Ecomomic Crisis
Daily News and Updates

Tuesday - March 31, 2009:

  1. 5 things to know this week
  2. Africa Israel reports NIS 4.9b. '08 los
  3. Bank plan a cure-all Don't bet on it
  4. Chrysler said it has deal; GM on ropes
  5. Double-digit unemployment looms, OECD tells G8
  6. Dow falls 254 on auto, financial woes
  7. Exporters suffer anti-Israel boycotts
  8. Leviev company posts $426 million loss
  9. LUKoil's net profit down 83% in fourth quarter of 2008
  10. Nationwide gets £1_6bn from government to take over Dunfermline building society Business
  11. Obama's tough auto stance may include bankruptcy
  12. Pension insurer shifted to stocks
  13. Putin pledges state bailout to save struggling auto giant
  14. Qatar emir cites economic 'turmoil'
  15. Russian Communist Party demands government's resignation
  16. Russia's car market may shrink 60% in 2009
  17. Seniors said struggling with bankruptcy
  18. Toyota suspends production at St. Petersburg plant for 6 days
  19. World Bank predicts 4_5% decline in Russia's GDP in 2009
  20. Which country will be first to default?

Monday - March 30, 2009:

  1. Deal to hike taxes on New York's richest
  2. Geithner won't say if more bailout money needed

Sunday - March 29, 2009:

  1. Bosnia's jobless rate at 43 percent and rising
  2. Congresswoman Hands off dollar!
  3. G20 marches begin week of protests in Europe
  4. Thousands protest G20 summit
  5. G20 report urges more financial risk prevention
  6. Global financial crisis not yet peaked in Russia - aide
  7. Overhaul Targets Money Market
  8. Region's Jobless Rate Up Sharply, Despite Federal Work
  9. Russia proposes increasing IMF pool by $0.5-1 trillion
  10. The Jewel Trade's Fading Luster
  11. The march to a global currency

Saturday - March 28, 2009:

  1. 7 states see unemployment rates in double digits; full list
  2. Bank plan buys time, but that's all
  3. Default Rate Rises for Student Loans, U.S. Reports
  4. Kill 'bad GM' so 'good GM' can survive
  5. Obama tries to save Wall St, Detroit
  6. Omni National Bank in Georgia Shut, 21st U.S. Failure
  7. U.N.'s Ban says slump may lead to political crisis
  8. Johnson Controls to cut more jobs, close 10 plants

Friday - March 27, 2009:

  1. Canada investigates high credit card fees
  2. Senate Democrats move ahead with budget plan
  3. The Raw Story Economy shrinks most in 25 years; Unemployment continues climb
  4. U.S. economy shrinks, profits plunge in Q4

Thursday - March 26, 2009:

  1. Obama Denounces Global Currency While Creating The Very Means For Its Introduction
  2. Montana Legislation Would Allow Payments in Precious Metals
  3. Czech Republic joins East Europe's falling dominoes
  4. Democrats Take Knife To Obama's Budget
  5. Fed begins move that could sink dollar
  6. IBM to cut 5,000 jobs in U.S.
  7. Postal service could run out of money in ’09
  8. Czech government collapses ahead of EU summit
  9. S. Korean economy to shrink, official says
  10. Brown spooked by the markets: PM accused of heading down 'the road to hell'

Wednesday - March 25, 2009:

  1. Brawl over Obama budget brews in Congress
  2. Britain cannot afford any further fiscal stimulus, Mervyn King warns
  3. Geithner calls for new powers to regulate
  4. How to fix the global economy
  5. IMF Offers New Tools To Combat Downturn
  6. U.S. Seeks Expanded Power to Seize Firms
  7. World's airlines seen losing billions this year

Tuesday - March 24, 2009:

  1. JPMorgan Chase To Spend Millions on New Jets and Luxury Airport Hangar
  2. China ready to discuss new reserve currency at G20 summit
  3. Foreign firms vie for stimulus funds
  4. Goldman Looks to Cut ICBC Stake
  5. Got gold? You're right on the money
  6. IMF says clean up banks to tackle dire world crisis
  7. GOP predicts doomsday if Obama budget passed
  8. Shelby U.S. faces 'financial destruction'
  9. Sweden Says No to Saving Saab
  10. U.S. existing home sales rose in February

