World-News

Worst retail sales trend since 1974 expected

"October will prove to be a disaster for retail sales, with only the discounters having anything to cheer about," wrote Avery Shenfeld, an economist for CIBC World Markets.

http://tinyurl.com/689nne



Dismal economic news and it's certain to get worse

Friday's dismal news that the unemployment rate rose to 6.5 percent and employers shed another 240,000 jobs in October made it clear that the U.S. economy is now in recession.

http://www.mcclatchydc.com/251/story/55471.html



Just 3 'superbanks' now dominate industry

Sudden consolidation raises questions about regulation, consumer impact.
http://www.msnbc.msn.com/id/27441147



States face unemployment cash crisis

Rising unemployment drains state trust funds, forcing them to borrow from Washington to continue paying claims.

http://tinyurl.com/5qcb3q


From Information Clearing House



http://freepage.twoday.net/search?q=unemployment
http://freepage.twoday.net/search?q=job+loss
http://freepage.twoday.net/search?q=recession