Tuesday, February 10, 2009

More economic issues

Stimulus bill narrowly survives Senate test vote...
AP: Obama has it both ways on pork...
Liberal radio host snags front row seat at press conference...
Obama throws Joe Biden under the bus?
'NATIONAL COORDINATOR OF HEALTH INFORMATION TECHNOLOGY' SLIPPED IN TO STIMULUS...


CRISIS COULD TURN CATASTROPHE



TAXPAYERS RISK $9.7 TRILLION ON BAILOUTS AS SENATE VOTES...


WTO Chief Warns of Looming Political Unrest

By AFP

The global economic crisis could trigger political unrest equal to that seen during the 1930s, the head of the World Trade Organization (WTO) said in a German newspaper interview Saturday. Continue


The Farts Of Compromise

Hacking The Stimulus

By Danny Schechter

“Last month, another 600,000 Americans lost their jobs,” Mr. Obama said. “That is the single worst month of job loss in 35 years. The Department of Labor also adjusted their job loss numbers for 2008 upwards, and now report that we have lost 3.6 million jobs since this recession began.” Continue


The Destructive Center

By Paul Krugman

What do you call someone who eliminates hundreds of thousands of American jobs, deprives millions of adequate health care and nutrition, undermines schools, but offers a $15,000 bonus to affluent people who flip their houses? A proud centrist. Continue

Nissan to slash 20,000 jobs: The third-largest Japanese automaker plans to slash 20,000 jobs worldwide over the next year in the face of the global economic meltdown.

GM, Chrysler May Face Bankruptcy to Protect U.S. Debt: General Motors Corp. and Chrysler LLC may have to be forced into bankruptcy by the U.S. government to assure repayment of $17.4 billion in federal bailout loans, a course of action the automakers claim would destroy them.

Bank to issue grimmest warning yet on economy: Mervyn King will this week present the Bank of England's most pessimistic assessment yet of the outlook for Britain's economy, after a slew of official figures confirming that activity has "fallen off a cliff" since the autumn.

U.S. Delays Finance Plan as Officials Debate Debt : Treasury Secretary Timothy Geithner delayed the announcement of the Obama administration’s financial-recovery plan as officials debated proposals aimed at addressing the toxic debt clogging banks’ balance sheets.

The rise and (almost) fall of America's banks: The federal government -- working without a road map, and without a net -- is putting together a plan to keep U.S. banks from collapsing. Not just to get the banks lending again. To keep them alive.

Wounded banks: Only game left: Banks have become the only game in town for most businesses and consumers looking for loans, and that's why the government is gearing up for what could be the most expensive bank bailout ever.

Where has the U.S. bailout money gone?: Following is an outline of TARP funds spent or pledged so far:

Welfare benefits in danger?: More than 98,000 welfare recipients in San Bernardino County stand to lose their monthly cash benefits as early as March unless the state can cough up the money needed to fund the program

Hidden cost of unemployment benefits: Steve Lippe is a calm, cool sort. After getting sacked, he had the presence of mind to read the fine print about the fees associated with his new Pennsylvania unemployment debit card.

The Truth About Your Income Tax : As the spouse of a working man, often in remote areas and long before you woould find an H&R Block firm within easy driving distance, the job of filing the annual income tax forms fell to me.

GM Investing $1 Billion Stimulus In Brazil!

Global Economy Nears Abyss

IMF Out Of Cash In Six Months

Geithner Delays Overhaul Of US Bank Bailout

SEC To Bury Madoff Case 'By Settlement'

$80M For UK Charities - $1 Trillion For Banks

UK Companies Fear Worst Ahead

Ukraine Pushes For Loans

Rothschild Bank To Advise US On Auto Mess

WTO Chief Warns Of Political Unrest

Chapman - Barky's Stimulus Political Playoff Plan

BoE - Grimmest Warning Yet On Economy

Brown Calls In Top Bank Bosses

Treasury To Pump Billions More Into Banks

Treasury Overpaid $78B To Troubled Banks

Taxpayer To Insure $800B 'Loan' Scheme

MP - 'Bring Back Guillotine For Bankers'

RBS Toxic Loans Boss Paid $80 Million

RBS To Pay Staff $2 Billion In Bonuses!

The Rise And (Almost) Fall Of US Banks

Where Has The US Bailout Money Gone?


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