Economy struggling to recover

5. of April 2013

US Economy shows gains in part-time job creation, not in standard of living. 50 mln Americans live in poverty. - Fotelia.


America goes energy independent

13. of November 2012

US to produce more oil than Russia and Saudi Arabia by 2017. Pic North Dakota Oil fields - copyrights Dreamstime

globwatch.com globwatch.com

Iraq is falling apart

20. of May 2013


Bomb blasts kill at least 70 people across Iraqi capital. Pic. copyrights dreamstime.com

Sectarian violence rages in Iraq on US-led invasion anniversary

29. of March 2013


Renewed violence against Shias and police forces kills 60 people - Pic. copyrights iStockphoto.com

Violent protests against Egypt's SCAF

4. of May 2012


Protests against the Supreme Council of Armed Forces leave 20 dead and more than 59 injured in 2 days. Pic. copyrights...

US Elections 2012

4. of May 2012


Jerry Lee will offer no support to Obama this time around. - Pic. copyrights iStockphoto.com

Al Qaeda Militants Attack Iraq

5. of March 2012


27 police officers killed in SIXTH massive operation against the central government of Iraq, after last US soldier quits Iraq....

Gw's Award 2012 goes to Angela Jolie

16. of February 2012


In times of uncertainty, people see Jolie's spirit as "hope and the way forward". Pic. Angela Jolie - istockphoto.com

Egypt bars foreigners from leaving the country

27. of January 2012


Islamists strain relations with pro-democratic movements - and states. Pic. copyrights dreamstime.com

Damon's disillusioned with obamania

23. of December 2011


Jerry Lee demands real leadership to help people access the middle class. Pic: dreamstime.com

