Tuesday, June 30, 2009

More economic issues

Oil jumps above $73...

Deficit forces California to issue IOUs...

Loophole Benefits GE in Bank Rescue; Industrial Giant Becomes Top Recipient in Debt-Guarantee Program...

I Want My Money Back! (Pres. Obama!)

By Marie Marchand

Betrayal is a part of life. After awhile, you just come to expect it. Yet, the initial shock always hits you as a surprise. Alas, the nature of betrayal. Humans are vulnerable to being betrayed because underneath our husky shells, our pain and hardened hearts, we are soft and trustful creatures. We want to believe in people. Continue

Is the Fed Juicing the Stock Market?

By Mike Whitney

Why has the stock market been on a 3-month tear when the economy is undergoing the worst economic contraction since the Great Depression? The S&P 500 has shot up 40% from its low on March 9 and the Dow Jones Industrials have followed close behind. Is this a typical bear market rally or is the invisible hand of the Fed goosing the markets? Continue

Swiss Banks Shun Americans as U.S. Compels Disclosure: UBS AG and Credit Suisse Group AG, the country’s biggest banks, have told Americans to move their money into specially created units registered in the U.S., or lose their accounts. Smaller private banks such as Geneva-based Mirabaud & Cie. are closing all accounts held by U.S. taxpayers.

Struggling cities cancel Fourth of July fireworks: Nearly 50 cash-strapped cities nationwide are forgoing fireworks festivities, choosing instead to retain jobs or, in the case of Montebello, Calif., give the money to food bank

Veon - Globalization Of World Banking & Regulatory System

US Housing Market Hasn't Hit Bottom

Madoff Gets 150 Years In Prison

Hidden Toxic Bank Assets Threaten Recovery

Financial Crisis - From Chaos To Complacency

Mandelson Rejects BoE Demand For More Power

China Banks An Accident In Waiting For Everyone

Russia Invites Shell Back To Sakhalin

General Motors Bad News Investor Webpage

California...Here We Come! - Buchanan

The Fiat Currency Disease

Double Whammy For US Businesses & Consumers

US Stocks, Dollar Down On China World Currency Call

Bernanke Suffers From Major Selective Memory Loss

China Dumping T Bonds For Gold As US Debt Surges

China Worries As US Prints Dollars On Massive Scale

UK Debt Heads Toward Quadrupling

S&P Warning Shows Out Of Credit

Brown Showing Desperation

It's Happening - They've Won

Regulators Shut 4 More Banks - 44 Failures In 2009

Schultz Paints Bleak Picture Of The Future

Baruch Obama...Local IMF And World Bank Rep

US Stiimulus Goes Into Accounts, Not Tills

Qantas Piles On Pressure As Boeing's Dream Sours

Recession Brings 'Las Vegas Dream' To An End

Iraqi Oil Contracts To Be Auctioned On Live TV

Borrowers Face Repossession Over Unsecured Debts

Billions Extra State Aid For Northern Rock

Benefit Payouts Will Exceed Income Tax Revenue

UK To Name Tax-Avoiding Banks

The Fed - The Ultimate Zombie

China Wants Super-Sovereign Currency

Company Execs Dumping Most Shares Since 2007

Some Citigroup Operations Suspended In Japan

US Consumer Spending Rises, Incomes Up

JP Morgan, Citigroup Expand Jumbo Home Mortgages

Stocks And Dollar Drop On Higher Consumer Savings

The Economic Crime Of Our Time

Renters Hit By Foreclosure Crisis, Too

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