2009 Depression Validated

Rich G7 can't go it alone to calm economic storm
uk.reuters.com...

Slow train coming for global economic recovery
uk.reuters.com...

Obama proposes $100 billion U.S. loan for IMF
uk.reuters.com...

Stocks Fall on Concern Credit Losses Are Worsening; Bank of America Drops
www.bloomberg.com...

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

Geithner says system health linked to bank paybacks: report
www.reuters.com...

BofA results spark global equity rout
uk.reuters.com...

Zions Bancorp has big loss
www.reuters.com...

UPDATE 2-Morgan Stanley may buy US regional banks - Nikkei
www.reuters.com...

Credit fears return to global stocks
uk.reuters.com...

AIG, Morgan Stanley Should Recoup $5 Billion of Executive Pay, Union Says
www.bloomberg.com...

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

Property asking prices fall 7.3 pct
uk.reuters.com...

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

Oil steadies above $45 after near 9-percent plunge
www.reuters.com...

Student Loans: Default Rates Are Soaring
online.wsj.com...

Union rejects Chrysler Canada demand ahead of talks
www.reuters.com...

UPDATE 1-Union says Chrysler Canada demands "not feasible"
www.reuters.com...

American Axle, Magna May Lose Most Revenue in GM or Chrysler Bankruptcies
www.bloomberg.com...

Eaton Shares Retreat After Loss, Third Reduction of 2009 Profit Forecast
www.bloomberg.com...

Lennar Tumbles on Possible Stock Sale, Lawsuit Over Drywall Made in China
www.bloomberg.com...

SL Green Falls After Reports of Biggest Tenant Citigroup's Credit Losses
www.bloomberg.com...

Putin's Tariffs Kick Caterpillar, Deere When They're Down as Sales Decline
www.bloomberg.com...

UPDATE 1-Brown-Forman says cutting jobs, costs
www.reuters.com...

China Faces Japan-Style Aging Threat With Plans to Revamp Pensions, Health
www.bloomberg.com...

Changjiang Securities Cancels $1.2 Billion Placement on Market Conditions
www.bloomberg.com...

Japan to Sell Additional $110 Billion in New Bonds to Finance Aso Stimulus
www.bloomberg.com...

Japan Airlines Asks for $2 Billion Loan From Development Bank of Japan
www.bloomberg.com...

Japan Eases Recession Pain With Wage Cuts That Keep Jobs, Save Companies
www.bloomberg.com...

Russia May Reduce Government Spending by 30% Next Year as Reserves Dwindle
www.bloomberg.com...

Pakistan Central Bank Cuts Rate for First Time Since 2002 to Boost Growth
www.bloomberg.com...

Saudi Telecom First-Quarter Ner Income Drops 18% on Foreign Exchange Moves
www.bloomberg.com...

Jordan Finance Minister Salem Planning Tax Cuts to Spur Foreign Investment
www.bloomberg.com...

National Industrialization Reports 25.8 Million-Riyal First-Quarter Loss
www.bloomberg.com...

ArcelorMittal Said to Cut Capacity at New Steel Factory in India by Half
www.bloomberg.com...

Tata Consultancy Profit Growth Slows on Order Delays; Prices to Decline
www.bloomberg.com...

Slovak Unemployment Rate Rises to Almost 3-Year High as Exports Collapse
www.bloomberg.com...

Netia, Polish Phone Company, to Cut 8.7% of Workforce by End of Next Month
www.bloomberg.com...

Bajnai Pledges Spending Cuts, Tax Revamp in Hungary Crisis Management Plan
www.bloomberg.com...

Euro Falls Below $1.29 for First Time in Month on Bets ECB Split on Policy
www.bloomberg.com...

Europe banks step up disposals
uk.reuters.com...

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

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

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

Darling to cut 15 billion pounds off public spending
uk.reuters.com...

Allied Irish Banks Says It Plans to Raise a Further $2 Billion in Capital
www.bloomberg.com...

French Stocks Decline; L'Oreal, Michelin and ArcelorMittal Pace the Drop
www.bloomberg.com...

BNP Paribas, Societe Generale to Slow Hiring in France as Recession Bites
www.bloomberg.com...

Bundesbank Says Recession Deepened in First Quarter as Export Demand Fell
www.bloomberg.com...

Opel Won't See `Uncontrolled Implosion' From a GM Bankruptcy, Schild Says
www.bloomberg.com...

Audi Says Profit May Fall More Than Sales as Demand for Larger Models Sags
www.bloomberg.com...

Arcandor Might Sell KaDeWe, Luxury Stores as Eick Seeks Ways to Lower Debt
www.bloomberg.com...

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

Australian Central Bank Decided on Interest Rate Cut as Unemployment Rose
www.bloomberg.com...

Emerging Market Government Credit `Markedly' Worse, Standard & Poor's Says
www.bloomberg.com...

Flaherty Says Canada `Still in a Serious Recession,' 2009 Will Be Tough
www.bloomberg.com...

Ontario Should Foster `Superfunds' by Allowing Funds to Merge, Omers Says
www.bloomberg.com...

Vale to Tell Canada Market Conditions Force Nickel-Output Cuts in Sudbury
www.bloomberg.com...

Mexico May Reduce Interest Rate to 5% as Economy Shrinks, Santander Says
www.bloomberg.com...

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

Bovespa Falls Most in Three Weeks on Commodity Drop, Outlook; Bolsa Slides
www.bloomberg.com...

