Ecomomic Crisis
Daily News and Updates

Wednesday - March 31, 2010:

  1. G20 sounds warning note over new bank rules
  2. Half of Commercial Mortgages to Be Underwater
  3. Postal Service to file five-day-delivery proposal
  4. U.S. Economy: Consumer Confidence, Home Prices Rise

Tuesday - March 30, 2010:

  1. Ireland poised for new bank bailout
  2. Sarkozy Urges New World Finance Rules in US Speech
  3. UK's AAA credit rating in danger

Monday - March 29, 2010:

  1. Washington Mutual files Chapter 11 plan
  2. Iceland hopes for IMF review within weeks

Sunday - March 28, 2010:

  1. Illinois proposes cutting nearly 30% of state troopers
  2. Boeing slashes benefits for 600 nonunion military-support employees
  3. Marlin Firearms to Close Next Year
  4. Regulators shut 2 Ga. banks, 1 in Fla., 1 in Ariz.
  5. Spike in repossession of jets, yachts, other luxury goods
  6. Toyota Suspends Europe Production
  7. Toyota to Idle Plants in Europe
  8. Labour's secret plans to axe tens of thousands of NHS jobs
  9. Dollar Heads for Biggest Quarterly Gain Versus Euro Since 2008
  10. Why the new health care reform will be a financial disaster

Saturday - March 27, 2010:

  1. Britain faces losing power over its own Budget under new plans for an 'economic Government of the EU'
  2. New type of inflation in China, Brazil, India, elsewhere
  3. Obama housing plan seeks to reduce mortgage debt
  4. Personal income falls 2.5% in California
  5. The £4.75billion raid on private pensions
  6. Con Edison To Jack Up Rates 12.6 Percent Over Next Three Years
  7. U.S. Economy: Profit Surge May Help Broaden Expansion

Friday - March 26, 2010:

  1. Euro slides amid fears over Portuguese austerity package
  2. States shed government jobs as revenue plummets
  3. Half of U.S. Home Loan Modifications Default Again
  4. Post Office Moving Forward With 5-Day Delivery Plan
  5. To save New York, tax Wall Street
  6. 2,000 jobs at risk as Jarvis collapses into administration
  7. Budget- Cuts of more than 25% in Whitehall needed to fill £46bn black hole in Darling's figures

Thursday - March 25, 2010:

  1. California Reeling - California, in Financial Crisis, Opens Prison Doors
  2. Euro falls as Portugal's ratings are cut and EU struggles to agree on Greece
  3. Investing in gold Will gold rise to $2,000
  4. Obama urges Democrats to make hard push on financial regulation
  5. Ohio State U. to hike tuition 8.5 percent
  6. Ukraine may receive $6 billion loan from IMF

Wednesday - March 24, 2010:

  1. AP analysis: Average county was stressed in Jan
  2. MGM stares down the bankruptcy barrel
  3. U.S. school districts eye consolidation
  4. Moment of Truth for Europe's Common Currency
  5. Inflation rate falls sharply to 3% as weak economic growth drags down consumer prices
  6. Senate Bank Panel Clears Bill on Regulation
  7. Senate panel passes sweeping financial-regulation bill

Tuesday - March 23, 2010:

  1. Retailers respond to declining sales by shrinking stores
  2. Walker's World: The looming debt

Monday - March 22, 2010:

  1. House prices force couples to delay marriages and families, survey shows
  2. Minister China likely to see trade deficit

Sunday - March 21, 2010:

  1. Obama Tells Congress Act Soon on Financial Reform
  2. Bad management, not short-sellers, caused financial crisis
  3. U.S. FDIC shuts down 7 banks, 2010 total now 37
  4. City Tally Cites Big Spike in Number of Homeless
  5. World's slums grow despite rapid economy growth U.N.
  6. Thousands of BA flights canceled as crew on strike
  7. Goldman executives get big 2009 fund payouts

Saturday - March 20, 2010:

  1. Beijing thinking about revaluing the yuan
  2. Federal Reserve Must Disclose Bank Bailout Records
  3. Gas Prices Hit Highest Level Since 2008
  4. Lloyds forecasts surprise return to profit... just a month after reporting £6.3bn loss
  5. Report More multi-generation households
  6. STRIKE: British Airways Cabin Crew Strike Talks Collapse

