US faces same problems as Greece, says Bank of England

Mervyn King, Governor of the Bank of England, fears that America shares many of the same fiscal problems currently haunting Europe.

//snipurl.com/wd7az



"World's Worst Financial Crisis Ever": Governor Bank of England

The following experts have said that the economic crisis could be worse than the Great Depression.

//www.washingtonsblog.com/2010/05/mervyn-king-worlds-worst-financial.html



Bank-Failure Tally Grows to 72 for 2010

So far this year, 72 banks have collapsed and the spate of failures is expected to continue throughout 2010.

//snipurl.com/wd7el



Bank Failures Exceed 2009's Pace

Year-to-date bank failures were more than double the pace for the same period in 2009, when there were 33 bank closures.

//www.thestreet.com/story/10757598/1/bank-failures-exceed-2009s-pace.html



Bankers' earnings surge towards pre-crash levels

Pay and bonuses totalled £20.5bn in four months to April, compared with £24bn at height of boom in 2007.

//www.guardian.co.uk/business/2010/may/13/bankers-pay-bonuses-surge



US bankruptcies resume upward path in 1st quarter

U.S. bankruptcy filings resumed their upward climb in the first quarter, nearly equaling their highest level since 2005, as high unemployment and a still-strained housing market squeezed consumers.

//www.reuters.com/article/idUSN1418760920100514



Eight banks face US investigation

New York Attorney General Andrew Cuomo is looking at whether the relationship between the banks and credit rating agencies was manipulated to gain a better ratings for risky securities.

//news.bbc.co.uk/2/hi/business/10115471.stm



Millions of jobs lost, many may never return

Jobs in the beleaguered manufacturing sector aren't the only ones likely lost forever. What sets the Great Recession apart is the variety of jobs that may not return.

//www.msnbc.msn.com/id/37132888/ns/business-stocks_and_economy/



Great Depression 2.0. Bet on it

By Mike Whitney

If the government cuts spending at the same time as consumers, then overall spending declines and the economy slips into recession. This is what the deficit hawks want--a return to recession. This is politics, not economics.

//www.informationclearinghouse.info/article25516.htm


From Information Clearing House

--------

Crony capitalism caused the crisis

Nolan Chart
by Kenn Jacobine

05/15/10

The old mantra goes, ‘capitalism is a flawed system that requires government intervention to alleviate the suffering caused by its shortfalls.’ Supported by their tax dollar dependent cronies in academia and their big government loving mouthpieces in the mainstream media, our ruling elite has been effective in socializing the masses that they know what they are talking about. It is of course all an attempt to justify expanding the size of government even more so there is more for the politicians to give away to their faithful supporters. Capitalism did not cause the financial crisis that we are still mired in some 29 months after it began; crony capitalism did...

//www.nolanchart.com/article7704.html


Informant: Thomas L. Knapp

--------

Deficits To Go Galactic
//www.lewrockwell.com/north/north845.html



//freepage.twoday.net/search?q=Greece
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=fiscal+problem
//freepage.twoday.net/search?q=economic+crisis
//freepage.twoday.net/search?q=capitalism
//freepage.twoday.net/search?q=deficit
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=big+government
//freepage.twoday.net/search?q=ruling+elite
//freepage.twoday.net/search?q=Great+Depression
//freepage.twoday.net/search?q=credit+rating
//freepage.twoday.net/search?q=risky+securities
//freepage.twoday.net/search?q=bank+failure
//freepage.twoday.net/search?q=bonus
//freepage.twoday.net/search?q=bankruptcies
//freepage.twoday.net/search?q=housing
//freepage.twoday.net/search?q=job+loss
//freepage.twoday.net/search?q=unemploy
//freepage.twoday.net/search?q=taxpayer
//freepage.twoday.net/search?q=Kenn+Jacobine
//freepage.twoday.net/search?q=Mike+Whitney
//freepage.twoday.net/search?q=com/north

World-News

Independent Media Source

User Status

Du bist nicht angemeldet.

Suche

 

Aktuelle Beiträge

The Senate Must End the...
https://www.commondreams.o rg/views/2021/10/25/senate -must-end-filibuster?utm_t erm=AO&utm_campaign=Daily% 20Newsletter&utm_content=e mail&utm_source=Daily%20Ne wsletter&utm_medium=Email
rudkla - 26. Okt, 05:44
Manchin and His GOP Allies...
https://www.commondreams.o rg/views/2021/10/22/manchi n-and-his-gop-allies-are-l ying-you-about-what-it-mea ns-live-society?utm_term=A O&utm_campaign=Daily%20New sletter&utm_content=email& utm_source=Daily%20Newslet ter&utm_medium=Email
rudkla - 23. Okt, 05:46
Don't Blow Up Our Future,...
https://www.commondreams.o rg/views/2021/10/20/dont-b low-our-future-senator-man chin?utm_term=AO&utm_campa ign=Daily%20Newsletter&utm _content=email&utm_source= Daily%20Newsletter&utm_med ium=Email
rudkla - 21. Okt, 05:44
'End the Jim Crow Filibuster':...
https://www.commondreams.o rg/news/2021/10/20/end-jim -crow-filibuster-republica ns-rebuked-after-torpedoin g-voting-rights-bill?utm_t erm=AO&utm_campaign=Daily% 20Newsletter&utm_content=e mail&utm_source=Daily%20Ne wsletter&utm_medium=Email
rudkla - 21. Okt, 05:42
Draft Report Accuses...
https://www.commondreams.o rg/news/2021/10/20/draft-r eport-accuses-bolsonaro-cr imes-against-humanity-covi d-19-recklessness?utm_term =AO&utm_campaign=Daily%20N ewsletter&utm_content=emai l&utm_source=Daily%20Newsl etter&utm_medium=Email
rudkla - 21. Okt, 05:41

Archiv

Mai 2010
Mo
Di
Mi
Do
Fr
Sa
So
 
 
 
 
 
10
 
 
 
 
 
 
 

Status

Online seit 6001 Tagen
Zuletzt aktualisiert: 26. Okt, 05:44

Credits


Afghanistan
Animal Protection - Tierschutz
AUFBRUCH für Bürgerrechte, Freiheit und Gesundheit
Big Brother - NWO
Brasilien-Brasil
Britain
Canada
Care2 Connect
Chemtrails
Civil Rights - Buergerrechte - Politik
Cuts in Social Welfare - Sozialabbau
Cybermobbing
Datenschutzerklärung
Death Penalty - Todesstrafe
Depleted Uranium Poisoning (D.U.)
Disclaimer - Haftungsausschluss
... weitere
Profil
Abmelden
Weblog abonnieren