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2009 Depression Validated

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posted on Apr, 20 2009 @ 02:11 PM
Rich G7 can't go it alone to calm economic storm

Slow train coming for global economic recovery

Obama proposes $100 billion U.S. loan for IMF

Stocks Fall on Concern Credit Losses Are Worsening; Bank of America Drops

Emanuel, Summers Signal No Need for Additional U.S. Financial-Rescue Funds

Geithner says system health linked to bank paybacks: report

BofA results spark global equity rout

Zions Bancorp has big loss

UPDATE 2-Morgan Stanley may buy US regional banks - Nikkei

Credit fears return to global stocks

AIG, Morgan Stanley Should Recoup $5 Billion of Executive Pay, Union Says

Venture Capital Investments in U.S. Plunge 61% to Lowest Level in 12 Years

Property asking prices fall 7.3 pct

Gold Rises Most in a Month as Europe, U.S. Stocks Plunge; Silver Rallies

Oil steadies above $45 after near 9-percent plunge

Student Loans: Default Rates Are Soaring

Union rejects Chrysler Canada demand ahead of talks

UPDATE 1-Union says Chrysler Canada demands "not feasible"

American Axle, Magna May Lose Most Revenue in GM or Chrysler Bankruptcies

Eaton Shares Retreat After Loss, Third Reduction of 2009 Profit Forecast

Lennar Tumbles on Possible Stock Sale, Lawsuit Over Drywall Made in China

SL Green Falls After Reports of Biggest Tenant Citigroup's Credit Losses

Putin's Tariffs Kick Caterpillar, Deere When They're Down as Sales Decline

UPDATE 1-Brown-Forman says cutting jobs, costs

China Faces Japan-Style Aging Threat With Plans to Revamp Pensions, Health

Changjiang Securities Cancels $1.2 Billion Placement on Market Conditions

Japan to Sell Additional $110 Billion in New Bonds to Finance Aso Stimulus

Japan Airlines Asks for $2 Billion Loan From Development Bank of Japan

Japan Eases Recession Pain With Wage Cuts That Keep Jobs, Save Companies

Russia May Reduce Government Spending by 30% Next Year as Reserves Dwindle

Pakistan Central Bank Cuts Rate for First Time Since 2002 to Boost Growth

Saudi Telecom First-Quarter Ner Income Drops 18% on Foreign Exchange Moves

Jordan Finance Minister Salem Planning Tax Cuts to Spur Foreign Investment

National Industrialization Reports 25.8 Million-Riyal First-Quarter Loss

ArcelorMittal Said to Cut Capacity at New Steel Factory in India by Half

Tata Consultancy Profit Growth Slows on Order Delays; Prices to Decline

Slovak Unemployment Rate Rises to Almost 3-Year High as Exports Collapse

Netia, Polish Phone Company, to Cut 8.7% of Workforce by End of Next Month

Bajnai Pledges Spending Cuts, Tax Revamp in Hungary Crisis Management Plan

Euro Falls Below $1.29 for First Time in Month on Bets ECB Split on Policy

Europe banks step up disposals

Gilt Sales to Rise 20% as Brown Budget Faces `Reality Check,' Dealers Say

Darling Said to Agree on Guarantees for U.K. Asset-Backed Bonds This Week

Darling Said to Offer $1.45 Billion in Assistance for U.K. Home Builders

Darling to cut 15 billion pounds off public spending

Allied Irish Banks Says It Plans to Raise a Further $2 Billion in Capital

French Stocks Decline; L'Oreal, Michelin and ArcelorMittal Pace the Drop

BNP Paribas, Societe Generale to Slow Hiring in France as Recession Bites

Bundesbank Says Recession Deepened in First Quarter as Export Demand Fell

Opel Won't See `Uncontrolled Implosion' From a GM Bankruptcy, Schild Says

Audi Says Profit May Fall More Than Sales as Demand for Larger Models Sags

Arcandor Might Sell KaDeWe, Luxury Stores as Eick Seeks Ways to Lower Debt

CIR's Sorgenia First-Quarter Net Income Falls 25%; Revenue Increases 12%

Australian Central Bank Decided on Interest Rate Cut as Unemployment Rose

Emerging Market Government Credit `Markedly' Worse, Standard & Poor's Says

Flaherty Says Canada `Still in a Serious Recession,' 2009 Will Be Tough

Ontario Should Foster `Superfunds' by Allowing Funds to Merge, Omers Says

Vale to Tell Canada Market Conditions Force Nickel-Output Cuts in Sudbury

Mexico May Reduce Interest Rate to 5% as Economy Shrinks, Santander Says

Colombia Asks IMF for $10.4 Billion Credit Line, Central Bank's Uribe Says

Bovespa Falls Most in Three Weeks on Commodity Drop, Outlook; Bolsa Slides

Ecuador Offers Bondholders 30 Cents on the Dollar for Defaulted Securities

South Africa Banks Will Have `Very Tough Year' as Rate Cut Benefit Delayed

Congolese Inflation Accelerated to 54.4% in Third Week of April, Bank Says

U.S. "home invasions" up as thugs seek Mexico drug cash

Global economic crisis hits German sex industry

[edit on 4/20/2009 by Hx3_1963]

posted on Apr, 20 2009 @ 08:36 PM

Mon 4-20-2009

Brown-Forman -250
Bosch in South Carolina -225
Indiana Historical Society -7
Legg Mason -40
DSM Chemicals -80
MassMutual -65
GM -1,600
San Fran Newspaper Drivers -90
iLevel -66
Tele Atlas -140
Dassault Falcon -25
Hinkley Yachts -26

