Ecomomic Crisis
Daily News and Updates

Monday - November 30, 2009:

  1. Dubai Crisis May End in ‘Major’ Default, BofA Says
  2. Dubai is just a harbinger of things to come for sovereign debt
  3. Food stamp stigma fading fast
  4. Food Stamp Use Soars, and Stigma Fades
  5. UAE moves to counter Dubai fallout but markets wary

Sunday - November 29, 2009:

  1. Goldman Sachs and US demise
  2. In the Black Friday crowds, a lingering sense of caution
  3. Party's over for credit card lenders
  4. Treasury to Pressure Mortgage Companies to Cut Payments
  5. British banks quizzed on exposure to Dubai crisis
  6. UK banks and jobs at risk from Dubai domino effect
  7. Wake-up Call For World markets
  8. UPDATE 2-Fed's Bernanke-audit would hurt economic prospects

Saturday - November 28, 2009:

  1. Asian markets down for fear of Dubai
  2. Dubai crisis spooks markets
  3. Gordon Brown attempts to play down global impact of Dubai crisis
  4. World markets endure several jolts
  5. Big U.S. Banks May Be Forced to Raise More Capital Soon
  6. Chicago operating with skeleton crew
  7. Dubai debt crisis: Now British banks face fresh crisis after investing billions
  8. The dollar's down decade
  9. VTB lends $226 mln to Moscow Region government
  10. Ailing transport giant National Express stripped of East Anglia rail franchise three years early

Friday - November 27, 2009:

  1. Dubai debt shock knocks £14bn off bank shares
  2. Dubai's debt shakes world markets
  3. New York state running out of cash
  4. TARP, recovery and now … this!
  5. Thanksgiving No Holiday for World Markets

Thursday - November 26, 2009:

  1. Lending Declines as Bank Jitters Persist
  2. Apartment purchases drop 6.8% in October (Israel)
  3. BMI shakeup puts 600 jobs at risk
  4. City minister refuses to rule out more secret loans to stricken banks
  5. Credit card reform; new law and fees
  6. Report Arizona leads country in lost jobs

Wednesday - November 25, 2009:

  1. F.D.I.C. Insurance Fund Falls Into the Red
  2. Study CEOs cashed in before Wall Street meltdown
  3. Wave of Debt Payments Facing US Government
  4. U.S. third-quarter economic growth revised down
  5. Gold Glittering Brighter Next to Dim Dollar
  6. Business Digest GM asks Europe for restructuring help
  7. Fed asks U.S. banks to submit TARP repayment plans
  8. Feds target misuse of stimulus cash
  9. Goodbye jobs, hello mom and dad, say young adults
  10. Gulf Air to cut jobs, scrap routes in bid to stay afloat

Tuesday - November 24, 2009:

  1. After 350 years, cheques to be consigned to the history books
  2. Fischer Surprise: 0.25% Interest Hike (Israel)
  3. Home sales at 2-1-2 year high (Just another bubble created by Gov't tax credits)
  4. Post Office bailout on the table
  5. Russia expects $2.7 bln from privatization auctions in 2010
  6. Russia's postal operator to cut 33,000 personnel

Monday - November 23, 2009:

  1. Cities find the fine print is costing millions
  2. Europe - Germany warns US on market bubbles
  3. Joblessness rose in 29 U.S. states last month

Sunday - November 22, 2009:

  1. 'We the People' demanding stimulus audit
  2. The Christmas credit crunch: Greedy finance firms push interest rate towards 40%
  3. Putin announces $17 bln in state guarantees for companies in 2010

Saturday - November 21, 2009:

  1. Bond market warns of new financial crisisTop Stocks blog
  2. Some T-Bills Due Jan, Feb Are Trading With Negative Rates
  3. Britain PLC: Just one big black hole as tax crash drives our borrowing to £11_4bn - 88 times more than last year
  4. House prices 'will fall up to 10% next year and take years to recover to pre-recession levels'

Friday - November 20, 2009:

  1. Société Générale tells clients how to prepare for 'global collapse'
  2. U.S. recovery seen subdued, jobless rate high OECD
  3. Mayors Sound Alarm Over Drop in City Revenues
  4. Russia's Central Bank set to buy 965,000 oz of gold by yearend
  5. Social Security reform, bankrupt, benefits, plan for retirement
  6. AOL plans to cut a third of workforce
  7. Fed officials play down impact of weak dollar
  8. House Attacks Fed, Treasury
  9. OECD slams BoI's foreign currency purchases
  10. Sharks off the British coast- Oil tankers refuse to unload until prices rise... keeping YOUR fuel costs soaring

Thursday - November 19, 2009:

  1. 15% of Americans have trouble putting food on table
  2. Commodity Rally Drives Mining Stocks Higher as Dollar Drops
  3. Housing starts fall sharply, inflation edges up
  4. Jobless Benefits Will Expire Unless Congress Acts
  5. The worst is yet to come: Unemployed Americans should hunker down for more job losses

Wednesday - November 18, 2009:

  1. Obama Too much debt could fuel double-dip recession
  2. IMF urges China to appreciate currency
  3. China, U.S. eye pact to help troubled banks- sources
  4. Financial Overhaul Now Expected to Get Mid-December Vote
  5. Almunia presses China to act on currency pledge
  6. Fischer: Israeli Economy Stronger Than Most, Could Be More So
  7. Bernanke reassures markets on dollar
  8. 'The Secret of Oz' exposes devious financial wizards
  9. US Postal Service has $3.8 bln loss in fiscal '09

Tuesday - November 17, 2009:

  1. Bernanke offers grim job outlook, help for dollar
  2. CIT's bankruptcy raises new questions about bailout
  3. Exclusive Obama Administration Strips 60K Phantom Jobs From Stimulus Report
  4. Fed eyes dollar drop, but hews to low-rate pledge
  5. Fed's Hoenig says significant weakness in economy
  6. Global Crisis Leads to Sale of Jewish Property in Jerusalem
  7. IMF Chief Says Stronger Chinese Yuan Needed
  8. Petrol up 26% in one year: £5 a gallon by Christmas... DESPITE fall in the cost of oil!

