Ecomomic Crisis
Daily News and Updates

Sunday - November 30, 2008:

  1. Holiday sales get off to slow start
  2. Holiday Shopping in a Downturn Deals or Nothing at All
  3. OPEC ends Cairo meeting without new output cuts
  4. Poverty spreading in suburbs study
  5. Russian Central Bank allows ruble to weaken, raises key rate

Saturday - November 29, 2008:

  1. Asian economies stumble and U.S. faces retail test
  2. Coming up A huge pension bailout
  3. Europe Inflation Rate Drops Most in Almost 20 Years
  4. Japan’s Recession Deepens as Factory Output Slumps
  5. Shoppers seek deals, buy less on Black Friday
  6. 'The Engine of Democracy' Coalition to Send Workers From 50 States to Washington to Support Auto Bridge Loans
  7. Trillions down and still bailing
  8. U.K. November Retail Sales Index Matches 25-Year Low, CBI Says

Friday - November 28, 2008:

  1. CHINA Chinese leaders in panic over crisis and unemployment
  2. China downturn deepens, European rate cut sought
  3. Credit card rates, fees marching up
  4. Mexico wants to shrink size of coins, due to record metal prices
  5. Monroe auto supplier ceases operation
  6. Oil falls more than $1-bbl ahead of OPEC meeting
  7. New U.S. mortgage crisis looms
  8. Sales gridlock puts manufacturers in a state of panic
  9. Thousands of Woolworths staff face sack in Christmas week
  10. Two weeks to cut rates, card issuers told

Thursday - November 27, 2008:

  1. A Break for Consumers: Prices of Food Staples Cut 15-25 Percent
  2. Iceland Riots Precursor To U.S. Civil Unrest
  3. Rogers Says Dollar to Be `Devalued,’ Buys Commodities
  4. Americans' Food Stamp Use Nears All-Time High
  5. Europe announces 200bn euro plan
  6. Big Three fine-tune aid pitch
  7. China slashes rates, EU plots stimulus
  8. America Is Too Big To Fail Broke
  9. Pelosi: Economic News Makes Clear President Must Drop Opposition to House-Passed Recovery Package
  10. Consumers cut spending
  11. Russian Professor Says U.S. Will Break Up After Economic Crisis
  12. Stocks on win streak amid more bad economic news
  13. Toyota Suffers First Credit Rating Cut in 10 Years Amid Slump
  14. Workers riot at Chinese toy factory

Wednesday - November 26, 2008:

  1. ASIA: The way out of the crisis is neither Left nor Right
  2. CHINA World Bank Chinese growth will fall to 1990 levels
  3. Cisco shares fall on 5-day U.S., Canada shutdown
  4. E-Commerce Shrinks for First Time, Research Firm Says
  5. FDIC adds 54 more banks to its 'problem list'
  6. For Retailers, 'Tis the Season to Be Nervous
  7. U_S_ launches support plan as contraction takes hold
  8. US economy shrinks at fastest pace in 7 years

Tuesday - November 25, 2008:

  1. ArcelorMittal may lay off 2,400 in Indiana
  2. Bank of Israel lowers interest rates to record low of 2.5%
  3. Chinese warn on social stability during economic crisis
  4. Citigroup gets massive government bailout
  5. The coming hedge fund meltdown
  6. Why gift cards are such a bad idea
  7. Mounting U_S_ financial rescue cost not a worry now
  8. A near-riot and parliament besieged Iceland boiling mad at credit crunch
  9. Colossal Financial Collapse The Truth behind the Citigroup Bank “Nationalization”
  10. All US Financials Will be Nationalized in a Year Manager

Monday - November 24, 2008:

  1. 22 US banks collapsed this year
  2. Ahmadinejad says Iran's economy will survive falling oil prices
  3. Obama may delay tax-cut rollback for wealthy
  4. UK forests & rivers may be sold
  5. Plan to Prop Up Citigroup Said to Be Near Approval
  6. Predicted: Economic Crisis in Israel to Worsen in 2009

Sunday - November 23, 2008:

