Severity of U.S. Job Losses Signals Unemployment Likely to Keep Climbing
Bloomberg | Millions more U.S. workers are likely to lose their jobs after the economy’s freefall sent unemployment in January to the highest level since 1992 and payrolls tumbled.
IMF Says Advanced Economies Already in Depression
Bloomberg | Advanced economies are already in a “depression” and the financial crisis may deepen unless the banking system is fixed, International Monetary Fund Managing Director Dominique Strauss-Kahn said.
Rep. Kanjorski: $550 Billion Disappeared in “Electronic Run On the Banks”
Infowars | Rep. describes the removal of $550 billion from money market accounts over a two hour period as “an electronic run on the banks.”
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Protectionism, unemployment and riots as the global slump deepens
MoneyWeek | As the worst global downturn since the war tightens its grip, employers across the globe have been swinging the axe in earnest.
Think of this layoff as your gateway to an exotic cross-cultural adventure
John Murrell | IBM is not only offshoring IBM U.S. jobs but they want employees to offshore themselves through Project Match.
Governments growing nervous at increased social tensions
Irish Times | Words coined during the dark days of the 1930s such as “bankster”, which is a mix of banker and gangster, are suddenly back in vogue.
Juriaan Maessen | Because the bluebloods considered their subjects as little more than animals, the inevitable next step was that they should expand their experimentations to their human quarry. Royalty is the name, eugenics their game. Reuters | Canada’s position at the upcoming meeting of Group will be that an international body is also urgently needed to restore confidence. Times Online | The European Union warned the US yesterday against plunging the world into depression by adopting a planned “Buy American” policy, intensifying fears of a trade war. Economic Forecast Latest Breaking News
The Potsdam Giants
Canada says global banking body needed in 2009
Obama to water down ‘Buy American’ plan after EU trade war threat
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