Ecomomic Crisis
Daily News and Updates

Tuesday - May 31, 2011:

  1. EU racing to draft second Greek bailout
  2. Investors signal they are growing more jumpy
  3. NYT Housing index expected to show new price low
  4. Saudi prince calls for lower oil prices

Monday - May 30, 2011:

  1. Ireland may need more EU-IMF cash minister
  2. Tunisia needs $125 billion in funding over five years report

Sunday - May 29, 2011:

  1. Forecast: Spain's protests to 'go global'

Saturday - May 28, 2011:

  1. Eleven million low and middle-income workers' pay will 'flatline' until 2015, experts warn
  2. Gasoline prices erode spending, incomes

Friday - May 27, 2011:

  1. Vince Cable warns of 'economic H-bombs’ that threaten Britain

Thursday - May 26, 2011:

  1. Cost of mortgages and loans could rise as banks face prospect of credit ratings being downgraded
  2. Data points to slowing manufacturing activity Reuters
  3. Dismal figures show UK has seen NO growth in six months
  4. Focus DIY to shed 3,000 jobs as stores close
  5. Greece's 100 billion-euro shadow over banks
  6. Greek austerity standoff rattles euro zone
  7. UK household spending slumps to near two-year low

Wednesday - May 25, 2011:

  1. Asian stocks down as concerns grow over Greece and China
  2. EU options for averting Greek default narrow
  3. Greece should restructure debt, abandon the euro
  4. Blow for Cameron's deficit reduction plan as borrowing hits £10bn for April - the highest ever recorded
  5. Government borrowing hits April record
  6. Cost of mortgages and loans could rise as banks face prospect of credit ratings being downgraded
  7. Greece unveils fire-sale of government assets
  8. Oil falls as euro zone woes pressure commodities
  9. Chinese interested in the Kremlin’s new sovereign fund
  10. U.S. capital spending lowest in five years

Tuesday - May 24, 2011:

  1. Sony to post $3.2 billion annual loss on tax write-offs
  2. States cutting unemployment benefits, hoping for more federal help

Monday - May 23, 2011:

  1. Real estate decline -- a troubling reality

Sunday - May 22, 2011:

  1. Georgia bank failures bring 2011 U.S. tally to 42
  2. IMF approves $36.8 billion loan to Portugal
  3. Spain reveals pain over cuts and unemployment
  4. Vince Cable People do not understand how bad the economy is

Saturday - May 21, 2011:

  1. Construction slump and carbon costs blamed for 1,500 steel job losses
  2. Home sales, factory data show recovery weak

Friday - May 20, 2011:

    Nothing to report this morning.

Thursday - May 19, 2011:

  1. Outside View: Home sales, gas prices and stocks
  2. Unions planning million-strong strike to bring UK to a standstill

Wednessday - May 18, 2011:

  1. U.S. hits debt limit and takes actions to postpone a default
  2. China cuts holdings of US Treasurys for 5th month
  3. EU bailout bill is £500 per family
  4. Families at 'breaking point' as bills jump £54 a week in just six months and inflation hits 4.5%
  5. Housing starts, permits fall in April
  6. Inflation rebounds sharply in April as travel costs soar

Tuesday - May 17, 2011:

  1. Some look to gold sales as solution to debt crisis
  2. Treasury to tap pensions to help fund government
  3. Tens of thousands march in Spain to protest against austerity measures, banks, politicians
  4. 'Decade of pain' on its way for the high street as shops suffer from families cutting back
  5. Euro zone eyes Greek debt move, backs Portugal aid

Monday - May 16, 2011:

  1. EU predicts larger Greek deficit in 2011
  2. Teachers set to stage walkout over two-year pay freeze

Sunday - May 15, 2011:

  1. California officials announce closure of 70 state parks
  2. Inflation hits 2-1-2 year high, seen peaking

Saturday - May 14, 2011:

  1. Cisco braces for biggest layoffs in its history
  2. Digia to cut 190 jobs due to Nokia restructuring
  3. World's top banks face capital surcharge hit report
  4. Germany, France propel euro zone; growth gulf widens
  5. Greece needs more measures to meet bailout terms EU
  6. IMF says Egypt seeks financial help
  7. Recession hits the middle classes' leisure time

Friday - May 13, 2011:

  1. Asian markets dragged down by Wall Street sell-off
  2. Fix banks to avoid eurozone meltdown, IMF warns
  3. IMF warns EU debt crisis may still spread to core
  4. More unrest in Greece amid talk on second bail-out and default
  5. House repossessions up by 15%

Thursday - May 12, 2011:

  1. The sharks are about to eat you – again
  2. Strikes over austerity measures paralyze Greek capital
  3. UK growth forecast slashed as Mervyn King warns 'volatile' inflation is set to rise to FIVE per cent

Wednesday - May 11, 2011:

  1. ASIA: Prices of silver and other commodities herald a new crisis
  2. Outside View: The risk of U.S. default
  3. Boehner insists on trillions in cuts
  4. More than a third of home sellers forced to slash asking price by up to £20,000
  5. Social care cuts: 'The people concerned are invisible'

Tuesday - May 10, 2011:

  1. Extra aid for Greece on table after Luxembourg meeting
  2. Ratings agencies hammer Greece in EU chaos
  3. Now Britain may have to bail out bankrupt Greece
  4. UK: House prices fall to a 2-year low

Monday - May 9, 2011:

    Nothing to report this morning.

Sunday - May 8, 2011:

  1. Euro falls sharply as rumours spread that Greece may abandon currency
  2. Volcker warns of danger from U.S. deficits
  3. ASIA: Commodity prices drop as fears of a new global crisis grow
  4. Bloomberg plans to cut 6,000 teaching jobs

Saturday - May 7, 2011:

  1. Job gains seen slowing, dimming recovery hopes
  2. Unemployment Applications Hit 8-Month High
  3. 150,000 customers at Lloyds are in negative equity
  4. EU Can't Wait for Portuguese Vote, Imposes a Bailout
  5. Portuguese bail-out expected to push country into recession
  6. Fresh blow for taxpayer-owned RBS as it posts losses of £116m
  7. Royal Mail sell-off to force closure of 9,300 post offices

Friday - May 6, 2011:

  1. Interest rates held at record low of 0.5%
  2. Outside View Shadows on U.S. jobs outlook
  3. BBC News to cut 45 more jobs

Thursday - May 5, 2011:

  1. Data signals weakness in recovery in April
  2. House prices still on the slide with average home now costing £165,609
  3. Squeeze on families gets worse as food prices soar by 4.7 per cent
  4. Uganda: The food and fuel crisis behind the unrest

Wednesday - May 4, 2011:

  1. EU super-watchdog warns economic crisis 'far from over'
  2. Innovation 'crucial' for EU's global economic position
  3. India central bank toughens stance, lifts rates by 50 bps
  4. Manufacturing recovery runs out of steam in April
  5. 'Prepare for industrial action on a massive scale’: Unions' stark warning to the Government
  6. Tax squeeze 'to hurt middle class the most', experts warn
  7. Thorntons blames sunny Easter for profits warning
  8. Year after Greek bailout, EU ponders rejigged package

Tuesday - May 3, 2011:

  1. 'Rethink energy taxes or we'll close UK gas field'

Monday - May 2, 2011:

  1. China manufacturing growth slows in April, hit by tightening

Sunday - May 1, 2011:

  1. Microsoft stock tumbles after Windows sales dip
  2. Storm clouds gather for RIM after profit warning

Archives --

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