globwatch.com
globwatch.com
Comments on the Economy since 2008Economic indicators - Oil, Sentiment, Rates, ...
UsageNews on the Economy since 2008
News screened by Jerry Lee:
FRMay 15, 13 France is back into recession, EU remains in negative growth
USMay 9, 13 US jobless claims falls to 5-1/2 years low
USMay 5, 13 Strong US job report drives rate to four-year low
EUMay 2, 13 ECB cut rates to new lows as jobless rate hits new heights
GRApr 28, 13 Greece to cut another 15'000 state jobs by the end of 2014
ESApr 26, 13 Spanish jobless rate rises to 27.2%, economy to contract by 1.3%
UNApr 17, 13 Gold witnesses biggest two-day drop in 30 years
UNApr 16, 13 World growth forecast revised downwards
JPApr 4, 13 Japan will spend extra USD 520 bn per year to boost economy
CYMar 29, 13 Big depositors in Cyprus to lose more than 60% of holdings
CYMar 22, 13 Cyprus faces EU bailout to avert financial meltdown
ITMar 8, 13 Fitch rating agency cuts Italy credit to BBB+
USMar 1, 13 No deal in sight on automatic spending cuts
GBFeb 24, 13 UK loses top credit rating for first time since 1978
EUFeb 15, 13 Eurozone recession deepened in Q4 2012
EUFeb 8, 13 EU leaders agree on tight 2014-20 EU budget
JPJan 22, 13Japan promises open-ended easing to lift economy
UNJan 22, 13 World jobless figures grow by 4 million
DEJan 16, 13 Germany brings gold back home
EUJan 2, 13 Eurozone factory slump deepens
FRDec 30, 12 French income tax on the Rich ordered to be revised
USDec 20, 12 US GDP revised up to 3.1 percent on strong exports
USDec 20, 12 US home sales at three-year high
ITDec 18, 12 Ex-PM Berlusconi envisions Euro exit
GRDec 18, 12 Greece's credit rating gets strong boost from S&P
EUDec 13, 12 Eurozone members agree on rules over banking union
USDec 11, 12 FED pumping up assets to USD 4 Trillion in new QE
EUNov 21, 12 EU members still not in agreement over Greece bailout
USNov 12, 12 US to overtake Saudi Arabia in oil production by 2020
JPNov 11, 12 Japan's economy contracting 3.5 percent from a year earlier
USNov 1, 12 Good US economic-data boosts S&P
ESOct 26, 12 Jobless rate hits new high to 25% in third quarter
GROct 25, 12 Greece gets two-year bailout extension
EUOct 19, 12 EU summit boosts financial integration with SSM
CNOct 8, 12 World Bank confirms China economic slow-down
EUOct 8, 12 EU-budget union nears closer
USOct 6, 12 US Jobless rate unexpectedly drops to 7.8 percent
GRSep 22, 12 Most Greeks feel austerity measures are unfair
PRSep 22, 12 Portugal gives up social security tax hike on protests
EUAug 24, 12 Merkel and Hollande adopt tough stand on Greece
JPAug 13, 12 Japan's economic growth stumbles to just 0.3%
GRAug 8, 12 Greece unemployment climbed to 23.1 percent in May
EUAug 1, 12 Eurozone manufacturing drops fastest in three years
EUJul 25, 12 Spanish rates rise, Greece far from Troika agreement
UKJul 25, 12 Britain falls back into recession, 2nd time since 2008
UNJul 22, 12 Super-rich hide USD 32tr in safe havens
USJul 14, 12 JP Morgan hidden trading losses jump to USD 5.8 bln
IRJul 6, 12 Ireland successfully sells bills, first time since bailout in 2010
WJul 6, 12 World central banks reduce rates in coordinated move
USJul 4, 12 US manufacturing shrinks for the first time in three years
CNJul 2, 12 Chinese PMI, a leading economic indicator, to seven-month low
EUJun 29, 12 ESM Fund gets greater role in EU bank union
EUJun 29, 12 EU leaders commit USD 149bn to economic growth
DEJun 18, 12 German economic moral nosediving - sharpest drop since 1998
USJun 19, 12 US housing market appears to be on track to recovery
GRJun 18, 12 Greek pro-bailout party wins vote
ESJun 14, 12 Borrowing costs in Spain tops 7% as Moody downgrades bonds
ESJun 10, 12 Spanish banks get 100bn-euros bailout from Euro zone
ESJun 7, 12 Spain downgraded on bailout fears
ESMay 25, 12 Bankia of Spain needs USD 19bn in liquidity
USMay 22, 12 Morgan Stanley cut Facebook estimate just before IPO
EUMay 22, 12 OECD: Eurozone unemployment to break 11% mark in 2012
USMay 19, 12 World leaders vow to back Greece and avoid financial turmoil
EUMay 16, 12 ECB stops providing liquidity to some Greek banks
USMay 12, 12 US consumer sentiment at four-year high
EUMay 4, 12 Eurozone PMI falls sharply as bailed-out economies drag Europe into recession
USApr 27, 12 US annualized economic growth falls to 2.2 percent
ESApr 27, 12 S&P downgrades Spanish debt to BBB+
DEApr 20, 12 German business confidence gets even stronger
GRApr 20, 12 Greek banks post USD 37 Billion losses in 2011
GRApr 2, 12 Greece not ruling out new bailout for the country
EUApr 2, 12 Eurozone unemployment at 15-year high
USMar 30, 12 US consumer spending at a seven-months high
EUMar 30, 12 EU boosts lending power to counter crisis to €800bn
USMar 22, 12 US jobless claims continue to 4-year low
USMar 13, 12 US retail sales continues to rise, 1.1% in February
HOMar 13, 12 EU freezes subsidies to Hungary as a measure of retaliation
GRMar 8, 12 80% of bondholders agree to forgive 70% of bond face value
EUMar 2, 12 Spain and Holland miss budget deficit targets for 2011
EUMar 2, 12 EU leaders push forward a treaty for European fiscal integration
DEFeb 27, 12 German parliament approves greek second bailout
GRFeb 22, 12 Greece gets second bailout amid public outrage
USJan 31, 12 US home prices dipping further
EUJan 31, 12 EU unemployment rate hits record high
ESJan 27, 12 Unemployment in Spain passes 5 million mark
USJan 26, 12 US growth rate accelerated in the last months of 2011
USJan 25, 12 Fed the leave rates unchanged until at least 2014
USJan 20, 12 US home sales increase to 11-month high as prices drop further
EUJan 13, 12 France, Italy, Austria and Spain downgraded by S&P
CHJan 9, 12 Swiss central bank chief quits over currency trading scandale
USJan 6, 12 US unemployment rate drops to three-year low
DESep 12, 12Germany's constitutional court gives green card on ESM funding
CNDec 26, 11 Yuan appreciated over 4 percent in 2011
EUDec 21, 11 ECB sells USD 643 bn worth of bonds to European banks
USDec 15, 11 Jobless claims in the US at 3.5 year low
EUDec 9, 11 EU-27 minus Britain agrees on fiscal union by Spring 2012
WNov 30, 11 World central banks act to defuse renewed financial stress
EUNov 28, 11 OECD warns of looming EU recession
SPNov 22, 11 Spain's borrowing cost at auction doubles to 5.11 percent
EUNov 10, 11 EU economic growth to stall in 2012
ITNov 9, 11 Italian debt under fire as rates reach 7 percent
CUNov 3, 11 Cuba legalizes private home sales
GRNov 1, 11 Papandreou wants referendum on austerity measures
DEOct 30, 11 Accounting error in Germany makes it 55 bn Euro richer
