2009 Depression Validated

Headlines for April 16th 2009

U.S. foreclosure filings jump as moratoriums end
www.reuters.com...
finance.yahoo.com...

White House Acts To Aid Hurting Homeowners
www.cbsnews.com...

Trying to defuse the U.S. bank test bomb
www.reuters.com...

WRAPUP 1-S.Korea cuts 2009 export growth target to 51-yr low
www.reuters.com...

Industrial production plunge weighs down single currency
&dist=TQP_Mo d_mktwN]MarketWatch

French state bank CDC makes first loss in 200 yrs
www.reuters.com...

OPEC sees 'devastating contraction' in oil demand
news.yahoo.com...

General Growth Properties Files for Bankruptcy
dealbook.blogs.nytimes.com...
www.reuters.com...
www.bloomberg.com...

LG Display sees TV panel shortage until end-June
www.reuters.com...

French fishermen resume Channel blockade
www.telegraph.co.uk...

SABMiller beer volumes dip as slowdown bites
www.reuters.com...

[edit on 4/16/2009 by Hx3_1963]

reply to post by Hx3_1963


In a depressed world, if one is not depressed, one surely is - be it mentally, emotionally or economically but the root cause is mostly the econ.

U.S. housing starts dive 10.8% in March to 510,000 pace; March permits at record low
&siteid=bnbh]MarketWatc h

Southwest posts loss on weak demand
www.reuters.com...

Harley net falls on restructuring costs
www.reuters.com...

[edit on 4/16/2009 by Hx3_1963]

reply to post by spinkyboo
Star 4 U!!!

Thanks!!!

Yep...Income Tax Day...Lincoln died...Titanic sank...

Come to think of it...depressing...

Jobless claims drop but continued claims at record
www.reuters.com...

When Did Your County's Jobs Disappear?
www.slate.com...

Harley-Davidson to Cut More Jobs as Profit Dips
www.cnbc.com...

Flood of US Debt Threatens To 'Crowd Out' Other Borrowers
www.cnbc.com...

Bank Test Results May Strain Limits Of Bailout Funding
www.washingtonpost.com...

Falling housing starts dampen recovery hopes
www.reuters.com...

Obama launches mortgage rescue plan
money.cnn.com...

World Trade Center Towers May Be Delayed Indefinitely
www.cnbc.com...

UPDATE 1-Hotel group Accor posts 9.6 pct Q1 sales drop
www.reuters.com...

UPDATE 2-Carrefour posts 1st quarterly sales fall in 6 yrs
www.reuters.com...

Best Buy Cuts Wages, Jobs in its Stores
www.cnbc.com...

New York Times cuts sections to save money
www.reuters.com...

Euro Falls on Bets ECB Division to Undermine Economic Recovery
www.bloomberg.com...

UPDATE 2-Last-minute haggling delays vote on EU bank rules
www.reuters.com...

BP Slows Production at Some Refineries as Demand, Profit Margins Decline
www.bloomberg.com...

East Europe's Recession to Deepen, May Cause Rating Downgrades, Fitch Says
www.bloomberg.com...

Ukraine Government, Central Bank Agree on Recapitalization of Seven Banks
www.bloomberg.com...

Ukraine Risks Triggering Defaults With Limits on Hryvnia Trading, BNP Says
www.bloomberg.com...

UniCredit Rating Cut by Fitch on Eastern Europe, Slowdown in Main Markets
www.bloomberg.com...

Austria Not on Brink of Default: Central Bank
www.cnbc.com...

Lebedev Says German Airline Will File for Bankruptcy After License Revoked
www.bloomberg.com...

Canada February Bankruptcies Rise 22 Percent in First Recession Since 1992
www.bloomberg.com...

AbitibiBowater Files Bankruptcy as Refinancing With U.S. Lenders Fails
www.bloomberg.com...

1,500 farmers commit mass suicide in India
www.independent.co.uk...

Sorry, Mom: Mother's Day Spending Seen Down
www.cnbc.com...

The Biggest Holders of US Government Debt
www.cnbc.com...

A 'Copper Standard' for the world's currency system?
www.telegraph.co.uk...

