Thursday, July 02, 2009

More economic issues


Fuel tax could be replaced with by-the-mile road tax...

States work to stave off government shutdowns...

Feds could seize parks...


Bank Fees Rise as Lenders Try to Offset Losses...

Mortgage applications fall to 7-month low...

Private sector sheds another 473,000 jobs in June...

'Layoffs may be worsening'...

Banks Own The US Government

By Dean Baker

Last month, when the US Congress failed to pass a bankruptcy reform measure that would have allowed home mortgages to be modified in bankruptcy, senator Dick Durbin succinctly commented: "The banks own the place." That seems pretty clear. Continue

GM and Ford suspend Russian plants: General Motors and Ford, the US car manufacturers, have suspended operations on their production lines in Russia.

Citi raises rates on millions of credit cards: report: Citigroup Inc has increased interest rates on up to 15 million U.S. credit card accounts just months before curbs on such rises come into effect, the Financial Times reported citing people close to the situation.

California budget crisis deepens: John Chiang, state controller, could now issue “IOU”-style notes by Thursday to the state's vendors, local agencies overseeing health programmes and recipients of state aid - including the elderly, the disabled and college students.

Hotel Loan Defaults Double as Recession Cuts Travel: As many as one in five U.S. hotel loans may default through 2010 as the recession means companies are spending less on travel and perks, according to University of California economist Kenneth Rosen.

Gannett Laying Off 1,000 as Ad Sales Slide: Gannett, which owns top-selling newspaper USA Today, is laying off more than 1,000 staff to try and combat persistent declines in revenue, the Wall Street Journal reported on Tuesday.

Goldman Sachs The Fourth Branch of the U.S. Government: Best Financial Markets Analysis ArticleQuietly and almost unnoticed by most Americans, the US Federal Government introduced a fourth branch to its political structure in 2006.

One In Five US Hotels May Default

Schiff - Cap & Trade Bill Giant Tax On Productivity - Vid

A Law To Tame Wild Bankers

Banking System Like South Sea Bubble

Lloyds Cuts Another 2,100 Jobs

Economy Shrinks At 1930s Rates

US Private Sector Drops Another 473,000 Jobs

Debt Is Capitalism's Dirty Little Secret

CA Passes BILLIONS In New Taxes!

Goldman Sachs The Fourth Branch of the U.S. Government

Bernanke Is A Total Failure Unsuited For Role As Fed Chairman

How The Fed Is Destroying America

Britain Faces New Recession

UK Economy Shrinking Fastest Rate In 50 Yrs

Where Did Madoff's Missing Billions Go?

Madoff - 'I Believe He Is Protecting Accomplices'

Quantitative Easing Fails To Unblock Banks

OECD Tells UK Cut Spending Or Face Hardship

World Oil Demand Forecast To Slump

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

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