Ecuador Offers Bondholders 30 Cents on the Dollar for Defaulted Securities
www.bloomberg.com...

South Africa Banks Will Have `Very Tough Year' as Rate Cut Benefit Delayed
www.bloomberg.com...

Congolese Inflation Accelerated to 54.4% in Third Week of April, Bank Says
www.bloomberg.com...

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

Global economic crisis hits German sex industry
uk.reuters.com...

[edit on 4/20/2009 by Hx3_1963]

LAYOFF DAILY
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.

Headlines for April 21st 2009

Pelosi Sets Wall Street Probe Modeled on Pecora in 1933 After Market Crash
www.bloomberg.com...
www.abovetopsecret.com...&flagit=456688

Economic Indicators Still Stuck In Reverse
www.cbsnews.com...

TOPWRAP 1-Hopes fade for speedy recovery, markets stumble
www.reuters.com...

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

Treasury Says ‘No Basis’ to Report on Bank Testing (Update2)
www.bloomberg.com...

Treasury asset plan vulnerable to abuse: watchdog
www.reuters.com...

Administration Could Relieve Banks By Taking Ownership Stake
www.foxnews.com...

UPDATE 1-EARNINGS AND THE ECONOMY-CEOs wary on recovery talk
www.reuters.com...

Treasury Estimates $900 Million of Losses From Citigroup Toxic Guarantees
www.bloomberg.com...

Citigroup's Shareholders Wonder When Treasury Ousts `Hall of Shame' Board
www.bloomberg.com...

Your credit is no good here
&siteid=nbsh]Marketwatch

U.S. credit card firms seek to limit crackdown
www.reuters.com...

Obama Vows Crackdown As Banks Hike Fees
www.cbsnews.com...

Obama: Cut the Budget by 1/35,000th
www.foxnews.com...

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

Chrysler Financial Denied Additional TARP Aid on Executives' Salary Limits
www.bloomberg.com...

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

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

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

UPDATE 1-Capmark: Auditors may doubt "going concern" ability
www.reuters.com...

Alarm Bells Go Off As Deflation Fears Hit Europe
globaleconomicanalysis.blogspot.com...

Deflation Trade Is Back On
globaleconomicanalysis.blogspot.com...

ICAP Loses 85% of Mortgage Bond Trading Gobbled Up by Bankers' Dealerweb
www.bloomberg.com...

Spain’s Falling Prices Fuel Deflation Fears in Europe
www.nytimes.com...

Iceland Voters Likely to Confirm Political Shift After Economy's Collapse
www.bloomberg.com...

UPDATE 2-Argentina's March primary surplus falls 61 pct
www.reuters.com...

Recession slows high-end coffee business
www.cnn.com...

Feds Confirm Spike in Crime During Downturn
www.foxnews.com...

Piracy Attacks Almost Double in Quarter as Somali Incidents Climb 10-Fold
www.bloomberg.com...

Wall Street Crash of 1929 and its aftermath
www.historylearningsite.co.uk...

Business Plot
en.wikipedia.org...

[edit on 4/21/2009 by Hx3_1963]

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]

FDIC discussed possible Pandit replacements at Citi: report
&siteid=nbsh]Marketwatch

Bank of NY Mellon cuts dividend as profit falls
www.reuters.com...

XLF: Huntington, Zions, Northern Trust fall after earnings
&siteid=nbsh]Marketwatch

BlackRock first-quarter profit falls 65 percent
www.reuters.com...

British economy falls into deflation for first time since 1960
www.telegraph.co.uk...

Merck profit falls short, shares fall 3 percent
www.reuters.com...

United Tech earnings fall 27.8 percent
www.reuters.com...

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
www.reuters.com...

[edit on 4/21/2009 by Hx3_1963]

Originally posted by spinkyboo

LAYOFF DAILY
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
www.msnbc.msn.com...

No quick solution to financial crisis: IMF
www.reuters.com...
news.bbc.co.uk...

Obama Rivaling FDR?
www.foxnews.com...

Let big banks fail, bailout skeptics say
money.cnn.com...

Boehner says people should be "outraged" about TARP report
www.foxnews.com...

House mulling creating special "commission" to investigate econo
www.foxnews.com...

Geithner Says Banks Have `Options' for Boosting Capital After Stress Tests
www.bloomberg.com...

Geithner: Taxpayers Should Share Risk on Banks
www.foxnews.com...

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

WRAPUP 3-US regional banks hit hard by recession, bad loans
www.reuters.com...

Capital One Posts $111.9 Million Quarterly Loss on Bad Credit-Card Loans
www.bloomberg.com...

Citi shareholders fume
money.cnn.com...

UPDATE 2-EuroFresh seeks bankruptcy, cites crop loss, labor
www.reuters.com...

Yahoo reports 78% drop in profit; firm to cut 5% of workforce
www.bloomberg.com...

AMD posts loss, CEO doubts PC market has bottomed
www.reuters.com...

GM Said to Accelerate Plant Closures, Model Cuts to Lower Break-Even Point
www.bloomberg.com...

Chrysler Lenders Said to Seek Equity in Exchange for Reducing Debt by 35%
www.bloomberg.com...

White House spurns Chrysler lenders' plan
money.cnn.com...

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

Treasury weighs new mortgage subsidies: sources
www.reuters.com...

Australia's Treasurer Says More Economic Stimulus, Bigger Deficit Expected
www.bloomberg.com...

