Tuesday, May 12, 2009

More economic issues

Despite Stimulus Funds, States to Cut More Jobs...


Deficits soar even with rosy assumptions in new Obama budget...

US to borrow 46 cents for every dollar spent...

Actual U.S. Unemployment: 15.8%

By Frank Ahrens

That U.S. unemployment has hit 13.7 million, pushing the rate to 8.9 percent, tells only half the story of this recession. Continue

China overtakes the US as Brazil's largest trading partner: China has become Brazil's most-important trading partner, disrupting a relationship between the United States and the Latin country that stretches back to the 1930s.

Short Sales: Banks Blocking Way Out Of Foreclosure Crisis: In a time of collapsing real estate values, where one in five homes are now under water, a short sale is increasingly the only option before foreclosure. It is less damaging to credit scores and spares the homeowner the shame of foreclosure.

Estimate of Budget Deficit Now Tops $1.84 Trillion: The economic crisis is already taking a toll on the Obama administration’s new budget projections, adding $90 billion to its already historically high estimates of deficits for both this fiscal year and next.

Money Launderers Put Billions Thru Intl Trade

Chinese Deflation Picks Up Speed

Local UK Govts Lose £2.5 Billion Of Income

China Cuts Lending Amid Asset Bubble Fear

Iceland Seeks EU Accession Talks

Obama Unveils $2 Trillions Healthcare Cuts

Enjoy The 'Rally'...Sucker Punch Coming

Queen's Bank Ran £1bn Tax Dodge

The End Of The Age Of Free

Money Printing Starting To Work Says BoE

Allen Stanford Was 'US Government Informer'

In-House Fraud Cases Surge

Spain Unhappy As Soup Kitchens Spring Up

Stiglitz - 'Green Shoots'? Don't Speak Too Soon

GM Bankruptcy 'Almost Inevitable'

Jews To Blame For Recession -- Say Other Jews

China Passes US As Top Brazil Trade Partner

Jobless Spaniards Sell Kidneys

Rothschild Difference With Madoff

Imminent Global Market Crash To Support Dollar

Global Financial Crisis - How Much Time Left?

Clock Ticking On Dollar And Bond Markets

The Truth About Tax Havens

Real Estate Crash Shifting To Commercial Props

US Unemployment Soars To 8.9%

Banks Block Way Out Of Foreclosure Crisis

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