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2.7 million may lose jobs in Japan

The Japanese economy will contract by 3.8 per cent in fiscal 2009 from the previous year, which may cause 2.7 million job losses in the yearlong period to December, former Bank of Japan Deputy Gov. Toshiro Muto said Wednesday in Tokyo. read more »
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European Inflation Rate Falls, Unemployment Increases

Europe’s inflation rate fell more than economists forecast to the lowest since the year the euro was introduced and unemployment rose for a fifth month, giving the European Central Bank more scope to cut interest rates further. read more »
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Australians Plan To Cut Spending In H1

Australians plan to cut their discretionary spending by an average 21% in the first six months of the year, a new survey of consumers' shopping intentions conducted by the Australian National Retailers Association or ANRA showed Wednesday. read more »
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Bank of Canada sees 4.8 pct contraction in Q1

The Canadian economy will contract by an exceptionally sharp 4.8 percent in the first quarter of this year and continue to shrink through mid-year, b[...] read more »
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Japan's central bank keeps key rate unchanged

Japan's central bank kept its already super-low interest rate on hold Thursday but sharply downgraded its outlook for the world's second-largest ec[...] read more »
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U.K. Pound Falls as King Signals New Steps to Revive Economy

The pound fell to a record low against the yen for a second day and the weakest since 2001 versus the dollar after the Bank of England said it may st[...] read more »
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Bank of Canada Cuts Overnight Rate 50 bps to Record-Low 1.00%

Citing worsening economic conditions at home and abroad, the Bank of Canada sliced its key lending rate to a record low 1.00% Tuesday and held out th[...] read more »
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Internet Marketer Pledges 40% of His Income to Save Families from Foreclosure

Here's an internet marketer that's taking matters into his own hands. Instead of waiting for the government, he's going to donate 40% of his inco[...] read more »
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Economic Stimulus: Why I Think Tax Cuts Are a Bad Idea

I really don't think that tax cuts are going to be that effective -- especially not in the way that they are being approached. Plus, what happens do[...] read more »
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Democrats Demand $100 B of TARF Money to go to Foreclosure Aid - Republicans Say Money Stays Put

Democrats and Republicans have opposing views on whether to release the remaining $350 billion of the Troubled Asset Relief Program (TARP) allocated [...] read more »
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Australia's unemployment rate hits 4.5pc

AUSTRALIA'S unemployment rate hit 4.5 per cent in December, with nearly 44,000 full time jobs lost over the month. read more »
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Fed: Economy starts `09 on weaker footing; outlook dim

The U.S. economy started the new year on weaker footing as recession-shocked Americans retrenched further, forcing retailers to ring up fewer sales a[...] read more »
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Dollar Weakens Versus Euro on Speculation Retail Sales Declined

The dollar declined from a five-week high against the euro on speculation reports this week will show U.S. retail sales and manufacturing weakened as[...] read more »
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Mortgage Express to waive ALL Early Repayment Charges!

Mortgage Express are set to waive ALL Early Repayment Charges on Residential and Buy to Let mortgages between February and June 2009 - save money now[...] read more »
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SWAP rates and LIBOR rates on the move in 2009

See how SWAP rates and LIBOR rates effect you in the mortgage markets and how they are the key to better times ahead for us all. read more »
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