[edit on 4/16/2009 by Hx3_1963]

Originally posted by Hx3_1963

1,500 farmers commit mass suicide in India
www.independent.co.uk...

This article broke my heart. I just saw an amazing film called ONE MAN ONE COW ONE COUNTRY - about an Englishman named Peter Proctor - who is in India turning one farm land at a time into healthy farmland by using organic biodiversity measures - It was necessary to start all over due to the Monsanto and chemically treated diseased soil.
I suppose these folks were getting a chance to finally pull out of the cycle -
It's all seems too well orchestrated for me.

LAYOFF DAILY
Thur 4-16-2009

San Francisco Art Institute -9
MassMutual -65
Southwest Airlines Buyouts
Raleigh Super Kmart -71
Rochester MN Schools -78
Smurfit-Stone -200
Best Buy -1,000
Harley Davidson -300
Reading Hospital -250
CSX Current Tally -2,300
Innovating Converting Closed -11
Chicago Mayor Warns -1,600
Kane County Court -11
\Land O'Lakes Closing Plant -120
PPG -75
City of Mansfield -50
Fred Hutchinson Cancer Center -83
Elyria OH Firefighters -10
Callaway Golf -162
Southfield Schools -150
Leroy-Somer -200
SPX Dielectric -17

TOTAL - 6,750+

and...

Page County VA Unemployment 17.7%
6 Million People Getting Unemployment
Utah Past Year -32,800
Rutgers University Planning Layoffs

General Growth brings more bad news for banks
www.reuters.com...

General Growth filing ups stakes in commercial mortgages
www.reuters.com...

Real Estate Plunge Spreads To Malls
www.cbsnews.com...

World Trade Center rebuild faces decades of delays
www.reuters.com...

GM would require quick bankruptcy: judge
www.reuters.com...

Icahn, Oaktree push for MGM Mirage bankruptcy: report
www.reuters.com...

Wall Street loses 3,100 jobs in March
www.reuters.com...

Fed officials see signs of improvement
www.reuters.com...

Obama Won't Pursue Assault Weapons Ban Now
www.cbsnews.com...

Obama: Mexican Drug War "Sowing Chaos"
www.cbsnews.com...

Mexico drug clash kills 16 ahead of Obama trip
www.reuters.com...

In Mexico, Kidnapping A Persistent Threat
www.cbsnews.com...

Captured Pirate To Face Trial In N.Y.
www.cbsnews.com...

[edit on 4/16/2009 by Hx3_1963]

Headlines for April 17th 2009

ABC: Obama 'Unaware of Tea Parties'
White House out of touch with 'cultural phenomenon' of tax day protests.
www.businessandmedia.org...
www.google.com...

Stiglitz Says White House Ties to Wall Street Doom Bank Rescue
bloomberg.com...

Treasury May Retain Grip on U.S. Banks With Warrants After Share Buybacks
www.bloomberg.com...

Citigroup Accused by Braintree of Selling Disguised Auction Rate Bonds
www.bloomberg.com...

Yellen Signals Fed's Decision to Let Lehman Brothers Fail Was a Mistake
www.bloomberg.com...

Macy's, J.C. Penney Debt Ratings Are Lowered to Junk by Standard & Poor's
www.bloomberg.com...

Japan LDP unveils share price emergency plan
www.reuters.com...

Japan Considers New Fiscal Target After Koizumi Goal Missed, Yosano Says
www.bloomberg.com...

Shirakawa Says Weak Demand at Home Will Hurt Japan Even as Exports Improve
www.bloomberg.com...

Nissan Foresees 17% Drop in European Sales, May Bring Forward New Micra
www.bloomberg.com...

Australia's Budget Growth, Revenue Forecast Will be `Substantially Worse'
www.bloomberg.com...

Territory Resources Studying Acquisition of Second Mine to Supply China
www.bloomberg.com...

Hong Kong's Bankruptcies Increased to Highest Since SARS Epidemic in March
www.bloomberg.com...

Cathay Pacific Cuts Capacity, Implements Unpaid Leave on Plunging Travel
www.bloomberg.com...

Oversupply may bring down Mumbai office rentals
Times of India

Industries Qatar Quarterly Net Drops 68% as Recession Cuts Product Demand
www.bloomberg.com...

