Sunday, 14 February 2010

AMERICAN ACCOUNT

Irwin Stelzer

Market capitalism is so yesterday, state capitalism so now




MONEY

Michaella Waldren who had difficulty finding a place to rent.

‘Generation Rent’ warned to forget buying

Renting for longer will be the only


option for millions, experts say




US bailout watchdog warns of property crisis

Warning of wave of bad commercial debt, threatening 'economic damage that could touch the lives of nearly every American'



Tax bombshell awaits voters - 20% VAT

A rise in VAT is likely after the general election as Labour and the Tories draw up plans to balance Britain’s books

China move on bank reserves hits US shares

Surprise decision by Peking raises prospect of tighter lending and, as a result, reduced consumer spending in China

Worries for eurozone as Greek plight worsens

European leaders view alarming new figures on Greek economy, coinciding with worrying statistics from Italy and Germany

Dow falls after China increases bank reserves

Chinese central bank's decision to raise the level of bank reserves leads to fears that China won't fund recovery



City fears blowout on inflation target

Inflation is set to surge this week, raising questions over the Bank's forecast of a sharp fall by the end of the year