Monday - March 23, 2009:

  1. Bank of Israel May Lower Key Rate to Record Low Monday
  2. Economy causing horse crisis People 'giving up their animals'
  3. G20 must address collapsing world trade, says UK
  4. Pay cuts, some said to be hefty, at BBC

Sunday - March 22, 2009:

  1. GOP Obama budget spends, taxes too much
  2. Obama to propose regulatory overhaul
  3. Official AIG bonus estimates grow
  4. Regulators close banks in Georgia, Colorado, Kansas; 20 bank failures so far this year
  5. Treasury to unveil bank rescue bid soon
  6. Half of US auto suppliers face bankruptcy-study
  7. Why the Banking Crisis Is Far From Over
  8. Zoellick Calls 2009 a ‘Dangerous Year’ as Crisis Curtails Trade

Saturday - March 21, 2009:

  1. Budget deficit to hit $1.8 trillion this year
  2. Argentine farmers block roads, call strike over soy taxes
  3. Colorado National fails, to reopen as Herring Bank of Texas
  4. Courts need more staff to manage spike in bankruptcy filings
  5. Fluke Credit crisis was a heist
  6. Ohio's February jobless rate highest since 1984
  7. Regulators take over two credit unions
  8. Sony Ericsson warning stuns ailing mobile sector
  9. U.S. Budget Office offers darker economic and deficit outlook
  10. U.S. Postal Service to cut 1,400 jobs
  11. California unemployment rate hits 10.5 percent
  12. Xerox shares plummet after profit warning

Friday - March 20, 2009:

  1. Administration Plans to Loan $5B to Auto Parts Manufacturers
  2. Dollar slides after US Fed plan
  3. Chavez Runs Short of Cash for Takeovers as Oil Slumps
  4. China backs talks on dollar as reserve -Russian source
  5. China encourages U.S. economic steps
  6. Government borrowing soars to £75bn (UK)
  7. Greece freezes public-sector pay, adds tax
  8. In AIG flap, it's not just about bonuses anymore
  9. KeyBank Lays Off 120 Workers
  10. Mexican tariffs on 89 US products take effect
  11. Mexico's new tariffs could cost Oregon millions
  13. Sarkozy under pressure as three million take protesting WORLD
  14. Timken Cutting 14 Percent Of Workers At Plant
  15. U.N. panel says world should ditch dollar Reuters_com
  16. U_N_ PANEL SAYS WORLD SHOULD DITCH THE DOLLAR World leaders discussing move to single currency
  17. U.S. jobless rolls swell to record 5.47 million

Thursday - March 19, 2009:

  1. Bailing out banks merely prolongs pain and problems
  2. Caterpillar cuts another 2,454 jobs
  3. Fed buying $300 billion in Treasurys, more mortgages
  4. Fed to Pump $1.2 Trillion Into Markets
  5. Federal officials investigate WaMu failure
  6. Mexico moves to protect consumer in U.S. trade spat
  7. Nokia to lay off 1,700 worldwide
  8. Russia wants to start debate on new reserve currency at G20
  9. Trade Barriers Could Threaten Global Economy
  10. U.S. inflation rises, trade gap shrinks sharply

Wednesday - March 18, 2009:

  1. Aided by Financial Crisis, China Snaps Up Natural Resources Worldwide
  2. Nokia to cut 1,700 jobs in sinking phone market
  3. Stimulus plan Spend now, details later (promise)
  4. Retirement delayed or canceled, many say

Tuesday - March 17, 2009:

  1. 60 layoffs are first in Lincoln company's 56 years
  2. AIG massive payments to banks stoke bailout rage
  3. Cuomo to Subpoena A.I.G. for Bonus Information/a>
  4. Dow falls 7; 4-day rally runs out of gas
  5. Fed-up Americans mobilize More than 150 tea parties
  6. 'Tea Party' Protesters Angry Over Stimulus
  7. Financial crisis slams Russia’s billionaires
  8. German and French banks got $36 billion from AIG Bailout
  9. Is your bank healthy? How to tell
  10. Md. County Budget Blueprints Cut Jobs, Services/a>
  11. Negev Survey: 58% of Factories Will Lay Off Workers
  12. New York Manufacturing Index Slumped to Record Low
  13. Obama, Geithner both failing economics
  14. Russian banks grant $57 bln in loans to core enterprises
  15. Treasury close to bank rules proposal
  16. U.S. output plummets, manufacturing at record low
  17. U.S. credit card defaults rise to 20 year-high

Monday - March 16, 2009:

  1. Bailout King AIG to Pay Millions in Bonuses
  2. Summers AIG exec bonuses 'outrageous'
  3. Consequence of boom-years borrowing hits churches
  4. More than 26,000 California teachers to get pink slips
Sunday - March 15, 2009:
  1. American Axle says it's also on the brink
  2. Calif. budget plan leaves $8 billion hole
  3. Cash-hungry U.S. states turn to Web to auction goods
  4. G20 backs rescue funds boost as summit looms
  5. Global Agenda: Of banks and bankers (1)
  6. Ill. budget gap widens to $11.5 billion
  7. Mass protest in Lisbon against govt policies
  8. U.S. autos task force hires bankruptcy lawyer
  9. Stocks Soar, But Dismal Signs Remain
  10. Treasury soon to offer details on toxic-asset plan

Saturday - March 14, 2009:

  1. China is worried about its US assets, says premier
  2. Economic Meltdown Update: An “Unprecedented” 45% Of World’s Wealth Has Been Destroyed
  3. Swiss in currency sell-off to fight deflation
  4. World Bank urges divided G20 to fix banks
  5. World mints report soaring demand for gold coins Reuters_com

Friday - March 13, 2009:

  1. France and Germany reject US push for more spending
  2. German industry is 'war zone' as recession causes export collapse
  3. Russia's anti-crisis package to hit 12% of GDP in 2009 - Putin
  4. U.S. Household Net Worth Had Record Drop Last Quarter

Thursday - March 12, 2009:

  1. 7 states post jobless rates above 10%
  2. AOL Hands Out Pink Slips, Plans to Cut 10% of Staff
  3. China exports dive, U_S_, Britain position for G20
  4. China Exports Down 25 Percent
  5. IMF deal best bet for show of progress from divided G20
  6. LA schools sending 9,000 layoff notices
  7. Laid-off broker allegedly turns to crime
  8. Now-needy FDIC collected few premiums from banks for decade
  9. Obama urges global unity to jolt economy
  10. Some Banks, Citing Strings, Want to Return Federal Aid
  11. Toyota cuts UK pay and production by 10%

Wednesday - March 11, 2009:

  1. AIG's Small London Office May Have Lost $500B
  2. Dow Ends up Nearly 380 on Citigroup Profit News
  3. Hedge funds to cut 20,000 jobs in 2009
  4. IMF warns of global Great Recession
  5. Number of job openings down 31 percent
  6. Regulatory reports show 5 biggest banks face huge loss risk
  7. RV maker Fleetwood files for bankruptcy
  8. TCS may cut 1,300 jobs
  9. House Dems eyeing another stimulus bill
  10. Thousands of LAUSD employees face layoffs under new plan
  11. United Technologies to cut 11,600 jobs

Tuesday - March 10, 2009:

  1. Buffett: Economy has 'fallen off a cliff'
  2. Four largest TARP recipients spent billions on 'questionable transactions': memo
  3. Japan hits first current account deficit in 13 years
  4. Japan Leads Rich Nations Downward
  5. JPMorgan to up outsourcing to India by 25%
  6. McClatchy plans to eliminate 1,600 jobs
  7. Merck buying Schering-Plough in a $41.1B deal
  8. Slaughterhouse workers attack boss to protest layoffs
  9. Trump Baja venture leaves buyers high and dry
  10. U.S. Downturn Dragging World Into Recession
  11. HSBC Plunges Record 24% in Hong Kong on Late Trades

Monday - March 9, 2009:

  1. Pomona broadcasting school signs off
  2. Recession will likely be longest in postwar era
  3. Top Republicans say banks should be allowed to fail
  4. World Bank Global economy to shrink in 2009

