California prepares to stop paying bills

Come Feb. 1, tax refunds, welfare checks replaced with IOUs
//www.worldnetdaily.com/?pageId=87175



Consumer confidence hits another low

A new year and a new president failed to boost consumer confidence this month, as the outlook dropped to its lowest level in more than 40 years, according to a report released Tuesday.

//www.bizjournals.com/charlotte/stories/2009/01/26/daily21.html



Bloody Monday: Over 71,400 jobs lost

More than 200,000 job cuts have been announced so far this year, according to company reports. Nearly 2.6 million jobs were lost over 2008, the highest yearly job-loss total since 1945.

//tinyurl.com/dm8ymm



US firms announce heavy job cuts

US construction equipment giant Caterpillar earlier said it was to cut about 20,000 jobs, after its profits slumped by 32 per cent.

//english.aljazeera.net/news/americas/2009/01/200912771624892342.html



Fannie, Freddie may tap U.S. Treasury for $51 bln

The storm of rising delinquencies and falling securities values that led to the government's seizure of the companies in September accelerated in the last quarter, requiring Fannie Mae and Freddie Mac to seek more of the stop-gap measures organized by the U.S. Treasury and their regulator. Analysts predicted more capital needs from Treasury through 2009.

//www.reuters.com/article/email/idUSTRE50P7EG20090126



Forecasters see historic drop in retail sales

Half-percent downturn in '09 would be the first one in at least 30 years
//www.msnbc.msn.com/id/28863873/


From Information Clearing House



//freepage.twoday.net/search?q=consumer+confidence
//freepage.twoday.net/search?q=jobs+loss
//freepage.twoday.net/search?q=job+cuts
//freepage.twoday.net/search?q=Fannie+Mae
//freepage.twoday.net/search?q=Freddie+Mac
//freepage.twoday.net/search?q=Treasury
//freepage.twoday.net/search?q=securities+value
//freepage.twoday.net/search?q=retail+sales

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