IMF warns that banks have yet to reveal half their likely losses

BANKS AROUND the world still have to reveal about half their likely losses resulting from the financial and economic crisis, the International Monetary Fund said yesterday, warning there was still a "significant" risk of another downward lurch in the global recession.

//www.irishtimes.com/newspaper/finance/2009/1001/1224255613222.html



Banks With 20% Unpaid Loans at 18-Year High Amid Recovery Doubt

The number of U.S. lenders that can't collect on at least 20 percent of their loans hit an 18-year high, signaling that more bank failures and losses could slow an economic recovery.

//www.bloomberg.com/apps/news?pid=20601087&sid=aXZinRhF5tlA



We're broke: time for a new tax

Given the country's fiscal hole, former Fed chair Paul Volcker and many tax experts say there may be a need for a value-added tax.

//money.cnn.com/2009/10/01/news/economy/new_tax_needed/index.htm



U.S. Factory Orders Plunge Unexpectedly in August

New orders to U.S. factories fell in August by the largest amount in five months, as American manufacturers struggle to emerge from the recession.

//www.foxnews.com/politics/2009/10/02/factory-orders-plunge-unexpectedly-august/



U.S. loses 263,000 jobs in September

The United States lost 263,000 jobs in the month of September and unemployment continued to trend upward to 9.8 percent, according to a new report from the U.S. Department of Labor Bureau of Labor Statistics.

//dallas.bizjournals.com/dallas/stories/2009/09/28/daily48.html


From Information Clearing House



//freepage.twoday.net/search?q=IMF
//freepage.twoday.net/search?q=Paul+Volcker
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=economic+crisis
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=recovery
//freepage.twoday.net/search?q=fiscal+hole
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=job+loss

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