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Government to guarantee most loans to small firms The government plans to guarantee up to 80 percent of loans to small businesses to try to stimulate the economy and help employers cope with the recession, the Guardian reported on Saturday. tiscali.co.ukSmall business woes have big impact on economy It may be the final days of business for the Scandia Bake Shop. After almost 60 years of serving treats like julekake and Oslo rye bread, the Minneapolis store is worried it may have to shut its doors within the week, felled by shrinking sales, rising flour... San Francisco ChronicleObama campaign pledges postponed, calls for sacrifice: report (AFP) Incoming US president Barack Obama will ask all Americans for sacrifice to fix the troubled economy, and will have to scale back promises he made during his campaign, according to an ABC interview to be aired Sunday. yahoo.comMachinery & Industrials As foreign economies deal with weaker exports to the U.S and Europe, industrial customers are cutting back on capital spending. We cite Freeport McMoRan. TelegraphAn Uncertain Outlook For High School Students The price tag for college looks pretty daunting in the best of times. But with the economy struggling, those bills look out of reach for a lot of prospective students. As part of our series 'Faces of the New economy,' host Rebecca Roberts visits with a group of juniors and seniors at Fairfax High School in Northern Virginia — and finds many who are downgrading their college dreams. NPRStaggering US job losses to speed economic rescue efforts (AFP) Another month of staggering job losses at the end of the worst year for employment since 1945 heightens the urgency for a massive stimulus effort to jolt the US economy out of recession, analysts say. yahoo.comA Careful Buyer At The Electronics Show There's a different vibe at this year's Consumer Electronics Show, the annual industry showcase that wraps up Sunday in Las Vegas. There's a bit less glitz and a lot fewer customers than in previous years. Tony Kennedy, a retail buyer, is trying to choose which gadgets will sell even with the economy in the tank. TelegraphMetadata: Chambers Friends Government In an about face, the Cisco CEO says government can help spur business and the economy. Forbes.comSaudi stocks lose 3% (AFP) Saudi stocks fell three percent on Saturday as the slowing economy in the oil superpower and global economic stress continued to dampen investor sentiment. yahoo.comUK slump `is worst for 28 years` The UK economy declined 1.5% in the last three months of 2008, its worst performance in 28 years, a study reports. BBC1 2 3 |
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