Friday - March 19, 2010:

  1. Greek PM gives European leaders a week to produce rescue plan
  2. Walgreens - no new Medicaid patients as of April 16 (Seattle)
  3. Start spending cuts now, EU tells Britain in blow to Darling and boost to Tories
  4. Toyota to hand off pension bill to U.S. freep_com Detroit Free Press
  5. Britain cuts 166 in Cyprus military staff
  6. University budgets to be slashed by up to 14%
  7. University cuts are already a reality - Alex Callinicos
  8. Data points to modest recovery, muted inflation

Thursday - March 18, 2010:

  1. EU attacks 'optimistic' economic outlooks
  2. World Bank tells China to tighten policy
  3. Deficits making U.S. military nervous
  4. N.J. gov. calls for massive budget cuts
  5. Doctors dropping out of Medicaid
  6. Financial reform efforts pit US against Europe
  7. AIG Draws $2.2 Billion More From Treasury to Bolster Units
  8. Cuts at UC Davis Sharing services, consolidating jobs
  9. Global picket line threatens BA chaos
  10. Investors slow to return to bull market stocks, funds

Wednesday - March 17, 2010:

  1. Beijing, Tokyo drop US Treasury bills as China faces inflation and bad debt
  2. INDIA: Record inflation as food prices climb steeply
  3. Obama Aides See ‘Extended Period’ of Unemployment
  4. Plan would close 45 Detroit schools
  5. Record number of Chinese unhappy over inflation
  6. Shell to cut a further 1,000 jobs
  7. UK taxpayer 'WILL pay tens of billions of euros for Greek rescue'

Tuesday - March 16, 2010:

  1. Social Security to start cashing Uncle Sam's IOUs
  2. Sen Dodd boosts Fed in new financial reforms
  3. States cut, cut, cut to meet leaner times
  4. States streamline, reorganize amid fiscal crisis
  5. U.S., U.K. Move Closer to Losing Rating, Moody’s Says

Monday - March 15, 2010:

  1. China rejects foreign calls for yuan revaluation

Sunday - March 14, 2010:

  1. Sales tax rates hit record highs across nation
  2. Regulators shut banks in NY, Florida, Louisiana
  3. Bonus tax 'won't be used to cut deficit': Windfall from bankers to go on more spending
  4. What makes the euro a better currency than the dollar?

Saturday - March 13, 2010:

  1. Big ax looming at the FDNY Threat of 1,000 layoffs, closing of 62 fire companies
  2. Is China broke Hidden debt burdens Asia giant
  3. New round of foreclosures threatens housing market
  4. States may hold onto tax refunds for months
  5. Mortgage approvals fall by half
  6. Greece debt: EU agrees bailout deal
  7. Union representing British Airways cabin crew announces 7-day strike
  8. Regulators shut LibertyPointe Bank in NYC
  9. The coming runaway inflation

Friday - March 12, 2010:

  1. US budget deficit hits record $221bn
  2. Foreclosures Smallest Uptick in 4 Years
  3. Jobless claims fall, trade gap narrows
  4. Kansas City shuts 26 of 59 public schools
  5. Politics, shaky economy create no rush to restructure Fannie and Freddie
  6. Watchdog: GMAC bailout could cost taxpayers $6.3B
  7. Santa Clara, San Mateo counties post gains, but jobless rate still leaps sharply
  8. Senator Calls For Aggressive Financial Reform, Deplores Current 'Incremental' Steps
  9. Trade Gap in U.S. Unexpectedly Falls as Oil, Auto Imports Drop

Thursday - March 11, 2010:

  1. Good Times- Israel's GDP, Jobs, Consumer Confidence Up, Up, Up
  2. The debt that lies beneath
  3. Unemployment rises in 30 states in January
  4. 'Overly generous' gov't pensions a burden
  5. CHINA: Exports and imports rise sharply, inflations follows
  6. Brown freezes top public sector pay
  7. Greek nationwide strike to shut down public services
  8. Northern Rock more than 4% of mortgage customers are in arrears
  9. Gazprom Neft posts 35% US GAAP net profit plunge in 2009
  10. Russian car sales fall by third year-on-year in January-February

