Anglo Irish Bank gets €4bn lifeline after Ireland's worst ever loss: The Irish government is injecting up to €4bn (£3.5bn) into the nationalised Anglo Irish Bank, which reported the worst loss in Irish history today and risked becoming a threat to the system. Your Share of the US Debt: Your family’s share of the government debt is now over half a million dollars. A record $546,668, to be exact. That cheery Monday stat comes courtesy of a USA Today study, which claims that each American family’s share rose 12% in 2008. That’s $55,000 in new government debt last year for every US household – thousands more than the median household annual income. Here’s how it breaks down: US Government takes 60% of GM in Chapter 11 bond deal: The United Auto Workers (UAW) union will take 17.5 per cent in shares and the governments of Canada and Ontario will lend $9.5 billion (£5.9 billion) and get 12 per cent equity and $1.7 billion debt in return. The US Government will provide an additional $30 billion in financing to get the giant through bankruptcy. Crisis at the VA as Benefits Claims Backlog Nearly Tops One Million: - During the past four months, the Department of Veterans Affairs backlog of unfinished disability claims from grew by more than 100,000, adding to an already mountainous backlog that is now close to topping one million.
Tuesday 2 June 2009
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