Thursday, May 14, 2009

More economic troubles.


GM, CHRYSLER to cut 3,000 dealers...


GOVERNMENT MOTORS: CHINESE-MADE CARS TO USA!

CASH: Schwarzenegger to propose selling San Quentin...

TOKYO RED: SONY LOSES A BILLION...

DEMS EYE TAX ON SMOKES, BEER, SODA AND CHIPS...

Retail sales drop in April...

STOCKS FALL...

Obama Eyes Bank Pay Overhaul; Curb Compensation Across Finance...

There Shuttin’ Detroit Down

Video

In this 5 minute video, which features Mickey Rourke and Kris Kristofferson, you will see the plight of many in this area. Continue

RealtyTrac: April foreclosures rise 32 percent: The number of U.S. households faced with losing their homes to foreclosure jumped 32 percent in April compared with the same month last year, with Nevada, Florida and California showing the highest rates, according to data released Wednesday. Ohio was in the top 10.

April retail sales fall, raising recovery doubts: Retail sales fell for a second straight month in April, a disappointing performance that raised doubts about whether consumers were regaining their desire to shop. A rebound in consumer demand is a necessary ingredient for ending the recession.

State Tax Revenues Fall 12.6%: The decline was biggest in the Far West (-18.1%) and smallest in the Plains (-5.0%). Here are the states with the ten biggest and smallest declines in tax revenues:

Social Security, Medicare Finances Worsen: Social Security and Medicare are fading even faster under the weight of the recession, heading for insolvency years sooner than previously expected, the government warned Tuesday.

Significance Of Developed GM Food Vaccine

Stock Optimists Should Read Of Great Depression

Roche Ramps Up Production Of Tamiflu

EU Plans Stress Texts For Banks In Europe

Japan's Current Account Surplus Shrinks

Hardship In The City That Bears Toyota's Name

Asian Stock Rally Loses Fizz

Control of Russian venture TNK-BP slips away from BP

Eurozone Industrial Output Plunges

Steel Workers Storm ArcelorMittal HQ

UBS Suggests Gold Could Go To $2,500

Medicare Fund Broke By 2017

GM Shares Lowest Since Great Depression

America Theatens Trade War With China

Intel Fined ¤1bn For Breaking Competition Law

BoE Cuts Growth Forecast

Credit Card Companies Pile On Fees, Raise Rates

Now What Do We Do?

Relaxing After Bank Stress Tests? You Shouldn't

Who's Overseeing The Fed? - No One! - Vid

Captains Of Industry Don't Go Down With Ships

Oil Hits Six Month High

Hitachi Posts Record Loss In Japan

Nissan Posts First Loss In Ten Years

Economist Says Govt Had Key Role In Crisis

China's Exports Suffer - Demand Drops

Microsoft Launches First Ever Bond

Krugman Fears Lost Decade For US





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