World-News

Weekly wages fell at the fastest rate in 60 years in February as City bonuses were slashed and workers agreed to reduced hours in the wake of recession, the latest official figures show.

http://snipurl.com/h6i48



China has 'canceled US credit card': lawmaker

China, wary of the troubled US economy, has already "canceled America's credit card" by cutting down purchases of debt, a US congressman said Thursday.

http://news.yahoo.com/s/afp/20090430/pl_afp/financeeconomyuschinabonds



US Senate defeats mortgage relief measure

The US Senate on Thursday defeated a measure that could have helped millions of Americans avoid foreclosure by letting bankruptcy judges cut their mortgage payments.

http://snipurl.com/h6i59



US still deep in recession

American gross domestic product (GDP) - which tracks goods and services output within the country - dropped 6.1% over the first three months of the year, compared with 6.3% in the last three months of 2008. It is the largest first-quarter decline since the late 1950s.

http://www.guardian.co.uk/business/2009/apr/29/us-recession-worse-than-feared



Over 100 Investment Firms and Agents Subpoenaed in Widening Pension Fund Probe

A national network of investment firms and their middlemen are conspiring in fraudulent practices and kickback schemes to receive lucrative business opportunities with state and local pension funds, according to New York Attorney General Andrew Cuomo.

http://abcnews.go.com/Blotter/story?id=7481344&page=1


From Information Clearing House



http://freepage.twoday.net/search?q=recession
http://freepage.twoday.net/search?q=US+economy
http://freepage.twoday.net/search?q=GDP
http://freepage.twoday.net/search?q=mortgage
http://freepage.twoday.net/search?q=foreclosure