EUOct 19, 11 EU unveils EURO 50-billion infrastructure growth-plan
GROct 18, 11 Greeks prepare for new strike as unemployment rises to 16.5 percent
GROct 11, 11 Greece to receive more funding to abort 'systemic' crisis
EUOct 9, 11 France and Germany bail out Dexia bank
EUOct 6, 11 EU states draw plans to bail out banks over again
ITOct 5, 11 Moody's cuts Italian debt rating by three notches to A2
DESep 29, 11 German parliament stands behind Merkel in Greece bailout
EUSep 26, 11 Massive Eurozone rescue plan to further help banks
EUSep 24, 11 Talk of a possible Greek default gains pace
GRSep 21, 11 Greece extends austerity plan to gain new funds
GBSep 15, 11 Rogue trades in new banking debacle cost UBS 2 bn
USSep 8, 11 OECD predicts G7 economic growth will stall in Q4
USAug 31, 11 Obama solar company shuts down on China's rivalry
EUAug 12, 11 Large EU countries impose short-sale ban on financial stocks
CHAug 10, 11 Bank secrecy ends with new tax-evasion deal
USAug 10, 11 Bernanke loses support on rates within FED
USAug 6, 11 US credit rating downgraded to AA+ by S&P
FAug 4, 11 French court orders IMF Chief investigation
ESAug 4, 11 Cost of borrowing increases in Spain
USAug 3, 11 New US debt law avoids debt default
EUAug 1, 11 HSBank to will cut 30'000 jobs on global economic uncertainty
GRJuly 18, 11 Franc rise continues as Euro debt crisis intensifies
GRJuly 14, 11 Fitch Ratings downgrades Greece bonds below 'junk'
USJuly 13, 11 Bernanke to consider QE3 if European debt crisis deepens
ITJuly 12, 11 Treasury bill auction shows tense debt market in Italy
GRJuly 11, 11 Greek budget deficit widens on deeper than expected recession
CNJuly 9, 11 China inflation fastest in three years
EUJuly 7, 11 ECB increases rates in the midst of a European debt crisis
GRJuly 2, 11 Euro zone members approve USD 18 bln lending for Greece
GRJune 30, 11 Greece parliament passes law for austerity plan
WJune 23, 11 World tapping on oil strategic reserves to curb prices
USJune 22, 11 Bernanke reduces US growth forecast to 2.8 percent
GRJune 17, 11 European debt exposure in Greece is close to USD half a trillion
USJune 15, 11 Stagflation darkens global economic outlook
GRJune 15, 11 Deep economic austerity in Greece creates social chaos
UKJun 14, 11UK inflation at fastest pace since 2008
WJun 2, 11Car sales in new market slide
USJun 1, 11US economy losing strenght fast
CHJun 1, 11US deposits in Swiss banks reached irrelevancy
EUMay 30, 11EU racing to draft second bailout for Greece
ITMay 22, 11S&P revises outlook of Italy's credit rating to 'negative'
EUMay 13, 11Euro economic growth rate accelerates
USApr 28, 11US in bloody debt-limit fight, again
CUApr 19, 11Cuba opens up to private ownership
USApr 18, 11S&P downgrades US credit outlook to negative
USApr 13, 11With more jobs, US retail sales continues to grow
USApr 8, 11Gold hits new record on inflation fears
POApr 7, 11Portugal seeks bailout after banks warn government
EUApr 7, 11ECB raises key interest rates by 0.25 basis point to fight inflation
USApr 1, 11US unemployment rate dips to 8.8 percent
USMar 28, 11US Consumer spending rose more than forecast in February
ESMar 9, 11Moody downgrades Spanish debt to Aa2
USFeb 23, 11US housing market shows continued weakness
JPFeb 22, 11Japan's credit rating cut to 'negative'
USFeb 15, 11Deutsche Boerse set to take over the NYSE
USFeb 4, 11US unemployment plummets to 9 percent
USFeb 2, 11US manufacturing strongest in six years
PRJan 12, 11Solid bond sales in Portugal backed by EU fund rescue
USJan 12, 11Brent oil reaches USD 99, 27 months high
USJan 12, 11Bank of China permits limited purchase of Renminbis in New York
USJan 7, 11US unemployment rate falls to 9.4 percent
USJan 6, 11US December retail sales disappoint Wall Street
CHDec 29, 10Swiss franc continues to strengthen against the Dollar
USDec 17, 10Madoff victims may well recover a great share of their losses
USDec 17, 10Obama extends tax cuts that also favor the wealthy
USDec 3, 10US unemployment back to 9.8 percent
IDNov 21, 10Ireland requests international aid to mend financial system
GBNov 17, 10British banks' exposure to Ireland is USD 222 bn
GBNov 9, 10Largest credit rating agency in China downgrades US Treasuries
GBNov 9, 10Credit crunch looming as banks look to refinance USD 900bn
USNov 8, 10Zoellick proposes new Bretton Woods to stabilize currencies
USNov 3, 10Fed starts new long-term treasury buying to boost economy
UKOct 20, 10Europe is shifting away from Keynes politics of public deficits
USOct 14, 10Banks seize record number of homes in Q3
USOct 8, 10Record 30 percent of unemployed jobless for at least one year
IDOct 6, 10Rating agency downgrades Ireland
CHSep 12, 10New banking rules should avert future crises
CNSep 10, 10Chinese trade surplus narrows
USAug 25, 10US home sales fall to lowest in 15 years
USAug 22, 10Japan's stuck in anemic growth - US to follow?
CNAug 16, 10China is second largest economy in the world
DEAug 14, 10German economy experiences strong growth
CNJuly 15, 10China's overheated economy cools off
USJuly 12, 10US credit scores sink to new lows
USJun 30, 10Congress passes Wall Street regulations
CNJun 22, 10China slowly moves to flexible exchange-rate system
USJun 16, 10Seven percent more homeless families in 2009
CNJun 7, 10Prices may rise globally as wages increase in China
ESMay 24, 10Central bank of Spain bails out savings bank Caja Sur
USMay 21, 10US senate passes financial overhaul
GRMay 19, 10Euro currency hits four-year low despite aid to Greece
USMay 13, 10Foreclosures down, first time in five years
GRMay 2, 10EU and IMF agree to Euro 120bn bailout deal for Greece
USApr 25, 10US Bailout cost reduced to as low as USD 87 bln
USApr 17, 10Goldman Sachs charged with fraud by SEC
GRMar 25, 10Franco-German deal on Greece unlikely to restore confidence
USMar 11, 10US Senate votes 130bln package for jobless and health care
ISMar 7, 10Icelanders reject deal to repay British and Dutch
GRMar 4, 10USD 6.5 bnl austerity plan put into effect
GRFeb 15, 10Agreements with US firms hid Greece's long-term debt
USJan 29, 10US economy grew at 5.7 percent in Q4 2009
GBJan 27, 10Gap between rich and poor widet than in 1970
USJan 25, 10Home sales experienced sharpest monthly drop since 1968
CHJan 23, 10UBS client wins appeal against data handover
USJan 22, 10Obama plans to limit Bank's activities
GBJan 19, 10Inflation leaps to record high in 9 months
CNJan 13, 10China withdraws stimulus plan, will higher rates
JPJan 13, 10JAL on the verge of bankrupcy, no state support expected
CHJan 8, 10Release of UBS client data ruled as unlawful
USJan 8, 10US payrolls declined 85'000 in December, worse than forecast