Sunday - March 8, 2009:

  1. For small companies, cuts go deeper
  2. Government takes over Lloyds Business
  3. Obama: U.S. must make 'tough choices'
  4. School gets 700 applicants for janitorial job

Saturday - March 7, 2009:

  1. ArcelorMittal Cleveland halts steel operations, leaving 250 workers to maintain plant
  2. Corporate America's Icons Crumbling Under Global Recession
  3. Stocks suffer their worst week since November

Friday - March 6, 2009:

  1. Bank of England cuts interest rates to 0_5% and starts quantitative easing
  2. Citigroup shares touch $1 for first time ever
  3. Dow falls 281 to 12-year low
  4. Expected dire jobless numbers to add to woes
  5. Factory orders fall for record sixth month
  6. GM says it will go bust in days without new US bail-out
  7. One in 8 U.S. homeowners late paying or in foreclosure

Thursday - March 5, 2009:

  1. Britain's Brown says 'economic hurricane' has swept the world, warns against US protectionism KDRV
  2. China promises vigorous spending program
  3. Cuts Concern Hundreds of Teachers
  4. Russian scholar says US will collapse — next year
  5. Recession a catastrophe for charities
  6. Report sees Gulf oil economies shrinking in 2009
  7. Tyco Electronics Announces Additional 20,000 Job Cuts
  8. U.S. private sector cuts 697,000 jobs in February

Wednesday - March 4, 2009:

  1. Auto Sales Plunge as Buyers Snub Incentives
  2. U.S. auto sales fall as recession deepens
  3. Chinese leaders confront economic crisis
  4. Consumer confidence hits 5-year low
  5. Downturn to be considerably deeper than IMF forecast OECD
  6. Obama, Brown urge global action on economy
  7. Rudd: let the weak go under

Tuesday - March 3, 2009:

  1. A 300-point loss drops Dow below 6,800
  2. AIG has $61.7 billion loss, new U.S. aid may not be last
  3. Asian stocks tumble on US gloom
  4. HSBC cuts jobs amid fall in profits
  5. British PM seeks joint crisis front with Obama
  6. Dow ends below 7,000 for first time since '97
  7. EU says crisis worst in memory, to fight protectionism
  8. HSBC in $18 billion rights issue, retreats from U.S.
  9. Is it finally time to use the dreaded D-word
  10. States' budget woes will outlast the recession
  11. 'There will be blood!'
  12. Trading in HSBC shares suspended in Hong Kong
  13. VIX Premium Shows Stocks Bear Market Lasting 2 Years
  14. World stocks fall on US economic slump, bank woes
  15. Worst job losses in 60 years expected

Monday - March 2, 2009:

  1. 3 banks promise $30B for Eastern Europe
  2. Abu Dhabi reviewing Citigroup investment sources
  3. AIG near deal on new terms of U.S. bailout source
  4. Some nonprofits can't touch their money
  5. As Italy's Banks Tighten Lending, Desperate Firms Call on the Mafia
  6. EU calls for East Europe transparency
  7. Intel, TSMC to unveil strategic tie-up on Monday
  8. Job Losses Probably Escalated in February: U.S. Economy Preview
  9. Mafia prospers as credit dries up in Italy
  10. States' budget woes will outlast the recession
  11. Germany rejects bailout plan for east EU nations
  12. Under Weight of Its Mistakes, Newspaper Industry Staggers - washingtonpost_com

Sunday - March 1, 2009:

  1. China's educated unemployed skyrocketing
  2. Citigroup's Latest Rescue Plan May Still Not Be Enough
  3. GM Europe restructures Opel as a separate unit
  4. HSBC looks to raise $18 billion
  5. Huge home in foreclosure doesn't muster one bidder
  6. Hundreds protest stimulus in St. Louis
  7. Latham & Watkins Cuts 190 Lawyers
  8. Economy issues spawn ministry layoffs
  9. 'Tea parties' denounce spending trillions
  10. TEA PARTY Forum 2009
  11. Berkshire reports a 96 percent drop in 4Q profit

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