TOTAL - 2,614 est

Ah - low numbers indeed.
It's a nice change -
Stay tuned.

posted on Apr, 20 2009 @ 11:09 PM
Headlines for April 21st 2009

Pelosi Sets Wall Street Probe Modeled on Pecora in 1933 After Market Crash

Economic Indicators Still Stuck In Reverse

TOPWRAP 1-Hopes fade for speedy recovery, markets stumble

Regulators Give Greater Weight to Loan Quality in U.S. Bank Stress Tests

Treasury Says ‘No Basis’ to Report on Bank Testing (Update2)

Treasury asset plan vulnerable to abuse: watchdog

Administration Could Relieve Banks By Taking Ownership Stake

UPDATE 1-EARNINGS AND THE ECONOMY-CEOs wary on recovery talk

Treasury Estimates $900 Million of Losses From Citigroup Toxic Guarantees

Citigroup's Shareholders Wonder When Treasury Ousts `Hall of Shame' Board

Your credit is no good here

U.S. credit card firms seek to limit crackdown

Obama Vows Crackdown As Banks Hike Fees

Obama: Cut the Budget by 1/35,000th

U.S. to give Chrysler $500 mln, GM up to $5 bln in new aid

Chrysler Financial Denied Additional TARP Aid on Executives' Salary Limits

Dealer Showrooms Darken as GM, Chrysler Bankruptcy Threat Cuts U.S. Jobs

Oracle May Milk Sun `Cash Cow' by Cutting Thousands of Jobs, Analysts Say

American Express, Capital One Profit Squeezed as U.S. Jobless Rate Rises

UPDATE 1-Capmark: Auditors may doubt "going concern" ability

Alarm Bells Go Off As Deflation Fears Hit Europe

Deflation Trade Is Back On

ICAP Loses 85% of Mortgage Bond Trading Gobbled Up by Bankers' Dealerweb

Spain’s Falling Prices Fuel Deflation Fears in Europe

Iceland Voters Likely to Confirm Political Shift After Economy's Collapse

UPDATE 2-Argentina's March primary surplus falls 61 pct

Recession slows high-end coffee business

Feds Confirm Spike in Crime During Downturn

Piracy Attacks Almost Double in Quarter as Somali Incidents Climb 10-Fold

Wall Street Crash of 1929 and its aftermath

Business Plot

[edit on 4/21/2009 by Hx3_1963]

posted on Apr, 20 2009 @ 11:27 PM
reply to post by Hx3_1963

This was from the article on student loans that you posted....

Sarah Kostecki,
a 24-year-old sales associate in New York, graduated last year from DePaul University with a major in international studies and $87,000 in debt, translating to monthly payments of $685, the vast majority of which are private loans. The payments represent more than a third of her take-home pay, and to help her make ends meet, her grandparents are giving her $200 a month toward her debt this year. Beginning in January, she'll be on her own, and she worries about falling behind. "It feels like I'm being punished for having gone to school," Ms. Kostecki says.

$685.00 a month student loan?!

She IS being punished for going to school. That's how we do things in this country. Hook em - and hang him. Don't let em get out alive - remind them that the educational system is a good system - and keep education really expensive - so we can keep 'em indebted and in our "we own you" box for a lifetime while they pay us back.
We'll bail out everyone - but not them....

[edit on 20-4-2009 by spinkyboo]

posted on Apr, 21 2009 @ 05:20 AM
FDIC discussed possible Pandit replacements at Citi: report

Bank of NY Mellon cuts dividend as profit falls

XLF: Huntington, Zions, Northern Trust fall after earnings

BlackRock first-quarter profit falls 65 percent

British economy falls into deflation for first time since 1960

Merck profit falls short, shares fall 3 percent

United Tech earnings fall 27.8 percent

Caterpillar swings to loss, cuts sales outlook
&siteid=bnbh]Mark etwatch

DuPont's first-quarter net profit drops 59%
&siteid=bnbh ]Marketwatch

Sri Lanka war exodus at 39,000 as deadline nears

[edit on 4/21/2009 by Hx3_1963]

posted on Apr, 21 2009 @ 12:39 PM

Originally posted by spinkyboo

Mon 4-20-2009

Brown-Forman -250
Bosch in South Carolina -225
Indiana Historical Society -7
Legg Mason -40
DSM Chemicals -80
MassMutual -65
GM -1,600
San Fran Newspaper Drivers -90
iLevel -66
Tele Atlas -140
Dassault Falcon -25
Hinkley Yachts -26
Georgia-Pacific -39
99 Cents Only Stores -308
Screen Actors Guild -35
Park Nicollet Health -233
UPDATE - from yesterday -
TOTAL - 3,229

Also this from today - from editor of LAYOFF DAILY
Tue 4-21-2009
Editor is burned-out and taking a break.
Stay tuned.

and - on a lighter note....
Strip Club Has Topless Job Fair

posted on Apr, 21 2009 @ 08:32 PM
No quick solution to financial crisis: IMF

Obama Rivaling FDR?