News screened by gw:

CH: Dec 17, 09


US: Dec 21, 09

US: Dec 23, 09

US: Dec 16, 09

EU: Dec 10, 09


UK: Dec 9, 09

GR: Dec 8, 09


US: Dec 7, 09

DU: Nov 27, 09

UK: Nov 17, 09

US: Nov 6, 09

UK: Nov 3, 09

US: Oct 29, 09

UK: Oct 24, 09

US: Oct 23, 09

US: Oct 22, 09

US: Sep 15, 09

US: Sep 9, 09

US: Sep 4, 09

US: Aug 26, 09

US: Aug 25, 09

US: Aug 21, 09

US: Aug 8, 09

US: Aug 5, 09

US: Aug 2, 09


US: July 24, 09

US: July 24, 09

US: July 7, 09

US: Jun 15, 09

US: Jun 09, 09


US: Jun 2, 09

US: Jun 1, 09


UK: May 21, 09

US: May 4, 09

US: Apr 30, 09


US: Apr 29, 09


US: Apr 26, 09


US: Apr 24, 09

US: Apr 22, 09

CH: Apr 15, 09


US: Apr 9, 09

US: Mar 26, 09

US: Mar 21, 09

US: Mar 18, 09

US: Mar 17, 09

US: Mar 10, 09


US: Mar 7, 09

US: Mar 6, 09

US: Mar 2, 09

US: Mar 2, 09

US: Feb 23, 09

US: Feb 19, 09


US: Feb 18, 09

US: Feb 17, 09

US: Feb 11, 09

CH: Feb 10, 09


US: Jan 28, 09

CN: Jan 22, 09


GB: Jan 20, 09

US: Jan 19, 09

US: Jan 18, 09


US: Jan 17, 09

US: Jan 15, 09


IN: Jan 10, 09

GB: Jan 9, 09

DE: Jan 8, 09

DE: Jan 7, 09

Citigroup and Wells Fargo repay USD 45 bn in TARP money
http://www.usatoday.com/money/industries/banking/2009-12-23-
wells-fargo-tarp_N.htm?loc=interstitialskip

