Ecomomic Crisis
Daily News and Updates

Saturday - October 31, 2009:

  1. Auto bailouts - they just keep a'coming
  2. Consumer spending falls as sentiment sours
  3. Economic worries batter stocks
  4. Economy returns to growth after deep slump
  5. Gazprom's RAS net profit down to $6.5 bln in Jan-Sep
  6. Personal spending falls 0.5 percent in September
  7. Report: Stimulus created, saved 650K jobs
  8. U.S. economy stabilized but risks remain Geithner
  9. Wilbur Ross Sees ‘Huge’ Commercial Real Estate Crash

Friday - October 30, 2009:

  1. Stock analysts issue 'Black Tuesday' warning *****(See James, Chapter 5)
  2. The Economic Fallout FROM politics *****(See James, Chapter 5)
  3. Soros: China should lead ‘new world order’
  4. US economy emerges from recession
  5. Stimulus jobs in U.S. overstated by thousands
  6. Aeroflot's half-year net profit down 80% to $14 mln
  7. US economy is growing once again
  8. BBC to cut more than 100 managers to make £20m executive savings
  9. Russian oil giant LUKoil posts 92% net profit decline in Q3
  10. Russian truck maker KamAZ posts $60 mln half-year net loss
  11. Russia's top bank to cut refinance rate to 9.5% p.a. Oct. 30

Thursday - October 29, 2009:

  1. Air passengers to be hit by hike in long haul fares as Government increases tax
  2. Bill in works to let U.S. dissolve failing firms
  3. Brussels approves plan to split Northern Rock into 'good' bank and 'bad' bank ahead of RBS and Lloyds carve-up
  4. Decline in U.S. dollar's value helps the United States but threatens competitors
  5. Economy is kick-started, but can it motor ahead?
  6. New home sales drop, durable goods orders up
  7. New home sales take surprise tumble
  8. U.S. consumer confidence up for first time since 2007
  9. Dem bill urges new US powers over financial firms

Wednesday - October 28, 2009:

  1. 5 Myths About the Economic 'Recovery'
  2. 9 Signs of America in Decline
  3. Big Macs off menu as Iceland's economic crisis bites
  4. Bill in works to let U.S. dissolve failing firms
  5. Cap and Trade: A License Required for your Home?!
  6. Ex-Treasury official: Dump dollar

Tuesday - October 27, 2009:

  1. Belarus receives $699.5 mln loan tranche from IMF
  2. Capmark Files for Bankruptcy With $21 Billion in Debt
  3. City of Moscow to borrow $570 mln from federal funds
  4. Economic reports point to bumpy recovery
  5. Running in the Shadows - Recession Drives Surge in Youth Runaways
  6. WCSH6_com Portland, ME: FairPoint Voluntarily Files For Ch. 11 Protection

Monday - October 26, 2009:

  1. Brown insists Britain is winning economy battle

Sunday - October 25, 2009:

  1. 2,000 at Polish factory protest job cuts
  2. Electrolux plant closing
  3. Honey, they shrunk the biscuits! Or how supermarkets are boosting profits by secretly making food packets smaller
  4. Bank failures hit 106 for year; many more are weak
  5. Recession continues to grip Britain

Saturday - October 24, 2009:

  1. China bidding dollar goodbye?
  2. Weak dollar raises talk of alternative world currency
  3. 80 years later, this isn't '29 again
  4. Longest recession Britain's ever had: Shock figures leave Darling Budget forecast in tatters
  5. U.K. economy sinks deeper into recession
  6. Pay restrictions may not fix underlying risk-taking
  7. Excerpt: China's U.S. conversion
  8. Global Agenda Banking blues revisited
  9. Stocks end week lower as investors take profits
  10. AIG’s Top Swaps Managers Kept Bonuses, Feinberg Says
  11. Rich Germans demand higher taxes

Friday - October 23, 2009:

  1. 7 reasons housing is doomed
  2. Dollar's fall renews fears of higher oil prices
  3. Reneging on the debt
  4. National Express issues profit warning
  5. U.S. Initial Jobless Claims Rose More Than Forecast
  6. Fed proposes to police bank pay for 1st time
  7. Fed issues bank pay guidelines to combat risk
  8. The Chinese economy grows by 8.9%
  9. Leading economic indicators rise again in Sept.
  10. Reducing deficit key to U.S. rating Moody's
  11. AvtoVAZ new anti-crisis measure: bankruptcy

