Monday, May 18, 2009

More economic issues

Senate Rejects 15% Limit on Credit-Card Interest Rates

By Carl Hulse

The effort by Senator Bernie Sanders, the Vermont independent, drew only 33 votes and needed 60, with a bipartisan group of 60 senators opposing it as the Senate pushed its credit card overhaul toward the finish line. See who voted against capping Credit Card interest rates? Continue

China's yuan 'set to usurp US dollar' as world's reserve currency: The Chinese yuan is preparing to overtake the US dollar as the world's reserve currency, economist Nouriel Roubini has warned.

"The Worst Is Yet to Come": If You're Not Petrified, You're Not Paying Attention

UK repossessions up 50% in a year: The number of homes repossessed in the UK rose to 12,800 in the first three months of the year, the Council of Mortgage Lenders (CML) has said.

Calif. hedge fund manager arrested: —Beverly Hills hedge fund manager Bradley L. Ruderman was arrested Friday on a charge of bilking investors out of $44.3 million, the U.S. attorney's office said.

US Backing For World Currency Stuns Markets

Get Rid Of The Fed - Purge The System

GM To Shut Over A Third Of All Dealerships

GM, Chrysler Dealership Cull To Cost 100,000 Jobs

The Return Of The Bankers Bet

UK Repossessions Rise By 50%

British Expats Leave Spain In Droves

US Prices Fall Most Since 1955

German Slump Drags Europe Down Deeper

It's Going To Get Worse Before It Gets Worse

Exchanges Sense Bonanza In Derivatives Regs

Roubini - Yuan Set As World New Reserve Currency

US To Roll Out Latest Phase In Rescue Plan

German Economy Shrinks 3.8%

Germany Faces £16B Hole In Budget

Gold - A Bargain At $930 An Ounce

I'm Wondering If Things Are Worse Than You Say?

Chrysler Begins Cutting Dealerships Across US

US Calls For OTC Derivatives Regulation

Geithner Seeks To Regulate Derivatives

Who's Overseeing The Fed? - No One! - Vid

US 'Sham' Bank Bailouts Enrich Speculators

GM To Export Cars From China To US US

Green Shoots Wither On Poor US Retail Figures

Bank Chiefs Should Justify Paying Back Tarp

Even BoE Has No Idea What Will Happen

Banks May Need More State Aid - BoE Warns

BT Doubles Job Cuts To 30,000

Allied Irish Bank Chmn Dodges Egg Attack

The IMF Is Hurting Poor Countries

Global Banks Sue MBIA Over Split

Sony Reports Record Losses

Oil Demand Still Declining

Dubai - No 'Green Shoots' In The Desert

Beware Of A Premature Return To 'Normal'

Significance Of Developed GM Food Vaccine

Stock Optimists Should Read Of Great Depression

Roche Ramps Up Production Of Tamiflu

EU Plans Stress Texts For Banks In Europe

Japan's Current Account Surplus Shrinks

Hardship In The City That Bears Toyota's Name

Asian Stock Rally Loses Fizz

Control of Russian venture TNK-BP slips away from BP

Eurozone Industrial Output Plunges

Steel Workers Storm ArcelorMittal HQ

UBS Suggests Gold Could Go To $2,500

Medicare Fund Broke By 2017

GM Shares Lowest Since Great Depression

America Theatens Trade War With China

Intel Fined ¤1bn For Breaking Competition Law

BoE Cuts Growth Forecast

Credit Card Companies Pile On Fees, Raise Rates

Now What Do We Do?

Relaxing After Bank Stress Tests? You Shouldn't

Captains Of Industry Don't Go Down With Ships

Oil Hits Six Month High

Hitachi Posts Record Loss In Japan

Nissan Posts First Loss In Ten Years

Economist Says Govt Had Key Role In Crisis

China's Exports Suffer - Demand Drops

Microsoft Launches First Ever Bond

Krugman Fears Lost Decade For US

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