US serious mortgage delinquencies up 20 percent in Q3
http://www.reuters.com/article/idUSTRE5BK2FR20091221
Swiss to freeze tax deal with French over HSBC data breach
http://uk.reuters.com/article/idUKLDE5BF1Q120091216
SEC asks transparency on managers' compensation packages
http://www.reuters.com/article/idUSTRE5BF3MH20091216
France and Germany back UK's bonus tax
http://www.guardian.co.uk/business/2009/dec/10/france-germany
-back-uk-bonus-tax

British government to impose 50 percent tax on bank bonuses
http://uk.reuters.com/article/idUKGEE5B22D320091209
Greece put on standby by S&P for debt downgrade to B
http://www.telegraph.co.uk/finance/financetopics/financialcrisis/6755179/
Greece-put-on-standby-for-debt-downgrade.html

Full USD 700 bn TARP bailout fund no longer needed
http://www.reuters.com/article/idUSTRE5B60MS20091207
Dubai defaults on USD 60bn debt payments
http://www.usatoday.com/money/markets/us/2009-11-27-stocks-friday_N.htm
Inflation in the UK spiked up in October to 1.5 percent y-o-y
http://uk.reuters.com/article/idUKONS00460120091117
US jobless rate surges to 10.2 percent
http://www.reuters.com/article/newsOne/idUSN0243717320091106
UK government gives more bailout to largest banks
http://uk.reuters.com/article/idUKTRE5A206520091103
US economy booms, while labor market still lags
http://www.reuters.com/article/GCA-Economy/idUSTRE59S1EF20091029
Britain's economy still contracting in longest recession ever
http://www.bloomberg.com/apps/news?pid=20601068&sid=aA4yuANivXCQ
US Pay Czar slashes pay at bailed-out firms
http://www.reuters.com/article/ousivMolt/idUSN221214720091022
Beige Book sees modest improvements of the US economy
http://www.bloomberg.com/apps/news?pid=20601068&sid=aCmXMT_Rt5yk
US retail sales surge by 2.7 percent in August.
http://www.reuters.com/article/ousivMolt/idUSN1554831920090915
US household borrowing plunges by USD 21.6 bn
http://www.bloomberg.com/apps/news?pid=20601068&sid=avvF5aNtrCfc
US unemployment rate hits 9.7 percent
http://www.usatoday.com/money/economy/2009-09-04-jobs-august_N.htm
Bernanke renominated as Fed Chief
http://www.reuters.com/article/topNews/idUSTRE57O0P220090825
US national debt to double over the next ten years
http://www.reuters.com/article/GCA-Economy/idUSTRE57M0WV20090825
to Pace of US home sales fastest in 2 years
http://www.reuters.com/article/newsOne/idUSTRE57K2NV20090821
US Jobless rate eases to 9.4 from 9.5 percent
http://www.reuters.com/article/smallBusinessNews/idUSTRE5762GN20090807
US Personal income falls 1.3 percent in June, most in 4 years
http://www.bloomberg.com/apps/news?pid=20601068&sid=as6BdHuR9JUU
US government strikes deal with UBS
http://www.guardian.co.uk/business/2009/jul/31/ubs-tax-avoid
ance-us-switzerland

Oil price rises above USD 68 on global economic optimism
http://www.reuters.com/article/hotStocksNews/idUSTRE55L17H20090724
UK Q2 GDP data of -0.8 percent "is sizeable recession indeed"
http://www.bloomberg.com/apps/news?pid=20601068&sid=aK1ZrKAZP.60l
US delinquencies on credit rises from 5.52 to 6.6% in Q1
http://www.reuters.com/article/newsOne/idUSTRE56638720090707
US credit card default rate rises to record highs in May
http://www.reuters.com/article/newsOne/idUSTRE55E5GQ20090615
Foreclosure crisis spreads to prime mortgages
http://www.usatoday.com/money/economy/housing/2009-06-08-
home-loan-foreclosures-subprime_N.htm

