World-News

Consumer Sentiment Index Falls in June

Confidence among U.S. consumers fell in June to the lowest level in 28 years as record-high gasoline and rising joblessness rattled Americans.

http://tinyurl.com/5rxbkt



This Recession, It's Just Beginning

Corporate bankruptcies, bond defaults, bank failures, hedge fund meltdowns and 6 percent unemployment. We're caught in one of those vicious, downward spirals that, once it gets going, is very hard to pull out of.

http://tinyurl.com/6z6m8w



City Pension Funds Lose Billions

New York City officials are bracing for increased pressure on the budget as the city's pension funds are reeling from the credit crisis and posting billions of dollars in losses.

http://www.nysun.com/new-york/city-pension-funds-lose-billions/80738/



Credit crunch forcing US middle classes to live in their cars

As mortgage foreclosures continue to rise, growing numbers of middle-class professionals are losing their homes and downsizing from four bedrooms to four wheels.

http://www.guardian.co.uk/world/2008/jun/26/usa.creditcrunch


From Information Clearing House



http://freepage.twoday.net/search?q=gas+price
http://freepage.twoday.net/search?q=jobless
http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=bankruptcies
http://freepage.twoday.net/search?q=credit+crisis
http://freepage.twoday.net/search?q=middle+class
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=foreclosure