Thursday, January 22, 2009

More economic issues

UK faces 'possibility of national bankruptcy'...
Oil Declines Below $33...

Jim Rogers: 'Sell any sterling you might have. It's finished'

Investment guru issues grim warning as sharp fall in inflation hits pound

By Sean O'Grady, Economics Editor

Fresh concerns about the British economy and fears for the stability of the UK's financial system pushed sterling to new record lows against the dollar, euro and yen yesterday. Continue


The Right To Food

By Cernig

By a vote of 180 in favour to 1 against (United States) and no abstentions, the Committee also approved a resolution on the right to food, by which the Assembly would “consider it intolerable” that more than 6 million children still died every year from hunger-related illness before their fifth birthday. Continue

Ecuador to Cut $1.5 Billion in Imports to Defend Use of Dollar: Ecuador has reached an agreement with business leaders to cut imports by $1.5 billion to help defend the South American country’s use of the dollar as legal tender, President Rafael Correa said.

UK unemployment nears two million: Public finances also deteriorated sharply in December, putting them on track for their worst year since records began after the second world war, the ONS said.

US markets plummet as banks falter and world slump deepens: New York University Professor Nouriel Roubini yesterday estimated that US financial losses may total $3.6 trillion. "If that is true, it means the US banking system is effectively insolvent because it starts with capital of $1.4 trillion," he said. "This is a systemic banking crisis."

Are interest rates still too high?: Even zero isn't low enough to boost economy, Goldman Sachs study says

Federal Home Loan Banks may have to borrow from U.S.: The mortgage crisis is seeping into one of the last dry corners of the mortgage business, the regional network of Federal Home Loan Banks, which provide U.S. banks with hundreds of billions of dollars in low-cost funding to support lending to home buyers.

US, UK Head For Bond Default Dnd Devaluation

Fed Manipulating Market Prices, Gold, Oil, Bonds

UK Banks Technically Bankrupt

US, Germany In Second Bank Bailout

Calls To Nationalise RBS And Lloyds

Brown's Blank Check Leads Brits Into Slavery

Brown Takes UK To Edge Of Bankruptcy

BoE Paves Way To Start Printing Money

'Sell Sterling, Get Cash Out Of Britain - Jim Rogers

Oil Staggers To Below $33 Barrel

UK Unemployment Up To 1.92 Million

France To Put ¤6 Billion Into Car Industry

Irish Tycoon Suicide Over Losses

Banks Sink Deeper On Obama's First Day

Bank Worries Push Dow Below 8000

Europe's Winter Of Discontent

RBS Shares Dive 67% Nationalization Looms

Lloyds Slumps 47% As Investors Flee

Public Anger At 'Irresponsible' Banks

UK Experts - 2nd Bank Bailout May Fail

Sterling Dives On Debt Fears

2nd UK Bank Bailout 'Plainly Not Enough'

Chrysler In Big Swap With Fiat

Lindsey Williams Details 'Economic Calamity'


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