Thursday - October 22, 2009:

  1. Is alternative to dollar in works?
  2. 23 states report higher unemployment in Sept.
  3. Alistair Darling blasts Goldman Sachs over bonuses
  4. American Airlines parent reports $359 million 3Q loss
  5. As aid shrinks, more 'stuck' for day care
  6. Bernanke Airs Concern on Speeding Up Credit-Card Law
  7. Deserted shopping mall bleak symbol of Fed bailout
  8. Excerpt The hit from big debt
  9. Japan’s Borrowing Habits Raise Alarms and Offer Insights
  10. Mervyn King launches blistering attack on £1tn banks bailout
  11. New bonus bonanza at RBS despite promises to rein in pay
  12. Oil at $80 That's good news and bad news
  13. Oil Surges to One-Year High on Lower Dollar, U.S. Fuel Supplies
  14. Russia may privatize certain state corporations - Medvedev
  15. Russian oil export revenue down 45% in Jan-Sep
  16. Russia's VTB Group posts better-than-expected half-year net loss
  17. U.S. to Order Pay Cuts at 7 Companies With Bailout Aid

Wednesday - October 21, 2009:

  1. Applications for home building permits fall
  2. Bankruptcy of German Quelle leaves thousands jobless
  3. Citibank yanks MasterCards
  4. Revised Greek deficit figures cause outrage
  5. Europe Officials Concerned on Dollar, Euro’s Gains
  6. French rail workers strike over jobs fears
  7. In Hawaii, school's out for recession
  8. New York Times to cut 100 newsroom jobs
  9. Oil Rises Above $80, Gold Near Record High on Dollar
  10. College tuition is up sharply amid recession
  11. Revised formula puts 1 in 6 Americans in poverty
  12. Public borrowing soars past £77billion in just six months... the highest level since records began in 1946
  13. Taxpayers now bailing out bus industry
  14. The dollar's fall: Deal with it
  15. U.S. launches aid for state, local housing agencies

Tuesday - October 20, 2009:

  1. Fed chairman calls for US to cut deficit
  2. FSA tightens mortgage lending rules
  3. G20 - the new architecture for international economic cooperation?
  4. High jobless rates could be the new normal
  5. Is chip makers' strength an illusion?
  6. Metals giant Norilsk Nickel posts 84% half-year net profit slump
  7. Obama aides contrast Wall Street bonuses with unemployment
  8. Oil Jumps Above $79 to 2009 High Before Retreating
  9. Russian-Chinese trade down almost 35% in first nine months of 2009
  10. Russia's largest carmaker AvtoVAZ could file for bankruptcy

Monday - October 19, 2009:

  1. Bolivia summit adopts new currency
  2. Big Wall Street bonuses offensive Obama aide
  3. Obama, Advisers Push Back on Bank Lobbying on Rules
  4. The Jury's Still Out

Sunday - October 18, 2009:

  1. AT&T to raise landline phone service by more than 20 percent
  2. Business Digest European Commission Concerned Over Opel Sale
  3. San Joaquin Bank bank is 99th to fail

Saturday - October 17, 2009:

  1. Bailed-Out Banks Raking In Big Profits
  2. Bank of America suffers $2.2 billion loss
  3. Confidential memo shows Amway could move hundreds of West Michigan jobs to Costa Rica
  4. Dow Retreats From 10,000 on Weak Earnings Reports
  5. Halliburton earnings down 61% in third quarter
  6. House Panel Exempts Over 8,000 Banks From Oversight
  7. Russian state banks to cut lending rates to 8-12%
  8. Sony Ericsson 3Q loss widens; gets new financing
  9. Strike protests job cuts in Puerto Rico
  10. Wages could hit steepest plunge in 18 years
  11. Why stocks are surging as jobs disappear

Friday - October 16, 2009:

  1. Protect yourself from a dollar disaster
  2. Foreclosures hit record in third quarter 2009
  3. Harley posts 84% profit drop, shuts down Buell
  4. US House panel votes to regulate derivatives
  5. Many Small Investors Have Sat Out Rally
  6. Nokia makes first loss for more than a decade in face of fierce competition
  7. Wall Street set to award record pay report
  8. What credit crunch? Bankers saved by OUR money last year gorge on bonuses ... and high-risk mortgages are back
  9. Wall Street on track to award record pay
  10. CHINA Foreign investments in China rise 18.9 per cent in September
  11. Citigroup Earns $101M After Dip in Losses on Toxic Loans
  12. Several EU states put in 'high-risk' band on public finances
  13. France Telecom suffers 25th suicide
  14. French hypermarket chain Carrefour leaves Russian market
  15. Russian Industry Ministry against AvtoVAZ carmaker rescue
  16. Russian steelmaker Evraz sees output down 13.2% in 3Q09

