UK jobless rate hits 13-year high: The number of jobless increased by 210,000 in the three months leading up to July, figures showed on Wednesday, taking the unemployment rate up to 7.9 per cent, Britain's highest since November 1996.
U.S. credit card defaults up, signal consumer stress : Bank of America Corp and Citigroup Inc customers defaulted on their credit card debts in August at the highest rates since the onset of the recession, a sign that the banks' consumer lending woes are far from over.
Peter Schiff: Americans must prepare for deepening unemployment, inflation and possible breadlines: Economist Peter Schiff tells RT's Marina Portnaya that Lehman Brothers failure was a success not a failure. He says Americans will face increasing unemployment, inflation, and possible bread-lines if government backed bail-outs continue.