Leighton Scraps $1.3 Billion Dubai Airport Venture After Failure of Talks
www.bloomberg.com...

IMF, EU May Approve Wider Budget Deficit for Latvia, Moody's Orchard Says
www.bloomberg.com...

Trichet Faces Biggest Split as ECB President Over Use of New Policy Tools
www.bloomberg.com...

Euro Weakens for Fourth Day; Trichet Says ECB Must Do Everything Possible
www.bloomberg.com...

Credit-Default Swaps Playing a Role in Some Bankruptcy Filings, FT Says
www.bloomberg.com...

Caisse des Depots et Consignations Posts First Loss Since Creation in 1816
www.bloomberg.com...

Danone Sales Miss Estimates as Dairy, Bottled-Water Demand Slows Worldwide
www.bloomberg.com...

Dresden's Job Losses Leave It Reeling as Crisis Kills East German Revival
www.bloomberg.com...

Air Berlin Braces for Strike as Pilots Vote for Walkout to Press Pay Claim
www.bloomberg.com...

CDC Group Says Emerging-Market Private Equity Assets Declined 13% in 2008
www.bloomberg.com...

Royal Bank of Canada to Take $850 Million Second-Quarter Goodwill Charge
www.bloomberg.com...

Vale Says Will Postpone Start-Up of Onca Puma Mine; to Further Cut Output
www.bloomberg.com...

Angolan Central Bank Devalues Its Currency to 79 Per Dollar, Official Says
www.bloomberg.com...

Uganda's Annual Inflation May Increase to 14.1% in June as Shilling Falls
www.bloomberg.com...

Pirate Attacks Threaten Food Aid Shipments for Nations in Africa, UN Says
www.bloomberg.com...

Crude Oil Set for Biggest Weekly Decline Since February on Reduced Demand
www.bloomberg.com...

Some foreclosed homes too damaged to sell
www.cnn.com...

Obama Appointee Wants Radical Newspaper Bailout
www.foxnews.com...

[edit on 4/17/2009 by Hx3_1963]

Celente has been saying it, and now the proof is in the pudding

General Growth Properties Inc, the second-largest U.S. mall owner, declared bankruptcy on Thursday in the biggest real estate failure in U.S. history.

finance.yahoo.com...

TOPWRAP 4-ECB, IMF urge action to ensure 2010 recovery
www.reuters.com...

Treasury Defends Toxic Asset Plan After JPMorgan Opts Out
feeds.foxnews.com...

UPDATE 3-White House to meet with credit card execs-sources
www.reuters.com...

U.S. banks and investors scrap over housing aid plan
www.reuters.com...

Taxes? Experts Say They Must Go Up...
rightwingnews.com...

DEALKTALK-Westfield unlikely to swoop on General Growth's assets
www.reuters.com...

U.S. business worried China stimulus favors locals
www.reuters.com...

Taiwan's Nanya Tech to cut capital by 66.43 pct
www.reuters.com...

Toshiba expects wider group net loss of 350 bil. yen for FY 2008
home.kyodo.co.jp...

Russia may lose hundreds of small banks
article.wn.com...

Banks rejig loan repayments to help job-loss victims
economictimes.indiatimes.com...

Almost one million home owners in negative equity, says CML
www.telegraph.co.uk...

UPDATE 1-Austria EconMin expects weaker GDP than institutes
www.reuters.com...

Sony Ericsson Q1 pretax loss of 358 mln euros
www.reuters.com...

Overnight deposits at ECB fall to 6-1/2-month low
www.reuters.com...

GM union retirees frustrated, angry at bondholders
www.reuters.com...

Southwest faces ‘toughest environment’ yet
www.ft.com...

Google’s 11-year growth spurt ends
FT

Time Warner bondholders agree to let AOL go
www.reuters.com...

UPDATE 1-Media General posts loss; ad sales fall
www.reuters.com...

UPDATE 3-Mattel loss just misses view; more sales pain seen
www.reuters.com...

Mystery Donors Give More Than $45 Million to 9 Schools
www.foxnews.com...