Thursday - October 15, 2009:

  1. 30,000 missed out on a university place, figures show
  2. Federal stimulus money created or saved nearly 8,300 jobs in Wisconsin
  3. Bleak U.S. job market boosts military recruitment
  4. For many U.S. wealthy, housing crisis still a squeeze
  5. Geithner Aides Reaped Millions Working for Banks, Hedge Funds
  6. Huge queue of desperate job seekers as unemployment hits 2.47m
  7. JP Morgan bankers on course for bumper bonuses
  8. JP Morgan staff in line for bumper bonuses after investment bank posts 'blowaway' profits of £2.25bn
  9. Meet the 'father of world currency'
  10. No cash for 88,000 as minister orders inquiry into student loans fiasco
  11. Once Again, AIG Bonuses Cause a Clash
  12. Report: Stimulus adds jobs in Minnesota
  13. Retail Sales in the U.S. Decrease Less Than Forecast
  14. Russia's industrial output down 16.5% in Jan.-Sept. - minister
  15. Steven Pearlstein: Don't Reinflate the Old Bubbles
  16. Vauxhall workers agree two-year pay freeze to save jobs

Wednesday - October 14, 2009:

  1. Fewer Venture Capital Donors
  2. Home rescue plan delaying, not solving crisis
  3. Strike fears as BA 'plans to axe ANOTHER 1,300 jobs'

Tuesday - October 13, 2009:

  1. The G-7 Abandons The Dollar
  2. Dollar Reaches Breaking Point as Banks Shift Reserves
  3. Your dollars are just monopoly money
  4. '£1 a mile toll' to drive in London- Boris Johnson plans new levy on top of C-charge on busiest roads
  5. Bank of America Scrambles to Provide Mortgage Relief Before Deadline
  6. China Nurtures Futures Markets in Bid to Sway Commodity Prices
  7. Foreclosures Grow in Housing Market's Top Tiers
  8. Iceland Shrinks 8% as Prices Increase 11% in Deepest Recession
  9. Interest rate to 'stay below 2 per cent until 2014'
  10. On page 10 of the G-20 communique IMF told to report back on global tax
  11. Union fury as Royal Mail bosses pocket £10m bonus bonanza... for implementing cost cutting measures

Monday - October 12, 2009:

  1. Russian President Economy Sank More Than Forecast
  2. Steep Losses Pose Crisis for Pensions
  3. Unemployment among 16 to 24 age group heads above one million barrier

Sunday - October 11, 2009:

  1. 2012 forecast Food riots, ghost malls, mob rule, terror
  2. Eating the seed wheat
  3. Job competition toughest since recession began
  4. New billion-dollar hole in California's budget

Saturday - October 10, 2009:

  1. Bernanke sees tighter policies as economy heals
  2. Lunch debts piling up for school districts
  3. Ofgem calls for £200bn investment to meet UK energy targets
  4. Rep. Barney Frank warns credit card firms
  5. Russian finance minister denies talks on non-dollar oil payments
  6. Schools facing mounting student lunch debt
  7. Stormy skies ahead for Delta?
  8. Senate Democrats reach deal on extending benefits

Friday - October 9, 2009:

  1. DANIEL JOHNSON: Hands off our pensions! Why politicians of both parties are breaking a sacred contract with citizens
  2. Dell to close US plant, lay off 905
  3. Economic balance shifting to India, China
  4. Final estimate for U.S. budget deficit: $1.4 trillion
  5. Glimmer of Hope as September Retail Sales Rise
  6. Has Toyota lost its way?
  7. Interest rates held at historic 0.5% low as Bank rejects call to pump more cash into economy
  8. Kremlin aide sees value in possible non-dollar oil payments
  9. Mortgage rates fall as interest rate stays at 0.5%
  10. Senate Democrats have deal on jobless aid
  11. HMO stocks sink after report boosts reform bill
  12. Wells Fargo raises credit card rates
  13. Words can shatter markets

