Wednesday, July 15, 2009

More economic issues

Obama sees jobless rate ticking up in months ahead...


UK: House prices will stay in the doldrums for years, report predicts: Britain's housing market will stay in the doldrums until the middle of the next decade, and there is a 30% chance that prices will take until 2020 to return to their peak before the crash, a consultancy firm predicts.

Goldman Sachs bank profits soar: The bumper profits at Goldman Sachs come just nine months after $125bn was given to US banks

Goldman Sachs execs sold $700m of stock: report: Most of the sales, worth 431 million pounds or 500 million euros, occurred when the firm enjoyed the support of 10 billion dollars in US government capital injections, the London-based newspaper said.

Uncle Sam is $1 trillion in the hole: Federal budget deficit rises by $94.3 billion in June, pushing the total shortfall for the current fiscal year to $1.09 trillion.

US invites Gulf Arab investment: Speaking in the Saudi port city of Jeddah on Tuesday, Timothy Geithner invited greater Arab investment in the US economy, saying that previous blocks to such investment were now no longer an issue.

Obama's Stimulus Plan: Failing by Its Own Measure: When Barack Obama was still President-elect, two of his chief economic advisers — leading proponents of a stimulus bill — predicted that the passage of a large economic-aid package would boost the economy and keep the unemployment rate below 8%. It hasn't quite worked out that way. Last month, the jobless rate in the U.S. hit 9.5%, the highest level it has reached since 1983.

Geithner - Recession Will End In Months (Letter To Santa)

Goldman Sachs Head To Best Profits Since 2007

Goldman Executives Dumped $700m Of Stock

Madoff Moving To North Carolina Jail

UK Cost Of Living Biggest Drop Since 1948

Britain Finds Itself In Debtors' Prison

BoE Double-Dip Recession Fears

12,000 UK Postal Workers To Strike

Banksters Raise Rates In Mortgage Rip-Off Sheme

US Jobless Rise Hits Migrants Home Countries

Iraq Offers Half Of Nabucco Pipeline Gas

China Widens Rio Spy Probe

McDonald's Euro Head Office To Switzerland

China And Markets Play Inflationary Chicken

Federal Deficit Tops $1 Trillion, $2 Trillion By Fall

CA Bankruptcy May Give US Big Trouble

Barky May Tax Rich To Pay For Healthcare

CA Poised To Shut Down Parks

Goldman Results May Signal Return Of Big Pay

Europe Digs Its Economic Grave

Pensions Experts Predict 'Horrific News' On Funds

UK Govt Has Lost £10.9b On RBS And Lloyds

£1,000 Loss Per Household For Bank Bailouts

Britons To Be Poorer In Coming Decades

Penniless And Bankrupt...California Issues IOUs

Major Banks Refuse California IOUs

Obama's 'Cures' May Kill Any 'Recovery'

UK Can't Afford Another Fiscal Rescue

Lloyds Braced For £13b Loss

Goldman Bankers Defy Gloom With Bonus Bonanza

53rd US Bank Failure This Year

Oil Drops Below $60

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