Thursday, March 12, 2009

More economic issues


Bush Obama issues signing statement on spending bill...
WSJ: Economists Give Obama, Geithner Low Grades...


OUT OF SIGHT!

Feds spending millions on Kennedy legacy in Massachusetts...


BONFIRE OF THE BILLIONAIRES: Bill Gates world's richest as recession shrinks wealth...

Mexico drug lord makes FORBES ranking...

LIST...


Africa 'faces increased poverty': Millions of Africans could be pushed back into poverty and conflict as a result of the global financial crisis, the head of the International Monetary Fund (IMF) has said.

Ireland's economy 'to shrink by 6%': "This is likely to result in an unemployment rate averaging over 11 per cent for the year. However, risks to this outlook remain to the downside."

Worst collapse in UK manufacturing in four decades: The “horrendous” scale of Britain’s industrial recession has been laid bare by figures showing that manufacturing output is declining at the fastest rate since records began more than 40 years ago.

Bank to begin 'printing money' to boost economy: The Bank of England will start pumping newly created money into the economy today by buying £2 billion in gilts as it embarks on "quantitative easing" in an effort to boost the economy.

Seven states post jobless rates above 10 percent: Michigan was saddled with the nation's highest jobless rate in January, 12.5 percent in statistics that were not seasonally adjusted. It had been the only state to rise above 10 percent during the previous month, December 2008.

US companies pull out of retirement contributions: A wave of US companies are suspending payments to their staff 401(k) retirement plans in a bid to cut costs amid the economic downturn.

UBS Has $20.9B (Swiss) Loss

China Hit By Massive Export Drop

India Can't Afford Junk Rating

Toyota Cuts Production

G20 Deal At Risk - US-Europe Rift Grows

Congress Sends $410B Spending Bill To Obama

Greenspan - Fed Could Not Stop Housing Bubble

Dollar Defies Recipe For Currency Collapse

283 US Firms Most Likely To Fail

Ad Slump Leaves UK Local Papers In Crisis

Madoff Lawyer Absorbs Part Of The Rage

Motive Murky In Dirty Bernie Case

Madoff To Plead Guilty - Possible Life Sentence

Stocks Post Best Rally Of 2009

The Federal Reserve Is Bankrupt

AIG Bailout Money Finances Israeli Mortgages!

Billions To AIG To Protect Goldman Sachs/Morgan Stanley

World In 'Great Recession' - IMF

Buffett - Crisis Is 'Economic Pearl Harbor'

G20 Set For Clash Over Solutions

Worst UK Manufacturing Dive In 40 Yrs

French Industrial Production Plunges

Malaysia Unveils $16B Stimulus Package

Japan Bankruptcies Soar By 10%

Chinese Officials Play Down Deflation Fears

RBS To Pump £800M Tax Money Into Pensions

Baby Boomers Going Bust

The $700 Trillion Elephant In The Room




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