[edit on 4/17/2009 by Hx3_1963]

IMF warns over parallels to Great Depression
www.telegraph.co.uk...

Bernanke Says Crisis Damage Likely to Be Long-Lasting (Update2)
www.bloomberg.com...

Fed first to blame for financial crisis: Kaufman
www.reuters.com...

Fed mulls taking wider array of collateral: source
www.reuters.com...

Geithner to Be Grilled About TARP on Tuesday
www.cnbc.com...

More debt exchanges loom as buyout debt comes due
www.reuters.com...

Credit-Default Swap Sellers Take Beating as Latest Auction Produces Losses
www.bloomberg.com...

Can Citigroup's results be sustained?
www.reuters.com...

Pressure mounts on BofA CEO before annual meeting
www.reuters.com...

Hypo Real Estate Owners Are Given May 4 Deadline to Accept Takeover Offer
www.bloomberg.com...

Failed Bank List:
Great Basin Bank of Nevada, Elko, NV 33824 April 17, 2009
American Sterling Bank, Sugar Creek, MO 8266 April 17, 2009

AIG CEO's Stake In Goldman Raises Conflict Of Interest Questions
www.cbsnews.com...

Chadwick: The Looming Credit Card Crisis
www.cnbc.com...

Foreclosure Filings in U.S. Climbed to Record in First Quarter
www.bloomberg.com...

States With the Highest Unemployment Rates
www.cnbc.com...

Joblessness Reaches 10% in Indiana; Oregon, Washington, West Virginia Jump
www.bloomberg.com...

UPDATE 1-GM CEO warns bankruptcy more probable
www.reuters.com...

GM readies plans for bankruptcy it hopes to avoid
www.reuters.com...

GM readies all-equity offer for debt: sources
www.reuters.com...

Fiat may tie-up with GM in Europe, Latam: report
www.reuters.com...

Dark Day For Chrysler
www.cbsnews.com...

Chrysler's Nardelli Tells Canadian Workers Cuts Must Be Made to Survive
www.bloomberg.com...

Volkswagen First-Quarter Sales Fall 11% on U.S., Audi Declines
www.bloomberg.com...

U.S. `Cash-For-Clunkers' Bill May Be Changed to Cover Cars From Overseas
www.bloomberg.com...

Hard-Hit Town Can't Salvage DHL Jobs
www.cbsnews.com...

UPS, DHL Scrap Airlift Agreement Talks
www.cnbc.com...

Longer Unemployment for Those 45 and Older
www.cnbc.com...

From Six-Figure Salaries To Food Stamps
www.cbsnews.com...

After the Bank Failure Comes the Debt Collector
www.cnbc.com...

New Zealand Inflation Rate Slows to 3% as Recession Curbs Consumer Demand
www.bloomberg.com...

Australia's Budget Growth, Revenue Forecast Will be `Substantially Worse'
www.bloomberg.com...

Japan Says Economy in Severe State, Keeps View Unchanged for Second Month
www.bloomberg.com...

Bank of Japan Cuts Economic View in Seven of Nine Areas on Spending Slump
www.bloomberg.com...

Mitsubishi UFJ Securities Says Business Has Been Hurt by Client Data Theft
www.bloomberg.com...

JFE Steel President Bada Says Five Years May Pass Before Demand Recovers
www.bloomberg.com...

Sumitomo Trust's Full-Year Net Income Falls 94% on Bad Loans to Developers
www.bloomberg.com...

Russia's Richest Lost 73% of Wealth Last Year as Crisis Bit, Forbes Says
www.bloomberg.com...

IMF Mission Proposes Paying Ukraine $2.8 Billion Loan Tranche Next Month
www.bloomberg.com...

Czech Republic May Breach EU's Budget Deficit Ceiling, Central Banker Says
www.bloomberg.com...

Beiersdorf Reports Profit, Revenue Drop on Adhesives Slump; Shares Slide
www.bloomberg.com...

European Exports to Main Trading Partners Slump 27% as Recession Deepens
www.bloomberg.com...

London Will Lose 290,000 Jobs Through 2011 as Finance Shrinks, Agency Says
www.bloomberg.com...

One in Six U.K. Mortgage-Holders May Owe More Than Home is Worth Next Year
www.bloomberg.com...

