2009 Depression Validated

China's `Super Currency' Call May Show Dollar Concern, Leadership Ambition
www.bloomberg.com...

U.S.' Geithner, Bernanke reject global currency idea
www.reuters.com...

AIG Tax Legislation May Not Be Needed If Bonuses Are Returned, Hoyer Says
www.bloomberg.com...

UK population must fall to 30m, says Porritt
www.timesonline.co.uk...

Rail Union to Stage 24-Hour Strike on Two London Commuter Lines Next Week
www.bloomberg.com...

Ireland Sells 1 Billion Euros of Bonds in First Debt Auction in Four Years
www.bloomberg.com...

Koehler Says Democracy at Stake Amid Economic Crisis, Urges No Squabbling
www.bloomberg.com...

DuPont, Lockheed Facing Higher Costs From Underfunded Pensions
www.bloomberg.com...

BlackRock's Global Macro Hedge Fund Bets on Further Stock-Market Declines
www.bloomberg.com...

Legg Mason Bond Unit Cuts 100 Jobs, or 10% of Staff, on Client Redemptions
www.bloomberg.com...

Mortage-Refinancing Boom Fuels Surge in Bank Fees to Highest in Nine Years
www.bloomberg.com...

Bank of America shares fall as two Merrill men exit
www.marketwatch.com...

Lloyd's of London profit halves to $2.8 billion
www.reuters.com...

Swiss private banks face consolidation wave
www.reuters.com...

Wilbur Ross Defies Bruce Rose in Tranche Warfare Between Housing Villains
www.bloomberg.com...

Canadian Government Says Demand Is Waning for Mortgage-Purchase Program
www.bloomberg.com...

Bank of China Fourth-Quarter Profit Drops 59% on Mortgage, Loan Writedowns
www.bloomberg.com...

U.K. Inflation Unexpectedly Rose to 3.2% in February on Food Costs, Pound
www.bloomberg.com...

Sell Chinese 5-Year Corporate Debt as Inflation Likely to Revive, GF Says
www.bloomberg.com...

Mexico's Consumer Prices Rose More Than Forecast in First Half of March
www.bloomberg.com...

Australian Fund Managers Facing `Numerous Earnings Headwinds,' RBS Says
www.bloomberg.com...

South Korea Plans to Spend a Record $13 Billion to Arrest Economic Slump
www.bloomberg.com...

Thailand's Central Bank Predicts Bad Loans May Rise as GDP, Demand Sink
www.bloomberg.com...

Vietnam Dong Falls Most Since December as Central Bank Widens Trading Band
www.bloomberg.com...


Kudrin Says Russian Banks Face Second Wave of Bad Loans as Companies Reel
www.bloomberg.com...

Baltic Currency Pegs Are `Burning Fuse' as 50% Devaluation Looms, RBS Says
www.bloomberg.com...

Lithuania's Debt Rating Cut by S&P as Baltic Country's Boom Turns to Bust
www.bloomberg.com...

Serbian Central Banker Confident of Reaching Agreement With IMF This Week
www.bloomberg.com...

Romania, IMF Discuss Wider Budget Deficit Target, 4% Economic Contraction
www.bloomberg.com...

EU Gives France, Spain to 2012 to Curb Deficit; Ireland Gets 2013 Deadline
www.bloomberg.com...

French Manufacturers' Confidence Stalls as Consumers Cut Back on Spending
www.bloomberg.com...

Ecuador's Correa to Present Bond Restructuring Plan This Week, UBS Says
www.bloomberg.com...

Central African Economic Community Cuts Growth Forecast to 2.8%, Bank Says
www.bloomberg.com...

Falling credit quality hobbles new equipment finance in Feb.
www.marketwatch.com...

Iron Ore to Decline for Two Years on `Whopping Oversupply,' Citigroup Says
www.bloomberg.com...

Novolipetsk Steel Has Loss, Expects Slump to Continue After First Quarter
www.bloomberg.com...

Petrol, Slovenian Energy Company, Has First Loss in 12 Years on Asset Drop
www.bloomberg.com...

U.S. Automakers Said to Near 10,000 Union Buyouts as Job Security Dwindles
www.bloomberg.com...

Domestic Auto Sales May Decline to a 32-Year Low on Recession Next Year
www.bloomberg.com...

Li & Fung May Post Slowest Profit Growth in Seven Years on U.S. Recession
www.bloomberg.com...

World's airlines seen losing billions this year
www.reuters.com...

Kansai Airport Forecasts Decline in Flights For First Time Since 2002
www.bloomberg.com...

Sanyo Forecasts $916 Million Annual Loss on Chips, Electronic Components
www.bloomberg.com...

Fondiaria-Sai 2008 Net Income Falls on Writedowns; Company Cuts Dividend
www.bloomberg.com...

Metro Net Unexpectedly Drops on Electronics-Store Costs, Spending Decline
www.bloomberg.com...

Tokyo Motor Show Exhibitors Fall 49% as BMW, Daimler, Ford Pare Marketing
www.bloomberg.com...

Buyers Hunting Art-Fair Bargains Force Dealers to Cut Price as Much as 30%
www.bloomberg.com...

U.S. to crack down on Mexico border violence
www.reuters.com...

Next Foreign Crisis Could Be Next Door
www.nytimes.com...

Mexico `Failed State' Talk Is Overblown, Credit Still Solid, Moody's Says
www.bloomberg.com...

From Hedge Funds to Pizza Delivery
www.fundmymutualfund.com...

Fired Doctor of Derivatives Waits to Cry as Finance Jobs Vanish
www.bloomberg.com...

The Toxic Assets We Elected
www.jewishworldreview.com...

