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WPN  
Greece to seek IMF aid if EU deal fails
PRESSTV Thu, 18 Mar 2010 14:04:46 GMT
Greek Premier George Papandreou says Europe must help Athens solve its debt problems, dismissing calls for the expulsion of his cash-strapped country from the eurozone.
Europe's PIGS countries: Your stories
BBC Thu, 18 Mar 2010 10:00:54 GMT
The unflattering acronym PIGS has been coined for the eurozone's most financially troubled and debt-laden countries - Portugal, the Irish Republic, Greece and Spain. Here four people from those countries describe their experiences.
Government borrowing hits £12bn in February
GUARDIAN Thu, 18 Mar 2010 10:08:49 GMT
Cumulative total of £132bn for the first 11 months of the financial year fuels speculation that the chancellor will cut his full-year forecast of £178bn made last December
UK public borrowing rises again
BBC Thu, 18 Mar 2010 09:47:18 GMT
The UK government borrowed £12.4bn in February, less than economists had expected, official figures show.
Federal Reserve pledges to keep interest rates low
GUARDIAN Tue, 16 Mar 2010 18:38:49 GMT
FOMC reaffirms promise to keep rates low for an 'extended period' while it waits for clear evidence of upturn in US economy
US interest rates 'to stay low'
BBC Tue, 16 Mar 2010 18:43:02 GMT
The US Federal Reserve repeats its pledge to keep interest rates at "exceptionally low levels" to aid the recovery.
Eurozone puts bailout for Greece on hold
PRESSTV Tue, 16 Mar 2010 07:28:57 GMT
Europe's finance chiefs have once again failed to produce a detailed bailout plan for Greece, following weeks of crisis in the debt-ridden country.
Mortgage approvals fall by half
GUARDIAN Fri, 12 Mar 2010 11:05:00 GMT
Just 32,000 mortgages were approved in January compared to 62,800 in December, the CML said, as first-time buyers deserted the market
EU plans monetary fund for debt-hit members like Greece
PRESSTV Mon, 08 Mar 2010 07:30:30 GMT
The European Union and the block's biggest economy, Germany, plan to create a European monetary fund to help rescue debt-ridden countries such as Greece.
4 more US banks face closure
PRESSTV Sat, 06 Mar 2010 06:29:08 GMT
Four more banks have been shut down across the United States, bringing the number of bank failures in the country to 26 since January.
Bank keeps interest rates on hold
BBC Thu, 04 Mar 2010 12:00:21 GMT
The Bank of England has kept the cost of borrowing at a record low of 0.5% for the 12th consecutive month.
Iceland to vote on repaying 'debt'
ALJAZEERA Thu, 04 Mar 2010 06:54:53 GMT
Controversial $5.7bn compensation bill casts cloud of uncertainty over Iceland.
Are credit rating agencies worth the fees they command?
BBC Wed, 03 Mar 2010 15:20:57 GMT
Investors are fretting over the credit rating of countries like Greece and the UK - but can the ratings agencies really judge credit risk?
Greece announces new austerity plan
ALJAZEERA Wed, 03 Mar 2010 15:09:52 GMT
Pensioners protest as government confirms third round of cuts to tackle debt crisis.
Manchester United sees debts drop
BBC Tue, 02 Mar 2010 14:06:48 GMT
Manchester United reports that it managed to cut its huge debts by the end of last year.
Australian rates rise to 4%
BBC Tue, 02 Mar 2010 07:10:03 GMT
Australia's central bank raises interest rates, for the fourth time since October, as it seeks to cool its booming economy.
Greek PM warns of national bankruptcy
PRESSTV Fri, 26 Feb 2010 21:17:29 GMT
Greek officials say that the country is facing national bankruptcy as German banks reject reports that they may buy Athens' government bonds.
Greece 'not looking for bailout'
BBC Sun, 21 Feb 2010 10:07:09 GMT
Greek PM George Papandreou insists his country is not looking for a bailout from the EU to help it cut its debt levels effectively.
Greece 'not looking for bailout'
BBC Sun, 21 Feb 2010 08:39:25 GMT
Greek PM George Papandreou insists his country is not looking for a bailout from the EU to help it cut its debt levels effectively.
Banks 'still restricting loans'
BBC Tue, 16 Feb 2010 12:20:42 GMT
Almost two-thirds of UK businesses were refused credit by their banks last year, a survey says.
Credit card interest rates at their highest for 12 years
GUARDIAN Tue, 16 Feb 2010 01:18:19 GMT
Average APR now 18.8%, says study, the highest since 1998, despite bank interest rates being at a record low
G7 to cancel Haiti's debt
PRESSTV Sun, 07 Feb 2010 02:29:59 GMT
The world's seven most industrialized countries have vowed to cancel their remaining bilateral debt with Haiti.
Eurozone rates maintained at 1%
BBC Thu, 04 Feb 2010 12:46:21 GMT
The European Central Bank keeps eurozone interest rates on hold at a record low of 1% for the ninth month in a row.
Australia in surprise rate freeze
BBC Tue, 02 Feb 2010 08:19:38 GMT
Australia's central bank surprises analysts by keeping interest rates on hold at 3.75%, but hints that more roses may be needed.