US business bankrupcy filings rose 40 percent in May
http://www.reuters.com/article/smallBusinessNews/idUSTRE5516WN20090602
General Motors files for Chapter 11
http://www.telegraph.co.uk/finance/newsbysector/transport/general-motors/
5421879/GM-files-for-Chapter-11-bankruptcy-protection.html

S&P UK credit rating lowered to "negative", may loose AAA
http://www.bloomberg.com/apps/news?pid=20601087&sid=aRQlHPOD4k84
The S&P Index rallies, now in positive for 2009
http://www.reuters.com/article/hotStocksNews/idUSTRE53J1T120090504
The US economy shrank more than expected in Q1 (6.1%)
http://www.bloomberg.com/apps/news?pid=20601068&sid=a
6WLEZ20yerY&refer=home

US consumer confidence rises most since 2005
http://www.bloomberg.com/apps/news?pid=20601068&sid=ajMQSmgK
P7AY&refer=home

Wall Street to distribute record bonuses this year
http://www.nytimes.com/2009/04/26/business/26pay.html?_
r=1&ref=global-home

Housing market in the US seems to stabilize
http://www.reuters.com/article/newsOne/idUSN2441697520090424
IMF predicts worst global economic contraction since WWII
http://www.reuters.com/article/newsOne/idUSTRE53L32C20090422
UBS continues to report losses in earnings, customers
http://www.telegraph.co.uk/finance/newsbysector/banksandfinance/5157
024/UBS-to-slash-7500-more-jobs.html

Wells Fargo reports record net income in Q1
http://www.reuters.com/article/ousiv/idUSTRE5382Q820090409
US Home sales, durable goods rebound in February
http://www.reuters.com/article/ousiv/idUSN2541536220090325
Bonus payments of AIG employees higher than previously disclosed
http://www.usatoday.com/money/industries/health/2009-03-21-aig-bonuses_N.htm
FED steps up treasury buying to USD 1 trillion
http://www.iht.com/articles/2009/03/18/business/fed.php
US Congress works on legislation to surtax bonuses
http://www.reuters.com/article/newsOne/idUSTRE52G4VH20090317
Troubled Citigroup says it is having its best quarter since 2007
http://www.bloomberg.com/apps/news?pid=20601087&sid=avjYcESZ4
uqs&refer=worldwide

British government nationalizes Lloyd's bank raising stake up to 77%
http://uk.reuters.com/article/UKNews1/idUKTRE5256AV20090307
US unemployment rate soars to 8.1 percent, highest since 1983
http://www.iht.com/articles/2009/03/06/business/jobs.php
AIG bleeds USD 465K/minute, treasury to give USD 30 bln more
http://www.reuters.com/article/ousiv/idUSN0134457520090302
Personal savings rate surge 5 percent, highest since 1995
http://www.usatoday.com/money/economy/2009-03-02-personal-spending_N.htm
AIG needs another USD 60 bln to cover fourth quarter losses
http://www.reuters.com/article/ousiv/idUSTRE51M6LT20090223
US builds on UBS weakness, now demands names of 52 K customers
http://www.usatoday.com/money/industries/brokerage/2009-02-18-ubs-
settles-sec-charges_N.htm

UBS breaches Swiss Bank Secrecy under US pressure
http://www.iht.com/articles/ap/2009/02/18/america/UBS-Secrets.php
Standford Financial accused of massive USD 8 bn in CD fraud
http://www.reuters.com/article/ousiv/idUSN1737429520090217
Geithner's bank rescue plan received with skepticism
http://www.reuters.com/article/newsOne/idUSTRE5160AM20090210
UBS books biggest loss in Swiss corporate history
http://www.reuters.com/article/newsOne/idUSTRE51918R20090210?pageNumbe
r=1&virtualBrandChannel=0

Wall St bonuses in 2008 still sixth-largest on record
http://www.reuters.com/article/domesticNews/idUSTRE50R36120090128
China's economic machine slowing down fast to 6.8 percent
http://www.bloomberg.com/apps/news?pid=20601068&sid=aEH.W349kSsw&refer
=home

Britain launches second bank rescue-plan
http://uk.reuters.com/article/businessNews/idUKTRE50I07K20090119
Royal Bank of Scotland posts record USD 41 bn loss for 2008
http://www.reuters.com/article/newsOne/idUSTRE50I06320090119
More money managers lose their clients' fortune in ponzi schemes
http://www.reuters.com/article/domesticNews/idUSTRE50G0JZ20090117
http://www.nytimes.com/2009/01/13/us/13plane.html?hp
US inflation rate in 2008 increased at the slowest pace since 1954
http://www.reuters.com/article/ousiv/idUSTRE50D3GM20090116
Fed's balance sheet doubled to USD 2 trl, signals inflation
http://www.marketwatch.com/news/story/fault-lines-emerge-fed/story.aspx?guid
=F11875CE-A72F-4DFE-86ED-07A420EBB1CF&dist=SecMostCommented