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

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

North Korea Demands More Money From South for 38,000 Workers at Gaeseong
www.bloomberg.com...

China's Economic-Stimulus Plan `Has It Right,' Caterpillar's Burritt Says
www.bloomberg.com...

India Unexpectedly Cuts Benchmark Rate to 3.25% on Slower Growth Forecast
www.bloomberg.com...

India Attracts LNG Cargoes as World's Biggest Buyers Slash Fuel Imports
www.bloomberg.com...

Dubai Plans to Raise $10 Billion More This Year to Battle Credit Crisis
www.bloomberg.com...

Saudi Basic Drops After Posting Surprise Quarterly Loss, First Since 2001
www.bloomberg.com...

Dar Al-Arkan Real Estate Quarterly Net Drops 6.3% as Land Sales Decline
www.bloomberg.com...

Czech Economy to Shrink This Year More Than Forecast, Central Banker Says
www.bloomberg.com...

Kazakh BTA Bank Lost $1.74 Billion in First Quarter Over Loan Provisions
www.bloomberg.com...

Fiat Chairman Montezemolo Doesn't Exclude Further Alliances for Carmaker
www.bloomberg.com...

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

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

Savings Banks Can't Change Interest Rates on Credit at Will, Court Rules
www.bloomberg.com...

Conergy Drops Most Since 2005 IPO After Posting Loss, Reporting Sales Drop
www.bloomberg.com...

Deutsche Post Says Decline in Deliveries Accelerated in the First Quarter
www.bloomberg.com...

Sarkozy Promises a `Merciless' Crackdown on Gangs, Thugs as Violence Rises
www.bloomberg.com...

PPR Revenue Declines 8.4% to $6.22 Billion on Furniture, Electronics Units
www.bloomberg.com...

Peugeot Board Decides to Scrap Dividend Against 2008 Profit, Company Says
www.bloomberg.com...

Unibail-Rodamco Drops Most in Six Months as Consumers Spend Less at Malls
www.bloomberg.com...

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

Casino May Report Drop in First-Quarter Sales as Consumers Pare Spending
www.bloomberg.com...

UPDATE 2-ECB's Weber - No signs of economic green shoots
www.reuters.com...

IMF says UK facing bailout bill of £200bn
www.telegraph.co.uk...

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

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

'Ticking time bomb' warning as cost of going to university rises by two thirds
www.telegraph.co.uk...

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

Unemployment to rise again as 2,000 lose their jobs every day
www.telegraph.co.uk...

Deutsche Telekom Lowers Full-Year Profit Forecast, Citing Cost of Job Cuts
www.bloomberg.com...

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

Iceland Voters Likely to Confirm Political Shift After Economy's Collapse
www.bloomberg.com...

BNP Paribas Plans to Fire a Quarter of Canadian Workforce to Reduce Costs
www.bloomberg.com...

Caisse de Depot to Seize New York Office Tower as Macklowe Empire Shrinks
www.bloomberg.com...

Chavez Top Political Rival Rosales Flees Venezuela, Seeks Asylum in Peru
www.bloomberg.com...

South Africa Banks Will Have `Very Tough Year' as Rate Cut Benefit Delayed
www.bloomberg.com...

Barclays' Absa Says Debt Delinquencies Spread to Commercial Banking Unit
www.bloomberg.com...

Senate Seeks Restrictions on Internet Freedoms
www.foxnews.com...

The Illusions of the celebrated RECOVERY-A Depression is Coming
thecomingdepression.blogspot.com...

[edit on 4/21/2009 by Hx3_1963]

Headlines for April 22nd 2009

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

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

UPS May Report Second Sales Drop in Decade on Deepening Slump in Shipping
www.bloomberg.com...

Nation's Regional Economies Getting Worse, Finance Ministry Report Says
www.bloomberg.com...

Japan's Biggest Banks May Have to Seek Public Funds, Fitch's Marshall Says
www.bloomberg.com...

Philippines Budget Deficit Widens on Higher State Spending, Lower Revenue
www.bloomberg.com...

China Estimates 30 Million Farmers, 4% of Rural Population, Have Lost Jobs
www.bloomberg.com...

Wal-Mart Pressing Ahead With Plan to Cut China Management; Unions Involved
www.bloomberg.com...

Sri Lanka's Central Bank Lowers Interest Rates Ahead of IMF Bailout Loan
www.bloomberg.com...

Sri Lankan war in endgame, 81,000 escape rebel zone
www.reuters.com...

National Stock Exchange of India to Remove 50 Stocks From Derivative List
www.bloomberg.com...

India Train Seized, 350 Passengers Held Hostage by Suspected Maoist Rebels
www.bloomberg.com...

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

IMF to Lend Tajikistan $116 Million for Programs to Counter Global Slump
www.bloomberg.com...

Unipetrol, Biggest Czech Oil Company, Says Probably Had First-Quarter Loss
www.bloomberg.com...

Estonian Central Bank Says Economy May Shrink up to 12%, Paeevaleht Says
www.bloomberg.com...

Latvian Finance Minister Repse to Ask IMF for Wider Deficit, Diena Reports
www.bloomberg.com...

Statoil's Arctic Dominance Threatened as Exxon, Shell Encroach With Bids
www.bloomberg.com...

Weber Says Germany Is Too Focused on Manufacturing, Financial Times Says
www.bloomberg.com...

Electrolux Reports First-Quarter Loss of $40.6 Million as Demand Declines
www.bloomberg.com...