Spanish Bad-Loans Ratio Surges to 4.18% as Recession Hits Savings Banks
www.bloomberg.com...

Canadian Non-Home Construction Has First Drop Since 2004 in First Quarter
www.bloomberg.com...

Mexico's Industrial Output Tumbles 13.2%, More Than Economists Estimated
www.bloomberg.com...

International Monetary Fund Grants Mexico a $47 Billion Line of Credit
www.bloomberg.com...

S&P Sees Rising Risk to Latin American Companies' Investment-Grade Ratings
www.bloomberg.com...

Congo Police Fire Tear Gas at Striking Workers at Katanga Copper Mine
www.bloomberg.com...

Gold Heads for Fourth Weekly Decline on Inflation Outlook, Equities Rally
www.bloomberg.com...

[edit on 4/18/2009 by Hx3_1963]

LAYOFF DAILY
Fri 4-17-2009

Hallmark Health -150
Citrus County -18
Manufacturer AMT -40
Weyerhauser Closing Facility -75
Garment Co. Goes Bankrupt -120
City of Seattle -30
Carlyle and Co. Closing Plant -90
and Daniels Law Firm -17
Playworld Systems -38
Kirsh Foundry Inc. -60
Lufkin Industries -92
City of North Port -24
Teradyne -350
Ad Agency Doner -100
Howard Kennedy -40
Toshiba -3,900
Boeing -300
Harley Plant Kansas City -70
ABX Air -518
NY Dept. of Corrections -50
Sony Ericsson -2,000
City of Toledo -300
Railroad Workers In Buffalo -400
Marion County OR -25
Weyerhaeuser -66
NATCO -50
Queen Creek -20
Rum Company Furloughs -50
Detroit EMTs -12
Oremet Corp. -1,000

TOTAL - 10.005 est

Headlines for April 18th 2009

Extreme uncertainty in world economic outlook: OECD
www.reuters.com...

More bad news on the recovery
rodrik.typepad.com...

Are the good times really over?
rodrik.typepad.com...

Obama says he'll cut dozens of wasteful programs
www.reuters.com...

Obama to Request Budget Cuts From Agency Heads
www.foxnews.com...

Bernanke: Innovate, but don't obfuscate
www.msnbc.msn.com...

Kohn says Fed can prevent inflation surge
www.reuters.com...

Fed's Kohn Says Emergency Lending Isn't Creating Risk for U.S. Taxpayers
www.bloomberg.com...

Volcker says economy recovery a "long slog"
www.reuters.com...

Fed's Dudley: Consumers pay price on bailout furor
www.reuters.com...

Fed's Dudley Says Investor Concern Over Scrutiny Under TALF Is `Misplaced'
www.bloomberg.com...

U.S. Regulators Clash on How to Release Banks' Stress Tests Without Damage
www.bloomberg.com...

China says key currency countries need watching
www.reuters.com...

China's $200 Billion Fund May Invest in Europe as Protectionism Retreats
www.bloomberg.com...

Stimulus funds costing states cash
www.msnbc.msn.com...

U.S. closed banks match total for all of 2008
www.reuters.com...

Venture capital money down to 1997 levels: reports
www.reuters.com...

Some homeowners see giving up as best option
www.msnbc.msn.com...

UPDATE 2-Trichet says ECB must watch prices, may cut rates
www.reuters.com...

Britain has become brittle society, says think tank
www.telegraph.co.uk...

Concern Over Trade Barriers
www.foxnews.com...

UPDATE 4-Mexico slashes key interest rate to aid growth
www.reuters.com...

Ortiz Cuts Mexico Central Bank Rate More Than Forecast Amid Economic Slump
www.bloomberg.com...

Economic survivalists take root
www.usatoday.com...

The Great Recession: America Becomes Thrift Nation
www.time.com...

What's All That Secession Ruckus in Texas?
www.time.com...

[edit on 4/18/2009 by Hx3_1963]

Layoff Daily
Sat 4-18-2009
www.layoffdaily.com...

