IMF foresees 2010 global recession with job losses and stimulus urge
The IMF projects a 1.3 percent global contraction this year with up to 25 million additional jobless worldwide. It urges governments to expand fiscal stimulus and infrastructure spending to avoid a deeper downturn and potential social unrest.
MENTIONED IN THIS ARTICLE
Washington
International Monetary Fund
IMF
Olivier Blanchard
Barack Obama
Germany
United States
GM to shutter most plants up to nine weeks this summer
GM plans to temporarily close most U S factories for up to nine weeks this summer due to weak sales and high inventories. Some plants making popular models may stay open part of the period at reduced speeds. Thousands could be laid off but receive most pay under the UAW contract as GM faces a June 1 restructuring deadline and possible Chapter 11.
MENTIONED IN THIS ARTICLE
Detroit
General Motors Corp
U.S
Chris Lee
United Auto Workers Union
UAW
Ward
Autobfo Bank
Court backs tire defect fault in fatal Mississippi crash
In 2000 three friends drank before a speeding car on Mississippi Highway 27 left the road. The Mississippi Court of Appeals upheld a $2.1 million verdict against Goodyear and Big 10 Tire for a faulty right rear tire, with driver Travis Kirby killed and passengers Riley Strickland and Sidney Odom injured.
MENTIONED IN THIS ARTICLE
Jackson
Miss
Mississippi
Mississippi Court of Appeals
Goodyear Tire and Rubber Co
Big 10 Tire Co
Travis Kirby
Kirby
Riley Strickland
Sidney Odom
Copiah County
Associated Press
Mike Allred
Odom
Foreclosures Worst in Four States as RealtyTrac Reports
RealtyTrac’s first quarter study shows 26 U S cities with the highest foreclosure rates concentrated in California Florida Arizona and Nevada led by Las Vegas Merced Cape Coral Fort Myers and Port St Lucie In Ohio Canton Columbus Toledo also rank in the top 50 nationwide about 804000 homes received foreclosure notices January through March with Obama incentives and $75 billion promised to curb the crisis.
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Washington
U.S
California
Florida
Arizona
Nevada
RealtyTrac Inc
Las Vegas
Merced
Calif
Cape Coral-Fort Myers
Phoenix
Port St. Lucie
Fla
Boise City
Idaho
Greeley
Colo
Ohio
Canton
Toledo
Columbus
Barack Obama
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