[edit on 3/24/2009 by Hx3_1963]

Little things locally:
Rural Walmart's shelves are pittifully bare,produce bins 1/2 full.Prices higher,of course.
My local gym (non-chain) puts a piece of paper on the door looking for $10.00 an hours mostly maintainance help: over 150 people hear about it and pop in to fill out an ap.
This is in an area of maybe 4000 residents?
Seeds and plants in every local nursery sell out almost immediately,some wait for "trucks" to arrive on Mondays.Heirlooms are twice as much and you literally have to grab them or they are gone.
Service industries locally are hurting: no funding for large commerical jobs at all and I'd venture to guess that 85% of newly created strip malls in the area are vacant.

Stars 4 Dadadoom & Irishchic !!!

Thank You for your input!!!

Glad to see I'm getting a little more traffic these days...even though it's concerning bad news...

CORRECTED - IMF's Lipsky-Reserve currency issue a long-term one
www.reuters.com...

Fox Confirms: Letters mimicking anthrax scare sent to Congress
www.foxnews.com...,2009-03-24

Toxic Asset Plan May Involve Purchases From Funds (Update1)
www.bloomberg.com...

Britain cannot afford any further fiscal stimulus, King warns
www.guardian.co.uk...

UPDATE 1-IMF revamps lending, creates new credit line
www.reuters.com...

UPDATE 1-Fed will start buying Treasuries on Wednesday
www.reuters.com...

Boehner says Geithner nonbank plan a power grab
www.reuters.com...

Obama admin. seeks powers to shut firms like AIG
www.reuters.com...

Goldman Sachs' speed to repay TARP may spur others
www.reuters.com...

U.S. financial firms want more on mark-to-market
www.reuters.com...

U.S. boardroom group launches governance campaign
www.reuters.com...

UPDATE 1-Citi reverse split could keep it in Dow-DJ Indexes
www.reuters.com...

UPDATE 1-Pop Milano to seek govt aid, net falls 77 pct
www.reuters.com...

Total's Port Arthur, TX, refinery cuts unconfirmed
www.reuters.com...

Valero says Corpus FCC shut, maybe indefinitely
www.reuters.com...

Ford family in focus as car crisis deepens
www.reuters.com...

UPDATE 3-Court delays decision on GM buy of Delphi unit
www.reuters.com...

UPDATE 2-Brazil oil strike in 2nd day, output maintained
www.reuters.com...

New York governor aims to trim 8,900 state workers
www.reuters.com...

UPDATE 1-New York Times sells Alabama newspaper
www.reuters.com...

LAYOFF DAILY
3-24-2009

Electrolux Update and Tally -369
TRW/Ryerson -53
Special Metals -17
NY Governor Orders Cuts -8,900
Shaw Industries Closing 2 Plants -600
Bostik Inc. -16
Accredited Home Lenders -38
Grocer Calls It Quits -30
Mack Trucks Idling Plants Cutting Workers
Hoffmaster Closing Oneida Plant -70
Lapeer County Unemployment 16.9%
Kodak Windsor Plant -300
Houston Chronicle -12%
Ingersoll Rand Chops Again -75
Law Firms Cutting Pay and Workers
Concord Steel -100
Excide Closes Battery Recylcling Plant
Goodyear Layoffs Start -400
Alcan In KY -60
Spacesaver Corp. Laying Off
Brillion Iron Works Foundry -80
HPG International -100
Hospira Inc. -1,450
Flowserve Corp -62
Angus-Palm -181
GM Begins White Collar Cuts -160
Regional Med. Center Memphis -88
Vail Resort VRI -50
PTI Oil Sands Vendor -500
Cummins Filtration -127
Schlumberger Cuts Again -6,000
Iredell County Govt. -25
Johns Manville Co. -135
USF Holland Closing Truck Terminal -20
Boater's World Closing 129 Stores
Sierra Pacific Industries Closing 2 Mills -310
Philadelphia's Oldest Law Firm Closes
Sutter Medical Center -53
Canadian National Railroad -50
Scotland County Unemployment Rate 16.8%
Appleton Schools -43
Orange County Bus System -400
Empire Aero Center -35
Ethan Alan Furniture Plant -20

TOTAL - 20,890

[edit on 3/25/2009 by Hx3_1963]

Headlines for March 25th 2009

China Calls For Global Currency
www.cbsnews.com...

G20 'will cause London lockdown'
www.telegraph.co.uk...

Geithner shocks dollar
www.telegraph.co.uk...

Fed Buys $7.5 Billion of Treasuries in Effort to Trim U.S. Borrowing Costs
www.bloomberg.com...

Treasury Plans Rules to Tackle Fraud, Seeks Power With FDIC to Seize Firms
www.bloomberg.com...

Obama Will Name Task Force Led by Volcker to Overhaul 96-Year-Old Tax Code
www.bloomberg.com...

Bank of America Cut by Moody's on Concern Third Round of Aid May Be Needed
www.bloomberg.com...

UK's Brown says world has reserves to beat crisis
www.reuters.com...

Gordon Brown launches damning attack on bankers
www.telegraph.co.uk...

Brown bashed
blogs.telegraph.co.uk...

Treasuries Decline After Sale Produces Higher Yields, U.K.'s Auction Fails
www.bloomberg.com...

Failed gilt auction stokes fears over UK economy
www.telegraph.co.uk...

U.K. Bond Auction Fails for First Time Since 2002 on Brown's Stimulus Plan
www.bloomberg.com...

EU Leader: U.S. Economy On Road "To Hell"
www.cbsnews.com...

Japan Exports Plunge Record 49% as Deepening Global Recession Saps Demand
www.bloomberg.com...

