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Commercial foreclosures in county jumped in `08 The 2008 figures spotlight troubles in an industry hurt by the weak economy. If the trend continues, government revenue from property taxes could decrease. Startribune.comRio Tinto in £6bn talks with China (Times Online) RIO TINTO, the global mining combine, is in talks to raise up to $9 billion ($£6.1 billion) from Chinalco, the state-owned Chinese aluminium giant.Source : Times Online (subscribe)Explore : China, economy, Mining, Rio Tinto, Rio Tinto WikioWhistling past the graveyard - Jamaica Gleaner This past week brought devastating news for the Jamaican economy. The early signal came on Monday from afar. On that single day some 52,000 job cuts were announced by United States (US) corporations. Those to be laid off are the people who visit ... Feed DigestWhy We Need Stronger Unions, and How to Get Them Why is this recession so deep, and what can be done to reverse it? Hint: Go back about 50 years, when america's middle class was expanding and the economy was soaring. TopixFord posts $14.6B loss in 2008, but won`t seek aid Dearborn, Mich. » After the worst annual loss in its 105-year history, Ford Motor Co. still doesn't plan to seek government aid, but it's borrowing more money and hinting at further restructuring to brace for a tough 2009 and any surprises from the unpredictable economy. The Salt Lake TribunePension top-up spent overseas UP TO $81 million of the Rudd Government Christmas bonus to pensioners - designed to strengthen the Australian economy - has gone to people living overseas. NewsUnsold Goods Piling Up As U.S. Spending Contracts - Crooks Liars We're : The economy shrank at an accelerating pace late last year, the government reported on Friday, adding to the urgency of a stimulus package capable of bringing the country back from a recession that has only deepened since then. The actual decline in the gross domestic product - at a 3.8 percent annual rate - fell short of the 5 to 6 percent that most economists had expected for the fourth quarter. But that was because consumption collapsed so quickly that goods piled up in inventory, unsold but counted as part of the nation's output. "The drop in spending was so fast, so rapid, that production could not be cut fast enough," said Nigel Gault, chief domestic economist at HIS Global Insight. "That is happening now, and the contraction ... NewsRackStocks fall in morning trading U.S. stocks retreated as declines in commodity producers and consumer companies overpowered an early advance spurred by a smaller-than-estimated contraction in the economy. topix.netCutting corners, making ends meet Taxi driver. Small business owner. Hairdresser. Cashier. Meet the people of Rhode Island and hear their stories. The economy hurts, but they are coping. CNNSouth Korean exports shrink at record pace in January - International Herald Tribune: Business The country's dismal figures for January provided a fresh sign of how the deepening global recession is dragging down the Asian economy faster than expected. NewsRack1 2 3 4 |
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