Ecomomic Crisis
Daily News and Updates


  1. 'Enough money'

Monday - May 31, 2010:

  1. France warns on credit rating

Sunday - May 30, 2010:

  1. Congress 'hits wall' on jobless benefits
  2. EU governments cut spending, spark unrest
  3. Gold stocks as investing strategy Good signs on price
  4. The growing CGT rebellion: Fear of tax grab sparks mass sale of homes and shares

Saturday - May 29, 2009:

  1. Stocks have worst May in decades
  2. Jobless aid set to expire despite House approval
  3. Slow recovery keeps unemployment high
  4. DiNapoli Don’t Use Debt to Balance NYS Budget
  5. Venezuela economy shrinks, growth hit by power shortages
  6. Why gold prices appear to be headed higher

Friday - May 28, 2010:

  1. US money supply plunges at 1930s pace as Obama eyes fresh stimulus
  2. Stocks close at day's highs, thanks to China
  3. US can no longer support world economy: Geithner
  4. Bill on jobless benefits, state financial help scaled back
  5. French strike over plans to raise retirement age past 60
  6. Pension age to rise with life expectancy meaning millions will have to work for longer
  7. Raising Capital Gains Tax is unfair, won't work and will punish the hard-working middle classes
  8. Social Security How to close the projected shortfall

Thursday - May 27, 2010:

  1. More Cities on Brink of Bankruptcy
  2. U.S., Europe fall out of step on global financial reform
  3. Private pay shrinks to historic lows as gov't payouts rise
  4. Assembly Dems Borrow cash to save welfare
  5. UK must raise interest rates, warns OECD
  6. Italy joins euro austerity drive
  7. China report harms efforts to bolster euro

Wednesday - May 26, 2010:

  1. Global Banks May Need $1.5 Trillion in Capital, Study Says
  2. Euro debt crisis will become a global problem
  3. Britain’s New Government Facing Big Hurdles
  4. Late-day rally ends down bad day on brighter note
  5. Market doubts over eurozone justified, say bankers
  6. FTSE crashes through 5000 mark
  7. Germany eyes wider short-sale ban, euro down
  8. Shares fall on Korean war and debt fears
  9. Stock markets fall again as Europe debt crisis and Korea tensions spook global markets
  10. Think America 'protected' against EU crisis

Tuesday - May 25, 2010:

  1. One false move in Europe could set off global chain reaction
  2. Tens of thousands of jobs could be lost as Osborne wields the axe in Whitehall with £6bn cuts package (UK)
  3. 'It's a betrayal': Fury as Child Trust Funds are axed in bid to save £520million (UK)
  4. The New Poor: Lack of Aid for Child Care Pushes Some to Welfare
  5. Existing-Home Purchases in U.S. Gain; Inventory Growth May Pressure Prices

Monday - May 24, 2010:

  1. Spain confirms austerity commitment

Sunday - May 23, 2010:

  1. April mass layoffs rise led by manufacturing
  2. Britain faces aggressive cuts in 'age of austerity' minister
  3. 32 States Have Borrowed from the Federal Government to Make Unemployment Payments; California Has Borrowed $7 Billion
  4. Van Rompuy task force agrees need for budgetary sanctions
  5. The euro Debt crisis presents Europe with dilemma
  6. Geithner: global economy can handle Europe strains
  7. U.S. Banks Post Profit, but Woes Persist

Saturday - May 22, 2010:

  1. Germans approve euro rescue plan
  2. Cameron vows to veto any eurozone bailout
  3. Can China handle its inflation problem
  4. FTSE 100 hits seven-month low on European debt fears
  5. FTSE falls below 5,000 to hit seven month low as global markets plunge on euro fears
  6. Mortgage lending in April slumps to lowest level for a decade
  7. Senate passes Wall St. regulation bill

Friday - May 21, 2010:

  1. China tells U.S. to put fiscal house in order
  2. Dow sheds 376 on global jitters
  3. New jobless claims rise unexpectedly
  4. Greece, Spain hit by strikes over cuts
  5. Romania sees biggest protest since 1989 over austerity measures
  6. BA strikes to go ahead as court lifts injunction against union
  7. Bankers, the rich, sit pretty as UK budget cuts loom
  8. Copper can be an economic barometer, and now's the time to buy
  9. SINGAPORE: Growth reaches record levels, 15.5 per cent in first quarter of 2010
  10. TASE down as world markets jitter

Thursday - May 20, 2010:

