Wednesday, January 07, 2009

More economic issues

Obama: Trillion-Dollar Deficits to Last...

...for years

Manhattan Office Rents Fall Most in Two Decades; Financial Tenants Leave...

Bank Of England Policymaker Predicts Unprecedented Dollar Collapse

By Edmund Conway, Economics Editor

Americans must prepare themselves for a massive collapse in the dollar as investors around the world dump their US assets, a former Bank of England policymaker has warned. Continue

House re-elects Nancy Pelosi as speaker: The woman who made history two years ago by becoming the first female speaker of the House has been re-elected to that post. House colleagues today chose Nancy Pelosi to continue as speaker.

Toyota to suspend production for 11 days in Japan: - Toyota is suspending production at all 12 of its Japan plants for 11 days over February and March, a stoppage of unprecedented scale for the nation's top automaker as it grapples with shrinking global demand.

The End of the Financial World as We Know It : “Greed” doesn’t cut it as a satisfying explanation for the current financial crisis. Greed was necessary but insufficient; in any case, we are as likely to eliminate greed from our national character as we are lust and envy. The fixable problem isn’t the greed of the few but the misaligned interests of the many.

The Great Credit-Crunch Hoax of 2008: Remember the credit crunch? Of course, you do. We'd never seen anything like it, or so the highest financial authorities and their lapdogs in the news media told us – not in a cool, calm, and collected way, either, but in a breathless delivery that suggested imminent economic doom unless the government immediately undertook to "do something."

Credit Card Companies Slash Credit Limits: As if access to credit wasn't already tight, credit card companies are slashing consumer credit lines and closing inactive cards - a move that could harm borrowers' credit scores and restrict access to loans

Is This The End?

A Real Letter From A CEO To His Employees

India - 6M Truckers Strike - Food Shortages Feared

Judge Urged To Jail Madoff For $1M Giveaway

How Britain Became A Giant Hedge Fund

Barky - US Economy 'Very Sick' (Profound Observation)

China Central Bank Sees China GDP Up 8%

Toyota In 11 Day Factory Shutdown

Many Cars Buyers In Negative Equity Loans

December Auto Sales Dive 36%

Ex-BoE Official Sees Dollar Collapse

London Daily Nails The Obama 'Win'

Will There Be A Recovery?

Krugman - Fed Can't Save Us From Great Depression

US Banks Drawn Into Madoff Scandal

Madoff Billions Said Stashed In Israel

Glass-Stegall Needed Immediately

Why The Banks Won't Lend

Trillions Created - What Does Money Even Mean?

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