Ecomomic Crisis
Daily News and Updates

Sunday - May 31, 2009:

  1. Congress's Afterthought, Wall Street's Trillion Dollars
  2. Gas prices rise, putting more pressure on economy
  3. GM Bankruptcy Could Trigger Depression, Says Expert
  4. National debt at $545,668 per household
  5. Road remains rocky for GM, Chrysler

Saturday - May 30, 2009:

  1. Auto suppliers brace for hit
  2. Calif. may close parks amid budget crisis
  3. Commodities Cap Biggest Monthly Gain Since 1974 on Dollar Drop
  4. Mortgage-Bond Yields Tumble, Signaling Lower Home-Loan Rates
  5. New 5 percent cut for state workers on the table

Friday - May 29, 2009:

  1. Amnesty: Economic crisis fuels rights time bomb
  2. Banks have declared war -- on you
  3. Borrowers with good credit fuel foreclosures in 1Q
  4. General Motors - what Barack wants, Barack gets
  5. GM Said to Plan June 1 Bankruptcy as Debt Plan Gains
  6. Japan suicides climb as economy plumbs depths
  7. Job losses muddy outlook for U.S. housing comeback
  8. Mortgage Delinquencies, Foreclosures, Rates Increase
  9. U.S. Economy: Durable-Goods Orders Near 13-Year Low
  10. UK bank stress model sees house prices down 50%
  11. Oil hits $65-bbl on OPEC, U.S. inventory drop
  12. Visteon, Metaldyne file for bankruptcy protection
  13. World leaders to hold economic summit in Pittsburgh

Thursday - May 28, 2009:

  1. Billions in new cuts loom for California — including eliminating welfare and closing most state parks
  2. Bondholders refuse last lifeline to General Motors
  3. Canada's deficit jumps to $50 billion
  4. China warns Federal Reserve over 'printing money'
  5. Mortgage lending hits eight-year low
  6. Once Considered Unthinkable, U.S. Sales Tax Gets Fresh Look
  7. PM: We're handling economy better than rest of world
  8. Saint Joseph Mercy Health System to trim equivalent of 350 full-time jobs
  9. South Africa dives into first recession in 17 years
  10. The exchange rate of the ruble will fall - an economist's opinion Top Russian news and analysis online 'RIA Novosti' newswire
  11. U.S. Expected to Own 70% of a Revamped G.M.
  12. Unemployment rate up to 7.6% in first quarter of 2009

Wednesday - May 27, 2009:

  1. Amid Slump, Small Businesses Consider Cutting Medical Coverage
  2. Budget crises swamp state after state
  3. GM bankruptcy nears as bondholders shun tender offer
  4. Home prices fall at record pace
  5. Hottest Oil Options Show 18% Drop as Demand Falls
  6. Plan to audit Fed steamrolls ahead
  7. Global milk glut squeezes dairy farmers, consumers
  8. Russia's GDP down 10.5% in April, 9.8% in January-April
  9. Sberbank's net profit down 98% to $25.6 mln in January-April
  10. Tech employment shrinks for fifth straight month
  11. G8 in no position to invest in energy
  12. UK young people face long hot summer seeking jobs

Tuesday - May 26, 2009:

  1. China stuck in ‘dollar trap’
  2. NYT: Good mortgages growing foreclosure risk
  3. Russian government to downgrade 2009 GDP forecast
  4. Russia's budget deficit to hit 7% of GDP in 2009
  5. U.S. recovery gets setback as countries dump dollar reserves
  6. Why this downturn is different

Monday - May 25, 2009:

  1. Revealing the Hidden Cost Of Credit Cards
  2. Mighty Shekel Hits Four-Month High against Dollar
  3. Rising unemployment raises threat of social crisis: World Bank

Sunday - May 24, 2009:

  1. “The Odds on the Dollar, Treasury Bonds and the U.S. Government’s AAA Grade All Heading for the Dumpster are Shortening”
  2. Dollar hits '09 low on rating fears; stocks dip
  3. Two Illinois Banks Seized, Bringing U.S. Tally This Year to 36

Saturday - May 23, 2009:

  1. European Slump May Stall Global Rebound
  2. From pot to pole tax U_S_ states seek economic help
  3. GM borrows $4 billion more, prepares for bankruptcy
  4. Ohio Unemployment Tops 10 Percent
  5. Russian bank insurer warns of dangerous surge in overdue debt

Friday - May 22, 2009:

  1. Britain's debt outlook lowered to negative
  2. Ratings agency S&P downgrades outlook for UK economy
  3. California faces fresh problems funding huge deficit
  4. Geithner Says TARP Can’t Help U.S. States Solve Budget Crises
  5. GM and UAW reach deal with U.S. government on restructuring
  6. Government Fills Pockets on Motorists’ Empty Tanks
  7. Japan an awesome warning Will Hutton
  8. Michigan Unemployment Rate Hits 12.9%
  9. Reports hint U.S. recovery will be a rutted road
  10. Top Russian news and analysis online

Thursday - May 21, 2009:

  1. Banks line up to throw off TARP yoke
  2. Chrysler Bankruptcy Consumer Groups Object
  3. Fed's economic forecast worsens
  4. House passes sweeping credit card reform bill
  5. Japan's GDP Continues Rapid Decline
  6. Japan's GDP Drops, Experts Expect Turnaround
  7. Lower Oil Prices Lead Iraqi Security Forces to Cut Payrolls, Halt Key Purchases
  8. Russia's inflation hits 6.6% as of May 18
  9. Terminated Chrysler dealerships to challenge sale

Wednesday - May 20, 2009:

  1. Inflation falls to 2.3% as food and energy costs drop
  2. Shell shareholders in executive pay revolt
  3. Siberian debt collectors seize calves as credit crunch takes hold
  4. Industrial output in Russia may decline 4.5-6% this year -minister
  5. You'll never guess which states have most jobless

Tuesday - May 19, 2009:

  1. As Detroit Crumbles, China Emerges as Auto Epicenter
  2. Hundreds of thousands of workers march across EU to protest crisis response
  3. Lula Wants Brazilians and Chinese to Eliminate Dollar for Trade Between Them
  4. New rules: Work 'til you die
  5. Paying socialism forward
  6. Russia's AvtoVAZ posts $198 mln loss in Q1
  7. Russia's industrial output down 14.9% in Jan-Apr
  8. Social Security goes bankrupt
  9. The natives are restless
  10. UAW says GM talks to intensify as jobs issue looms
  11. Unemployment to reach 8% by 2010

Monday - May 18, 2009:

  1. It's official: Israel's economy is in recession
  2. New Law Means Mortgage Debtors Won't be Homeless
  3. Once-Struggling Fiat Could Become No. 3 World Automaker With GM, Chrysler Deals
  4. Repossessions rise by 50%
  5. Toxic Plastic

Sunday - May 17, 2009:

  1. China's yuan 'set to usurp US dollar' as world's reserve currency
  2. Obama Says U.S. Long-Term Debt Load ‘Unsustainable’
  3. S.F. mayor says 1,000 city jobs to be cut
  4. Trade Wars Brewing in Economic Malaise

Saturday - May 16, 2009:

  1. Auto Part Manufacturer Lays Off Nearly 600 In NE Ohio
  2. Consumer prices fall 0.7% year-over-year
  3. Following Chrysler, GM slashing U.S. dealers
  4. Media recognize Obama's failure to support dollar
  5. Nike to cut about 1,750 jobs worldwide
  6. Russian steelmaker Severstal reports $644 mln loss in 1Q
  7. Russia's GDP falls 9.5% year-on-year in 1Q09
  8. Schwarzenegger Seeks $6 Billion Loan, Orders Cuts
  9. St. Petersburg Ford plant workers protest 4-day working week
  10. Swedish CEO resigns to avoid firings
  11. Panasonic slumps to $4 billion yearly loss
  12. GM says Chrysler-like deal best bankruptcy option
  13. Wal-Mart starts $1 program

Friday - May 15, 2009:

  1. BT chief cuts 15,000 more jobs and apologises for halving dividend
  2. Jobless claims jump; producer prices rise
  3. Mideast leaders focus on credit crisis/a>
  4. More young Japanese commit suicide amid job fears
  5. Obama urges Congress to act on credit card bill
  6. Paulson gave banks no choice on government stakes memos
  7. Sony reports $1 bln annual loss, first in 14 years
  8. Ukraine receives $2.8 billion IMF tranche - finance ministry

Thursday - May 14, 2009:

  1. ArcelorMittal plans 'mass layoff' at Indiana mill
  2. Credit card companies piling on fees, raising rates ahead of new federal rules
  3. Foreclosures jump in April but repossessions fall
  4. GM, Chrysler to cut up to 3,000 dealers
  5. Gov't borrowing trend at unprecedented level
  6. Russia may face wars over energy Kremlin
  7. Russian mobile firm VimpelCom posts 64% net profit drop in 2008
  8. Small business credit card lender to close all accounts
  9. U.S. credit rating at risk former agency chief
  10. U.S. retail sales slip, hurting recovery hopes

Wednesday - May 13, 2009:

  1. California shortfall $21.3 billion if measures fail
  2. Economic woes hurt Medicare, Social Security
  3. General Motors shares plummet to lowest level since Great Depression
  4. Gov. runs April deficit for first time since '83
  5. Hitachi posts record loss for Japanese manufacturers
  6. Japanese Carmaker Nissan And Electronics Giant Hitachi Post Huge Losses In 2008 To 2009
  7. Prices Fall To Match A New Frugality
  8. Recession Is Over According to Financial Experts
  9. Report: Senate considering soda tax
  10. Report Warns of Insolvency for Social Security, Medicare
  11. Senators weigh tax hikes to pay for health care
  12. Unemployment data rushed out after 'accidental early release'
  13. Was that the end of the rally?

