45 percent of world's wealth destroyed

Blackstone CEO

"Between 40 and 45 percent of the world's wealth has been destroyed in little less than a year and a half," Schwarzman told an audience at the Japan Society. "This is absolutely unprecedented in our lifetime."

//www.reuters.com/article/GCA-Economy/idUSTRE52966Z20090311



Chinese Premier concerned about assets in US

Wen Jiabao reminded the United States of its responsibilities in easing the global financial crisis - and of its indebtedness to his country, which now owns the bulk of US Treasuries. "I would like ... to once again request America to maintain its trustworthiness, keep its promise and guarantee the safety of Chinese assets," he said.

//business.timesonline.co.uk/tol/business/economics/article5899805.ece



Democrats draw up plan for second stimulus bill

Democrats in the US Congress are drawing up plans for a second stimulus bill amid fears the first $787 billion package was not big enough to kick start the US economy.

//snipurl.com/drop3



Cities Are Selling Stimulus Funds to Each Other

In Los Angeles County, cities are buying federal stimulus funds from each other at deep discounts, turning what was supposed to be a targeted infusion of cash into a huge auction.

//snipurl.com/droph



Foreclosures just keep on rising

The latest RealtyTrac numbers, point to a 30 percent, year-over-year increase in foreclosures across the country and a nearly 6 percent jump from just this January.

//www.boston.com/realestate/news/blogs/renow/2009/03/foreclosures_ju.html


From Information Clearing House



//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=US+Treasuries
//freepage.twoday.net/search?q=stimulus
//freepage.twoday.net/search?q=$787
//freepage.twoday.net/search?q=foreclosure

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