Thursday - October 8, 2009:

  1. Aer Lingus to axe jobs and make pay cuts in downturn
  2. Central bankers deny plot to overthrow the dollar
  3. Fed's Hoenig too soon to pull support as U.S. recovers
  4. Gold spike gives consumers pause, not fever
  5. Nations Cast Plan for Expanded IMF
  6. Sugar the new oil as prices soar
  7. Vital info on government waste

Wednesday - October 7, 2009:

  1. British Airways cuts 1,700 Heathrow jobs
  2. Gold prices at record amid reports of dollar's demise Business
  3. Millions of public sector workers face pay freeze under Tories' £7billion cost-cutting drive
  4. Russia in 'secret' international talks to ditch dollar - paper
  5. SAUDI ARABIA: Saudis deny they want to abandon the dollar
  6. Oil states say no talks on replacing dollar
  7. Russia's foreign trade down 45% to $277 bln in January-August
  8. Pay Czar Targets Salary Cuts
  9. Russia's largest carmaker needs over $2 billion - paper
  10. The demise of the dollar

Tuesday - October 6, 2009:

  1. Banks TARP Bailout Government Watchdog Reports Treasury and Federal Reserve Lied
  2. US economic power 'is declining'
  3. Demand soaring for heating bill help
  4. Milk farmers vent fury at militant demo in Brussels
  5. IMF policies deepened financial crisis, says CEPR
  6. Jobless Benefits Extension Hits Snag In Senate
  7. Public sector pay freeze plans unveiled
  8. Recession fallout America is on sale
  9. Roubini Says Stocks Have Risen ‘Too Soon, Too Fast’
  10. Waves of new fund cuts imperil US nursing homes
  11. World Bank could 'run out of money' within 12 months

Monday - October 5, 2009:

  1. Administration eyes ways to help laid-off workers
  2. Greenspan sees 10 percent unemployment
  3. Treasury plan to force banks to lend in poorer communities

Sunday - October 4, 2009:

  1. U.S. Job Losses May Be Even Larger, Model Breaks Down
  2. 'Abusive Swaps’ Would Be Banned Under Frank’s Derivatives Plan
  3. Geithner: world not ready for end of stimulus
  4. House support for Fed audit passes 300
  5. Report: States using stimulus to replace, not boost school aid
  6. Russia could borrow up to $4 bln from World Bank in 2010
  7. Russia to go ahead with privatization in 2010 — deputy PM
  8. Why should I spread the wealth?

Saturday - October 3, 2009:

  1. Are banks starving the recovery
  2. Consumer bankruptcies hit 1 million for year- Market Dispatches
  3. Despite recovery, employers aren’t hiring
  4. Homeless student numbers soar in Florida
  5. Factory orders fall unexpectedly in August
  6. U.S. jobless rate hits 26-year high of 9_8 percent

Friday - October 2, 2009:

  1. World Bank President Says Financial Crisis is Shifting Balance of Power
  2. Budget deal reached after 2-hour state shutdown
  3. Cabinet authorizes lateral budget cut (Israel)
  4. Forbes 400 Poor, poor billionaires
  5. GM to close Saturn after Penske ends bid
  6. Inflation Who wins, who loses and how to cope
  7. Jobless claims rise; Americans' spending jumps
  8. Jobless total continues to rise in the Eurozone
  9. LA Times, Washington Post breaking up news service
  10. Lawmakers jack up spending
  11. Ministers irate over budget cuts (Israel)
  12. PM, Barak meet over budget crisis (Israel)
  13. Russia's Reserve Fund down 3.7% to $76.4 bln in September
  14. Manufacturing Drops in September, Pending Home Sales Rise
  15. U.S. Consumer Spending Jumps by the Most Since 2001
  16. Ukraine's Naftogaz defaults on $500 mln Eurobonds
  17. Up next The illusion of prosperity

Thursday - October 1, 2009:

  1. Bankers bow to pressure on bonuses
  2. Foreclosure Rate Rises 17 Percent
  3. Gazprom to increase borrowings 240% to $10.2 bln in 2009
  4. IMF backing for Bank could signal more quantitative easing
  5. Retirement? Good luck with that
  6. Russia's GDP to reach pre-crisis levels in Q3 2012
  7. VEB could buy shares in ailing Russian car giant AvtoVAZ

Archives --

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