http://www.survivalnewsnetwork.com Homesteading, survivalism, gardening, cryptography, conspiracies... Thu, 20 Nov 2008 15:50:44 +0000 http://backend.userland.com/rss092 en Source: Bloomberg.com Fidelity Investments, the world’s largest mutual-fund manager, will eliminate about 1,700 jobs in the first three months of 2009, after announcing the dismissals of 2.9 percent of its employees last week. Together, the 3,000 job cuts represent 7 percent of the workforce, Anne Crowley, a Fidelity spokeswoman, said today ... http://www.survivalnewsnetwork.com/fidelity-investments-will-eliminate-1700-jobs-in-first-quarter-2/ Source: BloggingStocks The two companies announcing big layoffs: a big bank and a leading tech company that sells to banks. According to reports, Citigroup (NYSE: C) may lay off 10,000 employees — adding to the 23,000 it has already cut in the last year. Sun Microsystems (NYSE: JAVA) announced it will ... http://www.survivalnewsnetwork.com/a-black-friday-for-16000-workers-as-citi-and-sun-plan-massive-layoffs-2/ Source: FT.com The dire mood among US consumers was highlighted on Friday when figures showed that retail sales fell by 2.8 per cent in October – the steepest monthly drop since the commerce department began measuring the data in 1992. The fall in retail sales was more rapid than the 2 ... http://www.survivalnewsnetwork.com/us-retail-sales-fall-at-record-rate-2/ Source: Prison Planet The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions - all within four years, while cautioning that putting food on the table will be a more pressing concern than ... http://www.survivalnewsnetwork.com/celente-predicts-revolution-food-riots-tax-rebellions-by-2012-2/ Source: Prison Planet Economic experts have predicted that rampant inflation caused by government stimulus packages will soon take hold of the economy and force precious commodity prices to all time highs. Johann Santer, MD at Superfund Financial Hong Kong told CNBC that he expects to see gold climb from its current position ... http://www.survivalnewsnetwork.com/analysts-predict-hyper-inflation-to-push-gold-to-2000-oil-to-300-within-months-2/ Source: FT.com Evidence of global economic turmoil mounted on Thursday as leaders of the G-20 group of nations began to arrive in Washington for this weekend’s summit. Germany plunged into recession after a steeper-than-expected 0.5 per cent fall in economic activity in the third quarter, new data showed. In the US, ... http://www.survivalnewsnetwork.com/signs-of-turmoil-grow-as-g20-looms-2/ Source: Bloomberg.com U.S. stocks fell and the Standard & Poor’s 500 Index retreated below its lowest closing level since 2003 on a jump in jobless claims and a worsening outlook for industrial and technology companies. General Electric Co. dropped below $15 for the first time since 1996 after Citigroup Inc. said ... http://www.survivalnewsnetwork.com/us-stocks-retreat-as-economic-slump-spurs-profit-concerns-2/ Source: MarketWatch First-time filings for state unemployment benefits hit their highest level since September 2001, rising to 516,000 in the latest week, a further sign of how the U.S. labor market’s struggling, the Labor Department reported Thursday. For the week ended Nov. 8, initial claims climbed by 32,000 from last week’s revised ... http://www.survivalnewsnetwork.com/initial-jobless-claims-top-500000-highest-in-over-seven-years-2/ Source: Reuters President-elect Barack Obama has vowed to help middle-class U.S. homeowners facing foreclosure, but he has said little about how he will help low-income families made homeless by a worsening economy. Obama has spoken broadly about boosting affordable housing and restoring public housing subsidies. But with economists forecasting a deep recession ... http://www.survivalnewsnetwork.com/family-homelessness-rising-in-the-united-states-2/ Source: MarketWatch Analysts who follow Google Inc. cut their estimates for the Internet giant’s fourth-quarter financial results Wednesday, as the company’s shares dipped below the $300 mark for the first time in more than three years. Analysts cited evidence that Mountain View, Calif.-based Google (GOOG) , like other Internet companies, is suffering ... http://www.survivalnewsnetwork.com/google-stock-below-300-mark-for-first-time-since-2005-2/