The Global Economy >> Challenge, Compromise and Change



December 21, 2009 —
>> GM to Close Down Saab
Swedish Radio International
>> Renewed Embrace of Glass-Steagall Act
David Reilly, Bloomberg News
>> Fannie, Freddie Wishing All Happy Holidays
The Associated Press, Google News
>> Senate Panel Endorses Ben Bernanke’s Nomination for Another 4-Year Term as
Federal Reserve Bank Chairman
Neil Irwin, The Washington Post
>> Wells Fargo Forgives Nearly $50,000 in Principal on Option-ARM Home Loans in Wachovia-Initiated Portfolio
Dakin Campbell, Bloomberg News
>> TARP Bank Bailout Program To Be Extended Until October 2010 — Just in Case
Robert Schmidt, Rebecca Christie, Bloomberg News
>> UK Chancellor Darling Seeks to Shore Up British Economy With Caps, Cuts and Banker Bonus Tax
Katie Allen, Kathryn Hopkins, The Guardian (UK)
>> Ron Paul Again Demands More Federal Reserve Transparency — This Time Congress Is Listening
Catherine Dodge, Bloomberg News
>> Mortgage Cram-Down Bill — Allowing Federal Judges to Rule on Mortgages — To Go to House for Vote Dawn Kopecki, Bloomberg News
>> Why Is There Growing Public Demand for £50 Notes in Britain
Angela Monaghan, The Daily Telegraph (UK)
>> Federal Reserve Chairman Bernanke Sees “Formidable Headwinds” for U.S. Economy
Craig Torres, Shobhana Chandra, Bloomberg News
>> Bailout of UK Banks Reaches £850 Billion — Ultimate Cost to Taxpayers Unknown
Andrew Grice, The Independent (UK)
>> Australia’s Natural Resources and the Jobs They Create Has Central Bank Raising Interest Rates — Again
Jacob Greber, Bloomberg News
>> UN Investigator Says Shame on America for Not Spending More to Help Homeless
Chris McGreal, The Guardian (UK)
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