Wednesday, April 01, 2009

More economic issues


Stocks Rise to End First Quarter; Dow Loses 13% Overall in Period...

Workers say Obama treated autos worse than Wall St...

New GM CEO says more plants could close...

Video: Brawl over lost jobs...

Angry workers besiege French tycoon Pinault in his car... Developing...

USA TODAY Dealt New Losses; Publisher announces sudden retirement...

U-20: Will the Global Economy Resurface?

By Walden Bello

The Group of 20 (G20) is making a big show of getting together to come to grips with the global economic crisis. But here's the problem with the upcoming summit in London on April 2: It's all show. What the show masks is a very deep worry and fear among the global elite that it really doesn't know the direction in which the world economy is heading and the measures needed to stabilize it. Continue

Pentagon war spending hits $685.7 billion: GAO: The spending total equals about 85 percent of the $808 billion that Congress has appropriated for military operations in the global war on terrorism since the September 11 attacks on New York and Washington, the GAO said.

$296 Billion in Overruns in U.S. Weapons Programs: Nearly 70 percent of the Pentagon’s 96 largest weapons programs were over budget last year, for a combined total of $296 billion more than the original estimates, a Congressional auditing agency reported Monday.

Russia backs return to Gold Standard to solve financial crisis: Russia has become the first major country to call for a partial restoration of the Gold Standard to uphold discipline in the world financial system.

UK: Demonstrate at the G20 on 1 April: The leaders of the world’s big powers will meet at the G20 summit in London on 2 April. It is Barack Obama’s first visit to Britain. It is our chance to demand a change from Bush’s war policies.

Hundreds of French workers take bosses hostage: Hundreds of French workers, angry about proposed layoffs at a Caterpillar factory, were holding executives of the company hostage Tuesday, a spokesman for the workers said.

Home Prices in 20 U.S. Cities Fell by a Record 19%: The S&P/Case-Shiller index’s decrease was more than forecast and compares with an 18.6 percent decrease in December. The gauge has fallen every month since January 2007, and year- over-year records began in 2001.

Banks Starting to Walk Away on Foreclosures : Banks are quietly declining to take possession of properties at the end of the foreclosure process, most often because the cost of the ordeal — from legal fees to maintenance — exceeds the diminishing value of the real estate.

Government website now offers 'suicide warning signs' for victims of recession: When the government starts warning you not to commit suicide, you know things have gotten bad.

Judge Must Release Woman Sentenced to Jail for Being Poor, ACLU Says in Court Papers: The American Civil Liberties Union of Michigan asked for an emergency hearing today on behalf of an Escanaba woman sentenced to 30 days in jail because she is too poor to reimburse the court for her son’s stay in a juvenile detention facility.

China's Empty Dollar Threat

UK - No More Money To Put Into Economy

Rich Investors Sue Queen's Bankers

It's Time For Banks To Bow To Govt

BoE - Interest Rates To Soar

Banks Demand Homes As Biz Loan Security

Global Economy Set For Record Fall In 2009

Surge In Global Unemployment Due

Japanese Unemployment Hits 3 Year High

German Joblessness Rises Sharply In March

Crude Oil Price Collapse See Industry Consolidation

Japan Unveils New Stimulus Plans

China And Argentina In Currency Swap

Australians Predict Recession

Brown - Thinking Positively About Monetary Policy

GM CEO Gets $23M Estimated Pension

Peering Into The Abyss - Peter Schiff

Alarming News - Bank Losses Spreading

GM And Chrysler Failing To Recover

Farmers To Cut Back On US Planting

Russia Backs Return To Gold Standard

UK May Launch Criminal Probe Into RBS

Obama Calls On Banksters To Sacrifice On Pay

UK Bank, Finance Firms To Axe 30,000 Jobs

Greenspan - 'Equities Show Us Way To Recovery' (huh?)

Fresh Flight >From Risk Hits Global Equities

Shares Slide As Global Bull Run Fades

GM Needs More Radical Surgery Than GM Loss

Car Industry Fears Send Markets Into Reverse

GM CEO Resigns Under Obama's Pressure

The Anger Building As G20 Meets In London

Only United G20 Can Save World From Ruin

Hedge Funds Vow To Fight As G20 Gathers

35,000 Pack G20 March

Germans Wreck Global 'New Deal'

The Problem Is Not Bankers - It's Society

Tax Havens Batten Down - Hurricane Looms

Geithner - Regulation Of Hedge Funds, Derivatives

Global Currency Gains Ground

Recession Slays East European Tigers

UK Supermarket To Open Bank Branches

The Federal Reserve - Jewish Private Bankers

G20 Activists - Why We Are Protesting

Fears Cop Tactics Will Cause G20 Violence

G20 Protesters Expect Agent Provocateurs

G20 - Seven Hours To Save The World

Merkel Warns Against Further Stimulus

The Dance Of The Trillions

The Day The Dollar Falls - Vid

Liquidator Finds $2.6 Billion For Madoff Claimants

Cook - Credit As A Public Utility

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