World-News

The "horrendous" scale of Britain's industrial recession has been laid bare by figures showing that manufacturing output is declining at the fastest rate since records began more than 40 years ago.

http://snipurl.com/dltzf



Bank to begin 'printing money' to boost economy

The Bank of England will start pumping newly created money into the economy today by buying £2 billion in gilts as it embarks on "quantitative easing" in an effort to boost the economy.

http://business.timesonline.co.uk/tol/business/economics/article5885617.ece



Seven states post jobless rates above 10 percent

Michigan was saddled with the nation's highest jobless rate in January, 12.5 percent in statistics that were not seasonally adjusted. It had been the only state to rise above 10 percent during the previous month, December 2008.

http://www.bizjournals.com/dayton/stories/2009/03/09/daily43.html



US companies pull out of retirement contributions

A wave of US companies are suspending payments to their staff 401(k) retirement plans in a bid to cut costs amid the economic downturn.

http://snipurl.com/dlu2b


From Information Clearing House



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