Saturday, March 07, 2009

More economic troubles.

Employment Picture Worsens...
Top House Republican Pushes Spending Freeze...
White House Seeks Economic Advice From 'Twitter' co-founder...

AIG: Billions Dished Out in the Dark

By Robert Scheer

This is crazy! Forget the bleating of Rush Limbaugh; the problem is not with the quite reasonable and, if anything, underfunded stimulus package, which in any case will be debated long and hard in Congress. The problem is with what is not being debated: the far more expensive Wall Street bailout that is being pushed through--as in the case of the latest AIG rescue--in secret, hurried deal-making primarily by the unelected secretary of the treasury and the chairman of the Federal Reserve. Continue

UK: Passports will be needed to buy mobile phones: Everyone who buys a mobile telephone will be forced to register their identity on a national database under government plans to extend massively the powers of state surveillance.

Barack Obama bets the farm in $4 trillion poker game: The President believes he can change US politics for a generation. If he's wrong he could bankrupt the whole country

GM says it will go bust in days without new US bail-out: General Motors today warned it would go bust within 30 days unless the US treasury gives it a further multi-billion dollar loan.

US unemployment hits 25-year high: US unemployment has risen to 8.1 per cent, the highest level since December 1983, according to a US government report.

Record 31.8 million on food stamps: Government shows increase of 700,000 food stamp recipients in a single month.

One in 8 US homeowners late paying or in foreclosure: : About one in eight U.S. homeowners with mortgages, a record share, ended 2008 behind on their loan payments or in the foreclosure process as job losses intensified a housing crisis spawned by lax lending practices, the Mortgage Bankers Association said on Thursday.

Mortgage woes break records again in 4Q: Delinquencies, foreclosures rise to almost 12 percent of US home loans in 4th quarter

Pictured: The credit crunch tent city which has returned to haunt America: Today, tents are once again springing up in the city of Sacramento. But this time it is for people with no hope and no prospects.

Ten Things You Can Do to Stay in Your Home: Every thirteen seconds, an American loses his/her home. In 2008, more than 2.3 million families faced foreclosure. If the government doesn't intervene in a muscular way, an estimated 6 million owners will lose their homes in the next three years.

Jim Cramer Uses CNBC To Manipulate Stocks

Kucinich Bill To Nationalize The Vile Fed - Vid

12.5M Unemployed In The US (More Like 25M?)

Morgan Stanley - Things To Get Worse Than Depression

GM Will Die In Days W/out More Bailout Money

GM's Opel Should Consider Insolvency

Wal-Mart Trading Surge Keeps US Retail Afloat

IMF Wants Global Financial Regulation

ECB Cuts Rates To Record 1.5%

China Crisis As Economy Crumbles

Asian Shares Fall On Bank Concerns

Malaysian Exports In Biggest Fall In 28 Yrs

Peter Schiff On US Dollar Bubble - Vid

Did Madoff Steal Organized Crime Loot?

Food Stamp Soars To Record 31.8 Million People

The Three Ways GE Can Survive

Deutsche Bank - US GDP Down 10% Q1

BoA Bonus Disclosure To Cause 'Grave Harm' (To Crooks)

Citi Shares Now Less Than $1 Each

What's Dead? All Of It

Fed Refuses To Tell Where $2 Trillion Went

Euro Banks Face $2 Trillion Shortage

World's Poor Suffer Most In Credit Crisis

German Engineers See Exports Plunge

BoE Creates £75bn From Thin Air

Bogus British Peer Guilty In $320M Bank Scam

Beer Tax Hikes Cost 20,000 UK Jobs So Far

US Private Sector Loses 697,000 Jobs In Feb

Obama Bid To Stamp Out Tax Havens

Merrill Lynch Execs Subpoenaed Over Bonuses

JPMorgan, Wells Fargo, Bof A Face Ratings Cuts

Brown Appeals Congress To Help Save World

The Much Greater Depression Progresses

8.3 Million US Mortgages Upside Down

47,000 Americans Hiding Assets In UBS

GM Europe - 300,000 Jobs At Risk

German Bankers To Sue Over Bonuses?

Record German Sales With Cash Back Scheme

Australian GDP Shrinks First Time In 8 Yrs

World Bank $2B Loan To Indonesia

China Container Shipments To N America Stalled

Bernanke - More Bailouts For US Banks

Bernanke - Deficit Is The Price Of Growth

Bernanke Anger Over AIG Bailout

Treasury Warns Of Dire State Of US Economy

Arnold Calls For End Of Whining About Crisis

AIG Still Facing Huge Credit Losses

Obama Backs UK On Crisis Co-ordination

UK Food Prices Surge 9%

Brown Warns US Over Protectionism

Hand People Cash, Not Banksters

Been To A Pawnbroker? You Will Soon...

Madoff Called 'Cold-Hearted Control Freak'

Antigua To Take Stanford's Idyllic Island

Ex-RBS Chief To Ride Out Pension Storm Abroad

Bernanke - AIG Operated Like A Hedge Fund

Obama's 'Jewish Inspired' Stimulus Will Not Work

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