Ecomomic Crisis
Daily News and Updates

Tuesday - November 30, 2010:

  1. Portuguese, Spanish CDS hit record high
  2. Roubini sees Portugal bailout, possibly Spain as well
  3. Durbin Says U.S. Debate to Go Beyond Bush Tax Cuts
  4. Obama proposes pay freeze for federal workers
  5. Benefit cuts save 160,000 state jobs as Osborne sparks Tory fury by scaling down assault on public sector
  6. House prices set to tumble further as buyers continue to shun the market
  7. Ireland's EU Financial Rescue Fails to Stem Contagion as Spain Bonds Drop

Monday - November 29, 2010:

  1. Who's next? Brussels approves £72bn bailout loan for Ireland as concern grows over further handouts

Sunday - November 28, 2010:

  1. Debt crisis escalates in Europe; fears grow about Spain
  2. Spain, Portugal face pressure for bailouts
  3. Thousands protest against Irish bailout

Saturday - November 27, 2010:

  1. Japan passes new $61bn stimulus package
  2. Eurozone crisis sends FTSE tumbling into the red as Portugal faces pressure to seek a bailout
  3. Spiralling euro crisis could cost us billions more: Now there are fears for Spain, Portugal and Belgium

Friday - November 26, 2010:

  1. Belgium joins financial markets' hit list
  2. Spain, Portugal and Belgium set to follow Ireland into abyss as debt crisis threatens to destroy the euro
  3. UK: Three Post Offices closing every week... and 900 could be gone within a year

Thursday - November 25, 2010:

  1. Chinese banks reach lending ceiling
  2. China, Russia quit dollar
  3. Domino effect hits Europe
  4. Fed lowers economic expectations for 2011
  5. Investors Leery of Euro Zone Bonds
  6. Ireland unveils bailout plan
  7. Ireland's credit rating slashed as under siege government unveils four-year austerity plan
  8. Portugal grinds to a halt in general strike protesting austerity measures

Wednesday - November 24, 2010:

  1. CHINA: If Beijing does not stop inflation, serious social unrest might follow
  2. Czech president approves austerity measures
  3. Merkel warns euro in 'serious condition'
  4. Fresh market turmoil as British bank shares take pounding over fears Irish crisis will spread
  5. Irish prime minister expected to get austerity budget through
  6. Russia's 2010 inflation rate to top 8% - minister
  7. Investing strategies for the wild year ahead
  8. Number of mortgages approved for buyers slumps to 19-month low
  9. Would it be so bad if the euro failed?
  10. Rail fares to rise by average 6.2% next year

Tuesday - November 23, 2010:

  1. Economists worried about U.S. inflation survey
  2. Irish government near breaking point as allies quit
  3. It’s On: The Insider Trading Raids Have Started
  4. Cost of parking fines could be doubled to £120 as councils demand 'stealth tax'
  5. Russia to sell Mosmetrostroy metro building company on December 23
  6. Thanksgiving need at area food pantries reaches record levels

Monday - November 22, 2010:

  1. Ireland asks for financial bailout
  2. Hague sparks diplomatic row as he is asked if euro will survive Irish debt crisis - and simply answers...Who knows?
  3. Police recruiting freeze likely to shrink force by 6,000 this year, says Ed Balls
  4. Growing National Nurses United union steps up strikes in aggressive new strategy

Sunday - November 21, 2010:

    Nothing to report this morning.

