Tuesday, March 31, 2009

Global Slump Seen Deepening
New Forecasts of Contraction, Trade Drop Cause Worry on the Eve of G-20 Summit
U.S. Economy: Consumer Confidence Hovers Near a Record Low
U.S. business activity contracted in March for a sixth consecutive month, reaching the lowest level in almost three decades
With bailouts, the budget deficit is exploding.
OECD predicts 10% jobless rate for 2010
Home Prices in 20 U.S. Cities Fell by a Record 19% in January
Banks Walking Away on Foreclosures
The OECD said it expects the U.S. economy to shrink by 4% this year, the euro-zone economy by 4.1%, and the Japanese economy by 6.6%.
U.S. Threatens Bankruptcy for GM, Chrysler
Marketers offer relief to consumers hit by job loss
Government says air travel will fall 7.8% this year as the weak economy clips the industry's wings.
Brawls Break Out Among Laid-Off Workers as Michigan Car Dealership Closes