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

Praktiker Loss More Than Doubles as Cold, Recession Keep Shoppers at Home
www.bloomberg.com...

UPDATE 1-French workers trash buildings over layoffs
www.reuters.com...

PPR Sales Drop; French Furniture, Electronics Slump Offsets Gucci Growth
www.bloomberg.com...

Nexans First-Quarter Sales Decline $1.35 Billion on Drop in Cable Demand
www.bloomberg.com...

Casino May Report Drop in First-Quarter Sales as Consumers Pare Spending
www.bloomberg.com...

Peugeot Citroen First-Quarter Sales Fall 25%; Carmaker Expects 2009 Loss
www.bloomberg.com...

Nestle Sales Decline 2.1% as Consumers Seek Cheaper Alternatives to Brands
www.bloomberg.com...

Budget 2009: British taxpayers face £5k bill each due to financial crisis
www.telegraph.co.uk...

Budget 2009: last chance to resolve school funding crisis
www.telegraph.co.uk...

Elan Reports First-Quarter Loss as Costs Overshadow Surging Tysabri Sales
www.bloomberg.com...

Strippers, Protesters Are Welcome on Trafalgar Square Plinth, Gormley Says
www.bloomberg.com...

Resolute Says 3,500 Ounces of Gold Stolen From Golden Pride in Tanzania
www.bloomberg.com...

[edit on 4/22/2009 by Hx3_1963]

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.

World economy in severe recession, IMF says
www.reuters.com...

Britain and US at odds over further bank bail-outs
www.telegraph.co.uk...

Geithner acknowledges U.S. fault in crisis
www.reuters.com...

More Rescued Banks Might Suspend Interest Payments
washingtonpost.com

Municipal Carnage caused by Wall Street
kingfish1935.blogspot.com...

Bear market still grips stock, credit markets
www.reuters.com...

Fannie, Freddie Defaults Rise as Borrowers Cite Lower Income
www.bloomberg.com...

Commercial Real Estate Time Bomb Goes Off But No One Notices
globaleconomicanalysis.blogspot.com...

AT&T quarterly profit and revenue fall
www.reuters.com...

Sun Belt states lead Q1 U.S. mortgage foreclosures
www.reuters.com...

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

Boeing profit narrows as economy hits orders
www.reuters.com...

UPDATE 1-Knight Capital Q1 profit dives 71 pct
www.reuters.com...

Recession fuels worries of U.S. workplace violence
www.reuters.com...

U.S. recession linked to more abortions, vasectomies
www.reuters.com...

Japan's trade surplus dives 99% in March as exports plunge
www.marketwatch.com...

UPDATE 1-PKN sees Q1 results hit by $43 mln in provisions
www.reuters.com...

TIMELINE-VW Q1 operating profit drops by 76 percent
www.reuters.com...

TIMELINE-Peugeot Q1 revenue drops 25 percent
www.reuters.com...

UPDATE 2-EU and Commerzbank agree rescue aid terms-source
www.reuters.com...

Budget 2009: Alistair Darling admits UK faces deep recession
www.telegraph.co.uk...

Budget 2009: Alistair Darling faces 'day of reckoning', David Cameron says
www.telegraph.co.uk...

Budget 2009: David Cameron condemns 'Government of living dead'
www.telegraph.co.uk...

Alistair Darling and Gordon Brown vanish down budget black hole
www.telegraph.co.uk...

Public borrowing hits record £90billion, ONS figures show
www.telegraph.co.uk...

Alistair Darling unveils 50 per cent tax rate in Budget 2009
www.telegraph.co.uk...

Drinkers and smokers face price rises after Budget 2009
www.telegraph.co.uk...

Unemployment hits highest level since Labour came to power
www.telegraph.co.uk...

Pensioners hit as deflation hits for first time in 49 years
www.telegraph.co.uk...

Train companies condemned as passengers face 'scandalous' price rises
www.telegraph.co.uk...

Girls' private school close as recession bites
www.telegraph.co.uk...

RBS Asia sale throws up price, regulatory clouds
www.reuters.com...

[edit on 4/22/2009 by Hx3_1963]

Geithner Says Global Crisis Unprecedented
www.cbsnews.com...

Geithner urges global effort to tamp crisis
www.reuters.com...

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

Banks Hinder Efforts to Offer Mortgage, Credit-Card Relief
www.cnbc.com...

Credit-Card Firms Don't Care
www.cnbc.com...

Traders Mounting "Speculative Attack" on U.S. Banks
finance.yahoo.com...

US looks to tangible common equity in stress tests
www.reuters.com...

Banks to get stress test results Friday: report
www.reuters.com...

Worst Foreclosure Rates Found In 4 States
www.cbsnews.com...

February home prices up, down 6.5 percent in year
www.reuters.com...

Too Many Houses Are Keeping Prices Low: LeFrak
www.cnbc.com...

GM says won't make June 1 debt payment of $1 billion: report
www.reuters.com...

U.S., Banks In Standoff Over Chrysler
www.cbsnews.com...

Automaker liquidation may focus on brands, patents
www.reuters.com...

If Chrysler talks fail, Fiat may turn to GM
www.reuters.com...

Fiat May Have to Sell CNH Unit to Help Fund Chrysler Deal, Bernstein Says
www.bloomberg.com...

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

Private equity firms steer clear of Opel
www.reuters.com...

Dealers to meet autos task force: sources
www.reuters.com...

Oil falls on U.S. inventories, IMF forecast
www.reuters.com...