Let big banks fail, bailout skeptics say

Boehner says people should be "outraged" about TARP report

House mulling creating special "commission" to investigate econo

Geithner Says Banks Have `Options' for Boosting Capital After Stress Tests

Geithner: Taxpayers Should Share Risk on Banks

U.S. Stocks Gain as Geithner Says Most Banks Have Enough Funds; Bonds Fall

WRAPUP 3-US regional banks hit hard by recession, bad loans

Capital One Posts $111.9 Million Quarterly Loss on Bad Credit-Card Loans

Citi shareholders fume

UPDATE 2-EuroFresh seeks bankruptcy, cites crop loss, labor

Yahoo reports 78% drop in profit; firm to cut 5% of workforce

AMD posts loss, CEO doubts PC market has bottomed

GM Said to Accelerate Plant Closures, Model Cuts to Lower Break-Even Point

Chrysler Lenders Said to Seek Equity in Exchange for Reducing Debt by 35%

White House spurns Chrysler lenders' plan

Housing's Newest Threat: More People Are Losing Their Jobs

Treasury weighs new mortgage subsidies: sources

Australia's Treasurer Says More Economic Stimulus, Bigger Deficit Expected

Toyota, Honda, Nissan May Report Losses on Plummeting U.S. Vehicle Demand

Toyota Plans to Cut Summer Bonuses of 8,900 Managers in Japan by 60%

North Korea Demands More Money From South for 38,000 Workers at Gaeseong

China's Economic-Stimulus Plan `Has It Right,' Caterpillar's Burritt Says

India Unexpectedly Cuts Benchmark Rate to 3.25% on Slower Growth Forecast

India Attracts LNG Cargoes as World's Biggest Buyers Slash Fuel Imports

Dubai Plans to Raise $10 Billion More This Year to Battle Credit Crisis

Saudi Basic Drops After Posting Surprise Quarterly Loss, First Since 2001

Dar Al-Arkan Real Estate Quarterly Net Drops 6.3% as Land Sales Decline

Czech Economy to Shrink This Year More Than Forecast, Central Banker Says

Kazakh BTA Bank Lost $1.74 Billion in First Quarter Over Loan Provisions

Fiat Chairman Montezemolo Doesn't Exclude Further Alliances for Carmaker

Saipem May Say First-Quarter Profit Fell 52% as Asset Sale Isn't Repeated

Merkel's Coalition Seeks More Time for Bad-Bank Solution; Decision in May

Savings Banks Can't Change Interest Rates on Credit at Will, Court Rules

Conergy Drops Most Since 2005 IPO After Posting Loss, Reporting Sales Drop

Deutsche Post Says Decline in Deliveries Accelerated in the First Quarter

Sarkozy Promises a `Merciless' Crackdown on Gangs, Thugs as Violence Rises

PPR Revenue Declines 8.4% to $6.22 Billion on Furniture, Electronics Units

Peugeot Board Decides to Scrap Dividend Against 2008 Profit, Company Says

Unibail-Rodamco Drops Most in Six Months as Consumers Spend Less at Malls

Faurecia First-Quarter Sales Fall 38% to $2.6 Billion After Drop in Demand

Casino May Report Drop in First-Quarter Sales as Consumers Pare Spending

UPDATE 2-ECB's Weber - No signs of economic green shoots

IMF says UK facing bailout bill of £200bn

Darling Plans Record $232 Billion U.K. Deficit, Limiting Room for Stimulus

Darling Said to Pledge $1.5 Billion to Get U.K. Youth Into Work, Training

'Ticking time bomb' warning as cost of going to university rises by two thirds

Some of the biggest banks refuse to take part in Governnment mortgage scheme cheme.html

Unemployment to rise again as 2,000 lose their jobs every day

Deutsche Telekom Lowers Full-Year Profit Forecast, Citing Cost of Job Cuts

U.K. May Announce Car Scrap Plan to Lift Sales, Daily Telegraph Reports

Iceland Voters Likely to Confirm Political Shift After Economy's Collapse

BNP Paribas Plans to Fire a Quarter of Canadian Workforce to Reduce Costs

Caisse de Depot to Seize New York Office Tower as Macklowe Empire Shrinks

Chavez Top Political Rival Rosales Flees Venezuela, Seeks Asylum in Peru

South Africa Banks Will Have `Very Tough Year' as Rate Cut Benefit Delayed

Barclays' Absa Says Debt Delinquencies Spread to Commercial Banking Unit

Senate Seeks Restrictions on Internet Freedoms

The Illusions of the celebrated RECOVERY-A Depression is Coming

[edit on 4/21/2009 by Hx3_1963]

