Tuesday, January 20, 2009

More economic troubles.



WHAT RECESSION? THE $170 MILLION INAUGURATION...

What Obama Left Out of the Economic Recovery Plan

Higher Wages and Debt Relief

By Mike Whitney

Barak Obama and Co. are planning to launch their own version of economic "shock and awe" in the opening weeks of the new administration. Aside from the $825 billion stimulus package, which will be used to create 3 million new jobs and make up for flagging consumer demand; Obama is planning a financial rescue operation for banks that are buried under hundreds of billions of dollars of troubled assets. Continue

Warning that UK is on brink of depression: Sir George Mathewson, a former chairman of the Royal Bank of Scotland and chairman of the Scottish Government's economic advisory council, said that economic conditions would worsen.

Unless we are decisive Britain faces bankruptcy: Our financial institutions are fighting for their lives and the Treasury may not be able to bail them out. The government needs to get serious to avert meltdown

The Stimulus Scam: Video - Peter Schiff says consumers need to spend less, not more.

California controller to suspend tax refunds, welfare checks, student grants: John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, because with no budget in place the state lacks sufficient cash to pay its bills.

Lindsey Williams Details 'Economic Calamity'

Misguided Spending Leads To Worse Depression

HK Stocks Tumble - Economic Outlook Dims

Gold Is A Beach Ball Held Under Water

Warning UK On Brink Of Depression

Hundreds Of Billions Of Bailout Banks Again

Bank Bailout Part 2 - A Shot In The Dark

Brown Seeks Foreign Help To Rescue Banks

25% Of US Retailers May Go Bankrupt

Dark Days For American Retail

New RFID Tracks You Without Your Knowledge

Royal Bank Hit By Biggest Loss In History

UK Economy Collapse Is Second Bailout Fails

RBS To Write Of $2B Oligarch Loan

Brown Lambasts RBS As Irresponsible

Australians Told Their Budget Is 'Buggered'

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