GE CEO Blasted by Shareholders For Dividend Cut
www.cnbc.com...

Asyst Technologies files for Chapter 11, seeks buyer
www.reuters.com...

GlaxoSmithKline Says First-Quarter Profit Dropped 14% to $1.65 Billion
www.bloomberg.com...

UPDATE 3-Kimberly-Clark profit falls; sees lower 2009 sales
www.reuters.com...

Apache cutting 6 percent of jobs worldwide
www.reuters.com...

Australia's Treasurer Says More Economic Stimulus, Bigger Deficit Expected
www.bloomberg.com...

Australia's Inflation Slows to Weakest Pace in 18 Months Amid Recession
www.bloomberg.com...

Thailand's Political Chaos May Worsen GDP Contraction, Central Bank Says
www.bloomberg.com...

Parliament Passes Law for Government to Buy Shares in Struggling Big Firms
www.bloomberg.com...

China Estimates 30 Million Farmers, 4% of Rural Population, Have Lost Jobs
www.bloomberg.com...

Wal-Mart Pressing Ahead With Plan to Cut China Management; Unions Involved
www.bloomberg.com...

China Cosco Seeks to Delay, Cancel New Ships on Loss, World Trade Slowdown
www.bloomberg.com...

China Shipping Container Expects First-Quarter Loss on Collapse in Trade
www.bloomberg.com...

China to Seek Larger Africa Investments, China-Africa's Mark Fung Says
www.bloomberg.com...

India May Have Cotton `Mountain' If Farmers Get High Prices, Ministry Says
www.bloomberg.com...

Estonian Economy May Shrink as Much as 15.3% This Year, Central Bank Says
www.bloomberg.com...

Serbian Central Bank Lowers Key Interest Rate to 14%, Third Cut in 2009
www.bloomberg.com...

Unipetrol, Biggest Czech Oil Company, Probably Had Loss in First Quarter
www.bloomberg.com...

Macedonia Will Stick With Currency Peg as Economy Slumps, Milososki Says
www.bloomberg.com...

IMF Says It Hasn't Received a Request for Loan From Bulgaria's Government
www.bloomberg.com...

Italian Economy to Contract 4.4%, Twice the Previous Forecast, IMF Says
www.bloomberg.com...

Saipem's First-Quarter Profit Declined 43% Following Asset Sale Last Year
www.bloomberg.com...

Italian Poverty Increases on Difficult Access to Joining Labor Market
www.bloomberg.com...

Merkel Rejects New Stimulus Program as Economic Data Worsens
www.bloomberg.com...

Economic Institutes See GDP Falling 6% This Year, Government Official Says
www.bloomberg.com...

Porsche May Form Holding Company With Volkswagen, Manager-Magazin Reports
www.bloomberg.com...

Lagarde to Push European Union Partners to Give IMF More Than $100 Billion
www.bloomberg.com...

LVMH Sales Are Little Changed as Moet Champagne, Tag Heuer Demand Plunges
www.bloomberg.com...

PPR Falls Most in Three Months on Negative Luxury Forecast by Executives
www.bloomberg.com...

France to Crack Down on Violent Labor Protests, Prime Minister Fillon Says
www.bloomberg.com...

WRAPUP 2-UK to shrink at fastest pace since 1945, debt at record
www.reuters.com...

Budget 2009: Hauliers blame 'Dracula Chancellor' for job losses
www.telegraph.co.uk...

Business leaders lambast Alistair Darling for raising taxes on rich in Budget 2009
www.telegraph.co.uk... l

Budget 2009: Alistair Darling accused of putting recovery at risk with 50pc tax on high earners
www.telegraph.co.uk...

COLUMN-Darling gambles with Britain's credit: Neil Collins
www.reuters.com...

Budget 2009: Housebuilders see £500m fund and stamp duty holiday as base for growth
www.telegraph.co.uk...

UK budget offers crutch but no cure for builders
www.reuters.com...

Fuel price 'bombshell' as Budget 2009 offers motorists 'generous' scrappage scheme
www.telegraph.co.uk...

Budget 2009: Alistair Darling unveils car scrappage scheme
www.telegraph.co.uk...

Canada March Leading Indicator Falls More Than Expected on Cars Sales Drop
www.bloomberg.com...

Latin American Economy to Contract 1.5% in 2009, Rebound in 2010, IMF Says
www.bloomberg.com...

Brazil Hedge Fund Mercatto Sells Larger Banks, Builders, Buys Small-Caps
www.bloomberg.com...

World Bank Cuts its Sub-Saharan Africa 2009 Growth Forecast to 2.4%
www.bloomberg.com...

South African GDP to Shrink; African Growth to Slow, IMF Says in Report
www.bloomberg.com...

Angola to Cut 40% of `Running Expenses,' Finance Ministry Spokesman Says
www.bloomberg.com...

Eskom Holdings Should Consider Selling Power Plants, Finance Agency Says
www.bloomberg.com...

NATO May Step Up Anti-Piracy Mission as Attacks Mount on Ocean Tankers
www.bloomberg.com...

[edit on 4/22/2009 by Hx3_1963]

U.S. Senate backs panel to probe financial fraud
www.reuters.com...

The Reeducation of Tim Geithner
portfolio.com

Banks Need More Capital If Unemployment Exceeds 10% -FBR Test
money.cnn.com...

US Treasury hires firms to manage TARP investments
www.reuters.com...

'TARP babies' struggle to pay back government
money.cnn.com...

