World-News

Bulletins From Clunkerville

By Mike Whitney

Toxic assets, falling home prices, widespread malaise in the credit markets are just part of the problem. The deeper issue is the dismal condition of the US consumer who has seen his home equity dissipate, his retirement funds sawed in half, his access to credit curtailed, and his job put at risk.

http://informationclearinghouse.info/article23272.htm



US Economic Myths Bite the Dust

By Mark Weisbrot

If we look at what percentage of our overall labour force is self-employed, or what percentage of manufacturing workers or high-tech workers are employed in small businesses - well, the US ranks at or near the bottom among high-income countries.

http://informationclearinghouse.info/article23271.htm



Toxic Loans Topping 5% May Push 150 Banks to Point of No Return

More than 150 publicly traded U.S. lenders own nonperforming loans that equal 5 percent or more of their holdings, a level that former regulators say can wipe out a bank's equity and threaten its survival.

http://bloomberg.com/apps/news?pid=20601087&sid=aTTT9jivRIWE


From Information Clearing House



http://freepage.twoday.net/search?q=US+econom
http://freepage.twoday.net/search?q=clunker
http://freepage.twoday.net/search?q=toxic+asset
http://freepage.twoday.net/search?q=home+prices
http://freepage.twoday.net/search?q=credit+market
http://freepage.twoday.net/search?q=US+consumer
http://freepage.twoday.net/search?q=retirement
http://freepage.twoday.net/search?q=Mike+Whitney
http://freepage.twoday.net/search?q=Mark+Weisbrot