Demand for credit on the increase
BBC Mon, 01 Feb 2010 10:02:43 GMT
New borrowing on credit cards, loans and overdrafts outstrips repayments by UK consumers for the first time since June.
Students stranded by bust IT firm
BBC Thu, 28 Jan 2010 13:56:58 GMT
Worcestershire-based computer training firm Advent goes into insolvency, leaving students potentially out of pocket.
Northern Rock funds debt helpers
BBC Wed, 27 Jan 2010 09:07:57 GMT
The charitable arm of the Northern Rock bank awards a £1.5m grant to help people struggling with debt.
Japan interest rates kept on hold
BBC Tue, 26 Jan 2010 07:01:33 GMT
Japan's central bank keeps its key interest rate unchanged and underlines its determination to overcome deflation.
Britain must back Obama's stand against the money bullies | Polly Toynbee
GUARDIAN Fri, 22 Jan 2010 17:30:00 GMT
It's high noon for the global economy, but malign market forces are running rings round Labour Here comes the great global fight for democracy. Who's in charge, banks or elected governments? President Obama puts up his fists and every other democracy had better stand with him. He is taking a colossal risk, as Goldman Sachs and the rest thumb their noses at mere governments. Someone had to take on the bully power of money – and only America has the clout. The world's economy depends on it, so Europe must stop pussy-footing and back his plans to dismantle "too big to fail" banks. In Britain this comes to lift the spirits after a week that saw a government powerless against malign market forces – forces it has too often extolled. The hostile takeover of Cadbury by Kraft, financed by RBS, is a deal that stands to be a loser for all but the deal-makers. Not even Kraft's biggest shareholder, Warren Buffett, could stop what he called "a bad deal", as financiers creamed off $390m in fees. Cadbury's CEO cried crocodile tears and flaked out for £12m.
US seeks new limits on big banks
ALJAZEERA Fri, 22 Jan 2010 03:50:47 GMT
Plan aims to keep banks from "holding taxpayers hostage" by becoming too big to fail.
City community recycling jobs go
BBC Thu, 21 Jan 2010 07:47:24 GMT
A recycling project in Plymouth says the recession and a £30,000 tax bill has forced it into insolvency, with the loss of 20 jobs.
Bank of America losses USD 5.2 billion
PRESSTV Wed, 20 Jan 2010 17:55:31 GMT
Bank of America has posted a hefty loss of USD 5.2 billion in the fourth quarter of 20009, blaming the loss on its decision to repay the bailout money it owed to the US government.
Museum art goes on overseas loan
BBC Wed, 20 Jan 2010 13:53:08 GMT
Two works of art in a Kent museum's collection are to go on loan to prominent galleries overseas.
Japan Airlines files for bankruptcy
ALJAZEERA Tue, 19 Jan 2010 09:20:27 GMT
Carrier files for court protection after struggling with billions of dollars in debt.
Japan Airlines set for bankruptcy
ALJAZEERA Mon, 18 Jan 2010 09:22:53 GMT
Share value hits record low as debt-laden airline expected to file for bankruptcy.
Japan Airlines set for bankruptcy
ALJAZEERA Mon, 18 Jan 2010 09:22:53 GMT
Share value hits record low as debt-laden airline expected to file for bankruptcy.
More British businesses in critical state, report warns
GUARDIAN Mon, 18 Jan 2010 08:49:21 GMT
Insolvency specialist says 140,000 firms are in financial difficulties and warns that those in trouble are collapsing faster than in previous recessions More than 140,000 UK companies were dragged into financial difficulties in the last quarter, according to research that also warned firms are collapsing faster than in previous recessions. Insolvency specialist Begbies Traynor reported that the number of companies experiencing significant or critical financial problems rose 6% in the last three months of 2009, compared with the previous quarter. It also said that firms are finding it harder to struggle along once they hit problems. "A new trend is emerging, which indicates that a higher number of business failures are occurring at an earlier stage of deterioration than in previous recessions," it said. Begbies Traynor believes the government's attempts to support British business were having some effect, but predicted a spike in failures later this year when this help is terminated. "Experience of the last four recessions tells us that unemployment levels and corporate and personal insolvencies have lagged behind technical recession by one to two years. With tax and interest rates certain to rise, as well as increasing pressure on consumer spending, there is every reason to suggest that the insolvency peaks of this recession remain some way off," warned Ric Traynor, executive chairman. "While business finance is expected to become more readily available during the first half of 2010, we anticipate a rise in the levels