  1. Community Bank of Loganville, Georgia, Is Shuttered
  2. Dell plans to shift more work to Asia
  3. Eagle Bancorp Receives Preliminary Approval Under Treasury Capital Purchase Program
  4. Ford says it may sell its corporate jet fleet
  5. General Motors board weighs bankruptcy option report
  6. GM board hasn't ruled out bankruptcy as an option
  7. Investor fear remains deep despite 1-day rally
  8. Morpace Reports Consumers Are Half as Likely to Buy from Big Three if Bankrupt
  9. Obama 'Millions of jobs' in danger next year
  10. Poizner Approves $115 Million Insurance Rate Hike for 2.5 Million California Homeowners
  11. U.S. Bank Acquires Downey Savings & Loan and PFF Bank & Trust Through an FDIC Facilitated Transaction
  12. Worst of financial crisis yet to come: IMF chief economist

Saturday - November 22, 2008:

  1. Get Ready For The Obama “Green Brigades”
  2. What Uncle Sam Has to Tell His Creditors
  3. Argentine Stocks Fall as Biggest Shareholders Seized
  4. Dark days see warnings of worse to come
  5. Ecuador Audit Recommends Default on Debt]
  6. Fed's Bullard U.S. deflation an issue Fed must face
  7. Geithner rallies stocks but Citi still ailing
  8. Illinois Employment Report Employee Confidence Index Declines Sharply Due to Concerns About Economy, Job Availability
  9. Obama Transition Said to Consider a ‘Prepack’ Auto Bankruptcy
  10. PA Governor Rendell Says Mounting Job Losses Mean Tougher Times Ahead
  11. Russia's Medvedev calls on APEC to assume greater global role
  12. Strengthening equal partnership in the Asia-Pacific region
  13. Toyota Will Cut 3,000 Jobs in Japan as Car Sales Fall
  14. UK govt may force banks to lend to firms

Friday - November 21, 2008:

  1. 8 endangered US industries
  2. Paulson Was Behind Bailout Martial Law Threat
  3. Analysis: Does this mean it's too late
  4. Citi eyes selling businesses, other options source
  5. Citigroup's Move Below $5 Could Trigger Major Selling
  6. Fear stalks the world’s economies
  7. Jobs data miserable, regional factories slump
  8. Mystery seller crashes TASE
  9. No relief seen in global economic crisis
  10. Putin announces measures to fight crisis in Russia
  11. Russia banks to be barred from state rescue package for loan abuse
  12. Russia's international reserves down $21.9 bln to $453.5 bln in week
  13. Dow off 445; S&P hits 11-year low

Thursday - November 20, 2008:

  1. Bar-On presents economic boost plan
  2. Bloodbath on the high street Woolworths shares hit £1
  3. Citigroup stock drops to 13-year low, fear grows
  4. Fed signals ready to cut rates amid glum outlook
  5. Dow falls 427 as stocks hit 5-year lows
  6. Romney recommends tough love for Big 3
  7. Target to slash prices as sales slide
  8. What if GM goes broke
  9. White House backs GOP auto plan
  10. Why aren’t groceries getting cheaper

Wednesday - November 19, 2008:

  1. 59 Groups Representing Millions of Taxpayers Tell Congress No State Bailouts!
  2. Auto execs ask Congress for $25 billion lifeline
  3. NYC: MTA's planned cuts include everything from station agents to entire train lines
  4. Paulson accused of 'bait-and-switch'
  5. S&P 500 Q3 Earnings Down 22%; Financials Post Fourth Consecutive Quarter of Negative Earnings
  6. Strapped for cash, some tap retirement funds
  7. Washington debates bailout

Tuesday - November 18, 2008:

  1. Citigroup to cut more than 50,000 jobs
  2. Economy sailing into rougher waters
  3. Facing Deficits, States Get Out Sharper Knives
  4. Forecasters U_S_ in 14 month recession
  5. G-20 Leaders Tighten Grip on Banks
  6. GM delays payments to dealers to save cash
  7. Goldman CEO, 6 others forgo 2008 bonuses
  8. Dow off 224 as economic fear grows
  9. New York Budget Gaps Threaten Broader Economy

Monday - November 17, 2008:

  1. Automotive News: The Cost of GM's Death
  2. California fires destroy 1,000 homes, winds ease
  3. Housing starts seen lowest in over 60 years
  4. Humbled US agrees to share world's financial top billing, economic reforms
  5. Japan's economy shrinks, enters recession
  6. JP Morgan could axe thousands of jobs report
  7. Showdown looming in Congress of automaker rescue
  8. Recession hits Japan, IMF needs more money
  9. World leaders urge fast action on financial crisis
  10. Food banks see more need, fewer donations

Sunday - November 16, 2008:

  1. Downturn drags more Americans into bankruptcy
  2. Washington Post: “most nations, including the United States, have acknowledged that a new world order has emerged”
  3. World leaders pledge to revive global economy

Saturday - November 15, 2008:

  1. G20 To Begin Implementation Of Global Financial Dictatorship
  2. Aso says Japan prepared to lend IMF $100B
  3. Eurozone officially in recession
  4. Chances Dwindle on Bailout Plan for Automakers
  5. Europe in recession, U.S. in pain as world leaders meet
  6. Insurers pull cover from suppliers to GM, Ford report
  7. OPEC to hold emergency meeting in Cairo on November 29
  8. Retail sales in record fall, but sentiment up
  9. Sun Microsystems to cut up to 6,000 jobs
  10. The 'frugal future' has arrived
  11. Top central bankers say ready for more action

Friday - November 14, 2008:

  1. Celente Predicts Revolution, Food Riots, Tax Rebellions By 2012
  2. Germany falls into recession
  3. Analysts Predict Hyper-Inflation To Push Gold To $2000, Oil to $300 Within Months
  4. Bad economy puts post office $2.8 billion in red
  5. Chicago Mayor Daley: Prepare For Mass Layoffs
  6. Chrysler urges bailout, Washington split
  7. Deficit and jobless claims jump, but stocks soar
  8. Europe's Hopes for Washington Summit Risk Being Dashed
  9. Germany, China, U.S. feel pain of global downturn
  10. Government readies for economic crisis
  11. Jobless claims hit 25-year high, imports plunge
  12. OECD says developed world already in recession
  13. Soros says deep recession inevitable, depression possible
  14. TASE dropping sharply on all indexes Jerusalem Post
  15. Sarkozy Pushes for Abandonment of Dollar as World Reserve Currency

Thursday - November 13, 2008:

  1. Applied Materials to cut 1,800 jobs; earnings tumble 45%
  2. Bank of England seeks to prevent deepening recession from pushing UK economy into deflation
  3. Bank of England: We'll slash interest rates to ZERO to rescue the economy
  4. Failure of auto industry could set off catastrophe
  5. Financial system may need over $1 trillion dealmakers
  6. Washington's $5 Trillion Tab
  7. Intel's shock warning sounds alarm for tech sector
  8. Japan Stocks Drop on U.S. Spending Concern; Sony, Mizuho Slump
  9. Paulson backs off asset plan; crisis deals at risk Financial News
  10. Democrats urge federal stake in big auto companies
  11. Russian trading halted after 12% drop
  12. Stocks plunge for third straight session
  13. Unemployment expected to hit 9%, Wachovia economists say
  14. US May Lose Its 'AAA' Rating
  15. UTMB to lay off 3,800 people
  16. Wall St falls amid fresh concerns over toxic assets
  17. White House says G20 meeting timely , British agree

Wednesday - November 12, 2008:

  1. Fed Hides Destination Of $2 Trillion In Bailout Money
  2. Fed Defies Transparency Aim in Refusal to Disclose
  3. Government To Confiscate 401(k)s and IRAs For Mandatory Savings Tax
  4. Asian economists warn Barack Obama policies could make downturn worse
  5. Dow to hit 6,000
  6. Dow off 177 despite mortgage aid plan
  7. GM announces 1,900 more layoffs at plants
  8. New envoy urges US to bail out Pakistan
  9. Oil Futures Settle Below $60 a Barrel
  10. Obama urges action as Asian, European data gloomy
  11. Ruble Devaluation Concern Triggers Stock Plunge, Rate Increase
  12. Sweden seizes Carnegie in first bank bail-out
  13. US Banks Will Lose $450 Billion More in 2 Years - Analyst

Tuesday - November 11, 2008:

  1. Wall Street Could Slash 70,000 Jobs
  2. AIG Gets Expanded Bailout, Posts $24.5 Billion Loss
  3. Brown Seeks G-20 `Consensus' on Taxes, Spending
  4. Growing credit crisis claims more US victims
  5. Spending cuts, layoffs in 'crisis' New York mayor
  6. UK's Brown: Now is the time to build global society

Monday - November 10, 2008:

  1. A quiet windfall for U.S. banks
  2. China moves to boost economy, G20 sees more action
  3. Japan, emerging markets and banks in crisis firing line
  4. Circuit City files for bankruptcy protection
  5. Deutsche Post to cut 9,500 jobs from DHL unit in US

Sunday - November 9, 2008:

  1. Fed's Lockhart Sees Slump Lasting Through June 2009
  2. Bankers battle to stop £12bn HBOS takeover
  3. Economic powers agree on need to boost growth
  4. G-20 Discusses More Interest-Rate Cuts, Flaherty Says
  5. Obama Will Need 18 Months to Turn Economy Around, Stiglitz Says

Saturday - November 8, 2008:

  1. Chrysler cash drains away as crisis deepens sources
  2. Food pantries mobilize as ranks of hungry grow
  3. Jobless ranks hit 10 million, most in 25 years
  4. Obama seeks stimulus as jobs die, carmakers bleed
  5. Russia president tells police to crush crisis unrest
  6. What bailed-out banks spend on lobbying
  7. The bankrupting of the nation for political gain

Friday - November 7, 2008:

  1. 3 'superbanks' now dominate industry
  2. Asian Markets Fall as Investors Refocus on Economy
  3. Europe cuts rates as Obama to address global crisis
  4. Holiday outlook grimmer after dismal Oct.
  5. IMF approves $16.5 billion Ukraine loan
  6. Las Vegas Sands Plunges on Default, Bankruptcy Risk
  7. Russia's international reserves down $71.5 bln in October
  8. Schwarzenegger $4.4B in tax hikes to end deficit
  9. Stocks tumble, lose 10 percent in 2-day rout
  10. Weak Sales, Jobless Report Punish Stocks

Thursday - November 6, 2008:

  1. A credit crater too big to fill
  2. An Argentinean voice from the economic wilderness
  3. Go Get Your Dollars Out Now! FAST!!!
  4. European Stocks, U.S. Index Futures Fall; Time Warner Declines
  5. Obama victory met with job losses, market mayhem
  6. NYC mayor Can't afford $400 property tax rebates
  7. Stocks plunge anew as recession worries resurface
  8. U.S. stocks, oil fall on global slowdown fears
  9. Bloomberg NYC Income Tax Could Rise 15 Percent
  10. Zimbabwe gold mining companies owed $30M, may collapse

Wednesday - November 5, 2008:

  1. Dell asks workers to take unpaid vacation
  2. It's No Joke Fed Hires Failed Bank Executive
  3. NYC deficit rises to $4 bln as Wall Street slides

Tuesday - November 4, 2008:

  1. Auto sales 'unsustainably weak'; GM's fall 45 %
  2. Circuit City to close 155 U.S. stores
  3. Factory output weakest in 26 years, ISM survey says
  4. Global financial crisis drives EU toward recession
  5. Manufacturing crash adds to global gloom
  6. Recession rears ugly head, global auto sales shrink

Monday - November 3, 2008:

  1. Brown confident of Middle East cash for bail-out fund
  2. Cash in on the Grinch economy
  3. Mideast business leaders see U.S. influence declining in region
  4. US markets appear headed toward a strong open

Sunday - November 2, 2008:

  1. Brown seeks IMF boost; China feels crisis
  2. China, India feeling impact of global crisis
  3. Did N.Y. Dems create economic diversion for Obama
  4. Japan's new economic package ineffective

Saturday - November 1, 2008:

  1. A Dismal Earnings Outlook on Wall Street
  2. China And Russia Hint At Dropping US Dollar
  3. Banking panel chairman says use of bailout funds for executive bonuses violates the law
  4. Consumers slash spending, world markets stabilize
  5. Federal Regulators Shut Down Freedom Bank
  6. October auto sales may have hit two-decade low
  7. Vince Cable says Royal Bank of Scotland is 'making monkeys' out of government as it prepares to pay millions in bonuses
  8. What's scary about this recession

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