Ecomomic Crisis
Daily News and Updates
Saturday - April 30, 2011:
- Gold jumps 2 percent to set record high for third day
- Belarus runs out of imported goods
- Spain's jobless rate tops 21% as all major sectors lose jobs
- RIM cuts Q1 forecasts, stock slumps
- Samsung sees tough outlook, Q1 hits 2-yr low on TVs
Friday - April 29, 2011:
- Banks are misleading public about how much they are lending, warns Cable
- Ben Bernanke goes on record to warn US deficit 'not sustainable'
- Panasonic to axe thousands of jobs, close dozens of plants
- Some LA workers face furlough days
- UK consumer confidence slumps
- Wal-Mart shoppers running out of money
Thursday - April 28, 2011:
- An additional 64 million poor in Asia this year
- Bernanke signals no rush to reverse stimulus
- Britain escapes a double dip... just
- Greek, Portuguese deficits overshoot targets
- Gasoline shortages persist in Russia, prices rise
- Nokia axes 7,000 jobs to slash costs
- Sacramento loses 14,600 jobs, worst drop in any metro area
Wednesday - April 27, 2011:
- The Age of America ends in 2016: IMF predicts the year China's economy will surpass U.S.
- 25 signs U.S. is in economic decline
- Commentary: Big Gnome Financial situation can't last
- Dollar falls to new low as markets await Fed's next move
- Gasoline crisis looms in Russia as international prices rise
Tuesday - April 26, 2011:
- Banker: China should reduce FX reserves
- China must watch for rising U.S. Treasury yields researcher
- Russian pyramid mastermind Mavrodi pledges to destroy global financial system - Video
- Some signs of life in housing, credit drought goes on
- Volatile silver cuts early gain toward 1980 record
- Welfare state is in a skid
Monday - April 25, 2011:
Nothing to report this morning.
Sunday - April 24, 2011:
Nothing to report this morning.
Saturday - April 23, 2011:
- Fear, uncertainty driving gold rush
- Gold soars to record in sixth straight session
- Debt will hit £84,000 a family in four years as mortgages and credit cards push borrowing to record levels
Friday - April 22, 2011:
- Can BRICS soften dollar crisis?
- Dollar at three-year low, gold on hot streak
- Gold hits record for fifth session, dollar tumbles
- Morgan Stanley profit drops nearly 50 percent
- S&P going easy on the U.S.?
- The last straw for British taxpayers: £400 per family demanded by EU
Thursday - April 21, 2011:
- China Urges US to Protect Creditors After S&P Warning
- Financial System Riskier, Next Bailout Will Be Costlier, S&P Says
- Gold hits all-time high of $1,500 an ounce
- Divided EU Parliament tightens measures on economic governance
- Euro zone hit by Greek debt fears, aid backlash
- Toyota making drastic production cuts after Japan quake, tsunami
- True Finns see Portugal bailout opposition growing
Wednesday - April 20, 2011:
- Commentary: Chinese takeaway
- China’s economy could implode by 2013
- FTSE falls 2 per cent after U.S. warned over its budget deficit
- Finnish Eurosceptics' election win could halt Portugal's £70bn rescue package
- With much at stake, Asia voices confidence in U.S. debt
- BRICS Make Move to Shove Dollar Aside
- World Bank: 'Act now' to support Mideast
Tuesday - April 19, 2011:
- World Bank president: 'One shock away from crisis'
- Citi profit sags as revenue shrinks, expenses grow
- Phone workers facing the axe told: 'You can move to the Philippines... and it includes a RICE allowance'
Monday - April 18, 2011:
- China raises bank reserves again
- Gov. Scott Walker Reportedly Planning Financial Martial Law In Wisconsin
- Prices soar for 'king of fruits'
Sunday - April 17, 2011:
- CHINA: Beijing, housing market collapses down 50% in one year
- Councils slashing free adult social care
- Eurozone crisis as Ireland's credit rating cut again over economy
- IMF countries try to bridge economic policy rift
- Low revenues, Detroit may close libraries
- Medicaid change States in 'straitjacket'
- New York court system to lay-off up to 500 employees: union
- Obama blows up the bridge
- U.S. bank failure tally hits 34
- Uruguay battles inflation as peso soars, putting exports at risk
- World finance chiefs chastise U.S. on budget gap
Saturday - April 16, 2011:
- Bank of America quarterly profit drops 39%
- BofA profit drops as foreclosure delays hurt bank
- China’s economy taking off, so is inflation
- Detroit sends layoff notices to all public teachers
- Food, gas and rent push consumer prices higher
- Government California lawmakers stripped of state cars
- U.S. inflation contained, bucks global price trend
Friday - April 15, 2011:
- BRICS challenging Western economic and political governance over the world
- Core producer prices, jobless claims rise Reuters
Thursday - April 14, 2011:
- Banks face $3.6 trillion wall of maturing debt IMF
- IMF warns that Europe's debt problems are risk to financial stability
- Cisco kills Flip camera in first revamp step
- Greece, Ireland and Portugal must quit the euro
- HISD makes way for downsizing, layoffs
- (WA) Senate budget cuts teacher pay, raises tuition
- Trade data shows growth headwinds
Wednesday - April 13, 2011:
- PIMCO bets against U.S. government debt
- Allied Irish Banks to axe more than 2,000 jobs after posting £9.2bn loss
- Canary Wharf's Citigroup tower to be sold for £1bn to pay off Irish property developer's debts
- High street suffers worst sales slump on record as families make drastic spending cuts
- London Ambulance Service to cut 890 jobs
- Outside View: Gas prices, consumers and the economy
Tuesday - April 12, 2011:
- Lloyds told to sell more branches by banking commission
- 'Mortgages to soar and interest rates to quadruple in a year’
- Sharp suspends two TV panel plants as demand tumbles
Monday - April 11, 2011:
- China posts 1st quarterly trade deficit since 2004
- In Belarus, currency crisis pushes economy from troubled to dire
- We've never had it so bad: Families' financial squeeze is worst in 90 years
Sunday - April 10, 2011:
- Commodities: Gold and silver fever grips investors
- The nation's $75 trillion problem - inflation nightmares
Saturday - April 9, 2011:
- Aid is certain to be a casualty of US federal budget cuts
- Britain's £6bn bill to bail out Portugal... and will Spain be next?
- Portugal bailout terms must be strict, EU finance ministers warn
- Cost of national debt to each family is a staggering £138,360
- Inflation Worries Send Gold To New Record High
- Out-of-town shopping malls suffer as fuel price deters shoppers
- Blackout hits most Venezuelan states
- Wells Fargo cuts 1,900 jobs as refinancings slow
- The trouble with trillions
- Food Prices Begin to Fall
Friday - April 8, 2011:
- Interest rates held at 0.5% again, spelling more misery for savers
- UK faces £6bn bill for Portugal rescue after failed austerity measures cause irreparable damage to economy
- Iran weighs wiping zeros off the Rial in war on inflation
- Spain rules out becoming bailout victim after Portugal succumbs
Thursday - April 7, 2011:
- As Interest Rates Soar Portugal Faces Diminishing Alternatives
- Portuguese government debt auction raises the stakes for bailout
- Economic growth slowing in Asia as inflation fears rattle China
- Banks near to signing foreclosure pact
- Black Wednesday for British industry: Biggest fall in production for 18 months as car sales drop 7.9%
- Geithner Says Failure to Raise Debt Limit Would Make Recent Financial Crisis Look Modest In Comparison
- Gov. Corbett proposes 4 percent pay cut to state's largest employee union
Wednesday - April 6, 2011:
- China ups rates 4th time since October
- Greece readies fresh round of austerity worth €25bn
- Government shutdown looms despite Obama's intervention
- 'Hyperinflationary great depression' ahead for U.S.
- Inflation inflicting pain, as wages fail to keep pace with price hikes
- Oil Rises to 30-Month High on Libya Conflct; Kuwait Says Price Is Too High
- Will Bretton Woods shock U.S. economy?
Tuesday - April 5, 2011:
- ECB expected to hike interest rate this week
- 'Historic buildings could be at risk as councils sell them or abandon them to cope with budget cuts'
- Fall in clothes sales at M&S adds to high street gloom
Monday - April 4, 2011:
- Budget Fight Looming on Medicare and Government’s Size
- House GOP budget to call for big changes to Medicare, Medicaid
- Feds becoming biggest part of 'state' budgets
Sunday - April 3, 2011:
- Arizona lawmakers approve $1.1 billion in budget cuts
- House GOP passes 'force of law' spending bill mocked by Dems
- Ireland taxpayers carry $34B bank bail-out, senior creditors avoid hit
- Canada closes 3 border crossings
Saturday - April 2, 2011:
- Euro turmoil over £21bn black hole in Ireland's banks
Friday - April 1, 2011:
- Divisions on global monetary reform exposed at China G20
- Geithner inflexible currencies are biggest monetary problem
- Ireland's Black Thursday banking sector's black hole to be revealed
- Bank raises alarm on mortgage bills after shock rise in defaults
- Ohio legislature passes bill curbing union rights
Archives --
March 2011
February 2011
January 2011
December 2010
November 2010
October 2010
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May 2010
April 2010
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December 2009
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October 2009
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October 2008
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