posted on Apr, 21 2009 @ 11:33 PM
Headlines for April 22nd 2009

Soaring U.S. Deficit Means Billions in Bond Sales as Tax Receipts Collapse

Banks May Get Mix of Treasury Conversions, Private Capital After U.S. Test

UPS May Report Second Sales Drop in Decade on Deepening Slump in Shipping

Nation's Regional Economies Getting Worse, Finance Ministry Report Says

Japan's Biggest Banks May Have to Seek Public Funds, Fitch's Marshall Says

Philippines Budget Deficit Widens on Higher State Spending, Lower Revenue

China Estimates 30 Million Farmers, 4% of Rural Population, Have Lost Jobs

Wal-Mart Pressing Ahead With Plan to Cut China Management; Unions Involved

Sri Lanka's Central Bank Lowers Interest Rates Ahead of IMF Bailout Loan

Sri Lankan war in endgame, 81,000 escape rebel zone

National Stock Exchange of India to Remove 50 Stocks From Derivative List

India Train Seized, 350 Passengers Held Hostage by Suspected Maoist Rebels

Dubai Home Prices May Fall 70%, UBS Says; Cuts Emaar Properties to `Sell'

IMF to Lend Tajikistan $116 Million for Programs to Counter Global Slump

Unipetrol, Biggest Czech Oil Company, Says Probably Had First-Quarter Loss

Estonian Central Bank Says Economy May Shrink up to 12%, Paeevaleht Says

Latvian Finance Minister Repse to Ask IMF for Wider Deficit, Diena Reports

Statoil's Arctic Dominance Threatened as Exxon, Shell Encroach With Bids

Weber Says Germany Is Too Focused on Manufacturing, Financial Times Says

Electrolux Reports First-Quarter Loss of $40.6 Million as Demand Declines

Heineken Beer Volumes, Profit Decline on Slowdown in U.S., Western Europe

Praktiker Loss More Than Doubles as Cold, Recession Keep Shoppers at Home

UPDATE 1-French workers trash buildings over layoffs

PPR Sales Drop; French Furniture, Electronics Slump Offsets Gucci Growth

Nexans First-Quarter Sales Decline $1.35 Billion on Drop in Cable Demand

Casino May Report Drop in First-Quarter Sales as Consumers Pare Spending

Peugeot Citroen First-Quarter Sales Fall 25%; Carmaker Expects 2009 Loss

Nestle Sales Decline 2.1% as Consumers Seek Cheaper Alternatives to Brands

Budget 2009: British taxpayers face £5k bill each due to financial crisis

Budget 2009: last chance to resolve school funding crisis

Elan Reports First-Quarter Loss as Costs Overshadow Surging Tysabri Sales

Strippers, Protesters Are Welcome on Trafalgar Square Plinth, Gormley Says

Resolute Says 3,500 Ounces of Gold Stolen From Golden Pride in Tanzania

[edit on 4/22/2009 by Hx3_1963]

posted on Apr, 21 2009 @ 11:42 PM

Originally posted by David9176
It's not going to matter. We're toast either way. Stimulus makes it worse though.

No matter what they try to do it won't change the fact that we are a debtor nation.

Our debt will continue to rise along with inflation.

We cannot survive this way and nothing is being done to change that. NOTHING.

Our time at the top is almost over and the rest of the world knows it.
I'm sad to say, but I think you are right. No ammount of "positive thinking" is going to change the facts, and they get clearer everyday.
When it goes bad, and it will soon it seems, it ain't going to be pretty.
Stock up folks, take a look at your situation, and make your plans for the big show. it's going to start soon. the previews are playing now, and the main feature will start in a short while.

posted on Apr, 22 2009 @ 02:06 AM
World economy in severe recession, IMF says

Britain and US at odds over further bank bail-outs

Geithner acknowledges U.S. fault in crisis

More Rescued Banks Might Suspend Interest Payments

Municipal Carnage caused by Wall Street

Bear market still grips stock, credit markets

Fannie, Freddie Defaults Rise as Borrowers Cite Lower Income

Commercial Real Estate Time Bomb Goes Off But No One Notices

AT&T quarterly profit and revenue fall

Sun Belt states lead Q1 U.S. mortgage foreclosures

Continental posts loss on weak demand

Boeing profit narrows as economy hits orders

UPDATE 1-Knight Capital Q1 profit dives 71 pct

Recession fuels worries of U.S. workplace violence

U.S. recession linked to more abortions, vasectomies

Japan's trade surplus dives 99% in March as exports plunge

UPDATE 1-PKN sees Q1 results hit by $43 mln in provisions

TIMELINE-VW Q1 operating profit drops by 76 percent

TIMELINE-Peugeot Q1 revenue drops 25 percent

UPDATE 2-EU and Commerzbank agree rescue aid terms-source

Budget 2009: Alistair Darling admits UK faces deep recession

Budget 2009: Alistair Darling faces 'day of reckoning', David Cameron says

Budget 2009: David Cameron condemns 'Government of living dead'

