Ecomomic Crisis
Daily News and Updates

Wednesday - September 30, 2009:

  1. Consumer confidence dips in September
  2. Fed pursues tough new U.S. credit card rules
  3. JAPAN: Prices and employment plunge as fear of deflation grows
  4. Ministers, groups oppose NIS 2 b. in cuts
  5. Ministers prepare to battle budget cuts
  6. Russia's top bank cuts key rate to 10%, policy to continue
  7. US income gap widens as poor take hit in recession
  8. Russia could sell stakes in state companies next year - Kudrin
  9. U.S. consumer woes overshadow housing cheer

Tuesday - September 29, 2009:

  1. Aston Martin in peril as owner Investment Dar runs out of cash
  2. Feds may bail out another 'broken business model'
  3. States counting on cheap credit to avoid spending cuts
  4. The case for inflation -- and gold
  5. US dollar set to be eclipsed, World Bank president predicts
  6. World Bank says don't take dollar's place for granted

Monday - September 28, 2009:

  1. 40,000 teaching assistants 'should be axed to save money', says leaked Government report
  2. Cash-strapped Britons are selling kidneys to pay mortgages and clear debts
  3. Fed didn’t bark at subprime loan abuses
  4. Homeowners on the Continent and holidaymakers worst hit as falling pound sparks euro panic buying
  5. In Britain, Tough Times Spawn Alternative Currencies
  6. U.S. Job Seekers Exceed Openings by Record Ratio

Sunday - September 27, 2009:

  1. G20 leaders map out new economic order at Pittsburgh summit

Saturday - September 26, 2009:

  1. Banker pay curbs, clawbacks sought at G20 summit
  2. Calif. to put state buildings up for sale
  3. House passes bill to prevent government shutdown
  4. U.S. Economy: Durable Goods Orders Unexpectedly Drop

Friday - September 25, 2009:

  1. Banker pay curbs, clawbacks sought at G20 summit
  2. Jaguar Land Rover to close factory
  3. Russia's AvtoVAZ to cut 27,600 employees

Thursday - September 24, 2009:

  1. Ban: 'People on the edge' can't wait
  2. Card Defaults Surge in August to 11.49%, Moody’s Says
  3. CHINA: Everyone says China’s economy is recovering but facts tell a different story
  4. Connecticut AG asks AT&T to abandon new layoffs
  5. Did the Fed just kill the bull market?
  6. Fed Economic activity has 'picked up' - Sep. 23, 2009
  7. Gordon Brown calls on banks to refund 'billions' in overdraft charges
  8. Recession increasing gaps between rich and poor
  9. Recession pulls U.S. senior citizens back to work: survey
  10. Russia approves 2010 draft budget with deficit of 6.8% of GDP
  11. 'Safe' bonds may be hiding risk
  12. Oil tumbles below $69 per barrel; supplies jump

Wednesday - September 23, 2009:

  1. Banks refusing to lower cost of mortgages despite inter-bank rate falling to record low
  2. Brussels to propose new powers for financial supervisors
  3. First-time buyers foiled as mortgages disappear
  4. Euro hits 1-yr high as mkt resumes dollar selling
  5. G20 support builds for rebalancing world economy
  6. HSBC staff carrying personal alarms in case credit crunch customers get angry
  7. Israel’s New War: Bank of Israel vs. Speculators
  8. Obama open to newspaper bailout bill
  9. U.S. to push for new economic world order at G20
  10. Will US repeat mistakes of 1937?

Tuesday - September 22, 2009:

  1. Banks' Overdraft Fees Under Fire in Congress
  2. EU urges world leaders to keep cash flowing for now
  3. House moves to extend unemployment benefits
  4. Middle class students to be hit with higher fees, fewer grants and bigger loan repayments
  5. Misery for holidaymakers as pound falls to five-month low against euro
  6. Nations Ready Big Changes to Global Economic Policy
  7. Russia's legendary Kalashnikov producer faces bankruptcy
  8. U.S. mortgage delinquencies set record
  9. Vince the mansion raider: Mr Cable threatens tax on homes over £1m... but could it possibly work?

