Ecomomic Crisis
Daily News and Updates
Friday - October 31, 2008:
- World Tires of Rule by Dollar
- Credit-Default Swaps on US Treasuries Have Risen Nearly 40 Percent Since Bailout Law Signed; Now About the Same as on Mexican and Thai Government Debt
- Amex to cut 7,000 workers
- China, Russia renounce the dollar?
- Harsh storm threatens global economy
- NYAG Cuomo warns nine banks about bonus payments
- U.S. economy shrank in the third quarter
Thursday - October 30, 2008:
- Meet the World’s New Currency the Chinese Yuan
- Egyptians tipped over the edge
- IMF urged to aid Pakistan quickly
- PMs from Shanghai group to discuss global financial crisis
- Rate hopes and bargain hunting lift world stocks
- Sony profit plunges 72 percent on strong yen
- Stocks end mixed in late slide after Fed rate cut
- Tel Aviv Stocks: How Low Can You Get?
- Easy-going Gulf states seen getting hit hard
Wednesday - October 29, 2008:
- Inflation, Deflation or New Nation
- Bargain Hunting Boosts Dow 900 Points
- Hopes rise for rate cuts; U.S. consumers gloomy
- IMF likely to need more money for its bailout fund
- IMF may need to print money as crisis spreads
- White House to banks Start lending now
- Russian Railways issues profit warning for 2008
- Whirlpool To Cut 5,000 Jobs
Tuesday - October 28, 2008:
- Europe and Asia "delay" search for joint effort against financial crisis
- Financial crisis: the challenge now is to save people and the real economy
- Job Losses Buffet U.S. Early, Compounding the Downturn
- Wall Street gains bring relief to London stockmarket
- Rate cuts seen ahead, G7 frets about yen
- Recession fears haunt markets
- Russian economists predict ruble collapse, govt. dismisses fears
- Britain needs 0% rate to avoid depression warns economist
- Senator Predicts “Revolution” If Banks Don’t Lend
- Dr. Doom forecasts depression
- Cost of crash: $2,800,000,000,000
- Wall Street drops to 5-yr lows on economic fear
Monday - October 27, 2008:
- Nouriel Roubini: I fear the worst is yet to come
- Down for the Count
- Fed expected to lead round of rate cuts
- Fed to slash rates as recession looms
- Icelanders march, call on PM to resign after bank collapse
- Recession fears haunt markets
Sunday - October 26, 2008:
- China's Wen calls for 'every means' against crisis
- Asia, Europe close ranks to ease financial crisis
- Crisis could trigger big public transit payments
- Does Anyone Care About a Trillion Dollar Deficit?
- How the financial crisis is affecting America's churches
- Summit leaders- Global teamwork needed to fight crunch
Saturday - October 25, 2008:
- Forecast 2 Years of Deflation, Followed by Raging Inflation
- The U.S. Dollar Death Dance
- Bush to Host World Leaders at Nov. 15 Economic Summit
- Global recession fears intensify, markets dive
- Markets in tailspin
- Chrysler to cut 25 % of salaried work force
- Wall Street layoffs could surge past 200,000
- Recession alarm rings around the world
- Wall Street drops on worries about deep slowdown
- World markets slide on economic growth fears
- Xerox to cut 3,000 jobs in next six months
Friday - October 24, 2008:
- EU President Calls For “Global Governance” To Solve Financial Crisis
- Roubini Says `Panic’ May Force Market Shutdown, Fund Failures
- Argentina pensions the credit crunch claims its biggest victim
- EU warns sink or swim in financial meltdown
- Financial crisis topic of Euro-Asia summit
- IMF ready to help many nations
- Job cuts, auto woes deepen global recession fears
- Job Losses Accelerate, Signaling Deeper Distress
- Banks borrow record amount from Fed
- Real Estate Home Prices Falling Around the World
- Shekel Suffers Dizzying Woes, Where It Stops No One Knows
- TASE closes with mixed results as Bar-On vows to combat downturn
- US foreclosure filings up 71 percent in 3Q
- World Stock Markets Show Jitters
