Wednesday, June 10, 2009

More economic issues


Oil hits 7-month high over $70...

Obama: It's OK to borrow to pay for health care...

Supreme Court clears way for sale of CHRYSLER...

WIRE: Obama Tells American Businesses to Drop Dead...

Fed Retreats: Will Not Sell Own Bills...


Will there be Zimbabwe-type Hyperinflation in the U.S.A.?

By Mike Whitney

The economy is flat on its back and hemorrhaging a half a million jobs per month. The housing market is crashing, retail sales are in a funk, manufacturing is down, exports are falling, and consumers have started saving for the first time in decades.

Credit card delinquency on the rise: Credit card delinquency rates jumped 11% in the first quarter, possibly indicating that consumers are using tax refunds to pay day-to-day expenses, according to a credit reporting agency report released Monday.

U.S. Commercial Mortgage Defaults May Rise to 17-Year High: The default rate on commercial mortgages held by U.S. banks may rise to the highest in 17 years in the fourth quarter as debt for refinancing remains scarce and the recession drags down rents.

Court OKs Chrysler Dropping 789 Dealerships

Fed Hires Enron Flack To Block Scrutiny

Eddie Bauer Filing For Bankruptcy

BoE To Extend 'Quantitative Easing'

Lloyds Confirms £2.5B Bailout Repayment

Lloyds Job Cuts Hit 4,500

UK To Cut Public Spending, Tough Times Due

A New Peoples Bank

British Airways To Cut 2,000 Cabin Crew

Europe Swings Right As Depression Deepens

IMF To Europe - Come Clean On Bank Losses

Rising Deficits Threaten Asian Ratings

Airlines Cut Size Of Spoons To Save Fuel...

Major Airlines Slash Fares To Fill Planes

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