Wednesday, December 03, 2008

More economic troubles.

FORD Requests $9B Loan in Plan Submitted to Congress...
GM Asks for Up to $18B...
Sales hit new lows...
Pelosi: Automaker bankruptcy 'not option'...
Auditors Fault Oversight of Bailout Funds...
Governors to Seek Up to $100B in Social Aid...
Feds to expand rescue; reviewing applications from 'hundreds of banks'...
FDIC head: Gov't plan needs 'exit strategy'...
Metal prices fall further than during Great Depression...

US manufacturing hits 26-year low: ISM : The Institute of Supply Management said its manufacturing index slumped 2.7 points to 36.2 percent, far below the 50 percent level that separates expansion and contraction. The level was the lowest since May 1982.

U.S. May Be in for ‘Great Recession,’ Longest Postwar: The longest economic slumps since 1945 were the 16-month downturns that ended in March 1975 and November 1982. The Great Depression lasted 43 months, from August 1929 to March 1933

Mortgage delinquencies shoot higher: The percentage of people who are two months behind on their mortgages shot up in the third quarter from the same period last year, according to credit reporting agency TransUnion LLC.

Call For Zero Rates From The Fed

Schwarzenegger - CA Is Almost Broke

Redstone $1.6B In Debt - Sells Assets Cheap

World Stability Hangs By A Thread

US Recession Began A Year Ago

Australia Chops Rates To 7 Year Low

Oil Drops To As Low As $46 Barrel

UK Const Shrinks At Fastest Pace Ever

Tata Motors Appeals To Public For Cash

Aston Martin Cuts Workforce By Third

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