http://www.politonomist.com ƒ(supply, demand) Mon, 19 Apr 2010 06:09:57 +0000 http://backend.userland.com/rss092 en The economic downturn has transformed the Internet to a place of financial risk: from "businesspeople" promising methods to make money to people preying on those who can least afford it with unfavorable debt consolidation offers. This week the FTC announced a number of movements to attack the rebilling industry with ... http://www.politonomist.com/ftc-cracks-down-on-rebills-002401/ After failing to restructure the company from within, General Motors filed for Chapter 11 bankruptcy on June 1st, 2009. The company currently has approximately $82 billion in assets and more than $172 billion in debt, making this the 4th largest bankruptcy filing in the history of the United States. The industry ... http://www.politonomist.com/gm-files-for-bankruptcy-002395/ The stockholders of General Motors rejected the company's plan to restructure finances to stay out of bankruptcy. The plan to settle their debt by selling 10% of the shares to creditors owed over $27 billion USD. Neither shareholders nor creditors accepted the plan. It is also possible that the US ... http://www.politonomist.com/gm-restructuring-plan-fails-002389/ The month of March 2009 saw the loss of 61,300 full-time jobs according to Statistics Canada, increasing the Canadian unemployment rate by 0.3 percent — raising the figure to 8 percent, a 7-year high for the country. Similar trends were seen throughout February and March in the United States and ... http://www.politonomist.com/canadian-unemployment-highest-in-7-years-002356/ Though a statement issued by the Royal Bank of Scotland on Tuesday said that figures were a worst case scenario, and actual losses could be "significantly lower", it is feared that around 9,000 jobs will be shed by the bank, over half of which are situated in the U.K. The British ... http://www.politonomist.com/rbs-could-cut-up-to-9000-jobs-002346/ In addition to tripling the lending capacity of the International Monetary Fund (IMF) to $750 billion, the G20 summit saw world leaders take several other measures to ensure international trade resumes, protectionism is avoided, and countries struggling with the financial crisis receive the necessary assistance. A draft communique issued by ... http://www.politonomist.com/g20-global-economic-health-a-priority-002331/ One of the most interesting conclusions of the G20 summit released in the nine-page communiqué published by the group is that of the establishment of a asset disposal system. Citing many economists who agree that the so-named "credit crunch" will continue until the top nations remove toxic assets from bank's balance ... http://www.politonomist.com/g20-calls-for-bad-bank-in-hurt-nations-002327/ Thursday evening's G20 agreement concluded with a nine page communiqué which called for, in many ways, a complete overhaul of the financial regulatory institution — including starting an international crackdown on financial institution salaries. A new set of international rules will limit the cash bonuses provided to traders and executives who ... http://www.politonomist.com/international-community-attacks-financial-industry-002320/ The G20 summit due to be held in London on April 2nd is set to be the cause of "unprecedented" protests, staged by a variety of organizations. The British police have responded by increasing security in the city exponentially, in hopes that the summit may proceed unhindered. The groups who are ... http://www.politonomist.com/g20-fears-of-protest-heightened-security-002289/ The largest 20 U.S. cities, according to a private survey by Standard and Poor's/Case-Shiller released this week, saw a 19 per cent fall year-over-year as of January 2009, while a separate index confirmed a 19.4 per cent decline in the 10 largest metropolitan areas. "There are very few bright spots that ... http://www.politonomist.com/us-house-prices-marked-record-fall-002283/ With the G20 summit due to commence in London just under two days from now, the revelation that the International Monetary Fund (IMF) will write off $3 billion of the Ivory Coast's $12.8 billion national debt clarifies the agency's approach for the finance talks on April 2nd. A proposed increase ... http://www.politonomist.com/imfs-debt-relief-begins-002280/ On Monday, U.S. President Barack Obama signed into law over 160 bills encompassing around 2 million acres of land across nine states, declaring the space new wilderness and rendering it off limits to oil and gas drilling and other development. Environmental advocacy groups have praised the move, which is a ... http://www.politonomist.com/us-obama-signs-conservation-bill-002257/ With the April 2nd G20 summit rapidly approaching, there are concerns about what can really be achieved arising from what many are calling a rift between some of the nations set to be in attendance. When the summit begins on Thursday, the group of 20 (G20) developed and developing economies ... http://www.politonomist.com/g20-british-pm-brown-hopeful-002251/ Both Canadian and U.S. politicians are on track to revise deadlines provided to General Motors and Chrysler for producing restructuring their businesses after saying the first attempts would be rejected, while in parallel announcements that General Motors' CEO Rick Wagoner resigned Monday morning at the request of President Obama's administration. President ... http://www.politonomist.com/rick-wagoner-resigns-gm-chrysler-deal-renegotiated-002245/ At the upcoming G20 summit in London on April 2nd, there are promises that the International Monetary Fund (IMF) will amend its representation regime to better include developing nations, an expert with the Asian Development Bank (ADB) says. The summit is to be attended by the Group of 20 (G20) ... http://www.politonomist.com/g20-emerging-economies-gain-representation-002132/