Spain offers mortgage relief to 500,000 workers: The Spanish government said on Monday it will allow unemployed workers to delay making half their mortgage payments for two years as it seeks to cushion the impact of rising joblessness and economic slowdown. Collapse of US auto sales points to deep recession: Sales fell by a staggering 31.9 percent last month over the previous year in a further sign the US economy has entered a deep and protracted downturn, threatening the jobs of millions of working people.
Thursday, 6 November 2008
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