Flexsys Stops Production -100

Cinram Inc. Idles Workers -330

Derby Cellular Closing -98

Country Fresh Dairy Closing -110

Noble Metal Processing Closing -79

Kawneer Co. Closing Plant -250

Ecolab Closing Plant -131

City of North Port FL -14

Suncadia Resort -43

California Jobless Rate 11.2%

Reef-Sunset Schools -62

GM More Plant Closings Layoffs

Uttermost Co. -20

Trendway Corp. -25

USA Legal Layoffs -10,000

Nomura -50

Total 11,312

+ GM

More to come...

Sorry Spinkyboo...when I saw these #'s it just moved me...

[edit on 4/18/2009 by Hx3_1963]

Headlines for April 19th 2009

IMF to cut global forecast, sees 2010 recovery: report
www.reuters.com...

2008 "Worst Year" In Fortune 500 History
www.cbsnews.com...

The Fortune 500's biggest losers
money.cnn.com...

U.S. economy still under strain: Obama
www.reuters.com...

No taxpayer money for any bank "black hole": Obama
www.reuters.com...

White House: Some banks will need more help
www.msnbc.msn.com...

Small banks angry about treatment of big ones
www.msnbc.msn.com...

Obama Says He'll Seek `Accountability' From Banks Asking for More Capital
www.bloomberg.com...

Obama to address credit card abuses
www.msnbc.msn.com...

Obama: Business needs to work with me
money.cnn.com...

Geithner sees no new banking crisis: report
www.reuters.com...

Obama advisor Axelrod-some stress-test banks have problems
www.reuters.com...

Axelrod: Markets Can Handle The Truth
www.cbsnews.com...

U.S. can avoid bank nationalizations: White House
www.reuters.com...

Summers Says Banks Must Tap Markets for New Capital (Update1)
www.bloomberg.com...

Summers says U.S. banks not a topic at summit
www.reuters.com...

Fed's Kohn, Dudley Defend Emergency Credit, Dismiss Concerns on Inflation
www.bloomberg.com...

White House: U.S. has tools to protect nation
www.msnbc.msn.com...

Bank of America has plenty to prove
money.cnn.com...

Wall Street: Plan for a storm
money.cnn.com...

Companies increasingly quiet about the future
www.msnbc.msn.com...

Political stakes high as U.S. Congress returns
www.reuters.com...

Goods Orders, Home Sales Probably Fell: U.S. Economy Preview
www.bloomberg.com...

Like a weed, downturn takes root on farms
www.reuters.com...

Commodities follow stock market
www.reuters.com...

U.S. transport Q1 earns watched for recovery signs
www.reuters.com...

Dayton Superior Files Voluntary Chapter 11 Petition and Arranges $165 Million DIP Financing Facility
biz.yahoo.com

Union OKs deal to cut Chronicle jobs
sfgate.com

GM may give away stake in Opel/Vauxhall: report
www.reuters.com...

U.S. says watching China's naval expansion closely
www.reuters.com...

UPDATE 1-China's CIC says considering investments in Europe
www.reuters.com...

Yuan Forwards Have Worst Week in Two Months as Growth Slumps
www.bloomberg.com...

China CNOOC: No plan to buy oil firms during crisis
www.reuters.com...

Nippon Steel's Net Income Tumbles 60% to 140 Billion Yen, Nikkei Reports
www.bloomberg.com...

Mitsui O.S.K.'s Profit May Drop 50% This Year on Fee Decline, Nikkei Says
www.bloomberg.com...

Hungary Will Cut Spending to Battle Deepening Economic Crisis, Bajnai Says
www.bloomberg.com...

Aldar Properties Says Abu Dhabi Real Estate Market Prospects Are `Flat'
www.bloomberg.com...

Dubai House Prices Fell 42% in Past Six Months, Likely to Decline Further
www.bloomberg.com...

RAK Properties First-Quarter Net Drops 39% as Income From Sales Declines
www.bloomberg.com...

Saudi Electricity Quarterly Loss 771 Million Riyals, Same as Year Earlier
www.bloomberg.com...

UPDATE 2-Israel economy to worsen, recovery to be weak-Fischer
www.reuters.com...

Israeli Banks Can Withstand `Large' Corporate Bankruptcies, Fischer Says
www.bloomberg.com...

