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FTSE stronger as US bail-out hopes rise London equities shrugged off grim US jobs data as traders focused instead on US President Barack Obama's looming financial rescue plan, with the FTSE 100 closing up 1.5 per cent FT.comFed is unable to force mortgage rates down Home loan rates rose this week to the highest level since mid-December, according to mortgage giant Freddie Mac's latest national lender survey. The average rate on 30-year loans was 5.25 percent, up ... Big News NetworkUnemployment data hits oil price Oil prices have fallen by more than $1 a barrel as rising US unemployment leads to further fears of weakening demand among consumers. BBC NewsTrading Rising and Falling Wedgesmrswing.com U.S. jobless rate jumps to 16-year high The United States lost almost 600,000 jobs last month and the unemployment rate rose to 7.6 percent, its highest level in more than 16 years, the Labor Department said Friday. International Herald TribuneWall Street soars in `hope` rally US shares rose sharply despite the biggest monthly job losses since 1974 as traders turned bullish ahead of Obama's rescue plans. The AustralianJob losses mount; unemployment surges to 7.6% The unemployment rate rose to a 16-year high 7.6% in January as employers slashed a seasonally adjusted 598,000 jobs, the most ... USAtoday.comEurope`s stocks gain as economic hopes rise European equities rose after hope grew that the global economy might be bottoming out, with the FTSE Eurofirst 300 index rising 2 per cent to 826.37, taking its gains for the week to 3.4 per cent FT.comDesperation Economy As the nation's unemployment rate climbs—it jumped another four-tenths of a percent last month, when employers culled 598,000 jobs—some mental-health experts worry that we may see a corresponding rise in suicides. Anecdotal evidence of the problem has been around for months, from the suicide of French aristocrat and Madoff victim Rene-Thierry Magon de la Villehuchet to the murder-suicide committed by a laid-off man in Southern California. But experts have been split about whether suicides overall are really on the rise. Empirically, it's too early to tell, because national statistics for 2008 won't be available for another three years. But given the preliminary data and historical trends, health experts do fear that the recession's toxic mix of stressors—unemployment and home foreclosure—will be reflected in the nation's suicide rate. displayPromoModule ('{'moduleType':{'value' : 'featuresModule', 'index' : '1'},'mediaType1':{'value' : 'article', 'index' : '0' PortfolioOn the brink: The rise and (almost) fall of America`s banks - Salt Lake Tribune These days, you can roll up to an ATM at the grocery, the pharmacy, the gas station, the hardware store, the office, even the ballpark. You can check your Bank of america balance on your iPhone. NewsRack1 2 3 4 5 |
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