of financial distress during the second half of 2010, as temporary financial support measures are unwound." On an optimistic note, the number of companies facing serious or critical problems was 14% lower than a year ago. Begbies Traynor said this was partly because creditors are now taking a more lenient approach than they did in the immediate aftermath of the collapse of Lehman Brothers, when there was a "near panic" dash to call in debts. Another factor helping the sector is the time-to-pay scheme offered by HM Revenue & Customs, which lets cash-strapped firms defer tax payments. Almost 250,000 companies have taken up this offer, deferring over £4.3bn of tax payments, according to the latest official data. Begbies Traynor fears some businesses are storing up problems, and will collapse when the need to repay debt catches up with them later in the year. "HMRC remains one of the principal creditors in many insolvencies and we fear that when the current time-to-pay scheme, which provided a lifeline to many businesses, is finished there will be a significant rise in company failures – most probably from the third quarter of 2010 onwards," it predicted. Scottish businesses are suffering particularly badly from the downturn, with 41% more companies facing critical problems than a year ago. To be classed as a company with critical problems, a firm would need to be facing county court judgments of at least £5,000, or a petition to wind the company up. Significant problems would include either a court action, or a set of accounts classed as 'average', 'poor', 'very poor', 'insolvent' or 'out of date'. Begbies Traynor classed 4,040 companies in the critical camp, and 137,487 facing significant problems. The services sector saw a 22% rise in companies facing significant problems, compared with the previous quarter. Construction firms performed better, with a 2% decline. Research released yesterday warned that Britain faces a decade of "painful readjustment" from the recession, and will see weak economic growth once the government's efforts to stimulate the economy end. Ernst & Young's Item Club predicted the UK economy would grow by just 1% this year, before recovering to 2.5% in 2011. Recession Graeme Wearden guardian.co.uk © Guardian News & Media Limited 2010 | Use of this content is subject to our Terms & Conditions | More Feeds
Economy faces 'painful' refocus
BBC Mon, 18 Jan 2010 00:52:23 GMT
A study warns the UK faces a decade of "painful readjustment" as it moves away from debt-led consumer spending.
Eurozone interest rates unchanged
BBC Thu, 14 Jan 2010 12:46:33 GMT
The European Central Bank keeps interest rates on hold at 1% in a move widely expected by economists.
Japan Airlines state loan doubled
BBC Sun, 03 Jan 2010 11:00:35 GMT
Japan's government doubles the offer of state-funded credit to troubled Japan Airlines to 200bn yen ($2.2bn; £1.3bn).
Banks win ruling on credit cards
BBC Thu, 31 Dec 2009 12:06:26 GMT
Banks have won a partial victory against some credit card customers who have been trying to avoid their debts.
Chelsea now 'virtually debt-free'
BBC Wed, 30 Dec 2009 11:31:55 GMT
Chelsea football club says it is now "virtually debt-free" after turning most of its liabilities into equity.
French public debt hits new high
BBC Wed, 30 Dec 2009 10:13:26 GMT
France's public debt rises to a new high after state spending during the downturn, figures show.
Japan lender gets loan extension
BBC Thu, 24 Dec 2009 10:37:25 GMT
Japanese finance firm Aiful avoids bankruptcy after receiving approval from its creditors to delay debt repayments.
Greece to vote on big budget cuts
BBC Wed, 23 Dec 2009 12:46:43 GMT
The Greek parliament votes later on emergency budget cuts designed to lower the country's high debt levels.
Bank voted 9-0 for unchanged rate
BBC Wed, 23 Dec 2009 09:57:07 GMT
The nine Bank of England policy committee members all voted to hold interest rates in December, minutes show.
World Bank to lend Vietnam $500m
BBC Wed, 23 Dec 2009 08:13:48 GMT
The World Bank approves a $500m loan to Vietnam from its low interest arm, its largest to the south east Asian country.
Regulator drops bank charges case
BBC Tue, 22 Dec 2009 07:03:08 GMT
The Office of Fair Trading decides not to take any further court action over the fairness of bank overdraft charges.
Third downgrade for Greek debt
BBC Tue, 22 Dec 2009 10:04:55 GMT
A third credit ratings agency downgrades Greek government bonds on worries about the country's high debt levels.
Is UK government debt really that high?
BBC Tue, 22 Dec 2009 00:18:22 GMT
The UK's debt levels are no higher than those of other major economies, writes the BBC's Richard Anderson.
Full List of Debt and Credit Cards articles
TOP Debt and Credit Cards Videos
WPN  
SubPrime Mortgage Mess Explained (with voice)
YOUTUBE 26 Dec 2009
Very funny.

