Ecomomic Crisis
Daily News and Updates

Sunday - October 31, 2010:

  1. The Fed's clear goal: Inflation
  2. Amid mortgage mess, owners blindsided

Saturday - October 30, 2010:

  1. A risky step with America's financial crisis
  2. Biggest-ever tax hikes just ahead?
  3. Consumer sentiment dips to lowest since November
  4. U.S. on track for fiscal train wreck
  5. The great forest sell-off
  6. As Osborne's cuts bite, boardroom pay soars 55%
  7. Slump fears as mortgage lending falls to 8-month low of just £112m

Friday - October 29, 2010:

  1. Fed asks about more easing in regular survey
  2. Foreclosure activity up across most US metro areas
  3. Jobless claims fall to three-month low
  4. More than £2,000 wiped off the average value of a house... but prices 'must fall 20% to be affordable'
  5. NYC Property Taxes Increasing Again; Governor Paterson Approved
  6. Tuition at public colleges rose 7.9% this fall to avg. $7,605

Thursday - October 28, 2010:

  1. Fed looks set for new round of monetary easing Reuters
  2. Gold mania is here, but there's no gold bubble (yet)
  3. Sam’s Exchange: The Great Gold Crash
  4. 'Tax Everything' tax would bring in $4.4 trillion
  5. EU makes a fresh grab for control of our budgets
  6. Tolls Across NYC Bridges, Tunnels To Drastically Increase
  7. U.S. companies hoarding almost $1 trillion cash Moody's

Wednesday - October 27, 2010:

  1. Fresh concerns over house prices as mortgage lending plunges to its lowest level in TEN years
  2. U.S. consumers’ confidence rises in October

Tuesday - October 26, 2010:

  1. EU concedes IMF seats in 'historic' shake-up
  2. Existing home sales rise, supply edges down
  3. France: Strikes costing up to $557 million per day
  4. Treasurys give up gains ahead of note auctions Bond Report
  5. Welfare payments cuts 'will force 200,000 benefits claimants out of London and into the suburbs'

Monday - October 25, 2010:

  1. Councils plan for exodus of poor families from London
  2. Protests against austerity measures sweep across Britain
  3. Regulators Shut Down 7 Banks

Sunday - October 24, 2010:

  1. G20 finance ministers increase developing countries share in IMF capital
  2. G20 inks pact to avert trade war

Saturday - October 23, 2010:

  1. China says global recovery shaky, to spur yuan use
  2. Fed aide: U.S. monetary easing may start at $500 billion
  3. The G20 seek a compromise on the war of currencies
  4. Timothy Geithner calls on G20 nations to move to avert global currency war
  5. Clouds over the housing market create a perfect storm for first-time buyers
  6. French Senate approves controversial retirement reform
  7. Pound slumps to six month low against euro amid claims of new money printing round

Friday - October 22, 2010:

  1. Fannie Mae, Freddie Mac bailouts could hit $363 billion, report says
  2. G20 finance chiefs face tough task on currencies
  3. Bank levy to raise £2.5bn a year revealed - but biggest firms could be better off
  4. Chinese growth slows down, inflation accelerates
  5. Brussels keen to make banks pay for bail-outs
  6. Retail sales fall unexpectedly in September

Thursday - October 21, 2010:

  1. Asian markets fall on China interest rate hike
  2. Investors, White House press banks over mortgages
  3. Mortgage applications slump as rates rise from lows
  4. Major budget cuts announced in the UK by the government
  5. Defence Cuts: We're reduced to weapons of mass hilarity
  6. Queen cancels staff Christmas party amid budget cuts
  7. Scholars Return to ‘Culture of Poverty’ Ideas

Wednesday - October 20, 2010:

  1. China's interest rate rise sends global markets into turmoil
  2. Task force probing whether banks broke federal laws during home seizures
  3. 500,000 public sector jobs to go: Danny Alexander lets the cat out of the bag on spending cuts
  4. Bank of America Mortgages: NY Fed, 8 Firms Threaten BofA Over Mortgage Securities
  5. Britain announces major military cutbacks
  6. Gallery: French retirement protests take violent turn
  7. Income plummets for part-time workers in Washington area
  8. Spending cuts will force 'swaths of universities' to close
  9. UK manufacturing recovery falters

Tuesday - October 19, 2010:

