Monday, June 08, 2009

More economic issues


Obama Seeks Tax on Wealthy to Fund Health Overhaul...
Tax on international air travel could fund 'climate change' fight...

USA MOVES LEFT, EU GOES RIGHT

NYT: TENSIONS GRIP OBAMA ECONOMIC TEAM...

Unemployment Rate Gallops Ahead of Expectations...

Big government spending programs -- having opposite desired effect...


Kennedy bill would make employers provide care...

Obama to take more active role...

Schwarzenegger suggests state consider flat tax...

BOSTON GLOBE staff may vote to reject new compromise; Could result in unilateral 23% pay cut...

Russia, China Should Dump Dollar in Trade - Medvedev

By Reuters

Russia and China should consider switching to domestic currencies in bilateral trade without going to the dollar, Russia's president Dmitry Medvedev said in an interview with Kommersant daily published on Friday. Continue

Credit card rate racket: As Bank of England freezes interest fee at 0.5%, firms push up theirs to a record 18%

Fed Intends to Hire Lobbyist in Campaign to Buttress Its Image: The Federal Reserve intends to hire a veteran lobbyist as it seeks to counter skepticism in Congress about the central bank’s growing power over the U.S. financial system, people familiar with the matter said.

Treasury bloodbath soaks top fund managers: - Investors have been blindsided by one financial catastrophe after another over the last 18 months, but throughout the tumult, the government bond market has been their friend. Until now.

Bankrupt: Bank No. 37 Closed; Bank of Lincolnwood Seized by Regulators: Bank of Lincolnwood, Lincolnwood, Illinois, was closed today by the Illinois Department of Financial and Professional Regulation, Division of Banking, which appointed the Federal Deposit Insurance Corporation (FDIC) as receiver.

Bankrupt: No Private-Equity Deal for Failed Silverton Bank: The Federal Deposit Insurance Corp. has decided to wind down Silverton Bank, the failed Atlanta "bankers' bank," instead of selling it to investors, a setback for the private-equity industry but not one expected to damp its hunger for troubled banks.

Alabama County Set to Halt Services, Shut Buildings Over Budget: Alabama’s most populous county is preparing to stop road maintenance, close courthouses and shutter services for the elderly after a court struck down taxes that pay for about 35 percent of its budget.

All Markets Suggesting Hyperinflation

Obamanomics - How Dumb Do They Think We Are?

Obama's Unprecedented Debt

The Economy Is Still At The Brink

Will The British Pound Get Pounded?

Economic Collapse, Time To Run?

Securitization - The Biggest Rip-Off Ever

Global Financial Power Shifting To China

Stocks Bear Market Rally Built On Sand

US/Euro Economies Descend Into Marxism

US Fed Chocking Economic Recovery?

Chrysler Creditors Seek Halt Of Sale To Fiat

Madoff Bagged $165M Just Before His Arrest

Shaping The New Wall Street

Protests Vs Putin As Russian Factories Go Broke

Merkel's May Wake Bears From Hibernation

Russia, China Should Dump Dollar In Trade - Medvedev

Housing Bubble Caused Great Depression, Too

Ingredients For Bull Run On Gold, Gold Stocks There

China Considers Buying $50B In IMF Bonds

German GDP To Fall 6%

Credit Card Rates Rise Despite Low Bank Rate

US Mtge Rates Surge To Highest Since December

What A State-Run GM Could Do

Uganda Oil Reserves Rival Saudi Arabia - US Expert

US Regulator Details Derivative Plans

Ex-Countrywide Chief Exec Charged With Fraud

House Seeks Bigger (ANY) Scrutiny Over Fed

Brown Resignation Rumor - Pound Plunges

British Airways Won't Rule Out End Of Pensions

Baby Boomers Last To Retire With Good Deals




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