Satyam's USD 1 bln fraud raises questions on accounting standards
http://www.nytimes.com/2009/01/08/business/worldbusiness/08satyam.html
Bank of England drops interest rates to lowest since 1694
http://news.bbc.co.uk/2/hi/business/7817453.stm
A failed auction in Germany signals a short-lived deflationary phase
http://www.ft.com/cms/s/0/16c7ceba-dcbe-11dd-a2a9-000077b07658.html
German billionaire Adolf Merckle commits suicide
http://www.reuters.com/article/newsOne/idUSTRE5055O820090106


News screened by gw:

US: Dec 31, 08

US: Dec 24, 08

US: Dec 20, 08

US: Dec 19, 08

US: Dec 16, 08

US: Dec 14, 08

US: Dec 13, 08


US: Dec 9, 08

US: Dec 8, 08

US: Dec 4, 08


US: Dec 3, 08

US: Dec 2, 08

US: Nov 25, 08

US: Nov 24, 08

US: Nov 23, 08

US: Nov 17, 08

CH: Nov 16, 08

US: Nov 12, 08

US: Nov 10, 08


US: Nov 5, 08

US: Nov 4, 08


US: Nov 3, 08

US: Nov 2, 08

US: Oct 28, 08


WD: Oct 27, 08


WD: Oct 24, 08

US: Oct 23, 08


CH: Oct 16, 08


GB: Oct 10, 08

IS: Oct 9, 08

GB: Oct 8, 08

US: Oct 8, 08


IS: Oct 7, 08

US: Oct 6, 08

WD: Sep 29, 08

US: Sep 29, 08

US: Sep 19, 08

US: Sep 17, 08

US: Sep 14, 08

Fed to buy USD 500 billion in MBS by mid-2009
http://www.reuters.com/article/ousiv/idUSTRE4BT55Y20081230
Access's cofounder Villehuchet commits suicide in Madoff's scandal
http://uk.reuters.com/article/topNews/idUKN2354355520081224
Bush grants USD 17.4 bln from TARP to carmakers despite Senat
http://www.reuters.com/article/ousiv/idUSSP15512620081219
Low-income families hunger as they look for food aid
http://www.usatoday.com/news/nation/2008-12-18-hunger_N.htm
Fed drops key interest rates to lowest ever
http://www.reuters.com/article/ousiv/idUSN1550484520081216
Madoff's USD 50 billion Ponzi scheme rocks hedge-fund industry
http://www.reuters.com/article/newsOne/idUSN1244467220081213
Economists worry homeowners purposely miss mortgage payments
http://www.usatoday.com/money/perfi/housing/2008-12-09-homeowners-late-
mortgage_N.htm

Problematic homeowners defaulting again after federal assistance
http://www.reuters.com/article/domesticNews/idUSN0847256620081208
Tribune files for Chapter 11 with 12 billion outstanding debt
http://www.reuters.com/article/newsOne/idUSTRE4B62A620081208
US mortgage applications surge on low interest rates
http://www.usatoday.com/money/economy/housing/2008-12-03-mortgage-appli
cations_N.htm

AIG forced to liquidate as interest payments eat up capital
http://www.reuters.com/article/innovationNews/idUSTRE4AP0Z620081202
November car sales drop as much as 35 percent year-over-year
http://www.reuters.com/article/ousiv/idUSWNAB889220081202
Government to spend more, budgetary cuts needed
http://www.reuters.com/article/newsOne/idUSTRE4AM1QC20081125
US Treasury bails out citigroup with USD 20 billion
http://www.reuters.com/article/newsOne/idUSTRE4AJ45G20081124
APEC leaders ban protectionist measures
http://www.usatoday.com/news/world/2008-11-22-apec-summit_N.htm
Citigroup cuts 75K jobs or 20 percent of its workforce in a single year
http://www.reuters.com/article/ousiv/idUSTRE4AG35320081117
UBS agrees to change pay model and link compensation to results
http://uk.reuters.com/article/businessNews/idUKTRE4AG3ZL20081117
Shares of General Motors plummet to 65-year low
http://www.reuters.com/article/newsOne/idUSTRE4A82UZ20081111
US government's stake in AIG now more than USD 150 billion
http://www.usatoday.com/money/industries/insurance/2008-11-09-aig-bailout_
N.htm?loc=interstitialskip