Monday - September 21, 2009:

  1. Number of failed US banks hits 94
  2. Doomsday- 30 per cent planned public spending cuts are biggest in history
  3. Homeowners who 'strategically default' on loans a growing problem
  4. FDIC chief considers tapping Treasury for funds
  5. Obama cites economic growth, but not enough new jobs
  6. Senator Dodd favors bank super-cop idea aide
  7. Thousands of teachers face the axe as schools budget to be cut by a staggering £2bn
  8. Today programme’s jobless bank worker ‘ineligible for help’ because he lives in a nice middle-class house
  9. Dollar Falls to One-Year Low as Economy Spurs High-Yield Demand

Sunday - September 20, 2009:

  1. Britain sets public debt record
  2. Cost-cutting to free 1,000 Ill. inmates
  3. Crisis-hit families get record £170m in loans from Government
  4. Halifax slashes overdraft fee to £5, with rival banks set to follow suit
  5. NHS faces £20billion cuts as Britain borrows £6,000 a second to fund public services
  6. Obama seeks consumer financial watchdog
  7. 'Tide' of small investors fed up with low interest rates makes stock market soar
  8. U.N. head urges G20 to aid poor
  9. U.N.: Poor not feeling recovery

Saturday - September 19, 2009:

  1. 5 reasons the market could crash in October
  2. Christie questions N.J. financial future
  3. EU to present bonus givebacks to G20
  4. Fed Considers Bank Pay Limits
  5. Get ready to party like it's 1991
  6. House to vote on extending unemployment benefits
  7. Housing Agency's Cash Reserves Will Drop Below Requirement
  8. Incomes of young in 8-year nose dive
  9. JAPAN The new government in Tokyo cuts trillions in business loans
  10. Joblessness Spikes to 11.1 Percent in D.C., Eases in Va. and Md.
  11. Lloyds told it must raise £25bn to escape toxic asset scheme
  12. Mortgage lending suffers summer dip, says CML
  13. Philadelphia gets budget help from state
  14. UK monthly budget deficit soars to record £16bn
  15. Unemployment: 5 states see jobless rate climb above 12%

Friday - September 18, 2009:

  1. BoI's Fischer: 'Out of recession, still in crisis'
  2. Consumer spending recovery runs out of steam in August
  3. Credit crunch creates a delicate balancing act
  4. FM: 'Goldstone c'tee didn't let facts confuse them'
  5. GAZ Group to cut 14,000 jobs by end of year
  6. Kremlin economic aide warns crisis could deepen
  7. No gifts for 800,000 workers this year
  8. Ron Paul's Fed audit has majority support
  9. Student loans in meltdown: 100,000 are starting courses without cash for food
  10. Supermarkets Cut Prices to Lure Customers

Thursday - September 17, 2009:

  1. Brown faces humiliation as EU is poised to force break up of Lloyds Halifax superbank
  2. 'National disaster' looms as one in five young Britons are now unemployed
  3. Number of Israelis on unemployment benefits jumped 37% in 2009
  4. Philadelphia libraries to close Oct. 2
  5. Should a shrinking dollar worry you?
  6. U.S. growth in 2 percent range over near term forecast
  7. Unemployment hits highest since 1995
  8. Why a meltdown could happen again

Wednesday - September 16, 2009:

  1. BAE to axe 1,100 jobs and close site
  2. Japan Airlines to cut 6,800 jobs
  3. Brown mentions the c-word as he finally admits need to cut back state spending
  4. Gov'ts tap world's wealthy during crisis
  5. Medvedev admits Russia 'underestimated' global economic crisis
  6. SINGAPORE Commercial shipping in crisis as thousands of ships wait, anchored off the coast of Singapore
  7. World wealth down 11 percent, fewer millionaires

Tuesday - September 15, 2009:

  1. The false dawn
  2. Cash-Strapped Cities Pile On The Parking Fines
  3. China’s current economic recovery not to last
  4. Crisis has not altered Wall Street
  5. Executive pay keeps rising, Guardian survey finds
  6. Flagship projects may be put on hold, Mandelson admits
  7. Global poll sees support for spending stimulus
  8. Indian farmers selling wives and daughters to survive drought
  9. Labour set to target middle class benefits
  10. Mayors Protest in Jerusalem
  11. New Opel owners may cut 4,500 jobs at German plants
  12. Stiglitz Says Banking Problems Are Now Bigger Than Pre-Lehman
  13. The real price of a mortgage 6.49%
  14. Top executives received huge pay rises of 10% last year... DESPITE the recession
  15. Tories plan 'Tell Sid' style shares sale in nationalised banks
  16. Treasury: Billions still needed to backstop the economy
  17. Vauxhall's UK plants face threat of closure after 10,500 jobs slashed

Monday - September 14, 2009:

  1. 4 problems that could sink America
  2. Adviser: High unemployment for years
  3. Gold Climbs to 18-Month High as Dollar Weakens; Silver Gains
  4. In Shift, Wall Street Goes to Washington
  5. In Wisconsin, Early Signs of an Industrial Rebound
  6. Recession Has Thrust Millions More Into Poverty, Census Statistics Show

Sunday - September 13, 2009:

  1. Global economic crisis to continue IMF chief
  2. Obama launches push for financial regulatory reform
  3. U.N. panel wants new global reserve system

Saturday - September 12, 2009:

  1. CHINA: Chinese workers occupy factories, set up road blocks, only way to seek justice
  2. EU To Establish Powerful Financial Authority
  3. Financial crisis knocks value of Harvard and Yale endowments
  4. Panel reviews sweeping state tax reform
  5. Rich getting poorer as income gap shrinks
  6. Russian monetary base down $471 mln in week to $129.7 bln
  7. Russia's largest carmaker AvtoVAZ plans mass redundancies
  8. U.S. government nervous about stimulus fraud, scams
  9. U.S. Michigan Sentiment Index Increases to 70.2
  10. UC proposing 32 percent fee hike

Friday - September 11, 2009:

  1. Bank of England holds interest rates at historic low as house prices rise for second month in a row
  2. Census Incomes down, poverty up
  3. Doing the math on Obama's debt
  4. Failures of U.S. economy '100 percent home-grown'
  5. Income, Poverty, and Health Insurance Coverage in the United States: 2008
  6. Russian labor chief plays down mass redundancy fears
  7. U.S. foreclosures near record, peak in late '10 report
  8. U.S. poverty rate hits 11-year high
  9. U.S. trade gap widens on record import surge
  10. UN wants new global currency to replace dollar

Thursday - September 10, 2009:

  1. FTSE soars through 5,000 mark for first time in a year as Mandelson insists Britain IS coming out of recession
  2. Gazprom Neft posts 56.5% U.S. GAAP net profit drop in 1H09
  3. Greenspan Market crisis 'will happen again'
  4. Japan Falls as Yen Strengthens

Wednesday - September 9, 2009:

  1. 4 problems that could sink America
  2. Consumers slash borrowing by record amount
  3. Gold Jumps to 18-Month High on Weaker Dollar, Inflation Outlook
  4. What gold's rally is telling us
  5. Job market dips in August
  6. Top Chinese official signals move away from dollar
  7. UN Says New Currency Is Needed to Fix Broken ‘Confidence Game’
  8. Recession is officially over, according to leading thinktank (UK)
  9. Russia's capital outflow down almost 50% in August on July
  10. Some California workers need public help
  11. States- We can't afford costs tied to $5B emergency fund
  12. Stimulus bill not creating the jobs it promised
  13. Swiss topple U.S. as most competitive economy
  14. Teacher layoffs high despite stimulus aid
  15. U.S. hiring outlook dips, better elsewhere Manpower

Tuesday - September 8, 2009:

  1. A Surge in Homeless Children Tests School Aid Programs
  2. Major U.S. Role in Mortgages Shaping Entire Market
  3. 'Sheer hypocrisy' as country's largest union moves to cut final salary pensions for members
  4. Stocks rise after G-20 say stimulus will stay
  5. The great banking bailout unravels
  6. Russian steelmaker Severstal reports $944 mln half-year loss

