Survival News Network

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration’s housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
A Treasury report showed 360,165 people had their monthly payments reduced through August, up from 235,247 through July, but a senior Treasury [...]

Only 12 percent of U.S. homeowners eligible for loan modifications under the Obama administration’s housing rescue plan have had their mortgages reworked, and millions more foreclosures are coming, the Treasury Department said on Wednesday.
A Treasury report showed 360,165 people had their monthly payments reduced through August, up from 235,247 through July, but a senior Treasury [...]

Germany’s economics ministry is drawing up a raft of special measures with the Bundesbank to head off a fresh financial crisis, fearing that a loan squeeze by struggling banks will set off a serious credit crunch early next year.
“The most difficult phase for financing is going to be in the first and second quarter [...]

Germany’s economics ministry is drawing up a raft of special measures with the Bundesbank to head off a fresh financial crisis, fearing that a loan squeeze by struggling banks will set off a serious credit crunch early next year.
“The most difficult phase for financing is going to be in the first and second quarter [...]

The file presents 48 classified pages containing drafts of–and
diplomatic comment on–the controversial international copyright and
patent trade agreement, ACTA (”Anti-Counterfeiting Trade Agreement”).
The documents were obtained by Wikileaks staff.
The document is significant, both for those countries involved
in the negotiations and those who have been excluded from them, such as
China, Russia and the nearly all of the developing [...]

The file presents 48 classified pages containing drafts of–and
diplomatic comment on–the controversial international copyright and
patent trade agreement, ACTA (”Anti-Counterfeiting Trade Agreement”).
The documents were obtained by Wikileaks staff.
The document is significant, both for those countries involved
in the negotiations and those who have been excluded from them, such as
China, Russia and the nearly all of the developing [...]

The file presents 48 classified pages containing drafts of–and
diplomatic comment on–the controversial international copyright and
patent trade agreement, ACTA (”Anti-Counterfeiting Trade Agreement”).
The documents were obtained by Wikileaks staff.
The document is significant, both for those countries involved
in the negotiations and those who have been excluded from them, such as
China, Russia and the nearly all of the developing [...]

Source: FT.com
Iran has now built up a stockpile of enough enriched uranium for one nuclear bomb, United Nations officials acknowledged on Thursday.
In a development that comes as the Obama administration is drawing up its policy on negotiations with Tehran over its nuclear programme, UN officials said Iran had produced more nuclear material than previously [...]

Source: Bloomberg.com
OAO Gazprom, Russia’s state gas exporter, called for a resumption of talks on a dispute with Ukraine that led to a cutoff of Russian supplies of the fuel today to the country, the second interruption in three years.
Price was not the main issue in negotiations broken off yesterday, Gazprom spokesman Sergei Kupriyanov told [...]

Source: CNN.com
The collapse of negotiations could possibly doom General Motors to a bankruptcy and closure in the coming weeks, with Chrysler potentially following close behind.
While Ford Motor has more cash on hand to avoid an immediate crisis, its production could be disrupted by problems in the supplier base, as could the production of overseas automakers [...]