Ecomomic Crisis
Daily News and Updates

Friday - October 31, 2008:

  1. World Tires of Rule by Dollar
  2. Credit-Default Swaps on US Treasuries Have Risen Nearly 40 Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai Government Debt
  3. Amex to cut 7,000 workers
  4. China, Russia renounce the dollar?
  5. Harsh storm threatens global economy
  6. NYAG Cuomo warns nine banks about bonus payments
  7. U.S. economy shrank in the third quarter

Thursday - October 30, 2008:

  1. Meet the World’s New Currency the Chinese Yuan
  2. Egyptians tipped over the edge
  3. IMF urged to aid Pakistan quickly
  4. PMs from Shanghai group to discuss global financial crisis
  5. Rate hopes and bargain hunting lift world stocks
  6. Sony profit plunges 72 percent on strong yen
  7. Stocks end mixed in late slide after Fed rate cut
  8. Tel Aviv Stocks: How Low Can You Get?
  9. Easy-going Gulf states seen getting hit hard

Wednesday - October 29, 2008:

  1. Inflation, Deflation or New Nation
  2. Bargain Hunting Boosts Dow 900 Points
  3. Hopes rise for rate cuts; U.S. consumers gloomy
  4. IMF likely to need more money for its bailout fund
  5. IMF may need to print money as crisis spreads
  6. White House to banks Start lending now
  7. Russian Railways issues profit warning for 2008
  8. Whirlpool To Cut 5,000 Jobs

Tuesday - October 28, 2008:

  1. Europe and Asia "delay" search for joint effort against financial crisis
  2. Financial crisis: the challenge now is to save people and the real economy
  3. Job Losses Buffet U.S. Early, Compounding the Downturn
  4. Wall Street gains bring relief to London stockmarket
  5. Rate cuts seen ahead, G7 frets about yen
  6. Recession fears haunt markets
  7. Russian economists predict ruble collapse, govt. dismisses fears
  8. Britain needs 0% rate to avoid depression warns economist
  9. Senator Predicts “Revolution” If Banks Don’t Lend
  10. Dr. Doom forecasts depression
  11. Cost of crash: $2,800,000,000,000
  12. Wall Street drops to 5-yr lows on economic fear

Monday - October 27, 2008:

  1. Nouriel Roubini: I fear the worst is yet to come
  2. Down for the Count
  3. Fed expected to lead round of rate cuts
  4. Fed to slash rates as recession looms
  5. Icelanders march, call on PM to resign after bank collapse
  6. Recession fears haunt markets

Sunday - October 26, 2008:

  1. China's Wen calls for 'every means' against crisis
  2. Asia, Europe close ranks to ease financial crisis
  3. Crisis could trigger big public transit payments
  4. Does Anyone Care About a Trillion Dollar Deficit?
  5. How the financial crisis is affecting America's churches
  6. Summit leaders- Global teamwork needed to fight crunch

Saturday - October 25, 2008:

  1. Forecast 2 Years of Deflation, Followed by Raging Inflation
  2. The U.S. Dollar Death Dance
  3. Bush to Host World Leaders at Nov. 15 Economic Summit
  4. Global recession fears intensify, markets dive
  5. Markets in tailspin
  6. Chrysler to cut 25 % of salaried work force
  7. Wall Street layoffs could surge past 200,000
  8. Recession alarm rings around the world
  9. Wall Street drops on worries about deep slowdown
  10. World markets slide on economic growth fears
  11. Xerox to cut 3,000 jobs in next six months

Friday - October 24, 2008:

  1. EU President Calls For “Global Governance” To Solve Financial Crisis
  2. Roubini Says `Panic’ May Force Market Shutdown, Fund Failures
  3. Argentina pensions the credit crunch claims its biggest victim
  4. EU warns sink or swim in financial meltdown
  5. Financial crisis topic of Euro-Asia summit
  6. IMF ready to help many nations
  7. Job cuts, auto woes deepen global recession fears
  8. Job Losses Accelerate, Signaling Deeper Distress
  9. Banks borrow record amount from Fed
  10. Real Estate Home Prices Falling Around the World
  11. Shekel Suffers Dizzying Woes, Where It Stops No One Knows
  12. TASE closes with mixed results as Bar-On vows to combat downturn
  13. US foreclosure filings up 71 percent in 3Q
  14. World Stock Markets Show Jitters
  15. WSJ: Banks may see record credit card losses