Japan Consumer Prices Probably Stalled for Second Month as Deflation Looms
www.bloomberg.com...

Australia to Guarantee States' Debt After Crunch Drives Up Borrowing Costs
www.bloomberg.com...

Malaysia May Suffer `Significant' Economic Contraction, Governor Zeti Says
www.bloomberg.com...

Russia Must Be `Cautious' on Currency Reserves, Retain Fifth, Ivanov Says
www.bloomberg.com...

Romania Gets $27 Billion Bailout From IMF, EU for Budget, Current Account
www.bloomberg.com...

Poland Cuts Interest Rate to Record Low 3.75% as Industrial Output Drops
www.bloomberg.com...

Czech Premier Topolanek Will Resign Tomorrow After Lost No-Confidence Vote
www.bloomberg.com...

Czech Crisis Will Make New EU Treaty `More Complex,' Ireland's Martin Say
www.bloomberg.com...

Koruna Rally Faces Wipeout as Czech Prime Minister Loses Confidence Vote
www.bloomberg.com...

Serbia Reaches IMF Accord for 3 Billion-Euro Loan, Economy Ministry Says
www.bloomberg.com...

RAB Capital Swings Into Loss in 2008 as Assets Under Management Fall 74%
www.bloomberg.com...

German Business Confidence Declines to a 26-Year Low as Recession Deepens
www.bloomberg.com...

French Jobseekers Increased 19% to 2.4 Million in February, Ministry Says
www.bloomberg.com...

Sarkozy Backs Bonus Ban at Bailed-Out Companies, May Widen France Stimulus
www.bloomberg.com...

Consumer Confidence Falls as Recession Pushes Joblessnes to Two-Year High
www.bloomberg.com...

Brazil to Spend $15.1 Billion on Low-Income Housing to Help Revive Economy
www.bloomberg.com...

Doe Run Peru Shuts 95% of Operations on Financing; May Get Government Aid
www.bloomberg.com...

Petrobras Oil Union Says It May Extend Strike (Update1)
www.bloomberg.com...

Ignatieff Sees Need for More Canada Stimulus, Says He May Topple Harper
www.bloomberg.com...

Consumer Inflation in South Africa Accelerated to Annual 8.6% in February
www.bloomberg.com...

South Africa Had Record Foreign Capital Outflow in 4th Quarter, Bank Says
www.bloomberg.com...

IMF Won't Give Aid to Zimbabwe Until Debts Are Paid, Will Provide Advice
www.bloomberg.com...

Ethiopia Closes Biggest Coffee Exporters' Warehouses, Suspends Licenses
www.bloomberg.com...

NEW YORK TIMES: Dear A.I.G., I Quit!
feeds.foxnews.com...

Call for Help: Postal chief says agency crashing
www.google.com...
www.foxnews.com...

Municipal Market Regulator Regrets Enabling Swap Losses for U.S. Taxpayers
www.bloomberg.com...

California Home Prices Sink 41% on Surging Foreclosures, Double U.S. Drop
www.bloomberg.com...

Defaulting Skyscrapers Hit U.S. Banks as Disappearing Jobs Boost Vacancies
www.bloomberg.com...

Canada Home Prices Fell in January, Led by Declines in Calgary, Vancouver
www.bloomberg.com...

Canadian Broadcasting Corp. Cuts 800 Jobs to Bridge $139 Million Shortfall
www.bloomberg.com...

PetroChina Sees `Severe Challenges' as Profit Drops on Refining, Lower Oil
www.bloomberg.com...

Total Says It's Cutting Output at Refinery in Texas as Demand Deteriorates
www.bloomberg.com...

Exxon, Chevron Count $40 Billion Nightly to Protect Cash From Bank Crisis
www.bloomberg.com...

Air-Travel Demand Tumbles to `Alarming Levels' as Fares Fall: Chart of Day
www.bloomberg.com...

Singapore Air's Empty Business Class Seats Go Begging as Traffic Plunges
www.bloomberg.com...

Popolare di Milano Plans to Cut 750 Jobs, Chairman Roberto Mazzotta Says
www.bloomberg.com...

Arafura Resources, With Chinese Government Backing, Seeks Copper Projects
www.bloomberg.com...

ACCC Won't Oppose Aluminum Corp. of China's Proposed Investment in Rio
www.bloomberg.com...

HSBC to cut 1,200 jobs
www.telegraph.co.uk...

UBS Predicts a `Big Shakeout' in Private Banking as Customers Avoid Risks
www.bloomberg.com...

Auto Task Force to Announce More U.S. Aid Within Week, Senate's Levin Says
www.bloomberg.com...

GM Said to Persuade More Than 6,000 UAW Workers to Take Carmaker's Buyout
www.bloomberg.com...

Porsche Turns to New Lenders in Sign Banks Are Struggling to Extend Credit
www.bloomberg.com...

Deflation? Not for groceries
www.telegraph.co.uk...

McDonald's Latin America Sales to Slow as Slump Curbs Demand for Burgers
www.bloomberg.com...

Nike Will Halt Orders With Some Asian Factories as It Streamlines Sourcing
www.bloomberg.com...

New York Times Co. Makes Boston Globe Cuts as Newspaper Drags Down Revenue
www.bloomberg.com...

North Korea Places Missile on Pad for Satellite Launch, U.S. Official Says
www.bloomberg.com...

Japan Military Plans to Shoot Down North Korean Missile, Nikkei Reports
www.bloomberg.com...

[edit on 3/25/2009 by Hx3_1963]

reply to post by SLAYER69


Hi Slayer,

That's the problem "pumping money into the global Economy" doesnt work.

