PAPER: Stimulus? Economists say no...
ABCNEWS: CATERPILLAR CEO contradicts Obama: 'We're going to have more layoffs before we start hiring again'...
The Recovery Plan From Hell
What Wall Street Wants
By Michael Hudson
Tuesday’s announcement of the Obama-Geithner recovery plan is basically an extension of the Bush-Paulson plan – yet more giveaways to financial insiders, with a view to concentrating the U.S. banking system into a cartel of just a few large banks. Continue
Fixing the Economy: Of Fences and Futures
By Robert Freeman
To attract the money to run the government, the Treasury will have to raise interest rates on government bonds to stratospheric levels. This will kill off any possible recovery, consigning the U.S. economy to a self-reinforcing downward spiral of insufficient demand, inadequate investment, crumbling infrastructure, declining productivity, and competitive obsolescence. Continue
Mafia millions buoying banks: UN : Cash-rich Mafia groups have been channelling funds into banks desperate to survive the global credit crisis, the UN anti-crime chief said on Monday.
China exports continue to plunge: China's exports plunged by a massive 17.5 per cent in January, the biggest year-on-year decline in more than a decade and threatening more job losses in an already slowing economy
France: Aid does not break EU rules: Paris defends loans to car industry as Peugeot-Citroen says it will cut 11,000 jobs.
GM to cut 10,000 jobs: Most remaining US staff will see pay cuts of between 3 and 7 per cent for the year while executive pay would be cut by 10 per cent, GM said..
Where Do Gold ETFs Get Bullion From?
'People Really Hate You' US Bankers Told
700 Merrill Execs Get $1M Plus Bonuses
Econ & Finan Systems Deliberately Destabilized
UK Bankers Rewarded By Brown, Blair
BoE - UK Economy May Shrink 6%
BoE To Print Money - UK 'Deep Recession'
S Korea Cuts Interest Rates To 2%
France Puts Limits On Bank Bonuses
After Huge Profits, Big Oil Wants Tax Breaks
Deluge Of Financial Calamities By Mid-March
The Financial Recovery Plan From Hell
How Popular Anger Grew, 1929 and 2009
House, Senate Agree On 'Stimulus'
Credit Suisse Slides To $5.2B Loss
UK Banking Inquisition Intensifies
Pimco World Econ Crisis 'Second Wave' Due
US Will Default On Debt Or Hyperinflate - Vid
Euro Banks May Need $32 Trillion Bailout
RBS, Morgan Stanley, UBS To Cut 6,500 Jobs
Oil Demand To Fall Fastest Since 1982
China Exports Lowest In A Decade
Engdahl - 2 Years Recession Or 10 Years Of Hell - Vid
Wholesale Inventories Plunge Most In 17 Yrs
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