Ecomomic Crisis
Daily News and Updates


  1. Meet the Obama link to Wall Street terror

Monday - October 31, 2011:

  1. 100 leading economists tell George Osborne we must turn to Plan B
  2. Panasonic to post $3.9 billion net loss in FY 2011-12

Sunday - October 30, 2011:

  1. China and EU begin negotiations, to outline world's economic future
  2. EU Agreement Yields Temporary Confidence Boost; Problems Remain
  3. Europe banking giants reveal recapitalization costs
  4. National debt nears size of U.S. economy
  5. Portugal, Spain urge G20 members to help ease crisis
  6. China and Russia helping eurozone to boost own power in IMF
  7. UK: House prices fall by 2.6%

Saturday - October 29, 2011:

  1. Desperate Euro chiefs look East to fund huge bailout gamble
  2. Sarkozy: EU should welcome Chinese bail-out money
  3. Fat cat bosses have awarded themselves massive 49 per cent pay hike
  4. Furious Greeks lampoon German 'overlords' as Nazis with picture of Merkel dressed as an SS guard

Friday - October 28, 2011:

  1. EU reaches deal, hoping for Chinese investments
  2. EU summit deal on eurozone debt crisis: Britain may become '2nd-tier European state'
  3. Eurozone buys time with debt deal, but could squander it by fumbling on the complex details
  4. Euro deal leaves much to do on rescue fund, Greek debt
  5. Germany makes Greece pay with sovereignty for new bail-out
  6. Greece to get 100B euros in more rescue loans
  7. EU bank buffer agreement to cost €106bn
  8. Gold Prices Pop as Europe Settles Debt Plan
  9. Brown to seek sweeping Calif. pension rollbacks
  10. Gov. calls for pay freeze for Wis. workers
  11. 3,000 jobs at risk as Britain's biggest nightclub chain sinks under weight of debts
  12. Nintendo to post its first ever annual net loss
  13. Sharp cuts outlook as TV sales slide
  14. Wall Street soars 3 percent as Europe deal cheered

Thursday - October 27, 2011:

  1. China shows interest in sponsoring EU bail-outs
  2. Merkel wants 'permanent' supervision of Greece, warns of war
  3. Euro zone summit stalls on banks
  4. Ford profit down; lackluster outlook disappoints

Wednesday - October 26, 2011:

  1. Vatican Calls for New World Economic Order
  2. Vatican joins calls for crackdown on financial markets
  3. Fears of European recession increase
  4. Euro bailout wrangles spook markets as fears of slump intensify
  5. Exclusive: IMF considering participation in EU bailout fund
  6. Talks aim to rescue Italy reforms ahead of EU summit
  7. Republicans ask Obama to lead on China currency
  8. Amazon's profits fall sharply in third quarter
  9. Consumer confidence tumbles, home prices stagnate
  10. AU Optronics Q3 loss widens, cuts capex further
  11. Broadcom sees revenue decline, stock falls
  12. Panasonic to make smaller LCD panels as TV sales lag report

Tuesday - October 25, 2011:

  1. Moody's changes Russian banking system outlook to 'negative'
  2. U.S. rating likely to be downgraded again: Merrill
  3. EU leaders eye IMF for extra cash
  4. Economic woes take toll on U.S. police departments
  5. More states limiting Medicaid hospital stays
  6. UK: University applications fall by 10% as huge jump in fees puts off potential students

Monday - October 24, 2011:

  1. EU summits expected Wednesday and Thursday
  2. Euro leaders edge closer to deal
  3. Sarkozy yields on ECB crisis role, pressure on Italy
  4. Spain, Italy under pressure as EU frames deal on bank capital
  5. EU treaty change should be limited, says parliament president
  6. Panasonic to slash domestic chip output Nikkei

Sunday - October 23, 2011:

  1. Banks under pressure in Europe crisis, pushed to raise capital, take Greek losses
  2. Official: EU banks have to raise $140 billion
  3. Euro countries call for 50% write-down on Greek debt
  4. Eurozone debt crisis: Five days to save world economy from catastrophe
  5. Spain, Italy under pressure as EU frames deal on bank capital
  6. (California) State warns 26,000 prison workers of layoffs

Saturday - October 22, 2011:

  1. EU to hold second summit next week
  2. Greece may need 60 percent bond writedown; EU at odds
  3. Greek unions plan further strikes against new austerity law, after 48-hour shutdown
  4. New credit crunch fear as lending squeeze tightens on small business
  5. Pondering further easing, Fed weighs best approach
  6. Car Company Gets U.S. Loan, Builds Cars In Finland
  7. News International to cut up to 200 staff at The Times and The Sunday Times

Friday - October 21, 2011:

  1. Euro falls on doubts about plans for single currency area
  2. European banks may only get 80bn euro in recapitalisation
  3. Franco-German split over bailout fund threatens crisis plan
  4. Protesters vow to cripple Greece, strike
  5. Some 200 anarchists attack police in Athens
  6. Man killed in Greek austerity protests
  7. Pennsylvania governor signs Harrisburg takeover bill
  8. Thousands dying because they can't afford heating bills
  9. British families now spend HALF their monthly income on rent

Thursday - October 20, 2011:

  1. EU trade official warns against failure at weekend summit
  2. Geithner: Plan for Europe is last chance to avoid global catastrophe
  3. France and Germany ready to agree €2tn euro rescue fund
  4. Moody's downgrades Spain two notches, outlook negative

Wednesday - October 19, 2011:

  1. China's economic growth slows to 9_1% in third quarter
  2. French credit review threatens euro zone rescues
  3. Moody's warns France on possible negative outlook
  4. 'Solving eurozone crisis is a long way off'

Tuesday - October 18, 2011:

  1. US to Play 'Very Major Role' In Helping Europe: Geithner
  2. Banks under pressure, Berlin dampens summit hopes
  3. Belarus needs to reform economy to get IMF bailout - IMF
  4. Philips to cut 4,500 jobs

Monday - October 17, 2011:

  1. G20 tells euro zone to fix debt crisis within weeks
  2. China’s small and medium enterprises struggling
  3. Cars torched and banks attacked in Rome
  4. Wall Street Protests Span Four Continents, Arrests Climb
  5. 'Occupy' movement mushrooms in Canada

Sunday - October 16, 2011:

  1. G20 summit expected to back IMF plan for bigger bailout fund
  2. G20 tells euro zone to fix debt crisis in eight days
  3. U.S. budget gap widens, tops $1 trillion for third year
  4. Wall Street protests go global; riots in Rome

Saturday - October 15, 2011:

  1. IMF lowers growth forecast for Asia
  2. ECB’s Stark says euro zone states need joint budget office
  3. Rest of world reluctant to boost support to eurozone in fight against debt crisis
  4. U.S. rejects plan to strengthen IMF in euro zone crisis
  5. China growth hit by EU, US slump
  6. Rating cut puts Spain back on crisis radar
  7. Fitch may downgrade BofA, Morgan Stanley, Goldman
  8. G20 meets amid debt, currency concerns
  9. Greek government vows to pass cuts in fight for existence

Friday - October 14, 2011:

  1. CHINA: Beijing buys into “its” banks to prop them up
  2. China trade surplus shrinks as global woes deepen
  3. SINGAPORE: City-state’s economy stalls, growth near zero
  4. Acropolis closed, transport halted as Greek strikes spread
  5. Analysis: Return of the pink slip Risk of layoffs rising

Thursday - October 13, 2011:

  1. Prominent Europeans call for greater political unity
  2. In Europe, economic meltdown tears at unity
  3. Enhanced powers for bailout fund to be approved later this month – Merkel
  4. £200bn black hole puts more pensions at risk as deficit grows by £80bn in just FOUR weeks
  5. Irish government considering €1bn welfare cuts
  6. Slovak government collapses over euro-bailout fund
  7. UK unemployment total hits highest in 17 years
  8. Families are facing the biggest fall in income since 1970s
  9. Aquino authorizes additional government spending to stimulate economy
  10. Philippines' Aquino unveils $1.6b stimulus package
  11. Senate passes bill to sanction China over currency
  12. Senate votes down Obama's $447 billion jobs package
  13. Why the euro bailout is the biggest Ponzi scheme in history

Wednesday - October 12, 2011:

  1. Moody’s, instability and the world’s single currency
  2. Beijing intervenes to help stabilise banks
  3. EU summit delayed as France, Germany tussle
  4. Insight New bankruptcy ripples may emerge
  5. Moody's may downgrade Russian bank ratings
  6. Slovakia blocks euro rescue fund
  7. 400,000 children will fall into relative poverty by 2015, warns IFS
  8. California revenues down by $705 million
  9. Sony sees murky holiday sales outlook
  10. Wall St jobs, bonus outlook dims for 2011

Tuesday - October 11, 2011:

  1. China Stocks Drop to Lowest Level in 2 Years as Developers Fall
  2. Special report: China's debt pileup raises risk of hard landing
  3. Merkel and Sarkozy meet to plan £172bn bail-out of Europe's ailing banking system
  4. G20 summit to focus on euro zone debt crisis EU
  5. Unison ballots 1 million public sector workers on strike action
  6. IMF Advisor: Could See Eurozone 'Meltdown' in 2 Or 3 Weeks
  7. Greece activates rescue fund to save Proton Bank
  8. Greece ends talks with Troika over EU bailout tranche
  9. Russia may purchase Spanish debt - Kremlin aide
  10. Dexia gets new bailout with €4bn Belgian deal
  11. Recession Officially Over, U.S. Incomes Kept Falling
  12. Supermarket price war heats up