Trichet says further ECB rate cut would be measured 25 bps
www.reuters.com...

Darling Will Detail Plans to Curb U.K. Government Spending, Help Jobless
www.bloomberg.com...

Grosvenor's Mark Preston Says It's Too Early to Invest in U.K. Real Estate
www.bloomberg.com...

UBS seeking to drop accounts for undeclared EU cash: report
www.reuters.com...

Devolution is failing Scotland thanks to populist policy agenda, says study
Telegraph.co.uk

Germany `Must Do Everything' to Save GM's Opel Unit, Foreign Minister Says
www.bloomberg.com...

Porsche Reiterates Sales Target for Panamera Sedan Amid Luxury-Auto Slump
www.bloomberg.com...

Infineon Has No Comment on Newspaper Report That It Is Seeking State Aid
www.bloomberg.com...

Belgium to investigate AB InBev over payment delays
www.reuters.com...

Royal Bank Writedown May Be `Bellwether' for Canadian Banks This Quarter
www.bloomberg.com...

Chrysler's Nardelli Tells Canadian Workers Cuts Must Be Made to Survive
www.bloomberg.com...

Bay Street: Ugly numbers expected from Canada's oil patch
www.reuters.com...

Abitibi-Consolidated Files for Bankruptcy Protection From U.S. Creditors
www.bloomberg.com...

World Bank to Continue Strong Latin America Lending to Fight Credit Slump
www.bloomberg.com...

Brazil's Fuel Prices May Be Cut Soon to Adjust for Cheaper Oil, Lula Says
www.bloomberg.com...

Argentine Tax Agency Takes Control of Registry for Trade of Grains, Cereal
www.bloomberg.com...

Tea Party Anger 'Misdirected'
www.foxnews.com...

‘Made in the USA’ still means something
www.msnbc.msn.com...

How do you measure economic anguish?
elkhartproject.newsvine.com...

Lessons from the Great Depression
sfgate.com

Depression II: The Horror
www.dailyreckoning.com...

How to Protect Your Family from the Greatest Economic Disaster in Recorded History
www.dailyreckoning.com...

U.S. Cities Where It's Hardest to Get By
finance.yahoo.com...

In Pictures: America's 10 Most Miserable Cities
www.forbes.com...

'Farm fresh' movement a growing food trend
www.cnn.com...

Factories dumping drugs into sewage
www.msnbc.msn.com...

Heated Debate Over Assault Weapons
www.cbsnews.com...

Grisly Slayings Bring Mexican Drug War to U.S
www.foxnews.com...

Mexican Police Convoy Ambushed, 8 Killed
www.cbsnews.com...

[edit on 4/19/2009 by Hx3_1963]

U.S. to put conditions on TARP repayment: report
www.reuters.com...

World lags on poverty goals: G8
www.reuters.com...

BoE's Blanchflower: "Nonsense" to say crisis unpredictable
www.reuters.com...

Retirement Dreams Disappear With 401(k)s
www.cbsnews.com...

Layoff Daily
4-19-2009

Durango High School -19

Schilling Robotics Cuts

Montaplast -80

Video: Cameron County PA

Paycuts Instead of Layoffs

Chrysler Stamping Plant -450

[edit on 4/20/2009 by Hx3_1963]

Headlines for April 20th 2009

LEAKED! Bank Stress Test Results !
turnerradionetwork.blogspot.com...

JPMorgan Chase, Goldman Sachs, Citibank, Wells Fargo and More Than 1,800 Other Institutions Believed to Be at Risk of Failure Based on Fourth Quarter 2008 Data
www.reuters.com...

Bank Lending Keeps Dropping
online.wsj.com...

U.S. Officials Signal No Need for More TARP Funds From Congress
www.bloomberg.com...

U.S. may convert bank bailout to equity share: report
www.reuters.com...

UPDATE 1-Pension kickback scrutiny spreads to New Mexico
www.reuters.com...

Warren Lichtenstein's fund proposal resisted: report
www.reuters.com...

GM could sell Opel stake for no gain: report
www.reuters.com...

Toshiba shares tumble on fund-raising reports
www.reuters.com...