Tuesday - May 12, 2009:

  1. Big surprise...auto bailouts won't be repaid
  2. Critics say spending shifts hurt military
  3. Gas prices up sharply because of increases in crude oil, wholesale prices
  4. GM says open to moving HQ from Detroit
  5. Is America about to go broke?
  6. U.S. risks lost decade due to half-steps Krugman
  7. White House forecasts higher budget deficit

Monday - May 11, 2009:

  1. Experts say GM bankruptcy almost inevitable

Sunday - May 10, 2009:

  1. Bank of England braced for third wave of financial crisis
  2. China fears bond crisis as it slams quantitative easing
  3. On Wall Street: Beware of the sucker’s rally
  4. Homeless girl comes to grips with a hard life
  5. Sources: Obama wants Fed to be finance supercop
  6. Toledo's White-Collar Workers Recalibrating Their Lives After Layoffs

Saturday - May 9, 2009:

  1. 401(k) funds putting locks on your cash
  2. Fannie Mae asks Treasury for aid
  3. Fannie Loses $23 Billion, Prompting Even Bigger Bailout
  4. Chavez says Venezuela to take over oil services
  5. Foreclosure wave hits the rich - Top Stocks Blog
  6. IMF approves transfer of $2.8 billion to Ukraine
  7. Memo to capitalists Be very afraid
  8. Obama Aims To Refocus Unemployment System
  9. Official: FHA to seek $800M from Congress
  10. Russia's Mechel finalizes purchase of U.S.' Bluestone Coal
  11. Toyota sees losses deepening this year
  12. U.S. banks rush to raise capital
  13. U.S. to Wind Down Help for Some Banks
  14. Under Restructuring, GM To Build More Cars Overseas

Friday - May 8, 2009:

  1. 50,000 Israeli companies at risk
  2. Eurozone interest rates cut to 1%
  3. Consumer credit falls at fastest pace in 18 years
  4. DuPont to lay off 2,000 workers
  5. GM Draws Closer To Bankruptcy In First Quarter
  6. News Corp will charge for newspaper websites, says Rupert Murdoch
  7. Russia’s Severstal announces operational changes at U.S. plants
  8. Survey: Jews are Blamed for Economic Crisis
  9. U.S. Orders GMAC to Raise $9.1 Billion in Capital
  10. Wells Fargo & Company Announces $6 Billion Common Stock Offering

Thursday - May 7, 2009:

  1. 124 congressman demand audit of Federal Reserve
  2. ADP Estimates U.S. Companies Cut Fewer Jobs as Recession Eased
  3. BofA Gets Boost Even Amid Need to Close $35 Billion Gap
  4. Judge OKs 1st step in Chrysler-Fiat deal
  5. Post office is $1.9 billion in red
  6. Russia's VTB posts record loss of $849 mln in April
  7. GM details plans to wipe out current shareholders

Wednesday - May 6, 2009:

  1. China has 'canceled US credit card' lawmaker
  2. Economic casualties pile into tent cities
  3. ISM: Economic Decline To Continue For Rest Of 2009
  4. Microsoft lays off workers, more job cuts coming
  5. MO turns tables on Obama stimulus money
  6. Report: More people sell their hair, blood

Tuesday - May 5, 2009:

  1. Education Ministry warns 5,400 teachers in danger of losing jobs
  2. EU says Europe faces a deep recession
  3. New EU forecast twice as gloomy
  4. Germany warns of the cost of Fiat's grand plan
  5. Group seeks to block Chrysler-Fiat as Opel heats up
  6. N.Y. Times to File Notice It Will Close Boston Globe
  7. Obama vows tougher overseas tax policies
  8. Oil giant Rosneft posts $175 mln net loss in first quarter
  9. Russia's Reserve Fund down 13.7% in April to $106.8 bln
  10. Shares Climb as Real Estate Outlook Brightens
  11. States and cities borrow big

Monday - May 4, 2009:

  1. Buffett dispenses gloom at Berkshire fest
  2. East Asia sets up emergency $120 billion fund for crisis
  3. Economy Forces Families, Students to Make Tough Calls in Choosing a College
  4. Fiat in talks to buy GM's European operations

Sunday - May 3, 2009:

  1. Chrysler workers, public upset over plans to shutter local site
  2. Loss of Chrysler plant tough for Kenosha
  3. U_S_ Workers' Wages Stagnate As Firms Rush to Slash Costs

Saturday - May 2, 2009:

  1. 5 reasons Chrysler may still die
  2. Bankruptcies rise to record high
  3. Chrysler bankruptcy filing fallout
  4. Ford outsells Toyota for 1st time in a year
  5. House passes Credit Card Bill of Rights
  6. INSIDE WASHINGTON: Taxpayers to get rude surprise
  7. Only 1 way out of big economic hole
  8. Workers Shocked By News Of Twinsburg Chrysler Plant Closure

Friday - May 1, 2009:

  1. Chrysler files for bankruptcy; inks Fiat deal
  2. Chrysler holdout changes mind on settlement offer
  3. KBR 1st-quarter profit falls
  4. New Jobless Claims Drop Unexpectedly
  5. Senate defeats anti-foreclosure proposal
  6. Suppliers balk, shutting 3 plants
  7. U.S. House acts to protect credit card users

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