Fannie, Freddie Defaults Rise as Borrowers Cite Lower Income
www.bloomberg.com...

California Foreclosures Are Back With A Vengeance
www.cnbc.com...

Pimco’s McCulley Says Commercial Mortgages ‘Broken’ (Update3)
www.bloomberg.com...

10 Highest Homeowner Vacancy Rates
www.cnbc.com...

Urban Regression
www.cnbc.com...

GM plans to close U.S. factories for nine weeks
www.ksdk.com...

Michigan's governor appeals to Chrysler lenders
www.reuters.com...

Japan Pays Foreign Workers to Go Home, Forever
nytimes.com

Middle East Growth to Halve, Oil Producer Economies to Contract, IMF Says
www.bloomberg.com...

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

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

Government departments facing funding cuts under Budget
www.telegraph.co.uk...

People earning over £100k to be stripped of valuable allowances under Budget
www.telegraph.co.uk...

Colombian Bonds Reach 2-Year High on IMF Line; Chile Peso Drops
www.bloomberg.com...

The World's Biggest Debtor Nations
www.cnbc.com...

[edit on 4/22/2009 by Hx3_1963]

Headlines for April 23rd 2009

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

Banks May Be Required to Disclose Capital Needs After Stress-Test Results
www.bloomberg.com...

SunTrust Banks has big first-quarter loss
www.reuters.com...

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

U.S. Senate backs panel to probe financial fraud
www.reuters.com...

Mortgage Bondholders Form Battle Lines Over Obama Housing Plan, Cramdowns
www.bloomberg.com...

U.S. existing home sales seen slipping in March
www.reuters.com...

Carnival barkers? No, U.S. sellers hawking homes
www.reuters.com...

Bernanke Wins Respite as More Empty Houses Means Stimulus Can Stay Longer
www.bloomberg.com...

Obama to Meet Credit-Card Executives in Push to End `Deceptive' Practices
www.bloomberg.com...

Undisclosed Fees Ravage 401(k)s
www.cbsnews.com...

Cruel Summer Ahead for GM Factories
www.foxnews.com...

Fiat to sign Opel stake deal on Tuesday: report
www.reuters.com...

Treasury Said to Ask Chrysler's Banks to Write Down Debt to $1.5 Billion
www.bloomberg.com...

Ford May Avoid Bailout Even After Largest First-Quarter Loss in 17 Years
www.bloomberg.com...

Hartford Financial Said to Seek Bids for Property Unit From Travelers, Ace
www.bloomberg.com...

New Zealand Bank Profits Will Decline on Bad Debt Provisions, Says KPMG
www.bloomberg.com...

Australia May Not Continue First-Home Buyer Grants After June 30, Age Says
www.bloomberg.com...

Caltex Says Recession May Cause `Shake-Out' Among Australian Oil Refiners
www.bloomberg.com...

Anshan Steel Says No `Clear' Indications When Iron Ore Prices Will Settle
www.bloomberg.com...

Government to Forecast Economy to Contract 3.3% This Year, Official Says
www.bloomberg.com...

Mizuho Posts Wider-Than-Forecast $5.4 Billion Loss as Investments Tumble
www.bloomberg.com...

Toyota's Sales Fall for a Third Quarter as Recession Curbs Vehicle Demand
www.bloomberg.com...

Richard Li Scraps PCCW Buyout Bid After Court Blocks Deal; Shares Plunge
www.bloomberg.com...

Kirin Offers to Buy Lion Nathan to Expand Abroad as Japanese Sales Decline
www.bloomberg.com...

China Minmetals Gains Australian Approval for Revised OZ Minerals Offer
www.bloomberg.com...

China's Corporate Profits Plunged 73% in the Fourth Quarter, Haitong Says
www.bloomberg.com...

More than 100,000 civilians flee Sri Lanka warzone
www.reuters.com...

Hyundai Posts Lowest Quarterly Profit in 7 Years as Global Auto Sales Fall
www.bloomberg.com...

Russian Central Bank Cuts Its Key Refinancing Rate by Half-Point to 12.5%
www.bloomberg.com...

Emerging-Market Short Sales Climb Most Since 2007 as Profit Outlook Dims
www.bloomberg.com...

Sinosteel Delays Building $4 Billion Indian Steel Factory, Citing Demand
www.bloomberg.com...

Sterlite Can Buy Bankrupt Copper Miner Asarco for $1.7 Billion, Judge Says
www.bloomberg.com...

RAK Properties Says It Didn't Make Any Sales in First Quarter Amid Crisis
www.bloomberg.com...

Romania Wins Final Approval From IMF for 13 Billion-Euro Financing Loan
www.bloomberg.com...

Petrol of Slovenia First-Quarter Net Income Falls 30% on Lower Oil Prices
www.bloomberg.com...

Polish Banks to Post Worsening First-Qurter Profit, Rzeczpospolita Reports
www.bloomberg.com...

Nomura Advises Taking a Cautious View on Polish Banks After Past Rally
www.bloomberg.com...

Hungarian Retail Sales Decline for 25th Month on Budget Measures, Growth
www.bloomberg.com...

Europe under fire over handling of financial crisis
www.thepeninsulaqatar.com...

UPDATE 1-Hedge fund body attacks drafting of EC directive
www.reuters.com...

European Services, Manufacturing Shrink for 11th Month; Contraction Slows
www.bloomberg.com...

European Industrial Orders Drop by Record 34.5% on Global Economic Slump
www.bloomberg.com...