History has proven this. It will lead to Hyperinfation, where it takes a wheel barrel full of money to buy a loaf of bread.

I wont be surprised if several make bank runs today.

The stock market was way up but took a sharp turn down today. Very volatile !

Creepy!

Schwarzenegger Opens California Fairgrounds to Homeless Camp
www.bloomberg.com...

California seen struggling through this year: forecast
www.newsdaily.com...
=================
Soros: G20 a "make or break" event for markets
www.reuters.com...

UPDATE 1-Don't withdraw stimulus too soon - IMF official
www.reuters.com...

Fed officials say U.S. recovery faces roadblocks
www.reuters.com...

Geithner rescue package `robbery of the American people`
www.telegraph.co.uk...

Treasuries Fall on Supply Concern as Seven-Year Sale Looms
www.bloomberg.com...

US backing for world currency stuns markets
www.telegraph.co.uk...

China calls for the reign of the dollar to end
www.telegraph.co.uk...

Obama to tell bankers "we're all in the same boat"
www.reuters.com...

FBI Feels Strain From Glut Of Fraud Cases
www.cbsnews.com...

Bond spreads create new bank crisis barometer
www.reuters.com...

Bank of America, Wells Fargo Ratings Cut by Moody’s (Update1)
www.bloomberg.com...

Controversial AIG unit sees more departures: source
www.reuters.com...

AIG aircraft unit says may need more financing
www.reuters.com...

U.S. bill seeks to rescue faltering newspapers
www.reuters.com...

IBM to cut 5,000 jobs in U.S.
www.reuters.com...

U.S. to blame for much of Mexico violence: Clinton
www.reuters.com...

REFILE-UPDATE 3-Canada budget officer sees more gloom than gov't
www.reuters.com...

UPDATE 1-Mexico Feb exports plunge 30 pct on US recession
www.reuters.com...

NYC Subway Adopts 25 Percent Fare Hike
www.cbsnews.com...

The Great Recession
money.cnn.com...

Michigan jobless rate reaches 12%
www.freep.com...
========================
It's time to call a halt, Prime Minister
www.telegraph.co.uk...

City alarm as Treasury fails to sell Government gilts
www.telegraph.co.uk...

G20 to be most expensive police operation in British history
www.telegraph.co.uk...

Obama drops British meetings amid security concerns
www.telegraph.co.uk... html

G20: Australia lobbies for China to play greater role in IMF
www.telegraph.co.uk...

G20: Strikes planned against Canary Wharf and BT Tower
www.telegraph.co.uk...

LAYOFF DAILY
3-25-2009

IBM Layoff Update -5,000
and how interesting....
IBM Transfering USA Jobs To India

Old Second National Bank -62
Exterran -150
Kellogg's Cuts Production Workers
Greka Energy -30
CA Unemployment Forecast 12%
Halliburton Planning More Cuts
Moosehead Brewery -13
Canadian Broadcasting Corp. -800
BFG Industries Cutting Heads
Columbus Components Group -135
LM Glasfiber -725 Charlotte Transit System -10
Visual Resumes Pick Up Steam
Craftex Mills Closing Plant -80
RainSweet Closing Onion Plant -120
Semitool Inc. Layoffs Coming -520
Atlanta Journal-Constitution -93
Appalachian State U. Cuts 200 Classes
Android Industries May Close -250
Synovus Financial -200
Syracuse NY Schools -70
Alienware Closing 2 Plants
HSBC In UK -1,200
Lyon County NV -17
Arbitron Inc. -110
St. Vincent Infirmary -200
Hernando County Schools -200
Western Assets -100
Puyallup Schools -160
Post-Star Newspaper -11

Flint Contemplates Shutting Down Some Neighborhoods
www.publicbroadcasting.net...
ANN ARBOR, MI (2009-03-18)

Nearly a third of the homes in Flint have been abandoned. Some Flint officials say it's time to consider shutting down parts of the shrinking city. Interim Mayor Mike Brown said last week the city might have to consider shutting down depopulated neighborhoods. His spokesperson later stressed the remark was hypothetical. But Dan Kildee says it's time to seriously consider it. He runs the County Land Bank, which tears down blighted houses in Flint. Kildee says the city just can't afford to provide public services for its large, underpopulated footprint. sustainable part of Flint.

Flint MI May Close 8 Schools

TOTAL - 10,000+

[edit on 3/25/2009 by Hx3_1963]

Headlines for March 26th 2009

Open letter / London G20 Summit: Last chance before global geopolitical dislocation
www.leap2020.eu...

Police warn of 'unprecedented' threat to London from over 2,000 G20 protesters
www.telegraph.co.uk...

Gordon Brown told to expect 'spicy' G20
www.telegraph.co.uk...

G20 summit: Lula da Silva throws his weight behind a new fiscal stimulus
www.telegraph.co.uk...

Fears of unrest in eastern Europe grow as Czech government collapses
www.independent.co.uk...

Violent class war must be condemned, not understood
www.telegraph.co.uk...

DeAnne Julius warns recession could last five years
www.telegraph.co.uk...

Schwarzenegger Promises To Help Tent City
www.cbsnews.com...

Economy: Worst in 26 years
money.cnn.com...

Jobless Rolls in U.S. Jump to Record 5.56 Million in Week; New Claims Rise
www.bloomberg.com...

U.S. Economy Shrank 6.3% in Fourth Quarter as Profits Fell Most Since 1953
www.bloomberg.com...

Obama sees more U.S. job losses, "difficult" year
www.reuters.com...

New Plans To Overhaul Finance Regulations
www.cbsnews.com...