  1. European debt crisis Markets fall as Germany bans 'naked short-selling'
  2. EU miffed by unilateral German ban on short-selling
  3. Asian shares drop following German ban
  4. Euro is facing 'existential crisis,' Merkel says
  5. Arizona Backs Sales Tax Increase
  6. Banks chalk up 2 wins as Senate reform bill evolves
  7. CIS countries should create single economic space - Russian presidential advisor
  8. Conspiracy of Banks Rigging States Came With Crash
  9. Inflation Rose in April at Lowest Rate Since ’60s
  10. Senate Republicans Call Bill a ‘Takeover’ of Banking
  11. The Canadian Press 40,000 public workers in recession-mired Romania protest large wage cuts

Wednesday - May 19, 2010:

  1. Banks, techs and euro clobber stocks
  2. Bank governor forced to send letter to new Chancellor as inflation hits 17-month high
  3. E.U. faces tough questions as euro continues to slide
  4. UK forced to swallow bitter pill on hedge funds
  5. Inflation hits 3.7% in April
  6. Investors Made Millions from People Facing Eviction
  7. Jim Jubak China has bulls and bears anxious
  8. Pfizer to close more plants, cut 6,000 jobs
  9. Senate closes in on final Wall St reform vote Reuters
  10. State Finances Rigged in Conspiracy by Banks, Advisers
  11. Treasury takes $1.6 billion loss on Chrysler loan

Tuesday - May 18, 2010:

  1. Asian markets fall sharply, Shanghai loses 5 per cent, reaching lowest point of the year
  2. EU ministers eye reforms as markets buffet euro
  3. Italy eyes €27_6 billion cuts to avoid debt crisis
  4. Senate closes in on final Wall St reform vote
  5. 'Serious manipulation' of gold, silver markets
  6. Euro Falls To Lowest Since 06
  7. Ticking time bomb! $600 trillion in derivatives at risk

Monday - May 17, 2010:

  1. Central Bank chief euro crisis is worst since the second world war
  2. Euro crisis only root-and-branch financial reform can tame the wolf pack
  3. Greek Leader Considers Action Against US Banks

Sunday - May 16, 2010:

  1. £1,200 tax shock for Middle England: How families will bear brunt of new coalition's drive to slash Britain's deficit
  2. Europe needs quantum leap in budget oversight Trichet
  3. European countries feel the pain as cuts keep coming
  4. European debt crisis: Greece shows that recklessness pays
  5. Mortgage interest rates hit 2010 low for homebuyers
  6. Schwarzenegger's budget is bad news for the poor
  7. Regulators shut 4 banks; 72 have failed this year
  8. Three times as many hit by capital gains tax under new debt-slashing plans

Saturday - May 15, 2010:

  1. Stocks hammered by Europe today, but still up year-to-date
  2. Fears over Greek bailout send shares and euro tumbling
  3. Markets calm amid new austerity for Portugal
  4. Russian budget will remain tight for next 3 years
  5. Sony shares slide as investors look beyond cost cuts
  6. Treasury targets middle-class child benefits in spending cut plans

Friday - May 14, 2010:

  1. Gold flies to record again, dual boost from bailout
  2. Lies, bailouts, and a load of money
  3. Markets calm amid new austerity for Portugal
  4. Abu Dhabi hotel installs gold vending machine
  5. Spain joins euro austerity drive
  6. Spanish unions threaten general strike
  7. US faces same problems as Greece, says Bank of England

Thursday - May 13, 2010:

  1. 1 in 4 working-age Britons has no job as slump sends number of part-time staff soaring
  2. EU wants member countries to co-ordinate budgets
  3. Germans face bitter round of budget cuts as the price of eurozone bailout
  4. New government promises crackdown on banks as Vince Cable is named as business secretary
  5. Spain joins euro austerity drive
  6. Moody’s Downgrades $28 Billion of Greek Securities
  7. U.S. posts 19th straight monthly budget deficit
  8. L.A. City Council's budget committee recommends 1,000 more job cuts

Wednesday - May 12, 2010:

  1. 7 European banks face heavy burden in debt crisis
  2. 100,000 N.Y. workers face 1-day furlough
  3. CHINA: Inflation rising slowly, expected to climb faster
  4. Double-dip recession looms
  5. FOREX-Euro falls as market doubts rescue package
  6. French official Politics to hurt British markets
  7. Germany backs euro package as market rally fades
  8. Senate Adopts Sanders' 'Audit The Fed' Amendment
  9. 100’s Of MTA Station Agents Turn In Badges
  10. UK credit rating set for downgrade under Lib-Lab deal, City analysts warn

Tuesday - May 11, 2010:

