Ecomomic Crisis
Daily News and Updates

Thursday - September 30, 2010:

  1. Fines for deficit states more likely under EU plans
  2. IMF boss sees low risk of 'currency war'
  3. G-20 Should Seek Global Currency 'Harmony,' Larosiere Says
  4. Austerity whips up anger in Europe
  5. The human cost of the crisis in Europe at a glance
  6. Mortgage approvals dip as demand for property weakens
  7. MPC member Adam Posen warns: Bank must act to stop long-term stagnation
  8. Silver, gold prices coming down?

Wednesday - September 29, 2010:

  1. Bond sell-offs fuel fears that Ireland, Portugal will go the way of Greece
  2. Outside View Gold at $1,300 an ounce
  3. U.S. Consumer Confidence Fell More Than Forecast
  4. World gripped by 'international currency war'

Tuesday - September 28, 2010:

  1. America's 'competitive' ranking slips
  2. House prices fall in every region of UK...Even London succumbs to mortgage drought
  3. Spend for Britain: Bank tells UK's 22million savers to boost faltering economy

Monday - September 27, 2010:

  1. Delay in Fla. foreclosures sought
  2. Loss of stimulus funding will cost jobs
  3. Training of new sailors is frozen for six months in Navy cuts (UK)
  4. U.S. set to be a posse of one on China yuan at G20
  5. Walking away with less

Sunday - September 26, 2010:

  1. Out-of-control spending

Saturday - September 25, 2010:

  1. Get ready for the end of the September rally
  2. House panel cranks up pressure on China currency
  3. Is recession really over?
  4. British scientists say cuts will cripple research

Friday - September 24, 2010:

  1. No tax cut vote before election: Democrat
  2. Stocks end down amid new worries over Europe
  3. Blockbuster files for Chapter 11 bankruptcy, will reorganize
  4. Irish economy faces double dip recession
  5. Mortgage lending falls once more
  6. Obama asks Wen for more action on yuan
  7. Wen warns, touching the yuan would cause unrest in China
  8. French strike hits flights and train services
  9. Russia's economics ministry maintains GDP growth forecast at 4 pct
  10. Warren Buffett: We're still in a recession

Thursday - September 23, 2010:

  1. Gold hits fresh record, closes above $1,290
  2. Japan PM warns of more action versus yen
  3. Corporate CEOs unhappy with Obama

Wednesday - September 22, 2010:

  1. Americans want deficit cut even in tough economy
  2. Fed lays groundwork for possible further stimulus
  3. Japan currency move could hurt global economy

Tuesday - September 21, 2010:

  1. Ally's GMAC Mortgage Halts Home Evictions in 23 States
  2. Mortgage lending plummets to 10-year monthly low as housing market remains 'exceptionally' weak
  3. Recession US Recession Ended June 2009 NBER

Monday - September 20, 2010:

    Nothing to report this morning.

Sunday - September 19, 2010:

  1. Year's tally of U.S. bank failures reaches 124

Saturday - September 18, 2010:

  1. About 44 million in U.S. lived below poverty line in 2009, census data show
  2. Core CPI flat, deflation fears linger

Friday - September 17, 2010:

  1. An American innovation in light bulbs, but will manufacturing stay in the U.S.
  2. Banks take over record number of homes in August
  3. U.S. Homes Lost to Foreclosure Up 25 Percent
  4. Councils face large cut in grants after Treasury deal
  5. Geithner vows to take China currency dispute to G20
  6. Michigan unemployed job seekers relying on food assistance, cash, to maintain stability
  7. Obama goes on incredible $192 million splurge-fest
  8. U.S. Poverty Rate Highest Since 1994

Thursday - September 16, 2010:

  1. Accept cuts or fail your children: Bank governor ignores union walkout to deliver double-dip recession warning to TUC
  2. Crisis in China 64 million empty apartments
  3. Gates details $100 billion in defense cuts
  4. Global economy faces toxic threat from imbalances U.N.
  5. JAPAN: Tokyo puts brake on yen to help exports
  6. Special Report: Blue-collar, unemployed and seeing red
  7. U.S. industry and lawmakers urge action on China's yuan
  8. Unemployment claimant count rises unexpectedly

Wednesday - September 15, 2010:

  1. Jobless are straining Social Security's disability benefits program
  2. Survey Cost of insurance claims to rise 11% for PPOs
  3. Former German Finance Minister Peer Steinbrück: The Global Economy 'Still Has Deep-Seated Structural Problems'
  4. IMF fears 'social explosion' from world jobs crisis
  5. Public sector cutbacks could lead to riots, says police chief
  6. Inflation stays high as clothes, food and travel rise
  7. Gregoire orders state budget cuts
  8. Record surge in air fares and food bills drives inflation above target for sixth month in a row

Tuesday - September 14, 2010:

  1. College loan default rates rise as recession takes a toll
  2. Geithner Urges Action on Economy
  3. US recession warnings gain ground
  4. Cuba to lay off 500,000 in six months
  5. Police we can't take care of cuts protests if you cut us UK news
  6. Union leaders warn of strikes to oppose cuts