Alistair Darling and Gordon Brown vanish down budget black hole

Public borrowing hits record £90billion, ONS figures show

Alistair Darling unveils 50 per cent tax rate in Budget 2009

Drinkers and smokers face price rises after Budget 2009

Unemployment hits highest level since Labour came to power

Pensioners hit as deflation hits for first time in 49 years

Train companies condemned as passengers face 'scandalous' price rises

Girls' private school close as recession bites

RBS Asia sale throws up price, regulatory clouds

[edit on 4/22/2009 by Hx3_1963]

posted on Apr, 22 2009 @ 10:42 AM
Geithner Says Global Crisis Unprecedented

Geithner urges global effort to tamp crisis

U.S. 10-Year Yield Touches Highest Since Fed Announced Buyback

Banks Hinder Efforts to Offer Mortgage, Credit-Card Relief

Credit-Card Firms Don't Care

Traders Mounting "Speculative Attack" on U.S. Banks

US looks to tangible common equity in stress tests

Banks to get stress test results Friday: report

Worst Foreclosure Rates Found In 4 States

February home prices up, down 6.5 percent in year

Too Many Houses Are Keeping Prices Low: LeFrak

GM says won't make June 1 debt payment of $1 billion: report

U.S., Banks In Standoff Over Chrysler

Automaker liquidation may focus on brands, patents

If Chrysler talks fail, Fiat may turn to GM

Fiat May Have to Sell CNH Unit to Help Fund Chrysler Deal, Bernstein Says

Chrysler Bankruptcy Is 95% Certain as Time Runs Short, CSM's Robinet Says

Private equity firms steer clear of Opel

Dealers to meet autos task force: sources

Oil falls on U.S. inventories, IMF forecast

GE CEO Blasted by Shareholders For Dividend Cut

Asyst Technologies files for Chapter 11, seeks buyer

GlaxoSmithKline Says First-Quarter Profit Dropped 14% to $1.65 Billion

UPDATE 3-Kimberly-Clark profit falls; sees lower 2009 sales

Apache cutting 6 percent of jobs worldwide

Australia's Treasurer Says More Economic Stimulus, Bigger Deficit Expected

Australia's Inflation Slows to Weakest Pace in 18 Months Amid Recession

Thailand's Political Chaos May Worsen GDP Contraction, Central Bank Says

Parliament Passes Law for Government to Buy Shares in Struggling Big Firms

China Estimates 30 Million Farmers, 4% of Rural Population, Have Lost Jobs

Wal-Mart Pressing Ahead With Plan to Cut China Management; Unions Involved

China Cosco Seeks to Delay, Cancel New Ships on Loss, World Trade Slowdown

China Shipping Container Expects First-Quarter Loss on Collapse in Trade

China to Seek Larger Africa Investments, China-Africa's Mark Fung Says

India May Have Cotton `Mountain' If Farmers Get High Prices, Ministry Says

Estonian Economy May Shrink as Much as 15.3% This Year, Central Bank Says

Serbian Central Bank Lowers Key Interest Rate to 14%, Third Cut in 2009

Unipetrol, Biggest Czech Oil Company, Probably Had Loss in First Quarter

Macedonia Will Stick With Currency Peg as Economy Slumps, Milososki Says

IMF Says It Hasn't Received a Request for Loan From Bulgaria's Government

Italian Economy to Contract 4.4%, Twice the Previous Forecast, IMF Says

Saipem's First-Quarter Profit Declined 43% Following Asset Sale Last Year

Italian Poverty Increases on Difficult Access to Joining Labor Market

Merkel Rejects New Stimulus Program as Economic Data Worsens

Economic Institutes See GDP Falling 6% This Year, Government Official Says

Porsche May Form Holding Company With Volkswagen, Manager-Magazin Reports

Lagarde to Push European Union Partners to Give IMF More Than $100 Billion

LVMH Sales Are Little Changed as Moet Champagne, Tag Heuer Demand Plunges

PPR Falls Most in Three Months on Negative Luxury Forecast by Executives

France to Crack Down on Violent Labor Protests, Prime Minister Fillon Says

WRAPUP 2-UK to shrink at fastest pace since 1945, debt at record

Budget 2009: Hauliers blame 'Dracula Chancellor' for job losses

Business leaders lambast Alistair Darling for raising taxes on rich in Budget 2009 l

Budget 2009: Alistair Darling accused of putting recovery at risk with 50pc tax on high earners

COLUMN-Darling gambles with Britain's credit: Neil Collins

Budget 2009: Housebuilders see £500m fund and stamp duty holiday as base for growth

UK budget offers crutch but no cure for builders

Fuel price 'bombshell' as Budget 2009 offers motorists 'generous' scrappage scheme

Budget 2009: Alistair Darling unveils car scrappage scheme

Canada March Leading Indicator Falls More Than Expected on Cars Sales Drop

Latin American Economy to Contract 1.5% in 2009, Rebound in 2010, IMF Says

Brazil Hedge Fund Mercatto Sells Larger Banks, Builders, Buys Small-Caps

World Bank Cuts its Sub-Saharan Africa 2009 Growth Forecast to 2.4%

South African GDP to Shrink; African Growth to Slow, IMF Says in Report

Angola to Cut 40% of `Running Expenses,' Finance Ministry Spokesman Says

Eskom Holdings Should Consider Selling Power Plants, Finance Agency Says

NATO May Step Up Anti-Piracy Mission as Attacks Mount on Ocean Tankers

[edit on 4/22/2009 by Hx3_1963]

posted on Apr, 22 2009 @ 02:18 PM
U.S. Senate backs panel to probe financial fraud