Geithner Says U.S. Needs `New Rules of Game' to Avert Another Bank Crisis
www.bloomberg.com...

Geithner plans super-regulator to curb Wall St
www.telegraph.co.uk...

Fed's Lacker: may be tough to exit Fed stimulus
www.reuters.com...

Senator sets bar for more bailout money
www.reuters.com...

Roubini Says U.S. Stocks Will Drop, Government Will Nationalize More Banks
www.bloomberg.com...

Renewed Call For Congress To Read Bills
www.cbsnews.com...

Citigroup May Manage $5 Billion in U.S. Aid to Auto-Parts Manufacturers
www.bloomberg.com...

GM Said to Persuade More Than 6,000 UAW Workers to Take Carmaker's Buyout
www.bloomberg.com...

GM says 12 percent of UAW workers take buyouts
www.reuters.com...

EU Risks Paralysis as Czech Government Collapse Snarls Lisbon Treaty Bid
www.bloomberg.com...

Merkel Says NATO Leaders Must Begin Strategy Overhaul at April 3-4 Summit
www.bloomberg.com...

G20 Summit Marks `End of Unilateralism,' U.K.'s Miliband Tells Corriere
www.bloomberg.com...

ECB May Extend Length of Loans to Banks, Buy Private Debt, Papademos Says
www.bloomberg.com...

Brown `Terribly Fragile' as Auction Failure Further Tarnishes Reputation
www.bloomberg.com...

Brown's G20 vision of morality is threatened
www.telegraph.co.uk... aze.html

Darling Signals in Parliament He May Limit Further Fiscal Stimulus in U.K.
www.bloomberg.com...

Retail Sales Fall Four Times Faster Than Predicted as Jobless Lines Grow
www.bloomberg.com...

Retail sales at 13-year low
preview.telegraph.co.uk...

New Zealand Current Account Gap Widens to Record $9 Billion on Recession
www.bloomberg.com...

Russia May Swap Sovereign Bonds for Bank Stocks for Non-Cash Capital Boost
www.bloomberg.com...

Bank of Japan's Tankan Survey May Tumble to a 30-Year Low on Export Crash
www.bloomberg.com...

Corporate Service Prices Fall Most in Seven Years as Recession Deepens
www.bloomberg.com...

French Consumer Confidence Remains Near Record Low on Worries About Jobs
www.bloomberg.com...

Consumer, Business Confidence Drop in Germany, Italy as Recession Deepens
www.bloomberg.com...

Italian Economy Will Contract 3.5%; Debt to Rise, Confindustria Forecasts
www.bloomberg.com...

Berlusconi Tells Unemployed to `Find Something to Do,' Corriere Reports
www.bloomberg.com...

Monte Paschi May Seek $2.7 Billion in Government Aid, People Familiar Say
www.bloomberg.com...

UPDATE 2-Irish economy plunges deeper into recession in Q4
www.reuters.com...

UPDATE 2-Fortis Bank Nederland posts record Dutch loss
www.reuters.com...

WestLB Plans to Put Itself Up for Auction After Crisis Stalls Merger Talks
www.bloomberg.com...

Lithuania Should Turn to IMF for Bailout Loan, Morgan Stanley's Weeks Says
www.bloomberg.com...

Serbia Agrees With International Monetary Fund on 3 Billion-Euro Bailout
www.bloomberg.com...

Romania Will Get 11.8 Billion Euros of IMF, EU's Bailout Money This Year
www.bloomberg.com...

Colombia's Economic Growth Rate May Dive to 1% as Factories, Exports Stall
www.bloomberg.com...

Brazil's Unemployment Rate Rose to 10-Month High of 8.5 Percent Last Month
www.bloomberg.com...

Ukraine, Ecuador seek import restrictions at WTO
www.reuters.com...

Power Market to Shrink in Europe for First Time Since Enron as Banks Exit
www.bloomberg.com...

Agilent to cut 2,700 jobs, warns of revenue drop
www.reuters.com...

Heidelberger Druck Will Cut Up to 2,500 More Jobs to Double Cost Savings
www.bloomberg.com...

Washington Post to offer new buyouts in '09
www.reuters.com...

New York Times lays off staff, seeks pay cuts
www.reuters.com...

Google to cut 200 jobs from sales force
www.reuters.com...

Osaka World Trade Center Goes Bankrupt as Governor Hashimoto's Plan Fails
www.bloomberg.com...

Clinton: Mexico Violence Could "Mushroom"
www.cbsnews.com...

Protesters surround Thai govt. headquarters
www.cnn.com...

French boss barricaded in office by employees
www.independent.co.uk...

Two former generals indicted for plot to overthrow Turkish government
www.independent.co.uk...

In a slump, camping comes into vogue
www.cnn.com...

Entire English village on sale for $33 million
www.cnn.com...

[edit on 3/26/2009 by Hx3_1963]

US backing for world currency stuns markets
www.telegraph.co.uk...

City Unemployment Rate Reaches 8.1%
cityroom.blogs.nytimes.com...

Dear A.I.G., I Quit!
www.nytimes.com...

A Letter From Inside AIG: "The Entire US System Is Committing Suicide"
www.businessinsider.com...

AIG execs in Europe resist returning bonuses: source
www.reuters.com...

