Wednesday, February 11, 2009

More economic issues


CEOS DEFEND
Wall Street falls on Geithner announcement...

'WE ARE NOT GOING TO PUT OUT DETAILS, UNTIL WE GET IT RIGHT'...



'We will have to try things we've never tried before'...

Access to government resources is privilege not right...

California's Pain Only Beginning; Cuts to Parks, Schools and Roads...

Economic stimulus bill passes crucial Senate test: The vote late Monday was 61-36, one more than the 60 needed. The $827 billion bill is expected to pass the Senate on Tuesday.

New Bailout May Top $1.5 Trillion: The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a three-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly more, lawmakers and other officials said.

Dollar, Yen Rise as Geithner’s Plan Spurs Demand for Haven: The dollar and yen rose versus most of their major counterparts on bets Treasury Secretary Timothy Geithner’s financial recovery plan will fall short of reviving lending, increasing demand for a haven.

Key to success in the big bank bailout? Let 'em fail: One need not be a threat to the global financial system or be “too big to fail” in order to qualify for a handout. Just ask the lucky management of Flagstar Bancorp of Michigan, who, by sheer ineptitude in real estate deals, drove their company to the brink of collapse and their stock price down 97 per cent, and who were rewarded the other day with a $267-million (U.S.) cheque from Uncle Sam.

RBS to axe 2,300 jobs.. but still plans to pay out £1bn in bonuses to bankers

IBM Offers To Move Laid Off Workers To India: The climate is warm, there's no shortage of exotic food, and the cost of living is rock bottom. That's IBM (NYSE: IBM)'s pitch to the laid-off American workers it's offering to place in India. The catch: Wages in the country are pennies-on-the-dollar compared to U.S. salaries.

U.S. judges seek massive California prisoner release: Federal judges on Monday tentatively ordered California to release tens of thousands of inmates, up to a third of all prisoners, in the next three years to stop dangerous overcrowding.

$5 Trillion Run On Banks

Engdahl - 2 Years Recession Or 10 Years Of Hell - Vid

Wholesale Inventories Plunge Most In 17 Yrs

Brown Wants World Power For World Bank, IMF

Barky Says 'Full-Blown' Crisis - Asian Shares Fall

Barky Plans 'Aggregator Bank' For Toxic Assets

Failed Bank Bosses To MPs - 'We're Sorry'

Banksters Need Bonuses

State-Owned Banks Sued Over Bonus Denial

HBOS Sacked, Gagged Bank Whistleblower

Bullion Sales Record In Rush To Safety

New OPEC Threats To Cut Production

Japan Faces 'Unimaginable' Contraction

50% China's Toy Factories Close Down

UBS $22B Loss - Cuts Another 2,000 Jobs

Air Freight Drops - Global Economy Freezes

Europe Ambushes Germany On Debt Bailout

EU Tensions Over French Auto Bailout

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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