The Reeducation of Tim Geithner

Banks Need More Capital If Unemployment Exceeds 10% -FBR Test

US Treasury hires firms to manage TARP investments

'TARP babies' struggle to pay back government

Fannie, Freddie Defaults Rise as Borrowers Cite Lower Income

California Foreclosures Are Back With A Vengeance

Pimco’s McCulley Says Commercial Mortgages ‘Broken’ (Update3)

10 Highest Homeowner Vacancy Rates

Urban Regression

GM plans to close U.S. factories for nine weeks

Michigan's governor appeals to Chrysler lenders

Japan Pays Foreign Workers to Go Home, Forever

Middle East Growth to Halve, Oil Producer Economies to Contract, IMF Says

Gilts Fall; U.K. Looks to Raise $319 Billion to Pull Economy Out of Slump

U.K. Deficit Widens as Unemployment Claims Soar to the Highest in 12 Years

Government departments facing funding cuts under Budget

People earning over £100k to be stripped of valuable allowances under Budget

Colombian Bonds Reach 2-Year High on IMF Line; Chile Peso Drops

The World's Biggest Debtor Nations

[edit on 4/22/2009 by Hx3_1963]

posted on Apr, 23 2009 @ 03:49 AM
Headlines for April 23rd 2009

U.S. Weighs Revealing Each Bank's Capital Needs After Stress-Test Results

Banks May Be Required to Disclose Capital Needs After Stress-Test Results

SunTrust Banks has big first-quarter loss

Lewis testified that U.S. urged silence on Merrill deal: report

U.S. Senate backs panel to probe financial fraud

Mortgage Bondholders Form Battle Lines Over Obama Housing Plan, Cramdowns

U.S. existing home sales seen slipping in March

Carnival barkers? No, U.S. sellers hawking homes

Bernanke Wins Respite as More Empty Houses Means Stimulus Can Stay Longer

Obama to Meet Credit-Card Executives in Push to End `Deceptive' Practices

Undisclosed Fees Ravage 401(k)s

Cruel Summer Ahead for GM Factories

Fiat to sign Opel stake deal on Tuesday: report

Treasury Said to Ask Chrysler's Banks to Write Down Debt to $1.5 Billion

Ford May Avoid Bailout Even After Largest First-Quarter Loss in 17 Years

Hartford Financial Said to Seek Bids for Property Unit From Travelers, Ace

New Zealand Bank Profits Will Decline on Bad Debt Provisions, Says KPMG

Australia May Not Continue First-Home Buyer Grants After June 30, Age Says

Caltex Says Recession May Cause `Shake-Out' Among Australian Oil Refiners

Anshan Steel Says No `Clear' Indications When Iron Ore Prices Will Settle

Government to Forecast Economy to Contract 3.3% This Year, Official Says

Mizuho Posts Wider-Than-Forecast $5.4 Billion Loss as Investments Tumble

Toyota's Sales Fall for a Third Quarter as Recession Curbs Vehicle Demand

Richard Li Scraps PCCW Buyout Bid After Court Blocks Deal; Shares Plunge

Kirin Offers to Buy Lion Nathan to Expand Abroad as Japanese Sales Decline

China Minmetals Gains Australian Approval for Revised OZ Minerals Offer

China's Corporate Profits Plunged 73% in the Fourth Quarter, Haitong Says

More than 100,000 civilians flee Sri Lanka warzone

Hyundai Posts Lowest Quarterly Profit in 7 Years as Global Auto Sales Fall

Russian Central Bank Cuts Its Key Refinancing Rate by Half-Point to 12.5%

Emerging-Market Short Sales Climb Most Since 2007 as Profit Outlook Dims

Sinosteel Delays Building $4 Billion Indian Steel Factory, Citing Demand

Sterlite Can Buy Bankrupt Copper Miner Asarco for $1.7 Billion, Judge Says

RAK Properties Says It Didn't Make Any Sales in First Quarter Amid Crisis

Romania Wins Final Approval From IMF for 13 Billion-Euro Financing Loan

Petrol of Slovenia First-Quarter Net Income Falls 30% on Lower Oil Prices

Polish Banks to Post Worsening First-Qurter Profit, Rzeczpospolita Reports

Nomura Advises Taking a Cautious View on Polish Banks After Past Rally

Hungarian Retail Sales Decline for 25th Month on Budget Measures, Growth

Europe under fire over handling of financial crisis

UPDATE 1-Hedge fund body attacks drafting of EC directive

European Services, Manufacturing Shrink for 11th Month; Contraction Slows

European Industrial Orders Drop by Record 34.5% on Global Economic Slump

Fiat Chief May Break Pledge, Invest Cash as Chrysler Deadline Approaches

Snam Rete Gas First Quarter Net Income Falls 13% as Gas Demand Declines

Economy to Shrink 6% in 2009, Jobless to Hit 4.7 Million, Institutes Say

Continental AG to Present Restructuring Plan in 100 Days, CEO Neumann Says

MTU Aero Quarterly Net Income Slides 30% on Development Costs, Recession

Vattenfall May Struggle to Attract Offers for German Grid as Bidders Exit

Governments' Vehicle-Sales Incentives Are a Bandage, Not a Cure, S&P Says

Budget 2009: Government's economic recovery predictions 'utter fantasy'