The Real Lessons of the Great Depression
www.lewrockwell.com...

Zero Percent Inflation is Still a Tax and Wealth-Destroying
blog.mises.org...

Calls to scrap plans for increase beer tax in budget
www.telegraph.co.uk...

[edit on 4/20/2009 by Hx3_1963]

www.latimes.com...

Church leaders in northern Indiana relent and allow followers to collect unemployment checks. It's become a matter of survival. By Joshua Boak April 20, 2009 Reporting from Goshen, Ind. -- The Amish are defined by their religious beliefs, shunning automobiles, insurance and electricity in their homes. But some in hard-hit northern Indiana realize they can no longer avoid one modern idea: unemployment checks.

more at link

March leading indicators fall; recession seen through summer
&siteid=bnbh]Mark etWatch

Leading economic indicators slip 0.3%
money.cnn.com...

Analyst: Bank Hurricane Not Over -- We're in Eye of Storm
finance.yahoo.com...

Bank Regulators Clash Over U.S. Stress-Tests Endgame (Update1)
www.bloomberg.com...

Treasury does not yet have stress test results
www.reuters.com...

Stress Test Results: Most Banks Likely to Pass
www.time.com...

FACTBOX-Major U.S. financial regulation reform initiatives
www.reuters.com...

More Accounting Games
baselinescenario.com...

White House: Treasury has enough capital for banks
&siteid=nbsh]MarketWatch

Treasury to provide nearly $30 bln of funds for AIG
&dist=morenews]MarketW atch

Citi's credit losses growing at 'rapid rate,' analyst says
&siteid=nbsh]MarketWatch

Bank of America profit rises, credit quality sours
www.reuters.com...

Oil falls 8% on economic concerns, stronger dollar
&siteid=rss]MarketWatch

Britain facing 'worst recession since World War II', Darling to admit in Budget
www.telegraph.co.uk...

Britain 'overcoming' problems of the recession, says Gordon Brown
www.telegraph.co.uk...

Public spending should be 'cut by £30 billion', think tank says
www.telegraph.co.uk...

More than one million credit cards taken out of circulation
www.telegraph.co.uk...

Cubs buyer looking to investors for funds: report
www.reuters.com...

Halliburton profits slide, weakness to persist
www.reuters.com...

Moody's reviews PepsiCo Aa2 ratings for possible downgrade

Hasbro profit drops 47% on currency impact, toy sales
www.reuters.com...

UPDATE 2-Hitachi says outlook tough, mulling state funds
www.reuters.com...

Stimulus will hurt us, biz owners say
money.cnn.com...

Stressed Americans postpone healthcare
www.reuters.com...

Number of young people not in work or education hits record high
www.telegraph.co.uk...

Men bear the brunt of US jobs lost
FT.com

Tube Strike: Underground workers to strike on Victoria Line
www.telegraph.co.uk...

Sri Lanka gives Tigers ultimatum as thousands flee
www.reuters.com...

[edit on 4/20/2009 by Hx3_1963]

www.idahostatesman.com...

Idaho's jobless fund is going broke A law designed to ease unemployment

taxes backfired on the very businesses it was meant to help.

These days Roger Madsen, Idaho Department of Labor director, regrets not being more aggressive in ensuring that Idaho's fund for paying benefits to jobless workers could withstand a long recession's onslaught. But in 2004, Idaho was booming. National magazines were heralding the state's business environment. Idaho was in the midst of a tech, rec and building boom that some said made us resistant to recession.
------------------------------
www.google.com...

GM exec says 1,600 will lose jobs in next few days

By TOM KRISHER – 5 hours ago

DETROIT (AP) — About 1,600 workers at General Motors Corp. will lose their jobs in the next few days as the troubled automaker accelerates cost cuts in order to qualify for more government aid.

GM North America President Troy Clarke said in an e-mail to employees sent Monday that the layoffs are needed to ensure the company's long-term viability.

"In these unprecedented times, GM is reinventing every aspect of our business, including our organizational size and structure, to create a lean and agile company," Clarke wrote in the e-mail obtained by The Associated Press.

Clarke said the next week will be "a very trying time for the entire GM team, but especially for those employees directly impacted by these actions."