Thursday - October 23, 2008:

  1. British prime minister- recession likely in UK
  2. China calls for cooperation on financial crisis
  3. IMF warns of European recession
  4. Jordanians hit by mass financial scam
  5. Lifeline for Automakers Dangles Just Out of Reach
  6. Monthly job losses cut across 41 states
  7. Stocks slide deepens; emerging markets hammered
  8. Stocks tumble on worries about earnings forecasts

Wednesday - October 22, 2008:

  1. At last, Bank chief admits it really is a recession
  2. Fed aids money markets; Wall Street falls
  3. Kremlin announces extra measures to support economy
  4. Regional banks' results hurt by credit crisis
  5. Tax Rebates Looking Less Likely For Stimulus Bill
  6. Sol Sanders: Correcting the spinners U.S. government interference was root cause of global crisis
  7. Yahoo slashes 10% of workforce, or more than 1500 heads

Tuesday - October 21, 2008:

  1. Biden Predicts “International Crisis” Within First 6 Months Of Obama Presidency
  2. Spend Baby Spend U.S. Budget Deficit to Soar Again
  3. Globalists Exploit Financial Meltdown In Move Towards One World Currency
  4. Nasdaq Could Sink to 1,108 as Bear Accelerates Analyst
  5. Economics Public finances slump to record deficit
  6. European markets all open strongly
  7. German cabinet agrees conditions for bank rescues
  8. Interbank lending, stimulus provide hope in crisis
  9. Mortgage lending slumps 42% in a year
  10. U.N. agency says crisis to cost 20 million jobs
  11. U.S. Treasury official says situation grim report

Monday - October 20, 2008:

  1. Banks may be safe, but what about us.
  2. Confidence at record low as slump looms.
  3. ING bank accepts €10bn Dutch cash injection.
  4. ECB’s Nowotny Sees Global `Tri-Polar’ Currency System Evolving

Sunday - October 19, 2008:

  1. Bush to host financial summit
  2. Bush to meet Sarkozy, EU leader on reforms
  3. Bush, Sarkozy to meet as signs of recession mount
  4. European leaders press for new economic order
  5. Fallout from financial crisis hammers housing
  6. Political Rivals Take Aim at Brown as His Political Stature Rises
  7. European leaders press for new economic order
  8. Sarkozy Calls for Revamping of Capitalist System
  9. Sell-Offs Hurting Emerging Markets
  10. The debt bomb
  11. Wall Street bankers in line for $70bn payout

Saturday - October 18, 2008:

  1. Bush, Sarkozy to meet as signs of recession mount
  2. French bank loses 600 million euros in bad trades
  3. Recession Fears Grip Stock Markets in Europe, Asia
  4. Sarkozy Calls for Revamping of Capitalist System
  5. Swiss Back Up Banks With Aid, Guarantees
  6. World financial crisis may put 4,000 Israeli jobs on the line

Friday - October 17, 2008:

  1. Europe extends global market losses
  2. FTSE Plunges As Fear Grips Markets
  3. Plans to log every call and email in Britain is a ‘Big Brother nightmare’, warns Government’s own anti-terrorism watchdog
  4. G-8 Nations Plan Summit On Global Financial Rules
  5. Credit Cards May Be Next Trouble Spot in Crisis
  6. Lower Credit-Card Limits Hit Holiday Shopping
  7. Mortgage rate increases only temporary
  8. U_S_ industrial output posts biggest fall in 34 years
  9. Philly Fed Oct factory activity crashes
  10. European Stocks Fall on Economy Concern; Rio, Barclays Drop
  11. Swiss banks raise emergency funds to fight crisis
  12. Worries over economy spread; global markets sink
  13. Contagion saps Hungary's strength
  14. Greenberg invokes his Fifth Amendment right
  15. US reports grim economic outlook, EU vows action
  16. Market ends sharply higher on bargain hunting and oil
  17. Citi posts another loss, still wants to buy a bank
  18. Merrill wealth unit shows signs of weakness
  19. Swiss National Bank Takes $60B in Troubled UBS Assets
  20. Hirsh Make Big Banks Pay for Financial Crash Newsweek Voices - Michael Hirsh
  21. Russia's RTS closes trading with share prices sharply down
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