Tuesday, April 07, 2009

More economic issues

GM Speeds Up Bankruptcy Preparations...

AP cuts newspaper rates, moves to protect web news...

Online campaign to save bankrupt Minneapolis paper...

Obama Maintains Control Over Banks By Refusing To Accept Repayment Of TARP Money...

Geithner Says He May Oust Executives...

Americans Feel 15.6% 'Underemployment'...

Stocks in Decline on Banking Concern...

Fed announces new credit lines...

Bernanke's 'Green Shoots' May Be False Spring as Job Losses Keep Mounting...

Mayo Says Loan Losses Will Exceed Depression Levels...

SOROS SEES END OF DOLLAR AS WORLD CURRENCY...

Wall St. Ticks Off the World

By Eric Margolis

Financial crisis, not armed terrorists, greatest threat to U.S. security. Continue


Resist or Become Serfs

By Chris Hedges

America is devolving into a third-world nation. And if we do not immediately halt our elite's rapacious looting of the public treasury we will be left with trillions in debts, which can never be repaid, and widespread human misery which we will be helpless to ameliorate. Our anemic democracy will be replaced with a robust national police state. Continue

Shell in court over alleged role in Nigeria executions: In a New York federal court, Shell and one of its senior executives are to face charges that in the early 1990s in Nigeria they were complicit in human rights abuses, including summary execution and torture.

German and French banks got $36 billion from AIG Bailout: We officially moved into the next stage of the crisis today. AIG, likely under pressure from the administration, decided to come clean about where most of the bailout money was going. In a press release with several attachments, the struggling insurer detailed which counterparties had gotten about $100 billion of the bailout funds.

America to redirect military spending: Mr Gates, who spent the weekend finalising his budget plans for 2010, is expected to take aim at several major weapons conventional warfare programmes, in favour of spending on technologies more useful to the "asymmetrical" wars that US forces are embroiled in.

Economist: US collapse driven by 'fraud'; Geithner covering up bank insolvency: In an explosive interview on PBS' Bill Moyers Journal, William K. Black, a professor of economics and law with the University of Missouri, alleged that American banks and credit agencies conspired to create a system in which so-called "liars loans" could receive AAA ratings and zero oversight, amounting to a massive "fraud" at the epicenter of US finance.

$500K homes now selling for $200,000: Mary Ann Lepley, her husband, Derrick, and their 2-year-old daughter, Melody, have been in their 3,000 square-foot home here for about three months. They bought it for about $250,000. Just two years ago, amid California's housing boom, the same house sold for nearly $550,000.

Talmudic Jew Merkin Charged In Madoff Case

Bernanke's Financial Rescue Plan - A US Default?

Entire Banking System 'Basically Insolvent' - Soros

Complete Audit Of Govt's 'NET' Profits Is Urgent

Bailout Is A 'Subsidy' For Bandits, Crooks

US Prepared To Oust Bank Chiefs

Fresh Warning Over UK Deficit

UK Urged To Print More Money

UK Families Face Heavy Taxes To Fix Crisis

Swiss Deflation Next Chapter In World Crisis

E Euro Economies Are Zombies Stalking IMF

How World's Mints Are Coining Gold

Japan Rolls Out 2nd Stimulus Package

Spain Savings Banks May Be In ¤40bn Hole

ECB Dithers As Eurozone Dives

No Return To Normal - James K. Galbraith

Wal-Mart, Other Retail Giants Surging In China

Highest Monthly Silver Bullion Sales Since 1986

West Must Deal With $600T Derivatives

G20 - A Citizen's Guide

Goldbugs Rest Assured, Inflation Will Return

Dubai Asks Rothschild Help With $10B Fund

Bankers Rage At G20 'Witch Hunt' Vs Bonuses

US Watch Dog Wants Bank Execs Sacked

Wall St Computer Whiz Says His Work Broke Banks

G-20 Puts Global Currency Into Play

Summers Got Big Payoffs From TARP Banks

Buchanan - Should We Kill The Fed?

Derivatives To Central Clearing House Control

Concern Grows Over New IMF Power

Bankers Have Little Influence Left In DC, London

Fannie And Freddie Pay $210M In Bonuses

Chinese Economy Starts To Warm Up

Millions More Europeans Will Lose Jobs

Brown - Thinking Positively About Monetary Policy

How Barroso Transformed World's Financial Future

US Unemployment Hits 8.5% - 5M Jobs Lost

GM Chief Fails To Rule Out Bankruptcy

G20 'NWO' Little Impact On World Economies

The G20 Meetings - The EU Is In Tatters

Geithner Plan Shenanigans






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