Economic Crisis
Daily News and Updates

Sunday - November 25, 2012:

  1. Britain 'close to losing top credit rating'
  2. Leaders break off EU budget talks
  3. Why should anyone listen to a country whose imploding economy could drag the whole of Europe down with it?
  4. European Central Bank May Get Merger Veto in Banking Union Plan
  5. Farmers to strike in EU capital next week
  6. Fitch cuts Sony, Panasonic debt ratings to junk status
  7. Sony at greater risk than Panasonic in electronics downturn: Fitch

Monday - November 19, 2012:

  1. Insight Facing austerity, Europe's bureaucrats chafe
  2. Lagarde says Greek program should be rooted in reality
  3. In 6 Weeks, A New Dividend Tax Will Smack Rich People Upside The Head

Sunday - November 18, 2012:

    Nothing to report this morning.

Saturday - November 17, 2012:

  1. China sovereign wealth fund official warns on eurozone austerity
  2. Eurozone crisis live: Senior Chinese official attacks austerity without growth
  3. Van Rompuy financial tax to form part of EU budget
  4. Banks may shrink for good as layoffs near 160,000
  5. $15.9 billion loss highlights need for postal legislative reform
  6. Top U.S. House Tax Writer Vows Tax Reform in 2013
  7. Dell profit falls 47 percent
  8. Exclusive Less fortunate in U.S. hit hardest by extreme weather - report
  9. Twinkies Maker Hostess Going Out of Business, CEO Blames Union Strike

Friday - November 16, 2012:

  1. Eurozone crisis live: Eurozone falls into recession
  2. UK would lose AAA status if it enters triple-dip recession, says ratings agency
  3. Severstal 9M Profit Falls 42% on Falling Prices
  4. Superstorm boosts jobless claims, hits factories

Thursday - November 15, 2012:

  1. Europe's day of anti-austerity strikes and protests turn violent - as it happened
  2. UK risks triple-dip recession, Mervyn King warns
  3. Obama enters 'fiscal cliff' talks calling for $1.6T in tax hikes
  4. Greece begins laying off civil servants
  5. Liberal group outlines $385B in Medicare cuts
  6. Michael Gove cost-cutting to rub out 1,000 civil service jobs
  7. Obama Donor's Corporation Lays Off Employees Due to ObamaCare

Tuesday - November 13, 2012:

  1. Greek MPs approve hefty budget cuts
  2. The coming Boehner debt sellout

Monday - November 12, 2012:

  1. EU budget on the brink after talks collapse
  2. Arab Spring economies to recover slowly in 2013, IMF predicts

Sunday - November 11, 2012:

  1. After Obama reelection, Murray Energy CEO reads prayer, announces layoffs
  2. Papa John's CEO John Schnatter Says Company Will Reduce Workers' Hours In Response To Obamacare
  3. Boeing to cut 30 percent of executive workforce in Southern California

Friday - November 9, 2012:

  1. Hundreds of thousands more jobs to go, EU warns

Tuesday - November 6, 2012:

  1. ECB probes potential blunder on Spanish loans
  2. Merkel says euro crisis could last five years
  3. UK service sector falters
  4. 112-year-old US apparel maker in Pa_ to close

Monday - November 5, 2012:

  1. U.S. fiscal cliff, Europe's debt woes worry G20
  2. Tories to 'slash UK's £280m India aid by HALF'

Sunday - November 4, 2012:

  1. EU proposes '20% VAT rise on new build homes'

Saturday - November 3, 2012:

  1. Unemployment rate inches up to 7.9 percent; jobs increased in October
  2. Sharp's stock falls, credit downgraded as worries mount
  3. Hit by crisis, Greek society in free fall

Friday - November 2, 2012:

  1. Comet more than 6,000 jobs at risk
  2. Two-thirds of jobs go to immigrants during Obama's four years

Thursday - November 1, 2012:

  1. Euro-countries continue to bleed jobs
  2. Eurozone unemployment hits new high
  3. Dexia bank needs up to €6bn in recapitalisation

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