U.K. Bank Bailout Rises to $2 Trillion, May Increase on Building Societies

Gilt `Indigestion' Looms as U.K. Plans Record Bond Sales of $318 Billion

Northern Rock Faces `Substantial' Loss After U.K. Mortgage Arrears Triple

WH Smith Profit Drops as Recession Weighs on City-Center Newspaper Sales

Dublin Deflation Sounds Alarm for Europe as ECB Hesitates on Buying Bonds

Carney to Detail Canada Plan for New Tools After Cutting Rate to Near Zero

Canada March Leading Indicator Falls More Than Expected on Cars Sales Drop

Suncor Swings to Quarterly Loss as Recession Pulls Crude Oil Prices Lower

Cemex May Spend Decade Hoarding Cash After Averting Default, Gartmore Says

Ghana Seeking $1 Billion Loan From the IMF to Correct Economic Imbalances

Guinea's Military Leader Camara Threatens to Shut Anglogold, Crew Mines

Congo May Halt French Radio Broadcasts on `Destabilization,' Minister Says

Gold Advances for a Second Day After IMF Forecasts Global Economic Slump

Communities print their own currency

[edit on 4/23/2009 by Hx3_1963]

posted on Apr, 23 2009 @ 06:13 AM
Cuomo questions TARP, pressure on B of A's Lewis

Cuomo’s letter to regulators

Treasury called to account over use of taxpayer funds

Treasury yields reach highest in five weeks as auction looms

Auditors: Nearly 25% of Companies May Not Be Going Concerns

U.S. mass layoffs rise to highest on record

Initial jobless claims rise; continuing claims hit new record

March Existing-Home Sales Slip but First-Time Buyers Rise

More sellers slash home prices in NYC than elsewhere

Goldman Sachs Shook Tens of Billions Out of Tax-Payers -- Now They're Whining All the Way to the Bank

Bob Auer doubts most earnings are as good as they sound

Credit-card shocks
Borrowers getting hit with higher rates and fees, while credit limits, rewards get sliced

UPDATE 2-Investment bank Greenhill Q1 profit falls 28 pct

UPDATE 1-Invesco profit slumps, falls short of views

Canada in talks on funding for GM, Chrysler-Globe

Chrysler making progress with CAW union -Ontario

UPDATE 2-AutoNation profit lower, but beats expectations

UPS profit falls as global downturn hits revenue

US Airways loss narrows on capacity cuts and fuel

UPDATE 1-Nova Chemicals reports big Q1 loss

UPDATE 1-Potash Corp Q1 profit slumps 46 percent

UPDATE 2-Thermo Fisher profit falls, lowers forecast

UPDATE 4-Akzo Nobel core Q1 profit halves, stability hinted at

McClatchy posts quarterly loss on falling ad sales

A third of US baseball teams' values decline-Forbes

Iberia says unlikely to be in the black in 2009

Scottish exports drop at fastest rate since 1983

IFS says Budget's 50p top tax 'won't work'

Violent robberies, burglaries and thefts all up in recession crime wave

UPDATE 2-Suncor sinks to net loss as_Petro-Canada deal nears

UPDATE 1-Nova Chemicals reports big Q1 loss

The Global Downturn Lands With a Zud on Mongolia's Nomads

Political drama at GE shareholders meeting

[edit on 4/23/2009 by Hx3_1963]

posted on Apr, 23 2009 @ 12:55 PM
Fed's balance sheet doubles in size in 2008

Banks May Need $1 Trillion of Extra Capital After Stress Tests, KBW Says

Wells Fargo Sued by California Over $1.5 Billion Auction-Rate Securities

Bank of America Options Indicate Bets on Short Sales, Credit Suisse Says

PNC, SunTrust Banks, Fifth Third Bolster Reserves for Bad Mortgage Loans

Fifth Third, Regions Among Banks Facing Struggle to Pass U.S. Stress Test

Torchmark Plunges After More Fixed-Income Holdings Are Cut to Junk Status

Dodd, Schumer Ask Fed for Immediate Limits on Credit-Card Rate Increases

GM To Freeze 13 Plants, Slash Production

GM slashes summer production, cites Delphi risk

U.S. prepares bankruptcy filing for Chrysler: NYT

Canada says may provide DIP finance for auto firms

Fiat could play role in both GM and Chrysler deals

Porsche, Piech Families Plan to Sell Main Automobile Assets to Volkswagen

UPDATE 1-Delphi gets extension, equity committee disbanded

Microsoft profit falls, see more weakness

AmEx reports 56% drop in quarterly net income[CBE90674-BFB8-4C94-8D8B-88490FD25169" target="_blank" class="postlink">&siteid=bnbh ]Marketwatch