  1. Bank of America to resume foreclosures
  2. Banks Face Mortgage Scrutiny as $49 Billion in Value Vanishes
  3. Fast yuan rise will be short-lived report
  4. France Asks Airlines to Cut Flights Ahead of Strikes
  5. French protests intensify, government stands firm
  6. House prices face a 'double dip with no recovery for five years' as banks turn away first-time buyers
  7. Russia's NCSP says cargo turnover down 3.9 pct to 62.67 mln T
  8. Tens of thousands rally against Italian government

Monday - October 18, 2010:

  1. US budget deficit falls to $1.3tr
  2. U.S. Trying to Assess Foreclosure Crisis Scope - FDIC
  3. French Fos-Lavera strike blocks 61 ships

Sunday - October 17, 2010:

  1. Rail fares 'could leap by 40 per cent' over next four years (UK)

Saturday - October 16, 2010:

  1. Government to report on $1 trillion-plus deficit
  2. Protectionism a rising global threat U.S. official
  3. Sterling hits new high against struggling U.S. dollar as experts warn of global currency war
  4. U.S. inflation slows, keeping pressure on Fed
  5. Bernanke sees case for more Federal Reserve easing
  6. U.S. is currency war's tomb maker China economist
  7. U.S. backs off in currency dispute with China
  8. Washington still splurging
  9. France paralyzed by pension protests
  10. Panic-buying, airport fears grow as French refineries shut
  11. Hillary Clinton launches attack on Cameron's defence cuts as PM meets U.S. General Petraeus

Friday - October 15, 2010:

  1. Banks seize 288K homes in Q3, but challenges await
  2. Foreclosures Hit Record In September, More Than 100K Homes Seized
  3. Germany Warns of Trade War Over Yuan
  4. Gold Settles at Record High Above $1,370
  5. International financial crisis turned into sovereign debt crisis: Russian finance minister
  6. U.S. weekly jobless claims rise 13,000 to 462,000
  7. Jobless claims point to further Fed easing
  8. World in grave danger of financial collapse, says Ken Clarke
  9. 50,000 stay-at-home mothers are forced back to work in the past 12 months
  10. A £4bn raid on the gold-plated pension schemes of the wealthy
  11. Britain to scrap 192 state bodies to cut costs

Thursday - October 14, 2010:

  1. Cuomo Jumps On The Foreclosure Freeze Bandwagon
  2. Jobless benefit claimants rise again
  3. Government unveils plans to privatise Royal Mail... and confirms that foreign firms WILL be allowed to bid

Wednesday - October 13, 2010:

  1. Dollar drops to 15 year low against yen
  2. Could mortgage rates drop all the way to zero?
  3. Dogfight over EU budget could end in crisis, says MEP
  4. French strikes disrupt life, shut Eiffel Tower
  5. Inflation stuck at 3_1% as furniture and food prices stay high
  6. US bankers set for record pay and bonuses for second year

Tuesday - October 12, 2010:

  1. Banks Voice Resistance as Regulators Say Basel Is Just a Start
  2. Chinese foreign-exchange reserves hit record US$ 2.5 trillion
  3. George Soros warns China of global 'currency war'
  4. I won't water down cuts: Chancellor George Osborne to drive through major savings in days
  5. South Korea's Lee warns of big trouble if FX accord fails
  6. Tight budgets lead to more civilians used for policing

Monday - October 11, 2010:

  1. There's a word for this economy, and it ain't pretty
  2. Finance Leaders Call for IMF Role in Averting Protectionist `Currency War'
  3. IMF told to toughen scrutiny of rich powers
  4. World job crisis is a threat to democracy, says IMF head
  5. Industrialized nations pursue currency compromise
  6. S&P: 60% of countries will be bankrupt within 50 years
  7. Banks' proposal for small business fund comes under attack
  8. Gov. cuts nearly $1 billion from state budget
  9. Up to 40 states plan inquiry into foreclosure data

Sunday - October 10, 2010:

  1. China's Zhou Warns Mounting Deficits Pose Risk of Sovereign Debt Default
  2. World economies vow to act to bolster IMF's role
  3. Corn at two-year high after crop forecast cut
  4. Momentum builds for nationwide freeze on foreclosures
  5. Most investors don't own enough gold to worry
  6. Osborne to spread cuts over four years because of fears they could jeopardise economy
  7. Social Security Officials Tell Hill: No Cost-Of-Living Raise This Year For Seniors

Saturday - October 9, 2010:

  1. IMF plans initiative to avert currency war
  2. BofA Halts All Foreclosure Sales
  3. Foreclusure problems plague housing market
  4. Foreclosure flaw to the rescue
  5. US job figures worse than expected
  6. Job Losses Rise as Private Hiring Slows and Public Payroll Shrinks
  7. U.S. payrolls fall and investors bet on Fed move soon
  8. U.S. companies buy back stock in droves as they hold record levels of cash
  9. Britain's retirement 'unsustainable'
  10. European bonus rules 'will prompt exodus of banks'
  11. JAPAN launches 44 billion euro stimulus package for domestic economy
  12. London Tube to axe up to 800 jobs

Friday - October 8, 2010:

  1. Banks' $4 trillion debts are 'Achilles' heel of the economic recovery', warns IMF
  2. GDP growth in 2011 to be slower than thought, says IMF
  3. Mortgage rates drop to lowest on record
  4. Why the foreclosure mess could last for years
  5. Collapsed IIB bank's debts estimated at 80 bln rbls
  6. Fitch Downgrades Ireland's Rating on Cost of Banking Bailout
  7. House prices falling by £200 every day: Economists warn the property market is 'in reverse'
  8. Housing market crash feared after average house prices take record plunge
  9. Union anger at 'pay more, retire later' pensions plan for public workers
  10. World Bank and IMF at odds over hot money flows

Thursday - October 7, 2010:

  1. Central Banks Open Spigot
  2. Global policymakers clash on currency policies
  3. Private sector sheds 39,000 jobs in September
  4. Justice to look into foreclosure practices after call by Pelosi, other House Dems
  5. UK housing market set for a fall, IMF warns
  6. Amid backlash and budget deficits, government workers' pensions are targets
  7. China Tells EU to Back Off After Push for Rapid Yuan Gain

Wednesday - October 6, 2010:

  1. Fed, ECB throwing world into chaos Stiglitz
  2. IMF admits that the West is stuck in near depression
  3. Financial stability set back by debt woes IMF
  4. Wall Street Sees World Economy Decoupling From U.S.
  5. Japan's central bank cuts key rate to around zero
  6. Super-rich investors buy gold by ton
  7. Obama says fiscal situation untenable
  8. Banks May Dole Out Bonuses Early
  9. California Supreme Court upholds furlough order for state workers
  10. Ford Says It Will Cull Lincoln Dealers
  11. Outlook poor for long-term unemployed
  12. Tension grows as G7 ministers set to meet over 'international currency war'

Tuesday - October 5, 2010:

  1. Obama says fiscal situation untenable
  2. Thousands line up at L.A. Convention Center for chance to avoid foreclosure
  3. An ugly autumn
  4. Housing shows stability, factory orders fall
  5. London Tube strike causes chaos

Monday - October 4, 2010:

  1. America on the brink of a Second Revolution
  2. Many of the new poor not getting welfare
  3. Nevada economy in bad shape
  4. Rand Paul: Debt undermining U.S. economy
  5. New Yorkers Hit With Nearly 5 Percent State Clothes Tax
  6. David Cameron claims welfare reform will save in the long run

Sunday - October 3, 2010:

  1. Global economy: Is a currency war ahead
  2. Bank of America delays foreclosures in 23 states
  3. China's Wen offers to buy Greek debt
  4. Pact Ends California Budget Impasse

Saturday - October 2, 2010:

  1. 1,200 NASA workers to be laid off
  2. 25 Russians accused of stealing $3 mln from U.S. bank accounts
  3. European oil companies pledge to end oil investment in Iran over nukes program
  4. Postal Service anticipates $6 billion year-end loss
  5. Global unemployment to trigger further social unrest, UN agency forecasts
  6. Inland waterways under threat from spending cuts
  7. Ireland to bail out 3 banks, costing billions and renewing fears over deficit
  8. The prospects for a shiny new quarter

Friday - October 1, 2010:

  1. Ireland nationalises second-biggest bank Allied Irish
  2. Will Irish economic meltdown hit UK's fragile recovery? Country faces 34bn euro bill for bank bail-out
  3. Russian unemployment set to grow
  4. China and US in currency war
  5. House Votes for Greater Tariff Powers
  6. China: US bill on yuan would violate WTO rules
  7. Chase freezes 56K foreclosures
  8. Everything Everywhere mobile phone group to cut 1,200 jobs
  9. Home loans may get even scarcer says bank boss as funds dry up
  10. Nearly one in four second-quarter home sales a foreclosure

Archives --

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  • April 2010
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