Thur 3-26-2009
LAYOFF DAILY

Northern Arizona University -45
Google -200
NY Times -100
Clifford Chance Cuts Again -24
Trinity Industries Idles 2 Plants -156
Trane Co. -80
Blender Magazine Shuts Down -30
Belmont County Sheriff's Dept. -68
Fairchild Semiconductor Closing 2 Plants
Disney Update/Estimate -450
Cooper Standard Automotive -650
Agilent Technologies -2,700
Burton Snowboards -5%
Flint Journal -82
Graphic Packaging Corp. -30
Law Firms: Dechert -125/Edwards -60
Noranda Zinc Plant -45
United Way Kentucky -4
Pajaro Valley Schools -222
Lafarge SA -130
Oshkosh School Teachers -39
Heidelberger Druckmaschinen -2,500
Ownens Corning Selkirk Plant -60
Beaufort County NC -12
Toledo OH Police -75
Williams County OH Deputies -7
Jackson Hughston Hospital -70
Boston Schools -500
Timken Canada -140
Backyard Adventures Closing TX Plant -75
Sandvik Closing USA Plant -90
Fayetteville Publishing -18
Disney Theme Park Layoffs
City of Lakeville MN -9
Children's Farm Home -9
ESCO Turbine Technologies -32
New Hampshire Public TV -5
Bakersfield CA Newspaper -26
IBM Layoff Update -5,000
Tulare County Govt. -11

TOTAL 11,600 - approx -

*not including - these two items -

*6,000 GM UAW Workers Take Buyout
*Michigan Factory Jobs 12 Months -112,000

[edit on 3/26/2009 by Hx3_1963]

Headlines for March 27th 2009

U.N. On World Economy: Nix The Dollar
www.cbsnews.com...

U.S. economy shrinks, profits plunge in Q4
www.reuters.com...

Consumer spending fades in February
www.marketwatch.com... h

Obama's economic remedies may face pushback at G20
www.reuters.com...

Obama to meet bank CEOs to discuss economic crisis
www.reuters.com...

Fed's Plosser: Economic outlook "pretty ugly"
www.reuters.com...

UPDATE 1-U.S. OTS says acting chief replaced pending review
www.reuters.com...

Brown says UK must not rule out action to boost growth
www.reuters.com...

Gordon Brown promises to be 'cautious' with Britain's finances
www.telegraph.co.uk...

Deflation stalks Japan, resentment rises before G20
www.reuters.com...

IBM criticized for job cuts, outsourcing
www.cnn.com...

Johnson Controls to cut more jobs, close 10 plants
www.reuters.com...

UPDATE 1-Pursuit Dynamics to stop Brooklands plant, cut jobs
www.reuters.com...

JPMorgan delays contributions to certain 401(K) plans-source
www.reuters.com...

Las Vegas project considers bankruptcy: report
www.reuters.com...

UK economy slows sharper than expected as construction slumps
www.telegraph.co.uk...

U.S. Official: Mexico Not Near Collapse
www.cbsnews.com...

N. Korea Warns Against Rocket Criticism
www.cbsnews.com...

U.S. ships on move as N. Korea launch nears
www.cnn.com...

G20 Summit: Tens of thousands of protesters expected to rally in London
www.telegraph.co.uk...

G20 summit: Protesters using Twitter and Google to be monitored by Police
www.telegraph.co.uk...

G20 Summit: university professor suspended over bankers 'hanging from lampposts' comment
www.telegraph.co.uk... ent.html

UPDATE 3-Australia rejects China bid for OZ Minerals
www.reuters.com...

[edit on 3/27/2009 by Hx3_1963]

I thought this was an interesting take
on the real unemployment statistics -

www.davemanuel.com...

reply to post by Hx3_1963
Wrong on all counts.

U.S. unemployment today is 8.3%, in 1980 it was 12.5%, in '32 it was 25%.

Although 4th qtr. GDP in the U.S. was down significantly, it was still up for FY2008 overall. Obama projects 3% growth in FY2009.

!980-81 and 1991 recessions were deeper than current retraction.

25,000 banks failed in 1932, 15,000 failed in '80s recession. Last year saw much fewer, and the pace is lessening so far this year.

Not a depression by any outrageous stretch of the imagination.

Just because Obama's administration cries "CRISIS" (BHO's, Kissinger's, Emanuel's and Clinton's favorite 'opportunity') does not make it so.

The crisis mentality is a means of diversion so BHO can run his socialist/leftist ideologies through Congress and feed them to his electorate before they realize "they been had."

See "Crisis" thread:
www.abovetopsecret.com...


edit: spellcheck not = grammar check.

Deny Ignorance!

jw




[edit on 27-3-2009 by jdub297]

[edit on 27-3-2009 by jdub297]

reply to post by spinkyboo
Star 4 U!

Thanks fer stopping by and sharing!

U-6 Unemployment Rate Was 14.8% in February
www.davemanuel.com...




[edit on 3/27/2009 by Hx3_1963]

reply to post by jdub297
Star 4 U!

Opposing view points are welcomed!

I don't write this stuff...only pass it along for all to evaluate...

...And make their own informed opinions...

IMF stated this...not me...




[edit on 3/27/2009 by Hx3_1963]

G-20 Won't Discuss Need for New Reserve Currency, Japanese Official Says
www.bloomberg.com...

Aso Says Europe, China Should Do More to Help International Monetary Fund
www.bloomberg.com...

China Chastises West on Stimulus in Leadership Bid Before G-20 Gathering
www.bloomberg.com...

UK GDP suffers worst quarterly fall for 30 years
www.telegraph.co.uk...

OECD Economies to Contract 4.2% Amid `Jobs Crisis,' Gurria Says in Report
www.bloomberg.com...

More States See Double-Digit Unemployment
www.cbsnews.com...

Consumer-Spending Growth in U.S. Slows as Rising Prices Erode Buying Power
www.bloomberg.com...

Consumer Sentiment in U.S. Holds Near Three-Decade Low as Job Losses Mount
www.bloomberg.com...

