Tuesday, 26 October 2010

One Quarter of French Gas Stations Without Fuel Amid Strikes, Blockades: The refiners’ group Union Francaise des Industries Petrolieres said shortages may worsen tomorrow as truck drivers transporting fuel couldn’t make deliveries today, Agence-France Presse reported today citing the UFIP.

France's Sarkozy approval at record low: French President Nicolas Sarkozy's approval rating has sunk to its lowest level yet, a poll reported Sunday, as protests over his pension reforms left the country struggling with gas shortages, travel chaos and school shutdowns.

Retired and broke: Why retirees are declaring bankruptcy: An elderly couple makes stroll outside a home for the elderly in this file photo. REUTERS/Christian Charisius For more and more seniors, retirement doesn’t mean a debt-free life of leisure. An increasing number of Americans aged 65 and older are declaring bankruptcy, according to a recent study by John Pottow, professor of law at the University of Michigan Law School.

FDIC Called On To Put Bank Of America Into Receivership: "We should remove the senior leadership of the banks and replace them with experienced bankers with a reputation for integrity and competence, i.e., the honest officers that quit or were fired because they refused to engage in fraud," Black and Wray write.

Foreclosure Mess Scares Away Investors as 'Fear Has Taken Hold': Investors who have been snapping up foreclosed homes are backing off in the wake of the U.S. foreclosure fiasco, driven off by sagging inventory and fears over legal title.