Economic Crisis
Daily News and Updates

Friday - March 29, 2013:

  1. Cyprus banks to reopen with emergency restrictions on cash withdrawals
  2. Cyprus waits for its 'giant leap back into the dark'
  3. Cyprus foreign minister: the EU has taken us back to 1974
  4. EU commission asks for €11bn to plug budget gap
  5. Benefit cuts putting 200,000 children in poverty must be stopped, experts say
  6. More than 300,000 homes are foreclosed zombies, study says
  7. NZ's Telecom to slash over 1,000 jobs, more cuts to come
  8. Panasonic plans $2.7 billion of fresh restructuring
  9. Protesters march against Chicago school closures
  10. Small businesses spell big problems for Italy and Spain

Thursday - March 28, 2013:

  1. America's Economic Pearl Harbor Video Documentary, Watch Here
  2. EU lawmakers divided on compulsory bail-ins for savers
  3. Big savers could be liable for bank bail-ins, MEP warns
  4. Cyprus to reopen banks, impose capital controls

Wednesday - March 27, 2013:

  1. After Cyprus, eurozone faces tough bank regime - Eurogroup head
  2. Cyprus bailout deal with EU closes bank and seizes large deposits
  3. Cyprus readies capital controls to avert bank run
  4. Euro chief spooks markets with Cyprus comments
  5. Markets take fright at idea that Cyprus savings raid could become bailout model
  6. BRICS Nations Plan New Bank to Bypass World Bank, IMF
  7. Council cuts will bring local government 'to its knees'
  8. US student loan write-offs hit $3 bn in 1st two months of year

Tuesday - March 26, 2013:

  1. Cyprus clinches last-minute deal
  2. Cyprus reaches last-minute deal on 10 billion euro bailout
  3. IMF draft cuts 2013 U.S. growth forecast report
  4. Bank Of Cyprus Bomb Explosion Reported In Limassol

Monday - March 25, 2013:

  1. Crisis in Cyprus
  2. Cyprus seeks 11th-hour deal to avert financial collapse
  3. Farmland prices: Is the bubble about to burst
  4. Public sector workers face more job cuts, says Danny Alexander

Sunday - March 24, 2013:

  1. Cyprus bailout deal closer after MPs vote for bank shake-up
  2. Second UK credit downgrade looms as Fitch ratings agency puts AAA on watch
  3. FAA plans to close 149 towers because of budget cut
  4. Senate shoots down Ryan's budget, considers Democrat plan
  5. Senate Democratic budget extends standoff with GOP

Saturday - March 23, 2013:

  1. EU commission prepares ground for far-reaching economic powers
  2. Eurogroup boss: Cyprus levy is 'inevitable'
  3. Cyprus closes in on EU bailout, U-turn on levy
  4. Cypriots withdraw cash from ATMs as Parliament readies bailout vote
  5. €76.5 billion left Greek banks since 2009
  6. S&P Downgrades Cyprus’ Long-term Rating to ‘CCC’
  7. Chicago Public Schools closings

Friday - March 22, 2013:

  1. Cyprus seeks Russian rescue, EU threatens cutoff
  2. Cyprus to keep banks shut into next week as it seeks deal to avert disaster
  3. Europe sets Cyprus bailout deadline
  4. Senate approves huge 2013 spending bill
  5. UK debt pile to continue rising
  6. US to begin EU trade talks in three months

Thursday - March 21, 2013:

  1. Cypriot parliament says no to savings tax
  2. Eurozone crisis as it happened: Cyprus scrambles to secure new bailout
  3. Germany to Cyprus: your banks might never re-open
  4. The far-reaching implications of Cyprus' euro crisis
  5. Fed holds firm to stimulus plan despite brighter economy
  6. Dexia bank bail-out balloons Belgian budget deficit

Wednesday - March 20, 2013:

  1. Overproduction and monetary distortion the crisis of the Chinese giant and currency wars
  2. EU defiant over €5_8bn raid on Cypriot savings
  3. Cyprus seeks aid from Russia as Parliament votes down EU bailout
  4. Could Cyprus bank runs happen here?
  5. Energy bills push UK inflation to nine-month high
  6. Jobless rates rise in January in half of US states
  7. Suntech announces default, search for financing
  8. Some manufacturers say 'adios' to China

Tuesday - March 19, 2013:

  1. Raid on Cypriot deposits shakes Europeans' faith in savings
  2. Cyprus and Europe drag Asian markets down
  3. Cyprus Central Bank Orders Banks to Suspend Operations
  4. Euro Officials Signal Flexibility on Cypriot Bank Levy
  5. Russian Ruble, Stocks Nosedive on Cyprus Debt Crisis

Monday - March 18, 2013:

  1. Cyprus' savers bear brunt of unprecedented bailout
  2. Cyprus panic as savings levy is imposed
  3. Richard Fisher Says Too-Big-To-Fail Banks Need To Be Broken Up
  4. Is gold ready to turn?

