Jobs decline in the USA. Economic crisis?


This video from the USA is called RSA Animate – Crises of Capitalism.

This video from the USA is called Joseph Stiglitz on the Fall of the Lehman Brothers.

By Joe Kay:

Prospects for US recession increase as jobs report shows first decline in four years

A report released Friday estimates that US employers cut 4,000 jobs in August—the first monthly decline since 2003. The report is the latest indication of an economic slowdown in the US, extending beyond the housing market into the broader economy.

Stock markets fell sharply on Friday, amidst talk of a possible recession in the US and extreme nervousness on Wall Street. The Dow Jones Industrial Average fell 250 points, down 1.87 percent. All but one of the 30 stocks that make up the Dow fell, showing the broad character of the market reaction. At the same time, investor buying pushed up the price of US treasury bonds, considered a safe investment, driving yields down sharply.

European markets also reacted to the US jobs report.

Northern Rock in Britain: here. And here.

Northern Rock chairman quits and others may soon follow: here.

Merrill Lynch reports billions in losses amidst growing signs of US recession: here.

Merrill Lynch, the firm lost $8bn and the chief executive had to go – with $159m: here.

4 thoughts on “Jobs decline in the USA. Economic crisis?

  1. Pingback: Tony Blair joins JP Morgan as $1m-a-year part-timer | Dear Kitty. Some blog

  2. Pingback: More Northern Rock scandal in Britain | Dear Kitty. Some blog

  3. Pingback: Northern Rock financial scandal in Britain | Dear Kitty. Some blog

  4. Pingback: Markets up, but US $ down | Dear Kitty. Some blog

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

This site uses Akismet to reduce spam. Learn how your comment data is processed.