Wednesday - March 10, 2010:

  1. Europe bars Wall Street banks from government bond sales
  2. Newsom orders layoffs for 15,000 S.F. workers but plans to hire back most on part-time basis
  3. Looook how many zeroes in deficit now!
  4. Crisis threatens higher education across Europe, report says
  5. Why Every Nation Cooks Its Books

Tuesday - March 9, 2010:

  1. Kansas City wants to close half its public schools
  2. Obama eyeing your retirement account?
  3. Short-Sale Program Will Pay Homeowners to Sell at a Loss
  4. State parks get hit in budgets
  5. The Coca-Cola tax: New York mayor proposes 12 cents-a-can levy on sugary soft drinks
  6. Walker's World Running out of ammo
  7. Portugal follows Greece down austerity path
  8. Proposal for European Monetary Fund Wins EU Support
  9. Russia May Scrap Ruble for New Customs Union Currency
  10. Civil service strike under way
  11. Icelanders reject full repayment to British, Dutch caught in bank collapse
  12. Stocking up on meds and ammo, NOW!

Monday - March 8, 2010:

  1. Employer-consumer standoff is key to economy
  2. Whitehall strike over cut in civil service redundancy payouts

Sunday - March 7, 2010:

  1. 15,000 workers to get shorter work weeks
  2. 'We will not offer Greece a cent': German economy minister deals hammer blow to Athens
  3. Greece, U.K. give views of debit crisis coming to United States
  4. National debt is growing, but how much does it matter
  5. Regulators close banks in four states
  6. US public 'will pay Obama’s $90bn bank levy’

Saturday - March 6, 2010:

  1. Detroit Warns of Bankruptcy as It Prepares Bond Sale
  2. Greek parliament approves $6.55-billion austerity package
  3. Nonfarm payrolls fall 36,000; jobless rate 9.7%
  4. Oil Rises to Highest Level in Almost 8 Weeks on U.S. Job Report
  5. Real estate boom in China prompts fears
  6. Rep. Barney Franks warns of Fannie, Freddie risks
  7. HSBC chief gets £800,000 rise

Friday - March 5, 2010:

  1. Bank keeps rates at record low as house prices plunge 1.5%
  2. Let the housing market stand on its own
  3. US taxpayers hit as TARP takes a new turn
  4. Companies expected to start hiring in spring
  5. MPs to get 1.5% pay rise

Thursday - March 4, 2010:

  1. This year, US public debt could reach end game
  2. Wal-Mart pinched by consumer belt-tightening as US sales fall
  3. Mail delivery - time for open competition?
  4. The deli that's for window shoppers only- Fake shopfronts built
  5. Patients hit as NHS cash crisis forces big cutbacks

Wednesday - March 3, 2010:

  1. Greek PM says sacrifices vital to avert bankruptcy
  2. Postal service delivers bad budget news
  3. Banks Raise Pay as U.K. Efforts to Cut Bonuses Fail
  4. Goldman Board Rejects Shareholder Demands on Pay
  5. Russian government seeks foreign investment for auto industry

Tuesday - March 2, 2010:

  1. Reports show modest but steady economic recovery
  2. Canada's economy grows at fastest pace since 2000
  3. U.S. Consumer Spending Increases More Than Forecast
  4. Athens, E.U. appear closer to a deal on Greek debt crisis
  5. Now back to reality ----

  6. Don't go wobbly on us now, Ben Bernanke
  7. California is a greater risk than Greece, warns JP Morgan chief
  8. 'Buy farmland and gold,' advises Dr Doom
  9. Medicare will delay claims to ease fiscal pain
  10. Senate impasse puts federal employees out of work
  11. USDOT Furloughs to Shut Down Critical Construction Projects
  12. Head of IMF Proposes New Reserve Currency
  13. TNK-BP reports 28% net profit drop to $5 bln in 2009

Monday - March 1, 2010:

  1. Federal jobless benefits out of reach
  2. Transportation Layoffs Said to Be Weighed as U.S. Funds Expire
  3. Ukraine's economy shrank 15% in 2009

Archives --

  • February 2010
  • January 2010
  • December 2009
  • November 2009
  • October 2009
  • September 2009
  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
  • December 2008
  • November 2008
  • October 2008
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