Monday - November 16, 2009:

  1. Citi to sell Bellsystem stake to Bain for $1 billion
  2. Gordon Brown gives bank victims the right to claim 'instant justice'

Sunday - November 15, 2009:

  1. If your bank fails, will you be ready
  2. More funds playing a risky game

Saturday - November 14, 2009:

  1. AOL expects more layoffs in spinoff
  2. Arrogant Fed hasn't learned a thing
  3. Dollar trouble, oil's bubble could derail recovery
  4. More White House economic baloney
  5. Risky for gov't to subsidize hirings
  6. Take from the rich, give to the gov't
  7. Trade Deficit in U.S. Increases by Most Since 1999

Friday - November 13, 2009:

  1. 10 states in financial hot water- Market Dispatches
  2. Barrick shuts hedge book as world gold supply runs out
  3. Detroit schools facing textbook problems
  4. Gold Hits Record High as Dollar Slides
  5. House sales set to crash to lowest level since World War II as fewer homes hit the market
  6. Pay gap widens as public sector gets 2.8% annual rise - three times bigger than private
  7. Repossessions rise by 3%
  8. World Tries to Buck Up Dollar

Thursday - November 12, 2009:

  1. Adobe to cut 680 more jobs as economic squeeze continues
  2. AOL lays off 100 employees ahead of spinoff
  3. Bank boss Mervyn King warns Darling that Britain lacks 'credible plan' to tackle spiralling national debt
  4. Geithner wants strong dollar, will tackle deficit
  5. New crisis ahead 5 things to watch
  6. Stocks flash warning signs

Wednesday - November 11, 2009:

  1. Barclays bank bosses consider defying bonus crackdown and giving employees pay rises
  2. Get ready for the big tax squeeze
  3. Observer to cut sections in redesign
  4. Paterson: NYS Will Be Broke In 4 1/2 Weeks If Cuts Aren't Made Immediately
  5. Pfizer will close R&D sites and cut jobs
  6. Sprint to cut up to 2,500 jobs, sees charge

Tuesday - November 10, 2009:

  1. Advanta Files for Protection, Bank May Face Takeover
  2. Millions of credit card customers may face higher fees and interest rates
  3. Shocking numbers Real unemployment tops 22%
  4. The people aren't buying it, Mr. President

Monday - November 9, 2009:

  1. Freddie Mac posts $5 billion loss

Sunday - November 8, 2009:

  1. Broader Measure of Unemployment Stands at 17.5%
  2. California bank failure to cost FDIC $1.4 billion
  3. From bad to worse: Broken bank RBS lost another £2.2 billion in the last three months and 10,000 more jobs in danger
  4. India's big vote for a gold rally
  5. UK floats bank levy
  6. Ukraine's inflation tops 10% in year to September

Saturday - November 7, 2009:

  1. 9 questions that Wall Street must answer
  2. House price 'bubble' as buyers outnumber sellers five to one
  3. Insolvencies hit record high
  4. More BA job cuts looming after record £292million losses
  5. Russia's foreign trade down 43.9% in Jan-Sep
  6. Russia's foreign trade down 43.9% in Jan-Sep
  7. U.S. Economy: Unemployment Rate Jumps to 26-Year High

Friday - November 6, 2009:

  1. Warning: New asset-price bubbles could burst
  2. AvtoVAZ requires extra $170 mln to make 'competitive products'
  3. Central banks lead subtle shift away from dollar
  4. House Passes Extended Unemployment Benefits
  5. Interest rates held at 0.5% as Bank prints £25billion more money to kickstart UK's flagging economy
  6. Congress giving homebuyers a $6,500 tax break
  7. The number of homes worth more than £1 million has fallen by a third during the past two years

Thursday - November 5, 2009:

  1. World economy on the brink of a new crisis
  2. Credit shortage threatens EU economic recovery
  3. George Soros bets against America
  4. Gold sweeps to record high above $1,080
  5. Mandelson demands talks over Vauxhall's future as Germany seethes
  6. Microsoft cuts 800 jobs, completes layoff plan

Wednesday - November 4, 2009:

  1. Economist warns of president's financial 'bubble'
  2. India buys 200 tons of gold
  3. J&J to slash 7,000 to 8,000 jobs
  4. On the path to economic suicide
  5. British government downsizes bailed-out U.K. banks

Tuesday - November 3, 2009:

  1. Asian markets hit by CIT bankruptcy, Wall Street's fall
  2. European, US stocks up on manufacturing optimism
  3. Obama warns on job losses, urges export boost
  4. Russia's Reserve Fund down 2.4% to $77.18 bln in October
  5. Sour 'stimulus' plan reduces employment

Monday - November 2, 2009:

  1. Alistair Darling to unveil plans to break up Lloyds and RBS
  2. Chrysler offers buyout to 23,000 workers
  3. Citigroup Is on Its Fourth Government Bailout
  4. Commercial lending giant CIT files bankruptcy
  5. Government to break up Lloyds and RBS into three new banks

Sunday - November 1, 2009:

  1. Nine U.S. banks seized in largest one-day haul

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