Tuesday, January 27, 2009

More economic issues

Gloom deepens as 75,000 global jobs go...
Bad economy spurs egg and sperm sales...
FANNIE to Seek Up to $16 Billion in Emergency Treasury Aid to Stay Afloat...
Gold pushes above $900 in buying spree; Yellow metal posts all-time highs in euro and sterling...

Bad news: we're back to 1931. Good news: it's not 1933 yet: Barack Obama inherits an economy already contracting at an annual rate of 6pc, much like the mid-Depression year of 1931 (-6.4pc)

Flood of foreclosures: It's worse than you think: Banks are moving slowly to list repossessed homes for sale, which could mean that housing inventory is even more bloated than current statistics indicate.

Companies in U.S. to Slash More Jobs, Business Economists Say: More U.S. companies project they’ll pare staff in the next six months as pessimism mounts the economy will contract this year, according to a survey by the National Association for Business Economics.

Florida drowning in jobless claims: Floridians who want state unemployment benefits may need to brush up on their computer skills. That’s because there’s no way to sign up in person, and those who apply by phone can expect either busy signals or waits of up to 90 minutes to speak with someone.

'Rescued" Citi Buying $50M Jet: Beleaguered Citigroup is upgrading its mile-high club with a brand-new $50 million corporate jet - only this time, it's the taxpayers who are getting screwed.

The Day Banks Were 3 Hours From Collapse

US Layoffs - 'No End In Sight'

Caterpillar, Sprint, Home Depot Cut 61,000 Jobs

BoA And Citi Could Fail Despite Bailouts

Brown - Crisis Is Birth Pangs Of A NWO

Brown - Recession Must Not Stop Globalisation

Wall St Investment Banks Vs Commercial Banks

BofA Role In Merrill Bonuses

Bad News, We're Back In '31 - Good, It's Not '33 Yet

UK Corp Cuts Spread - 6,000 Face Axe

Barclays Bullish Despite $16B Credit Hit

Obama To Tighten Wall Street Regulations

Worshipping The Wrong God

Gold Breaks $900 Barrier

Iceland On Brink Of Total Meltdown

Dutch Bank Drops CEO And 7,000 More Jobs

Grim Davos World Economic Summit Due

The 25 People Responsible For The Crash

Toyota Down 25%

Flood Of Foreclosures - Worse Than You Think

Strong Dollar Paying Off For Some Investors

Twenty Questions You Were Afraid To Ask

Hyperinflation Will Begin In China - Doom Dollar

Obama's Team Turns To EU Bank For Inspiration

$2 Trillion Wiped Off Britain's National Wealth

US Car Dealers Try To Survive

'Soviet' Britain Swells Amid Recession

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