World-News

UK: The 1.3 trillion pound bank job

The furore over Sir Fred Goodwin's massive pension worked as an effective smokescreen for far worse financial news that the Government was happy to keep out of the public eye. David Randall and Margareta Pagano report.

http://www.independent.co.uk/news/uk/home-news/the-13-trillion-pound-bank-job-1634729.html



U.S. readies another $30B as AIG debt problems mount

Insurance giant American International Group (AIG) on Sunday moved toward another restructuring of its massive debt, marking a further widening of the historic federal bailout of financial markets.

http://www.usatoday.com/money/industries/banking/2009-03-01-debt-restructure-aig_N.htm



Mortgage Delinquencies Jump 50 Percent

More U.S. consumers are filing for personal bankruptcy or relying on credit cards as the recession deepens and unemployment rises, a top credit bureau executive told Reuters.

http://moneynews.newsmax.com/headlines/mortgage_delinquency/2009/02/27/186362.html



Buffett: Economy will remain in 'shambles'

Profit fell 96 percent, the fifth straight quarterly decline, and Berkshire's net worth tumbled $10.9 billion in the year's final three months.

http://www.msnbc.msn.com/id/29441863



16 US banks collapse in just two months

With the financial meltdown continuing unabated, US has already seen the collapse of 16 banks in the last two months -- which is more
than one-fourth the total number of failures in the last nine years.

http://snipurl.com/cx55j



Pension bombs going off

Exploding pension fund shortfalls are blowing billion-dollar holes in the balance sheets of some of the Chicago area's biggest companies, forcing them to make huge contributions to retirement plans at a time when cash flow and credit are already under stress.

http://www.chicagobusiness.com/cgi-bin/article.pl?articleId=31402



Right-Wing 'Tea Party' Movement Was Planned Months Ago by GOP Billionaires

Bloggers reveal how the latest so-called "populist" revolt against the federal government was a pre-planned PR stunt.

http://www.alternet.org/workplace/129523/right-wing_%27tea_party%27_movement_was_planned_months_ago_by_gop_billionaires/



Buffett says U.S. Treasury bubble one for the ages

Warren Buffett, whose Berkshire Hathaway Inc (BRKa.N) (BRKb.N) sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.

http://uk.reuters.com/article/businessNews/idUKTRE51R1Q720090228

From Information Clearing House



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