Monday - September 7, 2009:

  1. Two out of five working-age Californians jobless, study says

Sunday - September 6, 2009:

  1. Europe's Socialists Lose Ground in Downturn
  2. Fed must not leave rates too low Hoenig
  3. Five more banks fail in first week of September
  4. G20 aims at bank pay and capital; stimulus to stay
  5. Job market unlikely to recover until 2014 - Stocks & economy
  6. Ryanair passengers face £70 bill to check in two bags
  7. Slam the brakes on gov't hijacking (Commentary)
  8. Troubles For 'Prime' Borrowers Intensify

Saturday - September 5, 2009:

  1. Caution: This rally is out of hand
  2. Chrysler assets left behind in bankruptcy lost $10B in June
  3. Despite Talk Of Recovery, Long Recession Is Taking Toll On The Most Credit-Worthy Borrowers
  4. G20 clash over how to stop another banking crisis
  5. G-20 to Talk About Future Of Stimulus Programs
  6. Improving economy not likely to lower jobless rate
  7. Job losses slow; jobless rate at 26-year high
  8. Russian monetary base down 2.5% in week to $125.16 bln
  9. USDA: 35 Million Americans on Food Stamps

Friday - September 4, 2009:

  1. Bank analysts see 'implosion' ahead
  2. Banks fight plan to regulate derivatives
  3. Britain to stay in recession as world recovers... but Darling says we must keep on spending
  4. Gazprom approves 17% cut in 2009 investment program
  5. NHS 'must sack one in ten staff' as management consultants call for £20billion of cuts
  6. Now not time to end economic stimulus OECD
  7. Russia's budget deficit hit 5.9% of GDP in Jan.,Aug.
  8. New jobless claims dip less than expected to 570K

Thursday - September 3, 2009:

  1. 4 'zombie' stocks better off dead
  2. Cash for Clunkers 'inefficient,' says dealer
  3. China's Rules Put Foreign Banks in a Bind
  4. Families pay off £600m of debt: Hard times bring first recorded fall in money we owe
  5. Fed Officials More Confident Recession is Ending
  6. Recession prompts hike in insurance fraud

Wednesday - September 2, 2009:

  1. Banks' Favorite Dem Set To Chair Banking Committee
  2. Cold feet at the cash register
  3. Dodd Leans Toward One Agency for All Banks
  4. Mortgage repayments exceed new borrowing
  5. New bull, new bubble, new meltdown
  6. Oil giant Rosneft posts 47% U.S. GAAP net profit drop in 1H09
  7. Russian metals giant Evraz posts half-year net loss of $999 mln
  8. Russia's Reserve Fund down 3.7% to $85.74 bln in August
  9. Thousands of holiday Britons stranded as budget airline SkyEurope cancels all UK flights
  10. U.S. auto sales boom; Hyundai, Ford gain ground
  11. University of Texas pulls out of National Merit Scholarship program to focus on need-based aid
  12. We'll carry on spending, pledges Gordon Brown as he refuses to rule out tax rises for wealthy
  13. Worries about banks drag stock market lower]

Tuesday - September 1, 2009:

  1. $3.1B set aside for jobless unclaimed
  2. Can colleges keep promises of aid
  3. CHINA: Shanghai Composite Index drops 6.74 per cent today, 21.8 per cent in August
  4. Commercial Real Estate Lurks as Next Potential Mortgage Crisis
  5. Lev Levayev: Investing in US Was a Disaster
  6. Loan-value Data Shows Ills Persist (double-dip)
  7. Meltdown 101: Why banks' struggles have worsened
  8. More handouts in store for big banks
  9. Oil below $70 as China stock market sinks
  10. Venezuela's strong bolivar swamped by inflation
  11. Why this rally might head into fall

Archives --

  • August 2009
  • July 2009
  • June 2009
  • May 2009
  • April 2009
  • March 2009
  • February 2009
  • January 2009
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  • October 2008
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