Saturday, April 25, 2009

More economic troubles.

R.I.P.: GM to pull the plug on Pontiac...
FORD cheers world markets with lower cash burn!

Key Dem: 'Nobody in this country realizes that cap and trade is a tax, and it's a great big one'...

IMF predicts world recession will deepen: The International Monetary Fund has slashed growth forecasts for every major country and urged governments to take forceful action to ensure the world economy's recovery from a severe recession.

GM eyes factory closures as Chapter 11 looms: General Motors is preparing to shut the majority of its US factories for nine weeks over the summer as its chief financial officer (CFO) admitted a bankruptcy filing is "probable

U.S. Said to Seek a Chrysler Plan for Bankruptcy: The Treasury Department is directing Chrysler to prepare a Chapter 11 bankruptcy filing as soon as next week, people with direct knowledge of the talks said Thursday.

Microsoft sales fall for first time in 23 years: Microsoft Corp. said Thursday that declining PC sales hurt revenue, as the software giant reported quarterly sales that fell for the first time in its 23-year history as a public company.

Bank of America 'forced to conceal' Merrill rescue facts: Pressure from Fed and Treasury chiefs to complete purchase of Merrill Lynch despite 'staggering' losses

What Caused The Economic Crisis?

Feds Shut 26th Bank Of The Year

Madoff Investors Must Return 'False Profits'

BoA Chief Told To Buy Merrill Or Lose Job

BoA 'Forced To Hide' Merrill Rescue Facts

GM Eyes Factory Closures As Chapter 11 Nears

Microsoft First Quarterly Revenue Fall In 23 Yrs

Fiat Pursues GM Europe Holdings

China Reveals Huge Rise In Gold Reserves

Germany Faces Civil Unrest & 2nd Banking Crisis

Spain Jobless Total Over 4 Million

Nomura £5B Loss - Probable Job Cuts

Japanese Yakuza Gangsters Hit By Recession

The Crisis Beyond Wall Street

BoJ Governor - US Must Fix Household Debt

UK Economy Slumps 1.9% In 1Q

UK Debt Out Of Control For 23 More YEARS

'Now We Are All Up To Our Ears In It'

Taxes 'Must Rise' By £45B A Year For Budget

Borrowing Puts UK AAA Rating In Danger

CC Cos Double Cost Of Cash Withdrawals

UK Car Production Dives 51%

IMF - Global Bank Losses Could Hit $6T

Global Crisis - Is Economics Rational?

Burien - 1+1=2

Facing The Abyss

UK Budget - Banksters Back In Charge

Britain's National Debt At £1.4 Trillion

50% Tax Will Backfire On Britain

UK Recovery Predictions 'Utter Fantasy'

IMF - World Recession Will Deepen

China Vs America - A Visual Comparison

12 Major US Brands Predicted To Disappear

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