Fiat Chief May Break Pledge, Invest Cash as Chrysler Deadline Approaches
www.bloomberg.com...

Snam Rete Gas First Quarter Net Income Falls 13% as Gas Demand Declines
www.bloomberg.com...

Economy to Shrink 6% in 2009, Jobless to Hit 4.7 Million, Institutes Say
www.bloomberg.com...

Continental AG to Present Restructuring Plan in 100 Days, CEO Neumann Says
www.bloomberg.com...

MTU Aero Quarterly Net Income Slides 30% on Development Costs, Recession
www.bloomberg.com...

Vattenfall May Struggle to Attract Offers for German Grid as Bidders Exit
www.bloomberg.com...

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

Budget 2009: Government's economic recovery predictions 'utter fantasy'
www.telegraph.co.uk...

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

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

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

WH Smith Profit Drops as Recession Weighs on City-Center Newspaper Sales
www.bloomberg.com...

Dublin Deflation Sounds Alarm for Europe as ECB Hesitates on Buying Bonds
www.bloomberg.com...

Carney to Detail Canada Plan for New Tools After Cutting Rate to Near Zero
www.bloomberg.com...

Canada March Leading Indicator Falls More Than Expected on Cars Sales Drop
www.bloomberg.com...

Suncor Swings to Quarterly Loss as Recession Pulls Crude Oil Prices Lower
www.bloomberg.com...

Cemex May Spend Decade Hoarding Cash After Averting Default, Gartmore Says
www.bloomberg.com...

Ghana Seeking $1 Billion Loan From the IMF to Correct Economic Imbalances
www.bloomberg.com...

Guinea's Military Leader Camara Threatens to Shut Anglogold, Crew Mines
www.bloomberg.com...

Congo May Halt French Radio Broadcasts on `Destabilization,' Minister Says
www.bloomberg.com...

Gold Advances for a Second Day After IMF Forecasts Global Economic Slump
www.bloomberg.com...

Communities print their own currency
www.cnn.com...

[edit on 4/23/2009 by Hx3_1963]

Cuomo questions TARP, pressure on B of A's Lewis
www.reuters.com...

Cuomo’s letter to regulators
charlotte.bizjournals.com...

Treasury called to account over use of taxpayer funds
&siteid=nbsh]Marketwatch

Treasury yields reach highest in five weeks as auction looms
www.marketwatch.com...

Auditors: Nearly 25% of Companies May Not Be Going Concerns
www.cfo.com...

U.S. mass layoffs rise to highest on record
www.reuters.com...

Initial jobless claims rise; continuing claims hit new record
www.marketwatch.com...

March Existing-Home Sales Slip but First-Time Buyers Rise
www.realtor.org...

More sellers slash home prices in NYC than elsewhere
www.reuters.com...

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

Bob Auer doubts most earnings are as good as they sound
www.marketwatch.com...

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

UPDATE 2-Investment bank Greenhill Q1 profit falls 28 pct
www.reuters.com...

UPDATE 1-Invesco profit slumps, falls short of views
www.reuters.com...

Canada in talks on funding for GM, Chrysler-Globe
www.reuters.com...

Chrysler making progress with CAW union -Ontario
www.reuters.com...

UPDATE 2-AutoNation profit lower, but beats expectations
www.reuters.com...

UPS profit falls as global downturn hits revenue
www.reuters.com...

US Airways loss narrows on capacity cuts and fuel
www.reuters.com...

UPDATE 1-Nova Chemicals reports big Q1 loss
www.reuters.com...

UPDATE 1-Potash Corp Q1 profit slumps 46 percent
www.reuters.com...

UPDATE 2-Thermo Fisher profit falls, lowers forecast
www.reuters.com...

UPDATE 4-Akzo Nobel core Q1 profit halves, stability hinted at
www.reuters.com...

McClatchy posts quarterly loss on falling ad sales
www.reuters.com...

A third of US baseball teams' values decline-Forbes
www.reuters.com...

Iberia says unlikely to be in the black in 2009
www.reuters.com...

Scottish exports drop at fastest rate since 1983
www.telegraph.co.uk...

IFS says Budget's 50p top tax 'won't work'
www.telegraph.co.uk...

Violent robberies, burglaries and thefts all up in recession crime wave
www.telegraph.co.uk...

UPDATE 2-Suncor sinks to net loss as_Petro-Canada deal nears
www.reuters.com...

UPDATE 1-Nova Chemicals reports big Q1 loss
www.reuters.com...

The Global Downturn Lands With a Zud on Mongolia's Nomads
online.wsj.com...

Political drama at GE shareholders meeting
uk.reuters.com...

[edit on 4/23/2009 by Hx3_1963]

Fed's balance sheet doubles in size in 2008
www.reuters.com...

Banks May Need $1 Trillion of Extra Capital After Stress Tests, KBW Says
www.bloomberg.com...

Wells Fargo Sued by California Over $1.5 Billion Auction-Rate Securities
www.bloomberg.com...

Bank of America Options Indicate Bets on Short Sales, Credit Suisse Says
www.bloomberg.com...

PNC, SunTrust Banks, Fifth Third Bolster Reserves for Bad Mortgage Loans
www.bloomberg.com...

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

Torchmark Plunges After More Fixed-Income Holdings Are Cut to Junk Status
www.bloomberg.com...

Dodd, Schumer Ask Fed for Immediate Limits on Credit-Card Rate Increases
www.bloomberg.com...

