The Global Recession

News Stories (March 2010)
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Related Pages
Index

I have been keeping loose track of financial matters on the Terror War page, but with the 2008 Crash, there got to be too much finance intermixed there. Hopefully this page with related index and archive will be of short duration.

News Stories (March 2010)

2010/03/06: CBC: Canada to switch to plastic bills next year
2010/03/05: AlterNet: Wall Street Took Your House and Your Retirement, Now They're After Your Social Security
2010/03/06: BRitholtz: Employment Chart Roundup
2010/03/06: EconView: "The Dangers of Deficit Reduction" -- Joseph Stiglitz picks up where Jamie Galbraith left off
2010/03/06: NakedCapitalism: Satyajit Das: ‘Swap Tango’: A Derivative Regulation Dance
2010/03/06: CalcRisk: China Central Banker on Exchange Rate Policy
2010/03/05: NakedCapitalism: Edward Harrison: Complexity is the handmaiden of deception
2010/03/05: CalcRisk: Unofficial Problem Bank List at 641 Banks
2010/03/05: CalcRisk: Bank Failure #26: Centennial Bank, Ogden, Utah
2010/03/05: CalcRisk: Bank Failure #24 & #25: Illinois and Maryland
2010/03/05: CalcRisk: Bank Failure #23: Sun American Bank, Boca Raton, Florida
2010/03/04: TP:WR: Senate Signals Indifference To Volcker Rule: ‘It’s Just Not Helpful’
2010/03/05: DVoice: Barry C. Lynn’s Cornered: The New Monopoly Capitalism and the Economics of Destruction
2010/03/05: DVoice: IMF-style Austerity Comes to America -- What "Fiscal Responsibility" Means to You
2010/03/05: CBC: U.S. jobless rate holds at 9.7%
2010/03/05: AlterNet: Michael Moore: There's Going to Be a Second Economic Crash (and Glenn Beck Can 'F--k off')
2010/03/05: AlterNet: How Did A Bank Lobbyist Score The Top Bank Regulator Job?
2010/03/04: Reuters: U.S. lawmakers launch push to repeal NAFTA
2010/03/01: 538: Obama's No F.D.R. -- Nor Does He Have F.D.R.'s Majority
2010/03/05: BRitholtz: You Can Ignore Non Farm Payroll Day
2010/03/05: EconView: "In Defense of Deficits" -- Jamie Galbraith takes on "the deficit phobia of Wall Street"
2010/03/05: NakedCapitalism: A Simple Reform Proposal from a Recovering Derivatives Trader
2010/03/05: NakedCapitalism: Fed Regional Presidents Conduct Regulatory Land Grab Road Show
2010/03/05: CalcRisk: Diffusion Index and Temporary Help
2010/03/05: CalcRisk: Employment-Population Ratio, Part Time Workers, Unemployed over 26 Weeks
2010/03/05: CalcRisk: Employment Report: 36K Jobs Lost, 9.7% Unemployment Rate
2010/03/04: CalcRisk: Existing Home Pending Sales Index Declines 7.6%
2010/03/04: HuffPo: Systemic Denial by Lawrence Lessig
2010/03/03: DerSpiegel: Speculators Eye Next Prey -- How Safe Is Britain's Proud Pound?
2010/03/04: DerSpiegel: Euro-Zone Governments Want to Curb Power of Rating Agencies
2010/03/04: BBC: The European Central Bank (ECB) has kept the eurozone interest rate at its record low of 1% for the 10th month in a row, as expected
2010/03/04: BBC: Greece should consider selling some of its uninhabited islands to cut its debt, according to political allies of German Chancellor Angela Merkel
2010/03/04: BBC: The Bank of England has kept interest rates at a record low of 0.5% for the 12th consecutive month
2010/03/04: AlterNet: Obama Adopts Bush Plan to Hide Outsourced Job Data
2010/03/04: AlterNet: How the Monsters at Goldman Sachs Caused a Greek Tragedy
2010/03/04: BBerg: Germany Snubs Greek Aid Plea as Protest Snarls Athens Traffic
2010/03/03: BBerg: Consumer Agency Within Fed Seen as Victory for Banks
2010/03/01: MR: A Failed System -- The World Crisis of Capitalist Globalization and its Impact on China
2010/03/04: EconView: Adam Smith and the Role of Government -- Gavin Kennedy continues his battle to eradicate misconceptions about Adam Smith...
2010/03/04: EconView: "A New Age of Monopolies"
Monopoly power was a much bigger concern in the past than it is today. Why aren't people more concerned about this?
2010/03/04: NakedCapitalism: More Credit Card Company Chicanery: Ban on Universal Default Gutted
2010/03/04: NakedCapitalism: Can We Please Refrain From Consensus-Defending Narratives When the Consensus Was Wrong?
2010/03/04: CalcRisk: Weekly Initial Unemployment Claims decline to 469,000
2010/03/03: BRitholtz: Do-Nothing Fed Regulator = Huge Bank Victory
2010/03/03: NakedCapitalism: George Washington: No Wonder the Economy Isn’t Improving
2010/03/03: CalcRisk: ISM Non-Manufacturing Shows Expansion in February
2010/03/03: CalcRisk: Greece Cuts, Germany says "no aid", IMF Next?
2010/03/03: CalcRisk: States: Delinquent Mortgages vs. Unemployment Rate
2010/03/03: CBC: [Canadian] Bankruptcies up 25% in 2009