  1. Economy Watch - Stocks close strongly, three major indexes return to positive for 2010
  2. EU sets up massive euro defense
  3. Federal Reserve opens credit line to Europe
  4. Unions warn of Greek-style riots in Britain against public sector cuts after court victory over capping of redundancies
  5. Deep cuts likely in updated state budget
  6. Royal Bank of Scotland sheds 2,600 more jobs
  7. Fannie Mae seeks $8.4 billion from govt after loss Reuters
  8. If the volcano doesn't ruin your summer holiday, BA staff will: Cabin crew announce 20 days of strikes with ash chaos set to last months
  9. Junk food and sugary drinks could be hit with 'fat taxes' in an effort to combat obesity and help fill the black hole in Government finances

Monday - May 10, 2010:

  1. Spain takes steps to rescue savings banks
  2. Lawmakers fume as market regulators dither
  3. Stephen Harper, Angela Merkel call on countries to rein in debt

Sunday - May 9, 2010:

  1. Debt crisis EU leaders announce €70bn plan to protect euro
  2. Greece debt crisis tests European Union, US stocks
  3. 'We can't leave euro to speculators'
  4. Hedge fund manipulation, not error, was behind market plunge
  5. Manipulation, Not Error, Behind Market Plunge
  6. Obama working to keep Fed's secrets
  7. State Closes 1st Pacific Bank of California

Saturday - MAY 8, 2010:

  1. Asian stock markets down after concerns over Greece and Wall Street
  2. Asian stocks sharply down in opening trade
  3. Dow falls 140 in wild trading day; US adds jobs
  4. Euro crisis goes global as leaders fail to stop the rot
  5. Steven Pearlstein: Greek crisis exposes cracks in Europe's foundation
  6. Greece's debt crisis could spread across Europe
  7. Euro zone agrees emergency steps to contain crisis
  8. Pound and stock market on a rollercoaster over hung parliament and hints of a potential political deal
  9. Food-stamp tally nears 40 million, sets record
  10. Burst of hiring aids recovery, but long slog ahead
  11. Senate Votes For Wall Street; Megabanks To Remain Behemoths

Friday - MAY 7, 2010:

  1. Stocks sink on Greek woes; did glitch add to panic?
  2. Greek economic crisis could spread to the UK
  3. Freddie Mac Seeks Billions More After Big Loss
  4. Bloomberg’s NYC Budget Plan Bittersweet – Blames Albany
  5. Third of private sector workers face pay freeze despite sharp increase in cost of living

Thursday - MAY 6, 2010:

  1. British families suffer as inflation rises to twice the rate of other Western countries
  2. Greece Makes Israel Slip, World Markets Slide
  3. Greek debt crisis drags down stocks worldwide
  4. Rioters kill three bank workers in Athens protests as EU warns Britain's debt crisis will be worse than Greece's
  5. Stocks, Euro Slide on Debt Concern; MSCI World Erases 2010 Gain
  6. UK budget deficit 'to surpass Greece's as worst in EU'
  7. Latvia may fail to fulfill its international loan obligations
  8. Movie Gallery closing all U.S. stores
  9. Newsweek magazine up for sale
  10. Russia's Reserve Fund shrinks threefold year on year

Wednesday - MAY 5, 2010:

  1. Dow tumbles 225 as Europe worries grow
  2. U.S. stocks tumble on worries over European debt problems
  3. The Mother of All Bubbles: Huge National Debts Could Push Euro Zone into Bankruptcy
  4. Greek rescue fears hit global stock markets
  5. Labour sinks Navy: Warships sold off to foreign powers in deals worth £580m
  6. Mortgage lending dives 83% as housing recovery runs out of steam - UK
  7. Most school districts to cut jobs, freeze hiring next year

Tuesday - MAY 4, 2010:

  1. OIL FUTURES: Oil Hits New 18-Month High On Strong Economic Growth
  2. Whirlpool Will Close US Plant in June; Send Jobs to Mexico

Monday - MAY 3, 2010:

  1. EU, IMF agree $147 billion bailout for Greece

Sunday - MAY 2, 2010:

  1. Puerto Rican bank failures bring 2010 tally to 60
  2. Greece awaits rescue package, protesters decry cuts
  3. UK: We're working three more days for the taxman: It takes 149 days of earning in a year before our income is our own

Saturday - May 1, 2010:

  1. Banks tell G20 new rules on holding capital could push UK back into recession
  2. European job losses continue
  3. Spain jobless rate surpasses 20 per cent
  4. Why the big banks should be broken up; financial regulation
  5. Jim Jubak Recession is over, but pain lingers
  6. Economy expands as consumer spending picks up

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