Ecomomic Crisis
Daily News and Updates

Thursday - March 31, 2011:

  1. China economist blasts dollar dominance on eve of G20
  2. Greek credit rating slashed to below Egypt's
  3. Schools prep for turmoil as layoffs loom
  4. Ohio bargaining limits prevail; unions vow fight
  5. UK: Take-home pay falls for the first time in 30 years

Wednesday - March 30, 2011:

  1. Fed's Bullard could trim bond buying by $100 billion
  2. Michigan governor cuts jobless benefits for 2012
  3. Budget cuts hit police with more than 2,000 officers forced to retire: UK
  4. Portugal bailout possible as S&P delivers credit rating cut
  5. Tech firms fret over length of Japan disruption

Tuesday - March 29, 2011:

  1. Euro-crash rolls on
  2. UK: £1,000 blow to your pay packet in just 2 years

Monday - March 28, 2011:

  1. Irish bank tests to show 20 billion euros hole report

Sunday - March 27, 2011:

  1. Corporate Profits At All-Time High As Recovery Stumbles
  2. Court orders halt in foreclosures
  3. Europe wrestles with debt crisis
  4. Protesters Erupt As New Hampshire GOPers Move Anti-Union Bill That Goes Farther Than Walker's
  5. House committee to vote Tuesday on SB5 (Ohio)

Saturday - March 26, 2011:

  1. USPS solvency plan has layoffs, closures
  2. Postal Service to Cut 7,500 Managers
  3. Cal. Gov. It could get 'much, much worse'
  4. Consumer Confidence in U.S. Falls More Than Forecast on Rising Fuel Prices
  5. Cash-strapped shoppers buy less food but pay more for their weekly shop
  6. Customers flee banks as fees soar
  7. Select member states announce new austerity measures

Friday - March 25, 2011:

  1. ECB talks rate hikes, braces as Portugal crisis deepens
  2. So. Calif. layoff fight like a mini-Wisconsin
  3. School cuts raise doubts among some GOP voters
  4. BUDGET 2011 (UK): Middle earners squeezed AND you'll work longer for a pension

Thursday - March 24, 2011:

  1. Debt crisis: Portugal near govt. collapse
  2. Egyptian stock market opens, plunges
  3. Egypt halts trading Wednesday after index drops nearly 10%
  4. Nokia stalls painful job cut talks to end of April
  5. Sainsbury's reveals slowdown in sales growth
  6. State unemployment benefits in the crosshairs
  7. U.S. New-Home Sales Unexpectedly Decline to Record-Low 250,000 Annual Pace
  8. Budget 2011: George Osborne cuts fuel duty and reduces income tax

Wednesday - March 23, 2011:

  1. Interest rate rise fear grows as inflation hits a 20-year record
  2. Sony says supply-chain woes to affect 5 more plants
  3. True debt exceeds world GDP by $14 trillion

Tuesday - March 22, 2011:

  1. Bombshell! U.S. headed for 'great collapse'?
  2. Unemployment adds 9 million uninsured in U.S.

Monday - March 21, 2011:

  1. Citing pension costs, Costa Mesa, Calif., plans to lay off nearly half its employees

Sunday - March 20, 2011:

    Nothing to report this morning.

Saturday - March 19, 2011:

  1. US Cost of Living Hits Record, Passing Pre-Crisis High
  2. Calif. lawmakers make deep budget cuts
  3. Lloyds Banking Group cutting more jobs
  4. Mortgage lending stalls as worried buyers wait it out to see if economy improves
  5. Oil prices jump as UN approves military action in Libya

Friday - March 18, 2011:

  1. Brussels pushes common EU tax base
  2. Public sector workers being laid off far faster than officially predicted

Thursday - March 17, 2011:

  1. Economic hit from Japan quake seen up to $200 billion
  2. Food prices increase most in 36 years
  3. Inflation pressure bubbles, home building dives
  4. Oil prices may soar to $150-200 per bbl on Mideast unrest, Japan quake
  5. Apple clobbered by rare Wall Street downgrade, Japan looms
  6. Desperate for your debts: Barclays launches 20-month credit card transfer deal
  7. Osborne has got the cuts right, says OECD chief... but growth will be 'subdued'
  8. UK unemployment rises to 2.53 million
  9. Utility watchdog agency surprised by depth of budget cut
  10. State lays off 99 tax workers
  11. Taxes must soar to raise extra £82BILLION a year to pay for cost of baby boomers' pensions and health care

Wednesday - March 16, 2011:

  1. Japan crisis drives stock down
  2. Japan's stocks plummet as new blast rips Fukushima plant
  3. Fed comments rescue Wall Street from deeper Japan selloff
  4. Value for money at last: 20,000 state sector fat cats facing pay cuts of up to a fifth

Tuesday - March 15, 2011:

  1. Quake selloff wipes $287 billion off Tokyo stock market
  2. Rising prices could trigger another food crisis, UN says
  3. Schools to make up to a fifth of staff redundant, headteachers warn
  4. Walker's World Not normal times

