Ecomomic Crisis
Daily News and Updates


  1. Into the euro abyss
  2. Obama risks all on new jobs stimulus

Friday - September 30, 2011:

  1. Analysis For markets, euro zone: QE no longer unthinkable
  2. Analysis: Stagnant U.S. jobs market bodes ill for world economy
  3. House prices fall at fastest rate ever across England and Wales
  4. Nokia to cut 3,500 jobs, close Romania plant
  5. Poverty affects 46 million Americans
  6. Ruble and stocks continue slide
  7. UK set to clash with Germany and France over E.U. plans for City trading tax
  8. Victory for Angela Merkel as Germany backs the eurozone bailout

Thursday - September 29, 2011:

  1. Chinese Banks Close to Collapse_ Fears of zero growth
  2. Brussels proposes EU financial tax
  3. Commission to propose EU 'stability bonds'
  4. Parliament approves economic governance ‘six-pack’
  5. Stocks drop, led by commodities on economic fear

Wednesday - September 28, 2011:

  1. Following Israel's 'economic miracle'
  2. Goldman Sachs plans deeper cost cuts
  3. U.S. on knife edge of contraction Fed economist
  4. BAE Systems confirms 3,000 UK job losses
  5. Families face £728 a year squeeze on spare cash
  6. Sign of the times: Now Dairy Milk CHOCOLATE bars get supermarket security tags as recession bites
  7. Strong ruble needs $100 oil says central bank head

Tuesday - September 27, 2011:

  1. EU looking at trillions in shock-and-awe plan to end crisis
  2. Only ECB has power to 'scare' global stock markets, warns IMF
  3. 'Massive jobs shortfall' predicted for global economy
  4. Moody's downgrades 8 Greek banks
  5. Weak pound is here to stay warns Bank of England expert
  6. Central bank raises upper end of ruble basket band amid ruble slide
  7. Insight Chasing high corn prices, U.S. farmers skip rotations

Thursday - September 22, 2011:

  1. Fed takes new tack to avoid U.S. economic slump
  2. Greece sharpens austerity; IMF warns on banks
  3. Israel Has Dumped 46 Percent of Its U.S. Treasury Bills; Russia 95 Percent
  4. Managed default likely scenario for Greece in next year: Citi analyst
  5. Moody's cuts BofA, Wells Fargo and Citi ratings
  6. Public borrowing rockets to record high
  7. Russia Faces Recession for Two Years With $50 Oil, IMF Says
  8. Toll of Arab Spring on Mideast economies grows

Wednesday - September 21, 2011:

  1. Italy downgraded, IMF says Europe behind the curve
  2. US and Europe risk double-dip recession, warns IMF
  3. Outside View: Why gold is so high and Obama so low
  4. Ruble to weaken on shrinking trade surplus: analysts
  5. Ruble plunges to new ten-month low
  6. Economic Crisis a controlled demolition
  7. Global stock markets braced for further turmoil after S&P downgrades Italy
  8. Greece to front-load austerity, troika to return
  9. Housing starts drop - underscores economic woes

Tuesday - September 20, 2011:

  1. Banks suffer shares hit as FTSE plunges 109 points over Greek debt fears
  2. Greeks Discuss Drastic Moves to Receive Aid
  3. Drug company Roche stops deliveries to some Greek hospitals
  4. Moody's stays negative on states, local governments
  5. Tyco to split into three companies; shares rise
  6. Vince Cable's plan to wipe out 'rewards for failure'
  7. Into the euro abyss
  8. Obama risks all on new jobs stimulus

Monday - September 19, 2011:

  1. Week Ahead: Fed Expected to Launch New Program While Europe Debt Troubles Bubble
  2. Greeks Discuss Drastic Moves to Receive Aid

Sunday - September 18, 2011:

  1. EU officials seek to dispel fears of credit crunch
  2. Vince Cable calls for urgent economic stimulus package
  3. Euro
  4. Moody's postpones decision on Italy's downgrade for month
  5. Cost of basics in your shopping basket up 10%
  6. Consumer mood up but outlook at 31-year low

Saturday - September 17, 2011:

  1. Central banks expand dollar operations
  2. Japan, Switzerland and US take steps to protect EU banks
  3. 'Save the Doomed Euro by Setting up a New Super-State'
  4. Spain raises taxes on the rich
  5. World braces for second wave of the crisis
  6. Postal Service move would delay mail by a day

Friday - September 16, 2011:

  1. European banks face major reckoning
  2. Europe's leaders battle to keep faith with euro as Greek bailout flounders
  3. Britain draws up survival plans for life after the euro to avoid plunging into another recession
  4. Deputy minister says ruble in for sharp devaluation in 2 years
  5. Deal reached on 'six-pack' of economic governance laws
  6. 111,000 state jobs go in record losses as Government cuts public sector
  7. Millions face higher fuel bills as EDF pushes gas bills up by 15%

Thursday - September 15, 2011:

  1. World Bank chief says world economy in danger zone
  2. Wen offers help to Europe on debt
  3. EU's Barroso Will present options on euro bonds
  4. Highest unemployment increase for two years after jobless rate surges by 80,000
  5. French bank downgrades keep investors wary
  6. Unemployment rises above 2.5m milestone
  7. Unions call for 'day of action' on November 30
  8. Expert: Perry right about Social Security
  9. Emerging nations crafting plan to come to Europe's aid