U.S. Treasury investigating thrift regulators
www.reuters.com...

GOP, Experts Doubt Financial Overhaul Plan
www.cbsnews.com...

New Auto Aid To Hinge On "Drastic" Change
www.cbsnews.com...

Goldman Sachs’s Cohen Predicts More Bad News on Banks (Update1)
www.bloomberg.com...

Bank of Ireland to fight to stay independent
www.reuters.com...

Alaska's Stock Loss Grows to $1.5 Billion as Palin Moves to Tap Oil Funds
www.bloomberg.com...

UPDATE 1-Charter Communications files for bankruptcy
www.reuters.com...

Construction Bank's Fourth-Quarter Profit Drops 30% as Bad Loans Increased
www.bloomberg.com...

East Star Airlines Liquidated in China Amid Mounting Debt, Xinhua Reports
www.bloomberg.com...

Baoshan Steel 2008 Net Income Declines 49% on Prices Drop, Falling Demand
www.bloomberg.com...

New Zealand's Economy Shrank 0.9% Last Quarter as Housing Market Unraveled
www.bloomberg.com...

Australian Hedge Fund Dumps its Founder Wallace After Shares Slump by 95%
www.bloomberg.com...

Russian Bank-Loan Defaults Would Be Signal to `Attack' Ruble, BOA-ML Says
www.bloomberg.com...

Baltic Bust Sows `Panic' Among Entrepreneurs in Europe's Worst Economies
www.bloomberg.com...

Lithuanian Retail Sales Plunged in February on Deeper Economic Recession
www.bloomberg.com...

India Will Need More Stimulus Measures to Maintain Growth, Ahluwalia Says
www.bloomberg.com...

France's Economy Contracted Most in Three Decades in the Fourth Quarter
www.bloomberg.com...

French 2009 Welfare Deficit to Rise to $24 Billion, Woerth Tells Tribune
www.bloomberg.com...

Billionaire Flowers Quits Hypo Real Estate Board as Germany Mulls Seizure
www.bloomberg.com...

Inflation Slows More Than Forecast to 10-Year Low After Recession Deepens
www.bloomberg.com...

Praktiker Sees Signs of `Consumer Reticence', Prepared For Sales Slowdown
www.bloomberg.com...

Air France-KLM Slumps to Full-Year Loss and Predicts Another for Next Year
www.bloomberg.com...

Italian Industrial Orders, Sales Show Record Fall in January on Recession
www.bloomberg.com...

Monte Paschi to Ask for $2.6 Billion of State Aid From Italian Government
www.bloomberg.com...

Ontario Cuts Business, Personal Taxes as Deficit Soar to Record This Year
www.bloomberg.com...

Canada Subprime Lenders Seek Government Help to Finance Debt, Globe Says
www.bloomberg.com...

Aracruz Posts Quarterly Loss of 2.98 Billion Reais After Derivatives Loss
www.bloomberg.com...

Cyrela Net Income Falls as Weak Brazilian Economy Crimps Demand for Homes
www.bloomberg.com...

Silverstein Asked to Put Up Cash to Get NYC World Trade Center Guarantees
www.bloomberg.com...

London Protesters Threaten Bankers as Police Prepare for G-20 Onslaught, Evoke 1649 Execution of King Charles I
www.bloomberg.com...

Japan Prepares `Destruction Order' in Case North Korea Launches Missile
www.bloomberg.com...

[edit on 3/27/2009 by Hx3_1963]

U.N.'s Ban says slump may lead to political crisis
www.reuters.com...

UPDATE 1-NY Gov: state nears "life threatening" budget cuts
www.reuters.com...

New York May Increase Taxes on Higher-Income Earners as Budget Gap Widens
www.bloomberg.com...

UPDATE 1-Moody's says MTA financial woes may threaten rating
www.reuters.com...

NY eases drug laws, sees annual savings of $250 mln
www.reuters.com...

Emerging from U.S. bankruptcy gets even tougher
www.reuters.com...

Bankers told keep low profile as public anger rises
www.reuters.com...

Bank stress tests could broadly hurt corporate debt
www.reuters.com...

Geithner's Toxic-Asset Plan on Slow Track as Securities Values Deteriorate
www.bloomberg.com...

G20 summit: mend banks before stimulus, says IMF
www.telegraph.co.uk...

UPDATE 3-Bank of Ireland investors approve state bailout
www.reuters.com...

FSA sets scene for banking crackdown
www.telegraph.co.uk...

Roche Debt Rating Cut to A2 by Moody's Following Acquisition of Genentech
www.bloomberg.com...

CORRECTED - UPDATE 1-BofA says CEO does not want bank functions split
www.reuters.com...

UPDATE 1-Union, Chrysler Canada "far apart" on labor deal
www.reuters.com...

GM has given new offer to bondholders-source
www.reuters.com...

UPDATE 1-GM offers UAW $10 bln in prefered stock
www.reuters.com...

Wal-Mart closing optical lab, 650 jobs affected
www.reuters.com...

Disney U.S. parks cutting jobs, seeking efficiencies
www.reuters.com...

RPT-TABLE-US Feb industrial output revised to -1.5 pct
www.reuters.com...

UPDATE 1-MGM makes payment to keep CityCenter
www.reuters.com...

Gordon Brown's journey into disaster
www.telegraph.co.uk...

G20 summit: What to expect
www.telegraph.co.uk...

G20 summit: Fears that anarchists plan to hijack march
www.telegraph.co.uk...

Britain, Chile urge fresh G20 ideas to beat crisis
www.reuters.com...

Indonesia, Malaysia, Thailand Support China's Call for a Global Currency
www.bloomberg.com...