Bankruptcy filings increased by more than 25 per cent in 2009, official data revealed Wednesday. In the 12-month period up to Dec. 31, 2009, there were 121,801 bankruptcies across the country, well above the 96,774 filed during the same period last year, the Office of the Superintendent of Bankruptcy Canada said. On top of the bankruptcy filings, there were also 36,640 proposals to creditors, a 38.5 per cent increase over last year. A proposal to creditors is an official plan to repay a debt on less onerous terms than the original loan, but an alternative to a formal bankruptcy filing. There were far more consumer bankruptcies than business filings in 2009, the agency said. There were 116,381 consumer filings, up 28.4 per cent on the year, compared with only 5,420 business filings, which decreased by 12.1 per cent.
2010/03/03: AlterNet: Why Every Aspect of Dems' Handling of Wall St. Overhaul Seems Headed for Disaster
2010/03/02: AlterNet: Profiting From Recession, Payday Lenders Spend Big to Fight Regulation
2010/03/02: AlterNet: Sen. Jim Bunning Wreaks Havoc on the Unemployed -- And His Own Republican Party
2010/03/03: AlterNet: Dems Repeat Their Failed Health Care Strategy and Preemptively Surrender on Plan to Protect Consumers
2010/03/02: NYT: In Tracking Recovery, Jagged Lines -- Could the economy be at risk of a double dip?
2010/03/03: BRitholtz: Why a Consumer Protection Agency Is Necessary
2010/03/03: EconView: "The Net Fiscal Expenditure Stimulus in the US 2008-2009"
2010/03/03: NakedCapitalism: Rethinking Monetary Policy in the Light of Asset Bubbles
2010/03/03: CalcRisk: ADP: Private Employment Decreased 20,000 in February
2010/03/02: BRitholtz: Geithner, Summers Lead FOMC Vacancy Search
2010/03/02: CalcRisk: U.S. Light Vehicle Sales 10.4 Million SAAR in February
2010/03/02: CalcRisk: General Motors: February Sales increase 12% compared to Feb 2009
2010/03/02: CalcRisk: ABI: Personal Bankruptcy Filings Up 14% from February 2009
2010/03/02: CalcRisk: Census 2010: Impact on Employment
2010/03/02: CalcRisk: New Credit Suisse ARM Recast Chart
2010/03/01: Guardian(UK): The economic forecast is simple: the next 10 years are going to be a DRAG (deficit reduction and anaemic growth)
2010/03/02: BBC: Euro drops to lowest in 10 months
The euro has fallen to its lowest level against the dollar for 10 months amid continuing concerns over Greece's debt crisis. Persistent worries over its 300bn- euro ($419bn; Ł259bn) debt has weighed on the European single currency. The euro traded at $1.3436 in late morning, its lowest since May 2009.
2010/03/02: BBC: Australia interest rates up to 4% -- Australia's central bank has raised interest rates, for the fourth time since October, as it seeks to cool its growing economy
2010/03/02: WaPo: Board openings give Obama a rare chance to remake the Federal Reserve
The No. 2 official on the Federal Reserve Board said Monday that he will retire, opening a third seat on what may be the world's most powerful economic body and giving President Obama a historic opportunity to reshape the central bank. Fed Vice Chairman Donald L. Kohn announced his plans to step down in June as one of seven Fed governors who help to set U.S. monetary policy and oversee financial-system regulation. Two others already have been appointed by Obama, meaning that soon, five seats -- including the chairman's -- will have been filled by him.
2010/03/01: Time:Swampland: This Is Getting Good
2010/03/02: EconView: The "Threat of an Arrogant Laboring Class, ...a Threat to the Foundation not Merely of Wealth but of Existence Itself"
2010/03/02: NakedCapitalism: Banksters Win Yet Again: Dodd Proposes Putting Consumer Protection Agency at the Fed
2010/03/02: NakedCapitalism: George Washington: 15 Years Ago, the Combined Assets of the 6 Biggest Banks Totaled 17% of GDP... By 2006, 55% ... Now, 63%
2010/03/02: NakedCapitalism: [Willem] Buiter: Pound at Risk
2010/03/01: NakedCapitalism: Edward Harrison: Conflicting Media Reports: Is Greece Getting a Bailout of Not?
2010/03/01: CalcRisk: ISM and Manufacturing Employment
2010/03/01: Guardian(UK): Capital controls back in IMF toolkit
The IMF has changed its mind and realised Keynes's capital controls are a good thing. It's time to practise what they preach
2010/03/01: uComics: (cartoon - Toles) It's Hard To Understand...
2010/03/01: BBC: Greece has to do more to reduce its budget deficit, the visiting European Union (EU) Commissioner for Economic and Monetary Affairs [Olli Rehn] has said
2010/03/01: CBC: Economy expanded at 5% [annualized, 1.2% real] pace in Q4 -- Full-year 2009 GDP sank 2.6%
2010/03/01: CBC: EU pushes Greece for more cuts -- Report says bailout coming this week
2010/03/01: BRitholtz: February By The Numbers
2010/03/01: EconView: Paul Krugman: Financial Reform Endgame
With market fundamentalism, bank lobbyists, and just say no-ism standing in the way, is there any chance at all that we'll get effective financial reform? If not, will the watered-down, compromise reform bill that is likely to emerge from Congress even be worth supporting?
2010/03/01: NakedCapitalism: So Why Hasn’t the Credit Default Swaps Casino Been Shut Down?
2010/03/01: NakedCapitalism: Why No Regulatory Action on Banksters’ "Destabilize the Markets" Threats?
2010/03/01: CalcRisk: ISM Manufacturing Index Shows Expansion in February
2010/03/01: CalcRisk: Construction Spending Declines in January

Last modified March 6, 2010