Thursday, May 07, 2009

More economic issues


NEED BILLIONS AND BILLIONS MORE

'National bailout agency' for U.S. cities...


Stocks Climb to Four-Month High...
AMEX, JPMORGAN, BANK OF NEW YORK MELLON pass tests...
Roubini: Insolvent banks should feel market discipline...

MURDOCH: 'THE WORST IS OVER... WE'VE HIT A FLOOR'

'MOVIE BUSINESS BOOMING'...

'FOX NEWS ACHIEVED ITS HIGHEST EARNINGS EVER... DOUBLE FROM A YEAR AGO'

'REVENUE FROM NEWSPAPERS MOVING TO WEB... PROBABLY NEVER TO RETURN'

$56: Oil prices jump to new high for year...

Bank of America comes up $34bn short in stress test: The US government has told BoA to bolster its capital cushion – and similar instructions are expected at up to 10 other banks

Wells Fargo said to need $15 billion: Wells Fargo & Co., the fourth-largest U.S. bank by assets, requires about $15 billion in new capital as a result of regulators' stress test on the lender, according to a source familiar with the matter.

Wells Fargo freezes traditional pension plan: Wells Fargo & Co. told employees on Monday it will no longer contribute to their traditional pension plan, effectively cutting the total compensation of its workers less than two weeks after announcing record first-quarter profit.

20% of homeowners 'underwater': Study finds more than 20% of U.S. homeowners - about 20 million residences - owe more than their homes are worth.

Rich Default on Luxury Homes Like Subprime Victims: The number of U.S. homes valued at more than $729,750, the jumbo-loan limit in the most affluent areas, entering the foreclosure process jumped 127 percent during the first 10 weeks of this year from the same period of 2008,

General Motors To Temporarily Shut Parts Plants

AIG Bonuses Four Times Higher Than Last Year!

The Derivatives Elephant In The Room

22% Of US Homeowners Now Underwater

A Depression Is Unavoidable

Insiders Are Selling

Bernanke Sees Signs Of Recovery (huh?)

US Dollar Decline Accelerating

Bank Of America Needs Another $33 Billion

Pressure Mounts On BoA And Citi

UK Basic Taxes Must Rise 8% To Save Nation

Britons Face Working Until 70

House Prices Continue To Plummet

UK Economy Shrinking Fastests Since 1931

Subprime Lobbyists In $370M Fight

401(k)s Hit By Withdrawal Freezes - WSJ

'Money Industry' Bought Control Of US For $5.2 Billion

GM Shareholder Wipeout

US Banks Surges On Test Hopes

Scholar Goes Online To Differ With Obama

London Market Hits Four Month High

UK Falls From Intl Top 10 Prosperity

Ruthless Employers Love Recession





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