will euro debt crisis swallow Italy next?
  3. Weak 2nd Quarters Expected for Wall Street Banks
  4. Blow to Osborne as shrinking economy fuels new fears of double dip recession
  5. China's Wen says inflation top priority, more tightening seen
  6. Millions give up on sunshine holidays as hard times and exchange rate make Europe too expensive
  7. Minnesota shutdown still going strong
  8. Southern Cross to lose ALL of their care homes putting future of 31,000 pensioners in doubt

Monday - July 11, 2011:

  1. Exclusive EU calls emergency meeting as crisis stalks Italy
  2. China June import growth weakest in 20 months

Sunday - July 10, 2011:

  1. Analysis: Belt-tightening may squeeze economy, markets
  2. China’s economy collapsing
  3. US jobs growth stalls, setting back recovery hopes
  4. Street lights are switched off in HALF of Britain as town halls try to cut energy bills

Saturday - July 9, 2011:

  1. 'Perfect Storm' Coming for Global Economy in 2013: Roubini
  2. UK chain retailers 'closing 20 stores a day'
  3. Where will Washington find $4 trillion in cuts
  4. Flat jobs data signal weakest recovery in decades
  5. Fuel sales fall by a BILLION litres (which is a £637m hole in the Treasury's tank)
  6. British Gas raises gas and electricity prices

Friday - July 8, 2011:

  1. Exclusive Treasury secretly weighs options to avert default
  2. ECB raises interest rates despite debt crisis
  3. Jobless '99ers' have fallen through the safety net
  4. 140,000 Filipinos 'could lose jobs in Saudi'

Thursday - July 7, 2011:

  1. Analysis: Worries on debt ceiling bubble beneath surface
  2. Moody's warns over China bad debt
  3. China raises rates, shrugs off slowing growth
  4. Portugal downgrade hits European bank shares
  5. EU slams ratings agencies after Portugal downgraded
  6. The Greeks are doomed with or without a loan
  7. The council that sacked all 6,500 staff... and will only re-hire them if they agree to take a pay cut
  8. Families face ever tighter squeeze as droughts and floods force food prices up by 6%
  9. FDIC backs pay clawback in bank liquidations
  10. Salaries slashed for public sector employees

Wednesday - July 6, 2011:

  1. Banks arrange meeting to thrash out Greece aid plan
  2. Greek bailout challenged in Germany's constitutional court
  3. Bombardier jobs: Britain's last train-making company axes more than 1,400

Tuesday - July 5, 2011:

  1. MPs misled over impact of welfare changes on homelessness
  2. S&P warning adds default threat to Greece's bailout

Monday - July 4, 2011:

  1. Greek sovereignty to be massively limited - Juncker
  2. Banks cutting principal on some mortgages report
  3. Shutdown cost will bring sticker shock
  4. Housing benefit cuts could leave 40,000 homeless

Sunday - July 3, 2011:

  1. Minnesotans frustrated, angry over state government shutdown
  2. Obama says ending tax breaks required to cut deficit
  3. Debt ceiling Deficit battle shaping up as a Republican victory
  4. Charities threaten legal action over benefits cuts for disabled

Saturday - July 2, 2011:

  1. Geithner Said to Consider Leaving Treasury After Debt Debate
  2. Lockheed Martin to lay off 1,500
  3. Minnesota shutdown begins after state budget talks fail
  4. In Yemen, attacks fuel economic collapse

Friday - July 1, 2011:

  1. Inflation in China pork prices up 70 per cent in a year
  2. Greek austerity plan fuels violent riots
  3. Taxpayer-backed Lloyds axes 15,000 jobs... but promises not a single branch will close
  4. Judge orders most services to go dark
  5. Milwaukee schools to lay off 354 teachers
  6. More than 11,000 schools affected by strikes: UK
  7. U.S. caught China buying more debt than disclosed
  8. Barack Obama tells Republicans to take on sacred cows over borrowing talks

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