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[Global Crisis News] Swine flu to push UK economy “over the edge” | Global Crisis News: Young’s Item Club team of financial experts predicts that the disease could cause the UK’s fragile economy to contract by a whopping 7.5% this year - knocking any hope of a recovery from the current recession.

[ti_opinion] ti_opinion - Hamish McRae: The jobs market has changed for ever: By contrast total employment of older people, especially those beyond normal retirement age, was rising until very recently. Part of that may be because some people have seen their pensions damaged and the return on their savings cut and so have to go on working longer.

[Zero Level] Italy’s recession slows, economy ’still fragile’: MILAN (AFP) - The Italian economy contracted by 0.5 percent in the second quarter, official data showed on Friday, signalling an easing of recession after a first quarter contraction of 2.7 percent.

[East Asia Forum] Indonesia's new leadership: the Australian connection | East Asia ...: The Indonesian economy contracted severely then, both the currency and the banking system collapsed, and relations with the international donor community soured. Second, as Finance Minister in the early years of this decade, he presided over a remarkable recovery in state finances, rapidly bringing down public debt, and managing to control the spending propensities of a divided cabinet not known for its economic literacy.

[financialeconomist] Market review: Weakening reserve currency and fragile fundamentals ...: The U.S. economy shrank at a slower pace in the second quarter, a sign the worst recession since the Great Depression is winding down. Gross domestic product contracted at a less-than-projected 1 percent annual rate after shrinking 6.4 .

[ABC Money News - What or Who is Making Headlines in the World of Money and Finance] NIESR provides pessimistic outlook for UK economy: In other news, the Ernst & Young Item Club, the influential think-tank, said earlier this week that the UK economy is heading for a ”˜fragile recovery’ and is predicting that the economy will contract by 4.5% this year - the biggest fall in any year since 1945.

[Embrace Australia] Sunny Forecast for Australia’s Economy: However analysts warn against buying the sun cream and deck chairs just yet. The economy, they say, is still fragile with consumer spending cautious. So whilst the industrialists may be quietly celebrating, this positive outlook has yet to hit the High Street.

[Dynamic Export] UK economic recovery not taken for granted | Dynamic Export: The global economy is in a fragile state and an economic recovery for the UK cannot be taken for granted, said British Prime Minister Gordon Brown at his monthly press conference yesterday.

[Foreign Exchange Outlook] TorFX - Leaders in Foreign Exchange: The Pound fell from the highest level in ten months against the Dollar and plunged to a low of 1.1650 versus the Euro, as the BoE unexpectedly increased its bond purchasing program, amid concerns that the recession is deeper than previously estimated. The positive tone of recent economic data had raised optimism that policy makers would shift to a tightening bias in the August announcement, as the economy shows tentative signs of a recovery.

[Texas Rangers] Texas Rangers Blog | Sports News | News from Dallas, Texas ...: The economy, his injuries, down season and relapse all lean towards me wanting to sign him long term. I would also put several incentives in the contract that could help him get extra money, if he stays clean and has really good years.

[Don Surber] Don Surber » Blog Archive » Economy goes from worse to bad: The economy’s still-fragile state makes it vulnerable to any further shocks, Fed officials say. Given that, Fed policymakers are expected to keep a key bank lending rate ”” which influences rates on many consumer loans ”” at a record low near zero at its meeting in August and probably through the rest of this year, analysts say.

[Pajamas Media] Pajamas Media » President of Some of the People: the peasants on the payrole )..You could probably distill outta his plans some sorta long term goal of laying groundwork for legalizing the marijuana economy, (Or at least tapping into it’s resources, I mean with “pot”, that’s jest inheritence money that’s floatin’ around waitin’

[Against the Grain] Against the Grain » Blog Archive » US productivity booms: As an analyst was quoted as saying “there is an element of fragility in the recovery”, we agree entirely too much hope is riding on a secretive, insecure Dragon and what happens if it runs out of puff. On the BBC y/day a US trade lawyer said that an I phone retailing at US$ 299 has “made in China” stamped on it yet the components come from 20 countries and China receives only US$ 4 / unit with most of the rest going to US design, marketing and sales.

[1read's Weblog] THE WORLD today! « 1read's Weblog: Eurozone banks, blamed for tithening of credit to the corporate sector, especially in Germany with a chronically undercapitalized banking system above all of the troubled Landesbanken, hitting Germany’s export structure, may face besides write-downs related to asset backed securities and derivatives additional risks of more than $283 Billion this year and next, mainly due to likely losses on corporate debt and other loans as the economic slowdown continues, existing also potential threats considering difficulties of central and eastern European economies, where many western European banks are exposed. The German Government and financial regulators agreed on a second bailout package, increasing aid to €87 Billion in addition €15 Billion from the private banking sector for the Hypo Real Estate, one of Europe’s biggest commercial property lenders, taking an inititial stake of 9,94% increased to 47,31% to avoid that the crisis in one local financial company endangers the country’s financial system, preparing a complete takeover approving a 73,95% majority of shareholders at the bank’s extraordinary general meeting a capital increase of €2,96 Billion ensuring that the Government after suscribing the new shares will hold a 90% stake of the firm, initiating a squeeze-out of the minority shareholders, insisting the US investment firm JC Flowers holding still a stake of about 14% to continue as shareholder and might take legal action.

[Front Porch Republic] Front Porch Republic » Blog Archive » Voices Against Progress ...: Note that I developed or deepened my relationships with all of these dignitaries at a time when Ronald Reagan was providing verbal assurance that “America is back.” Unlike others on what called itself the Right, none of these older friends blithely imagined that he was witnessing a “conservative revolution.” The 1980s, or what they understood of them, had not changed much for the better, even if the occupant of the White House was praising “values” and speaking tough to the Soviets. All of these friends ”” perhaps especially an apparent Marxist, Gene Genovese ”” were keenly aware of the losses of the modern era, and of the vain and often shabby attempts made by the state and the market to compensate for them.

[The Irish Economy] The Irish Economy » Blog Archive » Competitiveness and Recovery: The talent that should have been building Ireland’s export base has been engaged in property development, construction, building businesses in indigenously traded sectors that offered vast excess profits, and piling into the fast-expanding and well paid healthcare professions. For better or worse, exporting looks more attractive now.

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