Monday - September 13, 2010:

  1. Bank Regulators Back New Rules to Avert Crises
  2. Global regulators agree on tougher Basel III bank rules
  3. IMF warns of global economic slowdown
  4. New protests in Greece over austerity cuts
  5. Number of Families in Shelters Rises
  6. Obama adviser Unemployment to stay high
  7. Poverty Rate In U.S. Saw Record Increase In 2009: 1 In 7 Americans Are Poor

Sunday - September 12, 2010:

  1. Defense cuts could slow D.C. economy for years
  2. Federal Reserve mistakes lead to stock market volatility
  3. Horizon Bank becomes year's 119th bank failure
  4. Investors buying into risky bear market funds
  5. Britain to consider steep military cuts
  6. Coalition cuts will hit poor 10 times harder than rich, says TUC

Saturday - September 11, 2010:

  1. 'Christmas for criminals'- 40,000 frontline police staff face axe if spending cuts go through, warns union boss
  2. Up to 40,000 police jobs face axe, federation warns
  3. These cuts could leave Britain defended by rowing boats, Airfix jets and Girl Guides
  4. Unions strike threat as report says Royal Mail 'must be sold' to save universal postal service

Friday - September 10, 2010:

  1. Analysis: Sarkozy to press currencies role for G20
  2. Clegg admits it will take four years to 'rebalance' Britain but tries to offset fears about savage cuts
  3. OECD cuts global economic growth forecasts
  4. Economists cut U.S. growth forecast again
  5. George Osborne to cut £4bn more from benefits
  6. 'Shameless' generation grows as seven million now live in households where no one works
  7. Shares of bunker staples soar as investors hunker down
  8. Why inflation is essential to an economic recovery
  9. Debt, financial crisis hurt U.S. competitiveness

Thursday - September 9, 2010:

  1. Light bulb factory closes; End of era for U.S. means more jobs overseas
  2. Obama proposes billions in tax breaks
  3. Tech Sector, Slow to Hire, Unlikely to Lead Recovery
  4. Europe in turmoil over retirement age increase

Wednesday - September 8, 2010:

  1. \EU agrees new financial supervision framework
  2. George Osborne to back EU banking controls
  3. Britons caught in France strike chaos as public sector workers walk out over pension age rise
  4. Jobs, underemployment Millions struggle with part-time or lower-paying jobs
  5. Russia could start selling off stakes in state firms by end of year
  6. Russia's retirement age should be raised - pension fund

Tuesday - September 7, 2010:

  1. Afghan bankers' assets frozen
  2. Boehner Obama infrastructure plan is more failed stimulus
  3. Economists: Second Economic Stimulus Needed
  4. Obama unveils new $50 billion infrastructure plan
  5. Small businesses feel squeezed by Obama policies
  6. Tube chaos sees London grind to a halt as workers walk out... at a cost of £50m to the capital

Monday - September 6, 2010:

    No real news to report this morning.

Sunday - September 5, 2010:

  1. Inflation, deflation, stagflation Which hits hardest
  2. Ex-bank executives say their dismissals caused panic withdrawals in Kabul

Saturday - September 4, 2010:

  1. Russian consumer price inflation to hit 6-7 pct in 2010
  2. Service sector slowdown revives fears of double dip recession

Friday - September 3, 2010:

  1. Pennsylvania capital, Harrisburg, skips payment, may move closer to bankruptcy
  2. Bernanke: Shut down banks if they threaten system
  3. UN Global Food Prices Highest in 2 Years
  4. US mortgage rates hit another record low: Freddie Mac
  5. Fresh fears for property market as average house price slumped by £2,850 in August
  6. RBS cuts 3,500 UK jobs

Thursday - September 2, 2010:

  1. Ford, GM sales drop,Chrysler's up for Aug
  2. Manufacturing picks up in India and China, slips in Europe
  3. Nervous Afghans pull money from Kabul Bank, raising fears
  4. New stock market could help small companies
  5. Police chief says 'I need to axe 1,500 jobs' to meet Government cutbacks
  6. Record number in government anti-poverty programs
  7. US markets suffer their worst August in almost a decade
  8. US private sector cuts 10,000 jobs in Aug: report

Wednesday - September 1, 2010:

  1. Afghan authorities take over biggest bank to avoid meltdown
  2. For Many, a New Job Means Lower Wages, Studies Find
  3. Fresh fears of housing market 'double dip' as mortgage lending crashes to new low
  4. Indian economy jumps +8.8% in the last quarter
  5. Integra Group first half net loss grows 36 pct to $30.4 mln
  6. Jobless rate 'will hit 10% by 2015' in some parts of the UK as public sector cuts take effect
  7. Negative equity curse 'will last until 2014'
  8. Osborne cuts Treasury staff by 25 per cent in example to other departments
  9. Our ever shrinking pension payouts- Millions now facing the lowest returns on investments since records began

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