Japan exports drop 46% in January: Trade in electronics and other goods has also slumped as global economies and consumer spending contract, pushing Japan deeper into recession. The Credit Card Debt Crisis: The Next Economic Domino: Credit card defaults are on the rise and are expected to hit 10 percent this year. This will obviously drive many banks closer to failing their stress tests -- but it will have an even greater impact on the lives of people who find themselves sinking deeper and deeper into debt. Get Ready for Mass Retail Closings: About 220,000 stores may close this year in America, says our guest, retail consultant Howard Davidowitz of Davidowitz & Associates. As more Americans save and spend less, it's clear there's too much retail space Jefferson County, AL Can’t Make $636 million Debt Payment: The county was recently downgraded by the ratings agencies which resulted in accelerated principal and interest payments due to banks.
Thursday, 26 February 2009
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