BANKS AROUND the world still have to reveal about half their likely losses resulting from the financial and economic crisis, the International Monetary Fund said yesterday, warning there was still a "significant" risk of another downward lurch in the global recession.
http://www.irishtimes.com/newspaper/finance/2009/1001/1224255613222.html
Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt
The number of U.S. lenders that can't collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.
http://www.bloomberg.com/apps/news?pid=20601087&sid=aXZinRhF5tlA
We're broke: time for a new tax
Given the country's fiscal hole, former Fed chair Paul Volcker and many tax experts say there may be a need for a value-added tax.
http://money.cnn.com/2009/10/01/news/economy/new_tax_needed/index.htm
U.S. Factory Orders Plunge Unexpectedly in August
New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession.
http://www.foxnews.com/politics/2009/10/02/factory-orders-plunge-unexpectedly-august/
U.S. loses 263,000 jobs in September
The United States lost 263,000 jobs in the month of September and unemployment continued to trend upward to 9.8 percent, according to a new report from the U.S. Department of Labor Bureau of Labor Statistics.
http://dallas.bizjournals.com/dallas/stories/2009/09/28/daily48.html
From Information Clearing House
http://freepage.twoday.net/search?q=IMF
http://freepage.twoday.net/search?q=Paul+Volcker
http://freepage.twoday.net/search?q=financial+crisis
http://freepage.twoday.net/search?q=economic+crisis
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=recovery
http://freepage.twoday.net/search?q=fiscal+hole
http://freepage.twoday.net/search?q=taxpayer
http://freepage.twoday.net/search?q=unemploy
http://freepage.twoday.net/search?q=job+loss