- WSJ: Banks may see record credit card losses
Thursday - October 23, 2008:
- British prime minister- recession likely in UK
- China calls for cooperation on financial crisis
- IMF warns of European recession
- Jordanians hit by mass financial scam
- Lifeline for Automakers Dangles Just Out of Reach
- Monthly job losses cut across 41 states
- Stocks slide deepens; emerging markets hammered
- Stocks tumble on worries about earnings forecasts
Wednesday - October 22, 2008:
- At last, Bank chief admits it really is a recession
- Fed aids money markets; Wall Street falls
- Kremlin announces extra measures to support economy
- Regional banks' results hurt by credit crisis
- Tax Rebates Looking Less Likely For Stimulus Bill
- Sol Sanders: Correcting the spinners U.S. government interference was root cause of global crisis
- Yahoo slashes 10% of workforce, or more than 1500 heads
Tuesday - October 21, 2008:
- Biden Predicts “International Crisis” Within First 6 Months Of Obama Presidency
- Spend Baby Spend U.S. Budget Deficit to Soar Again
- Globalists Exploit Financial Meltdown In Move Towards One World Currency
- Nasdaq Could Sink to 1,108 as Bear Accelerates Analyst
- Economics Public finances slump to record deficit
- European markets all open strongly
- German cabinet agrees conditions for bank rescues
- Interbank lending, stimulus provide hope in crisis
- Mortgage lending slumps 42% in a year
- U.N. agency says crisis to cost 20 million jobs
- U.S. Treasury official says situation grim report
Monday - October 20, 2008:
- Banks may be safe, but what about us.
- Confidence at record low as slump looms.
- ING bank accepts €10bn Dutch cash injection.
- ECB’s Nowotny Sees Global `Tri-Polar’ Currency System Evolving
Sunday - October 19, 2008:
- Bush to host financial summit
- Bush to meet Sarkozy, EU leader on reforms
- Bush, Sarkozy to meet as signs of recession mount
- European leaders press for new economic order
- Fallout from financial crisis hammers housing
- Political Rivals Take Aim at Brown as His Political Stature Rises
- European leaders press for new economic order
- Sarkozy Calls for Revamping of Capitalist System
- Sell-Offs Hurting Emerging Markets
- The debt bomb
- Wall Street bankers in line for $70bn payout
Saturday - October 18, 2008:
- Bush, Sarkozy to meet as signs of recession mount
- French bank loses 600 million euros in bad trades
- Recession Fears Grip Stock Markets in Europe, Asia
- Sarkozy Calls for Revamping of Capitalist System
- Swiss Back Up Banks With Aid, Guarantees
- World financial crisis may put 4,000 Israeli jobs on the line
Friday - October 17, 2008:
- Europe extends global market losses
- FTSE Plunges As Fear Grips Markets
- Plans to log every call and email in Britain is a ‘Big Brother nightmare’, warns Government’s own anti-terrorism watchdog
- G-8 Nations Plan Summit On Global Financial Rules
- Credit Cards May Be Next Trouble Spot in Crisis
- Lower Credit-Card Limits Hit Holiday Shopping
- Mortgage rate increases only temporary
- U_S_ industrial output posts biggest fall in 34 years
- Philly Fed Oct factory activity crashes
- European Stocks Fall on Economy Concern; Rio, Barclays Drop
- Swiss banks raise emergency funds to fight crisis
- Worries over economy spread; global markets sink
- Contagion saps Hungary's strength
- Greenberg invokes his Fifth Amendment right
- US reports grim economic outlook, EU vows action
- Market ends sharply higher on bargain hunting and oil
- Citi posts another loss, still wants to buy a bank
- Merrill wealth unit shows signs of weakness
- Swiss National Bank Takes $60B in Troubled UBS Assets
- Hirsh Make Big Banks Pay for Financial Crash Newsweek Voices - Michael Hirsh
- Russia's RTS closes trading with share prices sharply down
© Laymanswatch.com, 2008
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