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Showing posts with label economic. Show all posts
Showing posts with label economic. Show all posts

Friday, April 30, 2010

'THE FINANCIAL INDUSTRY DOESN'T GIVE A DAMN ABOUT POLITICS'

The bailout package for Greece came closer to completion on Friday, but criticism of the handling of the crisis by the European Union and Germany continues to grow. German newspapers on Friday weigh in on apathy, deliberate stalling and irresponsibility in addressing the euro crisis. When will the downward trend change for Greece? 
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PROTESTERS DESCEND ON WALL STREET, NEW YORK BANKS

  Protesters march in New York on Thursday, calling for banks to be held accountable for their role in the recession.    Protesters rallied in downtown New York City Thursday to voice their anger over the roles Wall Street and big banks played in America's economic crisis.
Marching from City Hall to Wall Street, the protesters chanted "good jobs for all," and held signs with messages including "Hold banks accountable," "Make Wall Street Pay," and "Reclaim America."
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Thursday, April 29, 2010

Chicago-area foreclosure auctions hit new high

More Chicago-area homeowners lost their homes to foreclosure in the first three months of the year than in any quarter in the past five years. This disturbing statistic raises doubts about the effectiveness of mortgage loan modification efforts and could put more downward pressure on property values.
FULL ARTICLE HERE

Warning for Britain as financial chaos spreads to Spain

Spain's economy was thrown into chaos on Thursday when its credit rating was cut, sharpening fears that Britain may suffer a similar fate.

GORDON BROWN
FULL ARTICLE HERE

Wednesday, April 28, 2010

American's leaving America in Record Numbers



The number of Americans choosing not merely to retire but often to live and work in other countries — expatriates or "expats" — has been increasing steadily for a number of years now. According to one source, the number of American expats has risen to four million, and the steady trickle of Americans out of this country shows no signs of abating

Obama Denies Individual Aid for Storm Relief

President Barack Obama has denied aid to individuals affected by March’s massive storms and Gov. M. Jodi Rell said she plans to file a formal appeal.

The decision comes just days after Obama approved the state’s request for a “major disaster declaration,” which provides financial help to state and municipal governments in Fairfield, Middlesex and New London counties.




FULL ARTICLE HERE

European Debt Crisis Looms As Markets React To Greek Debt Woes

Greece Needs $60 BILLION By Mid-May...Germany Near Agreement On Aid... Simon Johnson: Large Parts Of Europe Are Now Like 'Emerging Markets' ... Roubini: 'Significant Risk' That EU Could Break Apart... Salmon: 'I've Never Seen Anything Like This'
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Euro Debt Crisis

Calls to boycott Arizona grow over new immigration law

White House considers a legal challenge, and some political leaders call for an economic boycott to protest the law that makes it a crime to be in Arizona illegally.

Immigration activists

A demonstrator is taken into custody for blocking a street at a federal detention center in Broadview, Ill., to stop deportations from being carried out. Some protesters chanted “Illinois is not Arizona.” (Getty Images, Scott Olson / April 26, 2010)



FULL ARTICLE HERE