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$9.7 Trillion Spending, Nissan cuts 20,000 jobs, Recession Immobility, Reinhardt Prediction

2,872 views · Published 9 February 2009 · 5:33 · Indexed 17 October 2026

Channel: DEMCAD · 2009 · News & Politics

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($9.7 trillion) U.S. Taxpayers Risk $9.7 Trillion on Bailouts as Senate Votes 
-enough to pay off 90% of America's mortages
-$1,430 check to every citizen
-in the last two years, The Federal Reserve, Treasury Department and Federal Deposit Insurance Corporation have spent or lent out $3 trillion
-going to spend another $5.7 trillion
http://www.bloomberg.com/apps/news?pid=washingtonstory&sid=aGq2B3XeGKok


KV Pharma to cut 700 jobs
-As of Mar. 31, 2008, it employed 1,590 employees
http://www.reuters.com/article/marketsNews/idUSBNG23547320090209


Whirlpool Quarterly Profit Falls 76%
-Quarterly sales fell 19 percent
http://www.cnbc.com/id/29096179


McDonald's Same-Store Sales Up 7.1% in January
-not a surprise, people are on a budget
http://www.cnbc.com/id/29097609


Nissan to Cut 20,000 Jobs as Carmaker Forecasts Loss
-Japans third- largest automaker
-net loss of 265 billion for fiscal year ending on March 31
http://www.bloomberg.com/apps/news?pid=20601087&sid=ap1lHrCt4.Ws&refer=home


GM, Chrysler May Be Put Into Bankruptcy to Protect U.S. Loans 
-Citigroup Inc., JPMorgan Chase & Co. and Goldman are top pripority creditors
(They'll get their money first)
-Federal gov. is trying to move to the top of the list
-may force GM and Chrysler into bankruptcy to get what they want.
http://www.bloomberg.com/apps/news?pid=20601087&sid=ad_m06A_gtLk&refer=home


Recession limits Americans' ability to find work by moving
-people can't sell their homes
-people can't find jobs in other states
*difficult for me to leave Michigan
http://www.usatoday.com/news/nation/2009-02-08-recession-unemployment-relocation_N.htm


Swiss banks to announce massive losses: report
Two of Switzerland's largest banks, UBS and Credit Suisse will anounce that combined losses for 2008 will be 29 billion Swiss francs
http://www.breitbart.com/article.php?id=CNG.2e4e127b6b7d600dc3fa28f04b21cb9d.1b1&show_article=1

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