Consumers file for bankrupcy: 40 percent jump in October yoy
http://www.usatoday.com/money/perfi/2008-11-04-bankruptcies_N.htm
US car-industry: on the verge of collapse
http://www.guardian.co.uk/business/2008/nov/02/ford-general-motors-
chrysler-industry

Average hedge fund performance is minus 19 percent over the year
http://www.reuters.com/article/newsOne/idUSTRE4A305H20081104
One in five US homeowners have negative equity
http://www.reuters.com/article/domesticNews/idUSTRE49S3Q520081031
IMF intervenes to rescue Ukraine and others from bankrupcy
http://www.independent.co.uk/news/business/news/imf-offers-to-
bail-out-ukraine-with-165bn-loan-974539.html

US Bailout plan will buy stakes in major banks as soon as this week
http://www.afp.com/english/news/stories/newsmlmmd.c291f460af604db0c9b9e1d
917b44212.71.html

Asian and European indices tumble again on recession fears
http://uk.reuters.com/article/UKNews1/idUKTRE4961YE20081024
AIG needs more cash, yet again
http://www.reuters.com/article/businessNews/idUSTRE49M8I720081023?feed
Type=RSS&feedName=businessNews

Swiss government to buy USD 50 billion worth of UBS toxic assests
http://www.nytimes.com/2008/10/17/business/worldbusiness/17swiss.html?adxnnl
=1&partner=rssnyt&emc=rss&adxnnlx=1224874187-wwQ+a8ItuQtnmCoYJcNrdw

Credit crunch leads to London's stock crash
http://www.guardian.co.uk/business/2008/oct/10/marketturmoil-creditcrunch
Island close to bankrupcy
http://www.iht.com/articles/2008/10/09/business/icebank.php
Gordon Brown announces ambitious bailout plan
http://www.nytimes.com/2008/10/09/business/worldbusiness/09britain.html?em
AIG gets extra USD 37.8 billion cash infusion from the Fed
http://www.nytimes.com/2008/10/09/business/economy/09insure.html?_r=
2&partner=rssnyt&emc=rss&oref=slogin&oref=slogin

Island government seizes country's last big bank
http://www.guardian.co.uk/business/2008/oct/07/iceland.banking
Dow Jones falls below 10'000, first time since 2004
http://www.reuters.com/article/hotStocksNews/idUSTRE4952D220081006
Global stocks crash on blackest day since 1987
http://www.nytimes.com/2008/09/30/business/30markets.html?em
US Congress rejects bailout plan
http://www.timesonline.co.uk/tol/news/world/us_and_americas/article4848747.ece
USD 700 billion bailout plan proposed to Congress
http://www.huffingtonpost.com/2008/09/20/bush-asking-for-700-billi_n_127926.html
Fed rescues AIG with USD 85 billion package
http://money.cnn.com//2008/09/16/news/companies/AIG/index.htm?cnn=yes
Lehman Brothers goes bust, Merrill is sold to Bank of America
http://www.nytimes.com/2008/09/15/business/15lehman.html


globwatch.com

Clint Eastwood receives GW Award 2013

18. of April 2013


Jerry Lee is honored to award this man of sound social and economic stances the GW prize 2013. Copyrights Dreamtime.

US housing market recovers

5. of April 2013


US home sales jump in final quarter of 2012. Prospects good for 2013.

US Congress supports idea for 'drone courts'

9. of February 2013


Jerry Lee opposes 'Drone courts' idea. Will not substitute regular courts and guarantee people's rights.

Tactical Solutions to Global Problems

4. of February 2013


Consult gw's strategies to solve global issues here

Iraq VP Tariq al-Hashemi sentenced to death

9. of September 2012


Fugitive vice-president sentenced to death in absentia after found guilty of running death squads.

Baghdad not in control of Iraqi oil in Kurdistan

3. of August 2012


Kurdistan defies Baghdad on oil exports - furthers partitioning.

When civilians die, they call it 'Total War'

13. of March 2012


A fool Allied soldier kills 16 civilians in Kandahar villages - copyrights dreamstime.com

Double veto against the Opposition in Syria

6. of February 2012


Again, Eastern powers align with Jerry Lee's policies: no street-revolution! Pic. Vladimir Putin, PM of Russia - dreamstime.com

European Debt Crisis

18. of January 2012


Jerry Lee explains the phenomenon - and what needs to be done to avoid a cataclysm.

US Marines urinate on dead bodies

13. of January 2012


US Marines urination: 'deplorable' or 'Despicable'? Jerry Lee asks US Officials.

Speaking of Human Rights Violations...

25. of February 2011


Investigators say NATO killed 50 women and children in Afghan operation last week.

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