Argentina nationalizes U.S.-owned defense plant: Argentina will re-nationalize a military-aircraft factory that was acquired by U.S. defense titan Lockheed Martin in the 1990s, President Cristina Fernandez said Tuesday. Britain showing signs of heading towards 1930s-style depression, Bank of England says: The country is displaying early symptoms of being trapped in a so-called “debt deflation trap” where families find themselves pushed further and further into the red every month, according to a Bank report published today. UK: Unemployment among young workers hits 15 per cent: Embarrassment for Brown as new figures set to show jobless total has hit 2 million Global trade collapsing: U.S. exports falling at 49% pace as customers fade away Completed Foreclosures Hit New High in February: Even pre-foreclosure filings hit a new high, rising to 207,703 in February, up 24 percent from 166,860 in January and nine percent from 190,467 in December, the previous high. Ghost Town: An American Nightmare: Wilmington, a small town in America’s Midwestern rust belt, was home to the world’s largest private airport. Then recession struck U.S. credit card defaults rise to 20 year-high: "There is a continued deterioration. Trends in credit cards will get worse before they start getting better," said Walter Todd, a portfolio manager at Greenwood Capital Associates.
Wednesday, 18 March 2009
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