Monday - October 10, 2011:

  1. Berlin, Paris vow new crisis plan as global pressure builds
  2. Euro crisis spreads and puts the world economy at risk
  3. Dexia bailout set as wider bank rescue mulled
  4. Europe eyes buoying banks to weather debt storm
  5. Third round of quantitative easing possible, says MPC member
  6. 777 school workers laid off in New York

Sunday - October 9, 2011:

  1. Confidence in UK banking system rocked
  2. Italy and Spain credit ratings are cut amid fresh Eurozone debt fears
  3. Sarkozy, IMF chief meet on debt crisis

Saturday - October 8, 2011:

  1. £75billion round of money printing is right weapon to shore up our economy, says Osborne
  2. Britain in grip of worst ever financial crisis, Bank of England governor fears
  3. Fitch cuts Italy and Spain ratings
  4. China currency bill passes US Senate test
  5. Job gains ease recession fears but still weak

Friday - October 7, 2011:

  1. As Bank chief warns of worst-ever crisis, he pumps £75bn into economy
  2. EU calls for global tax, Canada says can block it
  3. ECB offers new loans to banks in 'worst crisis since WWI'
  4. Merkel willing to recapitalise banks
  5. EU to link regional funds to strict deficit rules
  6. Europe’s Central Banks Take Different Tacks on Economy
  7. Italian Debt Downgrade and Dexia Bank Bailout Highlight Crisis
  8. Gov. Walker defends large cut to Medicaid
  9. Obama cautious on currency bill
  10. Senate moves toward final vote on China currency
  11. Obama vows to force votes on key parts of jobs plan
  12. Wall Street protest grows as unions swell ranks

Thursday - October 6, 2011:

  1. 'Silent majority' backs economic government of Europe
  2. U.S. continues push for global development funding
  3. Italian rating hit by Moody’s downgrade
  4. FTSE bounces back as European leaders consider support plan for region's ailing banks
  5. Nationwide strike shuts down Greek public sector
  6. New double-dip fear
  7. UK economic growth cut to 0.1% for April to June
  8. Services data stir euro recession worry
  9. Few more days of market decline to trigger margin calls-banker

Wednesday - October 5, 2011:

  1. Bernanke says economic recovery close to faltering
  2. U.S. close to faltering, Fed ready to act Bernanke
  3. ASIA: Shares lose, as Dexia shows signs it might become Europe’s Lehman Brothers
  4. Greek crisis close to claiming first victim in EU banking sector
  5. US Senate backs debate on currency law amid yuan row
  6. China warns of trade war if U.S. bill passes
  7. CHINA: Economists warn that without reforms China will fail
  8. CHINA: Global crisis sinking small- and medium-sized business
  9. EU preparing bank rescues amid Greece doubts
  10. FTSE slumps below 5000 as fears of Greek debt default grow
  11. Treasury bond scheme will lend the billions the banks are holding back
  12. Russian stocks tumble amid external negatives
  13. Factory orders send mixed signals on outlook

Tuesday - October 4, 2011:

  1. ASIA: Hong Kong stock exchange dive to minus 5 drags Asia downwards
  2. B of A shares dive amid website woes
  3. Bank of England to inject an extra £50bn to prop up economy
  4. UK’s Osborne says solution to Europe’s debt crisis and action on Greece is urgently needed
  5. Belarus seeks $400 mln from Iran, $7 bln from IMF
  6. Ruble and stocks continue free-fall
  7. Greece completes talks with lenders on next bailout tranche
  8. Greek 'haircut' under review, no new euro zone aid until November
  9. Slovakia demands Greek default plan
  10. Investors worry about American Airlines' future
  11. It started with 12 students in Wall Street... now demonstrations spread across America
  12. Activists throughout Canada set to show solidarity with Wall Street protesters
  13. Tesco feels economic squeeze worst UK sales result for 20 years

Monday - October 3, 2011:

  1. Greece to miss deficit target imposed by lenders
  2. Demand for food handouts rises by 20% as 'ordinary' people and families fall into poverty
  3. Doubts grow, but not Britain’s economy, amid coalition government’s tough austerity drive
  4. Denmark levies world's first fat tax
  5. State Dept. reeling from budget cuts

Sunday - October 2, 2011:

  1. FTSE has worst quarter since dotcom crash
  2. U.S. economic recovery tied to European debt crisis
  3. Analysis: Corn export dominance to bend, not break

Saturday - October 1, 2011:

  1. Berlin bailout fails to ease euro fears as Greek default seems unavoidable
  2. Wall Street ends worst quarter since 2008 meltdown
  3. World stocks post worst quarter in 3 years
  4. 23 million out of work in EU
  5. Russian stocks close in red on Friday on global uncertainties
  6. JPMorgan, BofA sued over mortgage debt losses
  7. Bank of America to charge debit card use fee

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