Friday, March 13, 2009

More economic issues


'We have lent a huge amount of money to the U.S.'...

CHINA 'WORRIED' ABOUT SAFETY OF AMERICAN TREASURIES

DIRE EMERGENCY CANCELLED:

Obama Declares: Economic crisis 'not as bad as we think'...

Retail sales not as bad as feared...

Wall St set to extend gains for 4th session...



CITI SHOCKER: KEEP THE MONEY...


Illinois Income Tax May Jump 50%...
UPDATE: Sales of guns, ammo still high; 'Hoarding' of ammunition since Obama election created shortage...

Greek terror group: CITIBANK attacked over crisis...

Haircut Time For Bondholders

By Mike Whitney

When George Soros recently said that the financial system had "effectively disintegrated", it caused quite a flap. But Soros was not exaggerating. The financial system has disintegrated. What we are experiencing now is just the fallout from that event. Continue


Reforming the Global Financial System

Flushing the Parasites

By Nikki Alexander

Why rob just one bank when you can rob the whole nation? And why rob just one country when you can rob them all? Flushing the global economy of this systemic parasite begins with understanding how its debilitating web of debt is manufactured. Continue


In case you missed it

Madoff and Company Spent Nearly $1 Million on Washington Influence

By Lindsay Renick Mayer

The man behind a $50 billion Ponzi scheme that has roiled Wall Street and shaken up the nonprofit world was also a long-time contributor to Democrats, the nonpartisan Center for Responsive Politics has found. Continue

In Congress, UN chief calls US 'deadbeat' donor: A day after his White House meeting with President Barack Obama, U.N. Secretary-General Ban Ki-moon raised congressional hackles by calling the United States a "deadbeat" donor to the world body.

The tax haven scandal must end: Britain's offshore tax havens are central to worldwide tax dodging. We must clean up our financial act

Foreclosure Filings in U.S. Jump 30%, Thwart Prevention Effort: Foreclosure filings in the U.S. climbed 30 percent in February from a year earlier as the worsening economy thwarted efforts by the government and lenders to prevent homeowners from losing property, RealtyTrac Inc. said.

Federal Budget Deficit Reaches $765B In 5 Months : Lower tax revenue and massive government spending on the bank bailout pushed the federal deficit to $765 billion in the first five months of the budget year, well on its way to hitting the Obama administration's projection of a record annual imbalance of $1.75 trillion.

More Companies At Risk of Failing: Moody's, the ratings agency, recently published a list of "bottom rung" companies most likely to default on their debt. The criteria are technical, but the upshot is that a lot of companies are in deep trouble - and the list is getting longer, not shorter.

Courtroom Applauds Decision To Jail Madoff

Freddie Mac Lost $265 Million Every Day

45% Of World's Wealth Destroyed

Japan Confirms Big Drop In GDP

Liechtenstein Eases Bank Secrecy

Brazil Cuts Interest Rate

VW Prepares To Go To Four Day Week

Number Of World Billionaires Slumps By A Third

Dems Draw 2nd 'Stimulus' Bill - $787B Wasn't Enough

US Calls For Tripling Of IMF Firepower

US To Press G20 For Mega Billions

Stanford Invokes The Fifth Amendment

Barky Team 'Hindering' G20 Discussions

BoE Prints £2B More Cash - Where Has It Gone?

UK House Prices Could Dive Another 55%

Banks To Claw Back £27B From Customers

Crime, Corruption And Collapse On Wall Street

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


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