More than 130 arrested during Chicago schools protest: Over 130 were arrested in Chicago as thousands of teachers, parents and students protested against a decision to close 54 public schools. Chicago Mayor Rahm Emanuel has refused further negotiations, apparently making the closings a done deal.
US Savings Rate Near Record Low, Per Capita Disposable Income Almost Back To December 2006 Level: For those claiming there is something called a "recovery" underway, perhaps they can point out just where on this chart of Real Disposable Income per capita one can find said recovery.
Overwhelming Student Debt Has Parents Getting Life Insurance Policies on Their Kids: When my parents first announced at Thanksgiving that they were taking out a life insurance policy on me, I was taken aback and slightly offended. In fact, I thought it was a cruel joke.
Russia to ban cash transactions over $10,000: The government plans to slash the amount of cash in domestic trade.
BRICS Nations Plan New Bank to Bypass World Bank, IMF: The BRICS nations, which have combined foreign-currency reserves of $4.4 trillion and account for 43 percent of the world’s population, are seeking greater sway in global finance to match their rising economic power. They have called for an overhaul of management of the World Bank and IMF
More than 130 arrested during Chicago schools protest: Over 130 were arrested in Chicago as thousands of teachers, parents and students protested against a decision to close 54 public schools. Chicago Mayor Rahm Emanuel has refused further negotiations, apparently making the closings a done deal.
US Savings Rate Near Record Low, Per Capita Disposable Income Almost Back To December 2006 Level: For those claiming there is something called a "recovery" underway, perhaps they can point out just where on this chart of Real Disposable Income per capita one can find said recovery.
Overwhelming Student Debt Has Parents Getting Life Insurance Policies on Their Kids: When my parents first announced at Thanksgiving that they were taking out a life insurance policy on me, I was taken aback and slightly offended. In fact, I thought it was a cruel joke.
RBS and Lloyds have overstated (Lied) their capital: The Financial Policy Committee (FPC) of the Bank of England has identified that UK banks have overstated their capital by £52bn after examining their balance sheets.
My concern is that we are going to have a systemic crisis where it is going to be very difficult to hide. Even in gold, it will be difficult to hide.
JPMorgan Chase Faces Full-Court Press of Federal Investigations: At least two board members are worried about the mounting problems, and some top executives fear that the bank’s relationships in Washington have frayed as JPMorgan becomes a focus of federal investigations.
Cyprus banks reopen – but stock exchange will remain closed: Small queues as bank staff turn up for work early in Nicosia and cash is delivered under heavy security.
Cyprus to limit cash, credit-card use abroad: report: Cyprus is to impose a ban on cashing cheques and limit the amount of cash that can be taken out of the country under a series of measures to avert a run on its s crippled banks, a Greek newspaper reported on Wednesday.
Slovenia faces contagion from Cyprus as banking crisis deepens: Slovenia’s borrowing costs have rocketed over recent days as it grapples with a festering financial crisis, becoming the first victim of contagion from Cyprus.
When Will Deposit Haircuts Take Place In Other European Countries?: When will such days of reckoning happen? Ask the Cypriots: they had no idea they would wake up one day with virtually all of their deposits over €100,000 wiped out.
German Unemployment Unexpectedly Rises Amid Euro Crisis: The number of people out of work increased a seasonally adjusted 13,000 to 2.94 million, the Nuremberg-based Federal Labor Agency said today. Economists had predicted a decline of 2,000
Consumer Confidence Cools as U.S. Jobless Claims Rise: Confidence among U.S. consumers fell to a six-week low and claims for jobless benefits rose more than forecast, highlighting the risks to the economy posed by federal government budget cuts.
Jobless claims rise. More than 5 million on unemployment rolls.: Initial jobless claims increase 16,000 to reach 357,000. Continued unemployment claims keep declining, but nearly 5.4 million Americans are still on state or federal unemployment rolls.
U.S. New Home Sales Fall More Than Expected In February: The report said new home sales fell 4.6 percent to a seasonally adjusted annual rate of 411,000 in February from the revised January rate of 431,000.
Homeless Turn to New Jersey's "Tent City": Video It's something you see too often in developing countries. But this tent encampment is in Lakewood, New Jersey - an hour's drive from Manhattan. They call it Tent City.
Posts