Wednesday - September 14, 2011:

  1. China in talks over buying Italian debt
  2. French banks hit amid worries over Greek exposure
  3. Brussels calls for still more austerity
  4. I.M.F. Chief's Change of Tune on Bank Capital
  5. International alarm over euro zone crisis grows
  6. Merkel tries to calm fears over Greek default as market jitters continue
  7. Inflation hits three-year high of 4.5 per cent
  8. Census US poverty rate rises to 15.1 per cent; number of uninsured hits high of 49.9 million
  9. JPMorgan Q3 trading revenue down 30 percent

Tuesday - September 13, 2011:

  1. ECB official urges further public sector pay cuts in Ireland
  2. Russia says euro-crisis could 'detonate' in neighbouring countries
  3. Geithner heads to Europe as debt fears mount
  4. Global economy looks increasingly gloomy
  5. IMF insists on increasing gas prices for Ukraine before giving money
  6. UK to push through bank reforms
  7. JPMorgan CEO says bank rules anti-American: report
  8. Russian ruble, shares fall in morning trade
  9. Shares tumble on fears over Greek default
  10. Stocks, euro rebound on Italy-China speculation
  11. TUC leader warns of mass walkouts over pension reforms
  12. High Food Prices Expected to Climb Further

Monday - September 12, 2011:

  1. Market may calm someday, but not this week
  2. Greece on verge of default as doubt grows over €8bn bailout
  3. Greece to hike taxes again-FinMin
  4. Analysis: Stark ECB exit hits shaky euro zone at worst time
  5. Israeli Kiosks Offer Cash for Gold
  6. ManorCare to lay off ‘several hundred’ in U.S.

Sunday - September 11, 2011:

  1. Bank shares hit as report backs calls for major shake-up of the industry
  2. Benefits cap 'could make 80,000 children homeless'
  3. Employers Say Jobs Plan Won’t Lead to Hiring Spur
  4. Greece braced for mass protests as austerity cuts bite

Saturday - September 10, 2011:

  1. S&P raises Israel's credit rating from A to A+
  2. BofA discussing about 40,000 job cuts
  3. Europe debt crisis fears hammer euro, stocks
  4. G7 offers little to calm markets on growth, debt
  5. Typical family will see living standards drop as incomes fall 'by £4,600 a year by 2013'

Friday - September 9, 2011:

  1. 4 Rising Food Costs That Will Hurt Your Wallet
  2. Debt Crisis Leading to 'United States of Europe'
  3. Deficit reduction plan to stay says Osborne as UK heads to double-dip recession
  4. ECB signals rates on hold, nervous about economy
  5. Fitch warns of downgrades for China, Japan
  6. LG Electronics cuts 30 percent of overseas mobile staff report
  7. High streets are doomed, says shopping tsar Mary Portas
  8. Sydney clogged as thousands march
  9. Saab bankruptcy likely 'in days'
  10. Bank of America Plans No New Branch Closings

Thursday - September 8, 2011:

  1. US falls to 5th in global competitiveness, survey shows
  2. Fed considers buying more long-term Treasury bonds to lower rates
  3. S&P Met With Bond Firms
  4. Stocks Slide, 10-Year Yield Reaches Record Low on Euro Region's Debt Woes
  5. Merkel outlines steps to 'stability union'
  6. Mass strikes, protests hit Italy, Spain over EU-imposed austerity
  7. Italy strike: THREE million protest over austerity package
  8. Mich. governor signs 48-month welfare limit

Tuesday - September 6, 2011:

  1. Double-dip recession fears see £49bn wiped off shares
  2. US recession fears savage world financial markets
  3. Stock markets hit hard by fresh recession and eurozone debt fears
  4. Asian shares fall amid euro zone, banking worries
  5. Bankers Urge Quick Action on Europe’s Debt Crisis
  6. Equities hammered by euro zone and banking worries
  7. Analysis: Pension funds in new crisis as deficit hole grows
  8. G7 to seek ways to prop up global growth source
  9. Postal Service could shut down by winter
  10. US sources- Turkey's sharp economic downswing undercuts its regional status

Saturday - September 3, 2011:

  1. Fed asks BofA to list contingency plan report
  2. White House forecasts high unemployment through 2012
  3. White House sharply cuts growth forecast
  4. Zero job growth sparks U.S. bonds, gold rally
  5. UK construction new orders suffer biggest fall since 1980
  6. US, big banks play chicken over mortgages
  7. Greek debt targets missed, says independent report
  8. More than a quarter of graduates still haven't found a job three YEARS after leaving university

Friday - September 2, 2011:

  1. Outside View An American policy of decline by design
  2. S&P Just Rated A Bundle Of Subprime Mortgages Higher Than The U.S.
  3. Average house prices dip 0.6 per cent due to sluggish demand for homes
  4. Portuguese government announces massive public cuts
  5. Weak manufacturing data raises double-dip fears

Thursday - September 1, 2011:

  1. Investors slash equities in August melt Reuters poll
  2. Unemployment rates soar in Spain and Greece
  3. U.S. Companies Add Fewer-Than-Estimated 91,000 Workers in August, ADP Says
  4. UK plunges into debt danger zone after Labour's 10-year borrowing binge
  5. Homelessness could spread to middle class, Crisis study warns

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