Baltic Exchange Suspends Fortescue Metals From Shipping Bourse in London

Anshan Steel Says No `Clear' Indications When Iron Ore Prices Will Settle

Reliance Fourth-Quarter Net Profit Falls 9.2%, Missing Analysts' Estimates

Arab Banking Tumbles 41%, Triggering Record Plunge in Bahrain Share Index

Abu Dhabi Commercial First-Quarter Profit Drops 23% as Provisions Increase

Israeli Regulator May Abandon Plan to Guarantee Sales of Corporate Bonds

Latvia, Lithuania Cut by Moody's, Citing the Deepest Recessions in Europe

Snam Rete Profit Falls 13% as Factories, Generators Cut Demand in Crisis

German Parliament Sets Up Probe to Investigate Hypo Real Estate Bailout

Continental May Sell Shares, Assets to Cut $13.7 Billion Debt Amid Crisis

Vattenfall May Struggle to Attract $1.3 Billion Bids for German Power Grid

Endesa May Refinance Its Debt With $2.6 Billion Loan Arranged by Santander

Big French banks work on 'bad LBO bank' - paper

Brown Budget Marks End of Blair's `New Labour' as U.K. Taxes, Debt Climb

Lloyds Banking Group to Eliminate 985 Jobs in U.K. Motor, Asset Financing

Bank of Canada May Use Extraordinary Policies If Economic Outlook Worsens

Canada's Banks, World's Best, Become Easy Target for Ottawa `Bank Bashers'

Derivatives Bankers `Search Souls,' Plan Overhaul to Avoid Future Crises

Potash Slashes Profit Forecast After Fertilizer Sales Reach `Virtual Halt'

Canadian Pacific Profit Falls 31% on Less Shipping Demand for Potash, Coal

Mexican Corporate High-Yield Defaults Poised to Soar to 31%, JPMorgan Says

Brazil Prosecutor to Investigate Union's Allegations of Telemar Job Cuts

Venezuela Bolivar Falls in Parallel Market as Government Cuts Dollar Sales

South Africa's Current-Account Gap is a `Challenge,' Monde Mynande Says

Kenya Stockbrokers, Investment Banks Chairman Quits Amid Courruption Case

Guinea's Military Leader Camara Threatens to Shut Anglogold, Crew Mines

New York Times holds course in 'brutal' conditions

Cafferty: More pets abandoned in recession

Zakaria: 'Spiraling chaos' possible in Pakistan

[edit on 4/23/2009 by Hx3_1963]

posted on Apr, 23 2009 @ 01:23 PM
reply to post by Hx3_1963

Depression Cups...They should make another mug with Barney Frank, Chris Dodd and Nancy Pelosi.


posted on Apr, 23 2009 @ 04:04 PM

Unemployment Claims: Continued Claims at Record

Despite Optimism That a Recovery is Coming, Cost-Cutting Plans Far From Over for U.S. Companies, Hewitt Survey Reveals

I love the "recovery is coming bit"... well yes that is what will eventually happen -
if we are lucky.

posted on Apr, 23 2009 @ 04:56 PM
reply to post by burntheships
Star 4 U!

Funny stuff!

UPDATE 2-Fed data shows big losses on Bear Stearns deal

U.S. law chief wants financial fraud task force

UPDATE 1-Volcker urges bank basics, warns on backstopping

GM, Chrysler pensions raise bankruptcy stakes

PREVIEW-Ford seen posting Q1 loss, focus on sector turmoil

Credit card companies nearly double the cost of cash withdrawals

UPDATE 1-Eastman Chemical Q1 earnings plummet 98 percent

UPDATE 1-Minerals Technologies Q1 profit falls sharply

UPDATE 2-YRC posts bigger loss on charges, freight drops

UPDATE 1-Gardner Denver Q1 net halves, sees low demand staying

Jamaican army deployed ahead of tax increase

UPDATE 2-Argentina March industry output down 0.9 pct yr/yr

[edit on 4/23/2009 by Hx3_1963]

posted on Apr, 23 2009 @ 06:46 PM

Thur 4-23-2009

Arena Pharmaceuticals -130
Mark Andy Inc. -58
GM to Temporarily Shut 13 Plants for two months -26,000
Association of Fundraising Professionals -6
Alcoa Davenport Works -275
Freescale Semiconductor -69
City of Wilmington, DE -75
Eaton Corp. -66
GM Marketing Staff -45
Arizona school employees and teachers -5,500
Accent Marketing Services -163
Issaquah School Board -158
California Pacific Medical -200
University of Central FL -520
Agilent -300
Hampshire Group -15
Seattle Schools -70
City of Mansfield Police -18
Capital One -60

TOTAL - 33,735 +

and we still have a couple of hours to go.
I added the 26,000 - not to sensationalize - but because - for at least 2 months
there will be this many more people out of work - and collecting benefits.
Let's hope for new and better technology -
that these folks can go back to work doing.

Continued Unemployment claims at a record 640K, up 27K from last week Department of Labor: 300K jobs lost in March from mass layoffs
Survey: 25% of Large U.S. Companies Considering additional layoffs

posted on Apr, 24 2009 @ 02:13 AM
Headlines for April 24th 2009

Warning over US toxic asset plan

Germany's slump risks 'explosive' mood as second banking crisis looms

Chrysler talks intensify

[edit on 4/24/2009 by Hx3_1963]

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