Saturday - November 20, 2010:

  1. Allied Irish Bank suffers massive withdrawals
  2. Lockheed to close Minnesota plant by 2013
  3. Ukraine 'will not manage without IMF' – deputy prime minster
  4. NYC To Close Firehouses At Night To Save Money
  5. Get ready for a wild ride in 2011

Friday - November 19, 2010:

  1. Cuts and VAT rise 'will slow growth'- But OECD still backs Osborne's austerity plans
  2. India: Microcredit Sector Faces Collapse From Defaults
  3. Ireland 'to sign up to £86 billion loan facility' as country looks for way out of debt crisis
  4. Lawmakers hit banks, regulators on foreclosures
  5. Bloomberg To Unveil Massive Layoff Plan Today

Thursday - November 18, 2010:

  1. Sam’s Exchange Gold is Trading as a Currency A Fiat Currency
  2. CHINA: Beijing to announce anti-inflation measures, Asian markets react with concern
  3. EU-IMF team heads to Ireland to explore crisis steps
  4. Federal Reserve officials see need for full QE2
  5. Russia: Government approves $33 bln privatization plan for 2011-2013
  6. Rival deficit plan raises taxes, angers all
  7. Britons face surge in cost of living as fuel prices push inflation to 3.2%
  8. Investments to capitalize on rising food prices
  9. Money Talks How Countrywide Profited on Foreclosures
  10. Report says ETFs distort market, increase risk of meltdown
  11. U.S. Sets 50 Bank Probes
  12. Wall Street quietly seeks to undo new financial rules

Wednesday - November 17, 2010:

  1. Brussels fury as UK forces budget freeze
  2. CHINA – UNITED STATES – G20: “There will be a world war over currency”
  3. Don't underestimate foreclosure crisis, watchdog warns
  4. Ireland's debt crisis - live coverage
  5. Ireland's debt crisis could kill the European Union stone dead, EU president warns
  6. More US households short of food
  7. How the Tea Party is brewing up trouble for the world's currencies
  8. Unfunded pensions dragging California down

Tuesday - November 16, 2010:

  1. Greek debt higher than expected, EU audit reveals
  2. Ireland debt crisis worsens as Portugal warns of contagion effect on Europe
  3. Tory MPs urge Cameron to block British money being used to bailout ailing Irish economy
  4. Lacker says Fed's new easing push too risky
  5. Fifty private schools fold and dozens more struggle as parents feel economic squeeze
  6. INDIA: Unemployment around 10 per cent, very thin social safety net
  7. U.S. Postal Service on the Verge of Going Broke?

Monday - November 15, 2010:

  1. Fed's ability to influence market may be over
  2. Amid economic strains, APEC trumpets free trade
  3. George Osborne plans to cut levy on banks' balance sheets
  4. Ireland's young flee abroad as economic meltdown looms

Sunday - November 14, 2010:

  1. Fed policy and the case for a return to the gold standard
  2. IMF says Ireland can manage amid EU rescue talks
  3. Obama calls for earmark reform, GOP calls for ban
  4. U.S. and China stick to guns on global balancing at APEC

Saturday - November 13, 2010:

  1. Eurozone finance ministers gird themselves as Irish situation deteriorates
  2. Ireland in aid talks with EU, rescue likely sources
  3. G-20 leaders refuse to endorse US push against China on currency
  4. Europe's Growth Slows as Deficit Cuts Dent Recovery
  5. State budget cuts on the way
  6. Household income falling faster than any year since the war
  7. World leaders pledge ceasefire in currency war but G20 deal falls well short of target
  8. British Gas hits eight million customers with seven per cent price hike just before winter
  9. Social Security reforms could be bombshell for House GOP

Friday - November 12, 2010:

  1. G20 grapples with formula to ease currency strains
  2. Why Bernanke's plan is raising trade tensions
  3. Bank of England chief warns of new surge in the cost of living
  4. Greece Jobless Rate Rose to Record 12.2% in August
  5. Ireland admits to 'serious' borrowing problems
  6. Deficit Plan Matches $3.8 Trillion Math With Tough Politics
  7. Many deficit commission staffers paid by outside groups
  8. California's deficit balloons to over $25 billion
  9. Cisco shares plummet, sink broader market
  10. S.F. may hit drivers with variety of tolls

Thursday - November 11, 2010:

  1. Deficit panel targets Social Security and taxes
  2. Obama panel recommends $200B in spending cuts
  3. U_S_ Debt Proposal Would Cut Social Security, Taxes, Medicare
  4. 'Arrogant' Barclays pays bankers £220,000 each despite tumbling profits
  5. Chinese Credit Rater Downgrades U.S.
  6. Half of families are struggling to pay their debts: Bank of England chief warns of new surge in the cost of living
  7. Largest Calif. employee union OKs pension changes
  8. So long, California
  9. Up to 75% of councils are dimming the lights to save money

Wednesday - November 10, 2010:

  1. Russia to 'Insist' U.S. Coordinate With G-20 Members on Monetary Measures
  2. Some judges chastise banks over foreclosure paperwork
  3. US dollars will inflate emerging-market bubble
  4. China raises expectations of more rate rises
  5. House prices set for prolonged downturn
  6. Media spinning unemployment to 'boost' Obama

Tuesday - November 9, 2010:

  1. Gold tops $1 400; Dow drops 37
  2. Zoellick seeks gold standard debate
  3. 1.2 million people want a job but aren't looking
  4. Germany attacks US economic policy
  5. Housing benefit cuts will 'push poor out of south', experts warn
  6. Number of the Week $10.2 Trillion in Global Borrowing

Monday - November 8, 2010:

  1. All spending is target, Republicans warn
  2. U.S. Banks Failing At Fastest Pace In 2 Decades
  3. At Asia-Pacific Forum, Geithner Defends U.S. Policy
  4. G20 showdown likely over US Federal Reserve's quantitative easing
  5. Council spends £2m on new traffic wardens... as it axes 530 jobs
  6. Unemployed told do four weeks of unpaid work or lose your benefits
  7. Unemployment payouts push California deeper into debt

Sunday - November 7, 2010:

  1. Bernanke wrong on money printing, quantitative easing
  2. Dollar Drops Most in Four Weeks as Federal Reserve to Buy Bonds
  3. U.S. and China step back from tussle on economic policy

Saturday - November 6, 2010:

  1. Global anger swells at Fed actions
  2. U_S_ dollar printing is huge risk - China central bank adviser
  3. Lapse of U.S. Unemployment Benefits May Cool Spending
  4. Fed may let strong banks hike dividends
  5. September pending home sales fall 1.8 percent
  6. New bank rules will create 5.5million 'mortgage prisoners'
  7. RBS staff in line to share £2bn - despite plunging back into red with £1.4bn loss
  8. Unemployment Rate Remains At 9.6 Percent
  9. Wholesale food prices soar as commodity costs rise

Friday - November 5, 2010:

  1. Federal Reserve inflation action will hurt economy
  2. Bachmann: I begged the Fed not to do this
  3. U.S. consumers brace for fast rising food prices

Thursday - November 4, 2010:

  1. Fed takes bold step to bolster economy
  2. Fed to Buy Extra $600 Billion of Treasuries to Boost Growth
  3. Market returns mean you need to save more for retirement
  4. Shift in Washington Stirs Economic Jitters Abroad
  5. Ministers earmark more than 100,000 civil service job cuts
  6. Cost of feeding a family soars by £230 a year... as supermarkets enjoy profits boom

Wednesday - November 3, 2010:

  1. Cuts to 'cost 1.6m jobs', MPs warned
  2. World Bank says increases Russia's 2010 inflation forecast to 8-9 pct
  3. Russia may issue convertible bonds to sell state assets in 2011

Tuesday - November 2, 2010:

  1. Federal Reserve's, Bernanke's credibility on line with new move to boost economy
  2. David Cameron admits difficulties in getting banks to lend more
  3. Graduate unemployment at highest level for 17 years
  4. Small businesses say recovery is months away survey
  5. Ambac misses interest payment, may file bankruptcy
  6. Factory growth quickens in October
  7. Global manufacturing shows signs of strength
  8. Robo-Signing at Companies That Buy Consumer Debts

Monday - November 1, 2010:

    Nothing to report on this morning

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