from:
How banks push people into debt
YOUTUBE 3 Dec 2009
In case you were living under a rock, banks have played a large part in helping Americans to collectively achieve $850. Billion in credit card debt.

Yes, hard working Americans make...
Bernanke: Why are we still listening to this guy?
YOUTUBE 18 Nov 2009
This video should make people think twice about listening to anything that Chairmen of the Fed Ben Bernanke says. It's a compilation of statements he's made from 2005-2007 that will have you...
CAUTION: Monetary System Collapse
YOUTUBE 17 Sep 2009
It WILL happen if we don't change course. Tickerguy shows you the numbers, depicted in graphs.

Every man, woman and child in America needs to see this video. Come check out the text...
Paul Samuelson and Robert Merton differ on the causes of the financial crisis
YOUTUBE
Paul Samuelson thinks that government, and economists in general, have become far too right wing. Highlights the dangers of Derivatives, including Credit Default Swaps (CDSs) and Mortgage...
TRAILER: Michael Moore's 'Capitalism: A Love Story'
YOUTUBE 31 August 2009
'CAPITALISM: A LOVE STORY' - In Theaters October 2nd

"It's a crime story. But it's also a war story about class warfare. And a vampire movie, with the upper 1 percent feeding off the...
Karl explain the slumps - covers debt and zionist crimes
YOUTUBE 22 August 2009

The Obama Deception HQ Full length version
YOUTUBE 17 April 2009
The Obama Deception is a hard-hitting film that completely destroys the myth that Barack Obama is working for the best interests of the American people.