Sunday - March 17, 2013:

  1. Cyprus secures bailout from eurozone, IMF
  2. Pentagon says furloughs for civilian workers can begin April 26

Saturday - March 16, 2013:

  1. Fragile Portugal gets more time on bailout goals
  2. Cyprus bailout seen shrinking due to tax on deposits
  3. Michigan to Take Over Detroit’s Finances

Friday - March 15, 2013:

  1. Obama's fiscal priority is averting slowdown, not balancing the budget
  2. Obama Says Budget Differences Could Be 'Too Wide' for a Deal
  3. Democrats slow to back Obama on Medicare and Social Security cuts
  4. Obama makes little headway with Republicans over deficit
  5. Private equity crash could trigger next wave of financial crisis, Bank warns
  6. Germany hails its finances as 'envy of the world'

Thursday - March 14, 2013:

  1. Obama tells Republicans a balanced budget is not top priority
  2. StratCom commander raises alarm about civilian cuts
  3. Bank receives 1.7m applications for 1500 jobs
  4. US Oil Headed for Steep Drop to $75 Pro

Wednesday - March 13, 2013:

  1. Bundesbank chief says eurozone crisis is not over
  2. Manufacturing slump sends sterling crashing to three-year low
  3. Senate bill aims to avert shutdown, lacks key budget powers
  4. Republicans unveil 10-year plan to shrink deficit
  5. FDIC Secretly Settling Bank Cases For Years With 'No Press Release' Clause: Report
  6. National Park Service prepares for sequester cuts
  7. China's Suntech to close its only U.S. solar panel plant

Tuesday - March 12, 2013:

  1. 300,000 Self-Employed Russians Quit Over Tax Hikes
  2. Paul Ryan Budget blueprint will promote repealing health care law

Monday - March 11, 2013:

  1. Fitch cuts Italy credit rating after election impasse

Sunday - March 10, 2013:

  1. J.C. Penney cuts an additional 2,200 workers

Saturday - March 9, 2013:

  1. The mathematically challenged Democrats
  2. Customs and Border Protection says thousands face furloughs
  3. Bank customers flee Cyprus
  4. Forest Service may let more fires burn
  5. Google to cut 1,200 jobs at Motorola Mobility
  6. Retailers report a ‘difficult’ February
  7. U.S. economy adds 236,000 jobs; unemployment down to 7.7 percent

Friday - March 8, 2013:

  1. Europe's economic fractures widen in February
  2. Eric Holder Admits Some Banks Are Just Too Big To Prosecute
  3. Aviva stops bonuses and freezes executive pay
  4. China property crackdown drives couples to divorce
  5. FAA says 173 air traffic control towers will close on April 7
  6. Thomas Cook cuts 2,500 UK jobs and shuts 195 high street travel agencies

Wednesday - March 6, 2013:

  1. Eurozone jobless at 11.9%
  2. Euro zone to bail out Cyprus - no details on how
  3. Republicans unveil government funding bill that would boost military readiness, protect FBI
  4. Severstal 2012 Net Profit Plummets 63% on Falling Prices
  5. Obama talking about cutting Medicare, Social Security
  6. Debenhams shares crash on profits warning
  7. Spain's Jobless Hits Record 5 Million in February

Tuesday - March 5, 2013:

  1. Brussels to table bank resolution authority law in summer
  2. Cyprus out of money by May, minister warns
  3. Obama signs order to begin spending cuts
  4. Federal Furlough Notices Go Out As Sequestration Takes Effect
  5. Budget cuts to hit military school districts first
  6. How budget cuts could affect you
  7. Michigan governor plans to appoint emergency manager to take over troubled city's finances
  8. IRS moves to collect billions in fees from healthcare law
  9. Lloyds boss to pocket £1.5m bonus as government prepares to sell off stake
  10. Panic in Greek pharmacies as hundreds of medicines run short
  11. Senate to hold hearing on surge in gas prices

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