GM To Freeze 13 Plants, Slash Production
www.cbsnews.com...

GM slashes summer production, cites Delphi risk
www.reuters.com...

U.S. prepares bankruptcy filing for Chrysler: NYT
www.reuters.com...

Canada says may provide DIP finance for auto firms
www.reuters.com...

Fiat could play role in both GM and Chrysler deals
www.reuters.com...

Porsche, Piech Families Plan to Sell Main Automobile Assets to Volkswagen
www.bloomberg.com...

UPDATE 1-Delphi gets extension, equity committee disbanded
www.reuters.com...

Microsoft profit falls, see more weakness
www.reuters.com...

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

Baltic Exchange Suspends Fortescue Metals From Shipping Bourse in London
www.bloomberg.com...

Anshan Steel Says No `Clear' Indications When Iron Ore Prices Will Settle
www.bloomberg.com...

Reliance Fourth-Quarter Net Profit Falls 9.2%, Missing Analysts' Estimates
www.bloomberg.com...

Arab Banking Tumbles 41%, Triggering Record Plunge in Bahrain Share Index
www.bloomberg.com...

Abu Dhabi Commercial First-Quarter Profit Drops 23% as Provisions Increase
www.bloomberg.com...

Israeli Regulator May Abandon Plan to Guarantee Sales of Corporate Bonds
www.bloomberg.com...

Latvia, Lithuania Cut by Moody's, Citing the Deepest Recessions in Europe
www.bloomberg.com...

Snam Rete Profit Falls 13% as Factories, Generators Cut Demand in Crisis
www.bloomberg.com...

German Parliament Sets Up Probe to Investigate Hypo Real Estate Bailout
www.bloomberg.com...

Continental May Sell Shares, Assets to Cut $13.7 Billion Debt Amid Crisis
www.bloomberg.com...

Vattenfall May Struggle to Attract $1.3 Billion Bids for German Power Grid
www.bloomberg.com...

Endesa May Refinance Its Debt With $2.6 Billion Loan Arranged by Santander
www.bloomberg.com...

Big French banks work on 'bad LBO bank' - paper
www.reuters.com...

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

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

Bank of Canada May Use Extraordinary Policies If Economic Outlook Worsens
www.bloomberg.com...

Canada's Banks, World's Best, Become Easy Target for Ottawa `Bank Bashers'
www.bloomberg.com...

Derivatives Bankers `Search Souls,' Plan Overhaul to Avoid Future Crises
www.bloomberg.com...

Potash Slashes Profit Forecast After Fertilizer Sales Reach `Virtual Halt'
www.bloomberg.com...

Canadian Pacific Profit Falls 31% on Less Shipping Demand for Potash, Coal
www.bloomberg.com...

Mexican Corporate High-Yield Defaults Poised to Soar to 31%, JPMorgan Says
www.bloomberg.com...

Brazil Prosecutor to Investigate Union's Allegations of Telemar Job Cuts
www.bloomberg.com...

Venezuela Bolivar Falls in Parallel Market as Government Cuts Dollar Sales
www.bloomberg.com...

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

Kenya Stockbrokers, Investment Banks Chairman Quits Amid Courruption Case
www.bloomberg.com...

Guinea's Military Leader Camara Threatens to Shut Anglogold, Crew Mines
www.bloomberg.com...

New York Times holds course in 'brutal' conditions
www.reuters.com...

Cafferty: More pets abandoned in recession
caffertyfile.blogs.cnn.com...

Zakaria: 'Spiraling chaos' possible in Pakistan
www.cnn.com...

[edit on 4/23/2009 by Hx3_1963]

reply to post by Hx3_1963



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

Copyright: Zazzle.com
[atsimg]http://files.abovetopsecret.com/images/member/1490bc4f5edb.jpg[/atsimg]

Unemployment Claims: Continued Claims at Record

www.calculatedriskblog.com...

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

www.earthtimes.org...

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

reply to post by burntheships
Star 4 U!

Funny stuff!

UPDATE 2-Fed data shows big losses on Bear Stearns deal
www.reuters.com...

U.S. law chief wants financial fraud task force
www.reuters.com...

UPDATE 1-Volcker urges bank basics, warns on backstopping
www.reuters.com...

GM, Chrysler pensions raise bankruptcy stakes
www.reuters.com...

PREVIEW-Ford seen posting Q1 loss, focus on sector turmoil
www.reuters.com...

Credit card companies nearly double the cost of cash withdrawals
www.telegraph.co.uk...

UPDATE 1-Eastman Chemical Q1 earnings plummet 98 percent
www.reuters.com...

UPDATE 1-Minerals Technologies Q1 profit falls sharply
www.reuters.com...

UPDATE 2-YRC posts bigger loss on charges, freight drops
www.reuters.com...

UPDATE 1-Gardner Denver Q1 net halves, sees low demand staying
www.reuters.com...

Jamaican army deployed ahead of tax increase
www.reuters.com...

UPDATE 2-Argentina March industry output down 0.9 pct yr/yr
www.reuters.com...

[edit on 4/23/2009 by Hx3_1963]

LAYOFF DAILY
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.

and...
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

Headlines for April 24th 2009

Warning over US toxic asset plan
www.ft.com...

Germany's slump risks 'explosive' mood as second banking crisis looms
www.telegraph.co.uk...

Chrysler talks intensify
www.detnews.com...

[edit on 4/24/2009 by Hx3_1963]