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Related Debt News for our Meyers Chuck AK visitors
Reuters - Planned layoffs at U.S. firms eased in December from the previous month's seven-year high but they were up an astounding 275 percent annually as the year-old recession cut a huge swathe of destruction through job market.
AP - The deepening economic crisis made its first impact on Germany's labor market last month, helping push up the unemployment rate in Europe's biggest economy to 7.4 percent, official figures showed Wednesday.
AFP - The dollar fell Wednesday on profit-taking after gaining in Asian deals on optimism about US president-elect Barack Obama's economic stimulus plans, dealers said.
AP - Asia should tap its $4 trillion in currency reserves to avoid a significant economic downturn through public spending to bolster consumer demand, a U.N. economic adviser said Wednesday.
AFP - Europe's main stock markets sank on Wednesday as investors banked profits from gains made since the start of 2009, and digested a bleak outlook on the American economy from the US Federal Reserve.
Reuters - Vacancies at regional malls in the United States rose in the fourth quarter to their highest levels of the decade, according to data released on Wednesday by real estate research firm Reis Inc.
Reuters - Germany posted its first rise in unemployment in almost three years on Wednesday, a day after the global economic downturn forced U.S. aluminum giant Alcoa to announce 15,000 job cuts and slash output.
Reuters - Alcoa Inc , which is cutting aluminum production and jobs in the face of the global economic downturn, plans measures in Russia that will affect 18 percent of its workforce in the country, the company said on Wednesday.
Reuters - Average rents for U.S. apartments fell in the fourth quarter, as a sharp economic downturn and rising unemployment left Americans unwilling to pay higher prices, according to data released on Wednesday.
Reuters - General Motors Corp has adequate government loans pledged to cover the worst-case scenario it outlined in December to Congress and will not need more unless the economy worsens, a Bloomberg report said.
Reuters - Politicians want American consumers to resume spending to pull the economy out of its tailspin, and the U.S. government is leading by example with a potential $1 trillion deficit in 2009 -- even before a massive stimulus plan.
AFP - President-elect Barack Obama's plan to haul the US economy out of recession entails a hefty expansion of the federal government -- a prospect that has conservative critics aghast.
Reuters - Republican California Governor Arnold Schwarzenegger has vetoed a budget plan pressed by Democrats who control the state legislature, an aide said on Tuesday evening.
AP - Discount clothing chain Goody's Family Clothing will begin liquidating its stores on Friday as the retailer becomes one of the year's first victims of the worsening economy.
Investor's Business Daily - The U.S. economy ended the year in a steep decline with housing, service sector and factory activity all contracting, reports showed Tuesday, as the Federal Reserve signaled the year-old recession could persist well into 2009.
Reuters - Alcoa Inc said on Tuesday it would slash more than 15,000 jobs, halve capital spending and sell four businesses as it reduces aluminum production in the face of the global economic downturn.
Reuters - The slumping U.S. housing, factory and service sectors produced more misery for the world's largest economy in the last two months of 2008 as the year-old recession looked set to drag on into 2009, data showed on Tuesday.
AP - Clues about where Federal Reserve officials see the economy heading — or how they can better battle the worst financial crisis since the 1930s — can be uncovered in documents released a few weeks after their closed-door meetings.
Reuters - California has nearly $44 billion in infrastructure projects ready to start and capable of creating nearly 800,000 jobs, Gov. Arnold Schwarzenegger told President-elect Barack Obama in a letter on Tuesday in which he urged a "substantial federal stimulus program."
AFP - US aluminum giant Alcoa said Tuesday it would slash some 13,500 jobs or 13 percent or its global workforce and reduce output to cope with the global economic downturn.
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Getting home equity bad credit loans are very popular lately. In many cases a person with debt problems may be tempted to...
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