COLD WELCOME FOR PRESIDENT
Worst Inauguration Day Drop in Dow Industrial History...
UK faces 'possibility of national bankruptcy'...
Oil Declines Below $33...
What Obama Left Out of the Economic Recovery Plan
Higher Wages and Debt Relief
By Mike Whitney
Barak Obama and Co. are planning to launch their own version of economic "shock and awe" in the opening weeks of the new administration. Aside from the $825 billion stimulus package, which will be used to create 3 million new jobs and make up for flagging consumer demand; Obama is planning a financial rescue operation for banks that are buried under hundreds of billions of dollars of troubled assets. Continue
Back to What Obama Must Do
By: Paul Krugman
This month we celebrate your arrival in the White House; at a time of great national crisis, you bring the hope of a better future. It's now up to you to deliver on that hope. By enacting a recovery plan even bolder and more comprehensive than the New Deal, you can not only turn the economy around - you can put America on a path toward greater equality for generations to come. Continue
Warning that UK is on brink of depression: Sir George Mathewson, a former chairman of the Royal Bank of Scotland and chairman of the Scottish Government's economic advisory council, said that economic conditions would worsen.
Unless we are decisive Britain faces bankruptcy: Our financial institutions are fighting for their lives and the Treasury may not be able to bail them out. The government needs to get serious to avert meltdown
The Stimulus Scam: Video - Peter Schiff says consumers need to spend less, not more.
California controller to suspend tax refunds, welfare checks, student grants: John Chiang announces that his office will suspend $3.7 billion in payments owed to Californians starting Feb. 1, because with no budget in place the state lacks sufficient cash to pay its bills.
Banks Sink Deeper On Obama's First Day
Bank Worries Push Dow Below 8000
RBS Shares Dive 67% Nationalization Looms
Lloyds Slumps 47% As Investors Flee
Public Anger At 'Irresponsible' Banks
UK Experts - 2nd Bank Bailout May Fail
2nd UK Bank Bailout 'Plainly Not Enough'
No comments:
Post a Comment