G-20 Working Group Urges Leaders to Take `System-Wide' Regulatory Approach
www.bloomberg.com...

Euro in biggest one-day loss vs dollar in 2 months
www.reuters.com...

Canada's January Surplus Narrows to $30 Million as Corporate Taxes Decline
www.bloomberg.com...

Mexico's Peso Falls After Reports Show Deepening European Economic Slump
www.bloomberg.com...

Brazil's real slumps 2 pct on global downturn
www.reuters.com...

Crisis, elections may kindle Chile labor strife
www.reuters.com...

Standard Bank Falls for Second Day After Breaking South African Credit Law
www.bloomberg.com...

Sales of Luxury Watches Will Stall in China During Crisis, Hengdeli Says
www.bloomberg.com...

Shanghai Sweats as U.S. Races Against Clock to Finance World Expo Pavilion
www.bloomberg.com...

Australian Hedge Fund Dumps its Founder Wallace After Shares Slump by 95%
www.bloomberg.com...

Commerzbank Says It's Impossible to Make Reliable 2009 Earnings Forecast
www.bloomberg.com...

Swiss Government Calls on Nation to Tone Down Anti-German Rhetoric on Tax
www.bloomberg.com...

Nigeria's Debt-Rating Outlook Cut to Negative by S&P as Oil Prices Slide
www.bloomberg.com...

UPDATE 1-Meningitis kills over 1,100 West Africans - WHO
www.reuters.com...

Diamond Sales in Botswana to Drop by Half as Prices Fall on Economic Slump
www.bloomberg.com...

Georgian Opposition Vows to Rally Until Saakashvili Resigns
www.bloomberg.com...

[edit on 3/27/2009 by Hx3_1963]

Banks Lose $836 Million in First Derivatives Loss (Update1)
www.bloomberg.com...

Regulator "blessed" backdating at OTS: official
www.reuters.com...

Chrysler plant funding dispute aired with Geithner
www.reuters.com...

Double-digit unemployment rates are un-American
globaleconomicanalysis.blogspot.com...

Commercial Real Estate: The Outlook Is Frightening
seekingalpha.com...

California Says Stimulus Money Not Enough to Trump $1.8 Billion Tax Boost
www.bloomberg.com...

London echoes of 1933 in G20 summit
www.reuters.com...

Mexico Global Economic Indicator Falls More-Than-Expected 9.5% in January
www.bloomberg.com...

Venezuela's Unregulated Currency Market Locks Up Amid U.S. Criminal Probe
www.bloomberg.com...

LAYOFF DAILY
3-27-2009

Gibson, Dunn and Crutcher -36
Topeka Metal Specialties -18
Shilo Industries -87
City of Antioch -20
Liberty Aerospace -14
Standard Ethanol LLC -24
Lionsgate -45
Pratt and Whitney -1,500
Daily Herald -24
Walmart Closes Optical Lab -650
Tyson Closing Lunch Meat Plant -580
Nautilus -40
Ft. Wayne Foundry -226
City of Milwaukee -1,400
Pitts. Post-Gazette Furloughs -167
SC Naval Museum -11
City of Jackson MI -18
Disney World -800
University of Alabama System -1,000
University of Florida -140
Impinj RFID Co. -23
Perhaps this will put the
Aleris In Indiana Closing Plant -50
Warren City Police -20
Snowline School District -19
Guilford County NC Schools -90
Alcoa Empolyees Last Day -450
Univ. Of N. Carolina Greensboro -100

TOTAL - In the 7,000+ range

also -

The Weekly Layoff Report: Double-Digit Days
Klaus Kneale, 03.27.09, 06:27 PM EDT

More than 9,000 jobs were cut at America's biggest companies this week.

-excusssseeeee me - can we please include even the little companies -
We saw 9,000 cut in one day - A little BS to go with your breakfast...

cont....
Layoffs are causing tension everywhere now. The manager of a 3M plant in France was held hostage by angry workers for more than a day this week after it was announced that 110 of the 235 employees at the plant would be let go.

According to U.S. Department of Labor data released Friday, seven states are now enduring double-digit unemployment. In California, Michigan, Nevada, North Carolina, Oregon, Rhode Island and South Carolina between 10.1% and 12% are out of work. (Highlights of the week's activity are recorded by the Forbes.com Layoff Tracker, which counts the layoffs at all the nation's 500 largest corporations.)

ALSO -
Johnson Controls Update Closing 10 Plants
Jobs Lost In FL During Feb. -75,000
Connecticut Last Month - 14,300
Expedia Layoffs
Paper Converting Machine Co. Furloughs
Merck Layoff Rumors

[edit on 3/28/2009 by Hx3_1963]

Headlines for March 28th 2009

George Soros, the man who broke the Bank, sees a global meltdown
www.timesonline.co.uk...

Obama's Gregg Miscalculation
www.foxnews.com...

London March Launches Week of G20 Protests
www.foxnews.com...

EXCLUSIVE: United Nations Power Grab?
www.foxnews.com...

Obama Team Poised to Help Fight Global Warming Abroad
feeds.foxnews.com...

Bangkok's Anti-Government Protests to Stay 'Indefinitely'
www.foxnews.com...

PREVIEW-US auto sales seen plunging again in March
www.reuters.com...

[edit on 3/28/2009 by Hx3_1963]

Originally posted by Hx3_1963
Headlines for March 28th 2009

George Soros, the man who broke the Bank, sees a global meltdown
www.timesonline.co.uk...

I posted that on the other thread, I though it was definately relevant.

Not a fan of the NY times -
But here's a tent city slide show that begins to put things into perspective...

www.nytimes.com...