Thursday, January 29, 2009

More economic issues

Divided House passes economic package...
Limbaugh: My Bipartisan Stimulus...

Postmaster Gen'l: Mail delivery may need to be cut...



'American consumer can no longer act as motor of global economy'...

'Obama must implement radical and comprehensive set of policies'...

Tax Refunds Now on Hold in California...

UPDATE: STARBUCKS to cut 6,700 jobs amid falling sales; Coffee retailer to sell executive jets...

Too Big to Fail, Too Big to Jail

By Amy Goodman

Without thorough, aggressive, public investigations of the full spectrum of crimes alleged of the Bush administration, there will be no accountability, and the complete record of this chapter of U.S. history will never be written. Continue

Astonishing Incongruities

Is It Time to Bail Out of the US?

By Paul Craig Roberts

How can President Obama even think about fighting wars half way around the world while California cannot pay its bills, while Americans are being turned out of their homes, while, as Business Week reports, retirees will work throughout their retirement (which assumes that there will be jobs), while careers are being destroyed and stores and factories shuttered.

Putin calls financial crisis a 'perfect storm': Putin refrained from blaming the United States for the crisis - but pointed out that just a year ago at Davos American delegates emphasized the U.S. economy's fundamental stability.

Economic crisis to claim 51 Million jobs: The economic downturn could result in the loss of up to 51 million jobs worldwide by the end of this year, a UN agency has predicted.

Financial crisis hangs over Davos: The World Economic Forum has got under way in Davos, Switzerland, as the international monetary fund slashed its economic growth forecasts, predicting the severe financial crisis would brake global growth to the slowest pace in six decades.

Rioting Greeks, angry Germans and why the euro may well collapse: The Brussels elite are pretending the question does not arise, but the financial world knows the question is there, hanging over the entire European Union economy: is the single European currency going to break apart?

Europe's winter of discontent: Thursday's French national strike reflects growing despair on the Continent with the way governments are handling the recession, says Adrian Michaels.

Boeing to cut 10,000 jobs: Plane maker announces an additional 5,500 job cuts as demand for new aircraft is expected to remain weak.

How top financiers paid themselves £1bn before the wheels fell off: A dozen senior bankers whose influence has shaped the financial world gave themselves pay awards valued at more than £1bn before the credit crunch spectacularly exposed the fragility of the profits they appeared to have secured for shareholders.

Fed Fails To Rehab The US Banking System - Vid

The Ugly Truth - The US Economy Is Not Coming Back

US Economic Crisis - Carter Redux

More Bailout Insanity Coming

Russian Stability Threatened By Economy

China Feels The Heat At Davos

Davos - 'Don't Shun Bankers' (Right)

Men Who Made $2B In Bank Bailout

UK MPs - Hedge Funds Cash In On Misery

US Economy Spiraling Down And Down

UK Needs $40B A Year To Repair Finances

One Law For Taxman, Another For Tax Payers

Beware The Rise Of Protectionism

The New Rule Book For Capitalism

Canada To Unveil Stimulus Package

Germany To Create 'bad banks'

Pending Collapse Of Capital Flows

Millions Of Chinese To Lose Jobs

Monetary Velocity Explained

Bank Bailout Could Cost Four Trillion

World Recession Claims 80,000 Jobs In A Day

Iceland's Government Collapses

France Mass Strikes Protest Sarko Reforms

IMF, World Bank Call For Global Stimulus

Paulson Reaps $400M 'Shorting' RBS

Japan Offers $16.7B Troubled Firms

IMF Pressures China's Yuan

Brown's Tonic For Big Pharma

Fuld 'sold' $14m mansion to wife for $100

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

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