Iceland leader vetoes bank repayments bill: Iceland's president has refused to sign a controversial bill to repay $5bn (£3.1bn) to the UK and the Netherlands. President Olafur Ragnar Grimsson said he would instead hold a referendum on the bill, following public protests. Robert Rubin: All Hell Could Break Loose Because of the Huge Government Debt: The ultimate insider, Robert Rubin, who is a former secretary of the Treasury (1995–99) and now serves as co-chairman of the Council on Foreign Relations and is a fellow of the Harvard Corporation, in a Newseek opinion piece had this to say: US Pending Home Sales Plunge the Most on Record: Looking into the initial breakdown, the regional readings all reported declines. The Northwest and Midwest paced the slump with matching 25.7 percent plunges for the month; the Southern sector of the United States saw a 15 percent drop in sales Schwarzenegger Girds for Deficit Fight as Borrowing Costs Soar: With a $21 billion deficit forecast over the next 18 months, the governor of the most populous U.S. state has said he won’t boost taxes again, leaving him reliant on spending cuts and federal help to balance the books next fiscal year, which starts July 1. US job satisfaction has hit 22-year low, survey says: An annual survey suggets that Americans who still have a job are less satisfied with their work than at any time in the last two decades.
Wednesday, 6 January 2010
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