Monday - March 14, 2011:

  1. West Michigan school chief warns staff of severe cuts, says Gov. Rick Snyder's budget aims to break teacher union

Sunday - March 13, 2011:

  1. EU leaders agree to boost bailout fund to over $600 bln
  2. Public worker strike paralyzes Italy
  3. Japan earthquake, tsunami spare major economic zones but threaten recession recovery

Saturday - March 12, 2011:

  1. Eurozone leaders meet amid debt turmoil
  2. February budget deficit highest ever for any month
  3. Mortgage data reveals a sharp drop in house sales
  4. Report Colorado unemployment worse than first thought
  5. Russia needs investment, geographical expansion to maintain oil production
  6. Stocks sink amid concerns out of China and Europe, continued turmoil in Arab world
  7. Warning: Double-dip recession on horizon
  8. Sanders introduces millionaire surtax to slash deficit

Friday - March 11, 2011:

  1. China posts trade deficit
  2. Euro zone debt crisis intensifies on summit eve
  3. Jobless Claims in the U.S. Rose 26,000 Last Week to 397,000
  4. Moody's cuts Spain's credit rating
  5. Northern Ireland adopts 'tough' budget
  6. Outside View: Trade deficit jumps, destroys nearly 3 million jobs a year
  7. AOL cuts 900 jobs worldwide, 20 percent of work force
  8. Bank of England holds interest rates at 0.5% AGAIN despite surging inflation
  9. Slow growth, political risks spur capital outflow from Russia
  10. Why world food prices may keep climbing

Thursday - March 10, 2011:

  1. China to spend 1.3 trillion yuan to cool housing market
  2. Northern Rock reports £232m loss in first results since restructuring
  3. Vanishing fast, the gold-plated private-sector pension

Wednesday - March 9, 2011:

  1. 'Make do and mend' is our new mantra: High Street sales fall as Brits tighten their belts
  2. OPEC mulls boosting output, Iran sees no need
  3. Thousands of officers face losing 'priority payments' of up to £5,000 per YEAR

Tuesday - March 8, 2011:

  1. Go easy on banks or we could leave UK, threatens HSBC
  2. London Stock Exchange mulls Nasdaq takeover report
  3. Moody's downgrade tips Greece closer to brink
  4. Pressure grows for independent audit of Greek debt
  5. As food prices soar, Japan braces for pain
  6. Gas up 33 cents — 2nd biggest 2-week jump ever
  7. Obama aide: Gas prices may risk recovery

Monday - March 7, 2011:

    Nothing to report this morning.

Sunday - March 6, 2011:

    Nothing to report this morning.

Saturday - March 5, 2011:

  1. California Democrats vote to cut programs
  2. Food crisis, Middle East unrest dash Russia's hopes for low inflation
  3. KYRGYZSTAN: More and more people disgruntled by rising inflation
  4. Oil prices rise again on further Libyan fighting
  5. Walker notifies unions layoffs imminent
  6. World food prices up for eighth month
  7. Yikes! You won't believe the real jobless numbers

Friday - March 4, 2011:

  1. FAO warns on oil as world food prices hit record
  2. UN food prices hit record high in February
  3. China aims to settle nationwide trade in yuan by 2011
  4. More Japanese in 20s in suicides over lack of job
  5. Ohio sets stage for national union-rights fight
  6. State Democrats Blast Call For Pension Cuts
  7. Trichet flags April ECB rate rise, stuns markets
  8. 100,000 Eastern European migrants now free to claim full benefits in Britain worth tens of millions of pounds after EU ruling

Thursday - March 3, 2011:

  1. Gold Prices Skyrocket to Record High
  2. Postal Service on path to be broke by October
  3. Providence to fire hundreds of teachers
  4. Bank of England governor blames spending cuts on bank bailouts
  5. Defence secretary forced to defend 11,000 ‘sad’ job cuts after redundancies branded ‘disgraceful’
  6. One in 10 adults is permanently overdrawn (and a third have been in the red in the last year)
  7. Police officers will have to accept pay cuts or jobs will be lost, says Home Secretary as she warns of two-year pay freeze

Wednesday - March 2, 2011:

  1. China's holdings of US debt larger than reported
  2. Did Jefferson see Obama's deficit coming?
  3. Gas rises as oil prices spike
  4. Wisconsin governor unveils deep spending cuts
  5. UK families hit hardest by surge in price of food than any other leading nation

Tuesday - March 1, 2011:

  1. Economists list U.S. budget deficit as No. 1 worry
  2. Ed Miliband warns of 'cost of living crisis' for 'squeezed middle'
  3. India unveils budget, bid to tackle inflation and fiscal deficit
  4. House prices record year-on-year fall
  5. Liverpool to bear brunt of cuts as Merseyside councils slash services
  6. Middle-class families 'to be £4,000 worse off'... but rich and poor are insulated from cost of living crisis
  7. Obama calls for 'shared sacrifice'

Archives --

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