World-News

With most economic indicators signaling even more difficult times ahead, job losses will likely deepen and continue through at least the first half of 2009.

http://money.cnn.com/2008/11/07/news/economy/jobs_october/?postversion=2008110711



Consumer bankruptcies in October top 100,000

The sagging economy sparked 106,266 consumer bankruptcy filings in October, the first time monthly filings topped 100,000 since the bankruptcy law changed in 2005, the American Bankruptcy Institute said Tuesday.

http://www.usatoday.com/money/perfi/2008-11-04-bankruptcies_N.htm



Pending Sales of Existing Homes in U.S. Fell 4.6%

Fewer Americans signed contracts to buy previously owned homes in September, indicating the credit crisis will inflict more damage on the housing market.

http://www.bloomberg.com/apps/news?pid=20601087&sid=awq3yJZ0NBLk&refer=home



US retail sales worst in 35 years; holiday view cut

"The great unknown is just how much lower can consumer spending go?" said Piper Jaffray analyst Jeff Klinefelter. "With savings rates at historic lows and constraints on the availability of consumer credit, I just think there's concern that the perfect storm is brewing."

http://www.guardian.co.uk/business/feedarticle/7993582


From Information Clearing House



http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=bankruptcy
http://freepage.twoday.net/search?q=credit+crisis
http://freepage.twoday.net/search?q=housing
http://freepage.twoday.net/search?q=consumer+spending