The Obama phenomenon is a hoax...
George Galloway on the talkSPORT radio show Friday 5 September 2008 "The Mother of All Talk Shows"
SPIDEREDVIDEOS Friday 5 September 2008
George Galloway's very popular radio show covering current topical discussions, including Britain's huge personal and government debt problem, and the widening gap in football between the...
Bird & Fortune on the Subprime Mortgage disaster
YOUTUBE
Broadcast on 14/10/2007. John Fortune & John Bird on the South Bank show
The Money Masters: who REALLY rules the world (1 - Fed)
YOUTUBE
'There is a principle which is a bar against all information, which is proof against all arguments and which cannot fail to keep a man in everlasting ignorance - that principle is contempt...
David Icke - Big Brother, the Big Picture
EDGEMEDIATV July 6th 2008
David Icke speaks to the constituents of Haltemprice and Howden about the 'Big Brother' election, forced by the resignation of David Davis, and the move towards the global Big Brother...
Talk by Naomi Wolf - "The End of America: Letter of Warning To A Young Patriot"
YOUTUBE
Talk by Naomi Wolf author of "The End of America: Letter of Warning To A Young Patriot" given October 11, 2007 at Kane Hall on the University of Washington campus.

See related...
ZEITGEIST, The Movie - Official Release - Full Film
GOOGLE
ZEITGEIST, The Movie - Official Release - Full Production (including the 'Overture')

What does Christianity, 911 and The Federal Reserve have in common?

Overture:...
Dont watch this video (if you're happy living a lie)
YOUTUBE
Are these distractions stopping you from questioning why politicians lied,... sacrificing innocent lives, ... to make you safe?

FOOL ME TWICE (Bali bombings)

CNBC Overstock CEO interview
YOUTUBE
Overstock.com's CEO Patrick Byrne is interviewd on CNBC business on overstock.com's performance. Unexpectidly he turns the conversation and starts talking of his beliefs that we are on the...
The inevitable collapse of the dollar
YOUTUBE
Americans are living beyond their means and Asia is currently financing that. But eventually the Asians/Europeans will stop financing the USA and then the bubble will burst...
The Truth About The Economy: Total Collapse
YOUTUBE
Compilation from the Korelin Economics Report in April 2007. More and more proof that we are losing a financial war with ourselves...
The Petro Dollar, Iraq, Oil and Bush
YOUTUBE
Hussein was selling Iraq's oil in EUROS,the U.S. invaded to take control of the oil to sell in U.S. Dollars
Money As Debt -- worth watching in light of the run on the Northern Rock bank
GOOGLE
Paul Grignon's 47-minute animated presentation of "Money as Debt" tells in very simple and effective graphic terms what money is and how it is being created. It is an entertaining way to get...
Federal Reserve Debate "Who Owns the Money? The Federal Reserve or the United States"
GOOGLE

Money, Banking and the Federal Reserve
GOOGLE
Whilst this video is from 1990s, this video is especially relevant now that the the Bush Administration is turning on the printing press, and also taking on huge borrowings. The private...
The Shock Doctrine by Alfonso Cuarón and Naomi Klein
YOUTUBE Sat, 08 Sep 2007
Alfonso Cuarón, director of "Children of Men", and Naomi Klein, author of "No Logo", present a short film from Klein's book "The Shock Doctrine: The Rise of Disaster Capitalism."...
Naomi Klein - The Shock Doctrine - Part 1 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...
Naomi Klein - The Shock Doctrine - Part 2 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...
Naomi Klein - The Shock Doctrine - Part 3 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...
Naomi Klein - The Shock Doctrine - Part 4 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...
Naomi Klein - The Shock Doctrine - Part 5 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...
Naomi Klein - The Shock Doctrine - Part 6 of 6
YOUTUBE Sat, 08 Sep 2007
Naomi Klein talks about her new book, The Shock Doctrine: The Rise of Disaster Capitalism. Speaking at a benefit event for the Canadian Centre for Policy Alternatives, a social justice...

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