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Federal Reserve heavyweight Janet Yellen admits US is in recession

Posted by adrian67 1320 days ago, popular 1320 days ago (http://www.telegraph.co.uk)
Category: Economy
One of America's most prominent central bankers has confirmed possibly what has become the worst kept secret in global economics: that the US econom[...] read more »
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Financial crisis: Downturn shows we were too slow to fix world's debt addiction

Posted by adrian67 1320 days ago, popular 1320 days ago (http://www.telegraph.co.uk)
Category: Economy | Tags: crisis debt financial
Imagine a hospital where doctors try as hard as they can to ignore a patient’s symptoms. read more »
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Next Victim of Turmoil: Your Salary

Posted by adrian67 1321 days ago, popular 1321 days ago (http://www.nytimes.com)
Category: Economy | Tags: crisis economy salary
It is possible, for the first time in weeks, to imagine that the credit crisis may be about to ease. But one of the big lessons of the last year has [...] read more »
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Where has all the money gone?

Posted by adrian67 1321 days ago, popular 1321 days ago (http://news.bbc.co.uk)
Category: Economy | Tags: banks billions economist money
Billions of pounds have been wiped off property values and share prices are massively down, while the debt-laden banks are being bailed out. But wher[...] read more »
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Financial Crisis: What should I do with my money now inflation is so high?

Posted by adrian67 1321 days ago, popular 1321 days ago (http://www.telegraph.co.uk)
Category: Economy | Tags: crisis inflation money
Savers are suffering from negative real interest rates: the first time base rates have been below the rate of inflation since 1981 – the depths of th[...] read more »
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Why the Swiss economy is still as safe as – er – a Swiss bank

Posted by adrian67 1321 days ago, popular 1321 days ago (http://www.telegraph.co.uk)
Category: Economy
It’s hard not to feel humiliated when icons of national pride lose their lustre. That’s why governments cling on to flag-carrying airlines long after[...] read more »
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Barclays faces investment lawsuit

Posted by adrian67 1321 days ago, popular 1321 days ago (http://newsvote.bbc.co.uk)
Category: Personal Finance | Tags: bank barclays lawsuit
Barclays is being sued in a New York court over claims it moved loss-making investments from its own accounts to those held by outside investors. read more »
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Business warns of bail-out loopholes

Posted by adrian67 1321 days ago, popular 1321 days ago (http://www.ft.com)
Category: Economy | Tags: bail-out banks business
Business sounded the alarm on Tuesday about apparent assurances on lending in the banking bail-out, warning that banks could still “pull the wool ove[...] read more »
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Iceland 'working day and night'

Posted by adrian67 1321 days ago, popular 1321 days ago (http://news.bbc.co.uk)
Category: Economy
Iceland's government is working "day and night" to solve the country's financial crisis, Prime Minister Geir Haarde has told the BBC. read more »
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Recession fears hit Wall Street

Posted by adrian67 1321 days ago, popular 1321 days ago (http://news.bbc.co.uk)
Category: Economy | Tags: recession wall street
Fears the global economy may not be able to avoid a recession pushed US share prices lower, despite a $250bn government bank rescue plan. read more »
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Excel error leaves Barclays with more Lehman assets than it bargained for

Posted by adrian67 1321 days ago, popular 1321 days ago (http://www.computerworld.com)
Category: Tech
A reformatting error in an Excel spreadsheet has cropped up in the largest bankruptcy case in U.S. history, prompting a legal motion by Barclays Capi[...] read more »
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Germany 'on brink of recession'

Posted by adrian67 1321 days ago, popular 1321 days ago (http://news.bbc.co.uk)
Category: Economy
Germany's economy is on the brink of recession and will only expand by 0.2% in 2009, the country's leading economic think tanks have warned. read more »
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