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Freddie Mac CFO Kellermann Took Stress Leave Before Death
David Kellermann, acting CFO for Freddie Mac, had taken time off for stress the day before his death. Kellermann had delegated his duties to coworkers before he left the office for the final time. Medical examiners have performed an autopsy, but the results are not yet...
created by Jordan Yerman | 4 years ago | updated 4 years ago
185 views | 0 recommendations | 0 comments
185 views | 0 recommendations | 0 comments
Strike begins at Scottish newspaper
As reported here a strike has begung at the Daily Record and Sunday Mail newspaper offices HQ in Glasgow, Scotland. It follows a strike ballot that was held by the National Union of Journalists, where the 276... Journalists agree to strike/work-to-rule at Scottish Newspaper
Journalists at one of Scotland's biggest newspapers are to strike because of restructuring and job cuts. The newspapers, the Daily Record and Sunday Mail, owned by Trinity Mirror will strike for 2 days. It follows... IRELAND: Working women almost certainly caused the credit crunch
Well written, ridiculous and hilarious!"By Newton Emerson––NEWTON'S OPTIC: THE ANSWER to all our problems is staring us in the face. It may even be quite literally staring at you, right now, across the... 426 views | 30 recommendations | 6 comments
US Foreclosure Prevention Program Launches
President Obama's foreclosure prevention program comes into effect today. You can visit hud.gov for the details, as well as a quick self-assessment form. The plan is meant to help struggling homeowners refinance their mortgages to get the remaining mortgage amount below...
created by Jordan Yerman | 4 years ago | updated 4 years ago
232 views | 12 recommendations | 1 comment
232 views | 12 recommendations | 1 comment
Scotland and Wales cancel football Euro bid
The credit crunch has claimed another victim, this time it's football. Scotland and Wales have cancelled plans for the two nations to joint host the Euro 2016 football tournament because of the global economic... Emergency European Economic Summit in Brussels
European leaders are gathering in Brussels for an emergency econimic summit. As Western investment flees Eastern Europe, affected countries are looking to their neighbors for help. Hungary has called for a...
created by Jordan Yerman | 4 years ago | updated 4 years ago
359 views | 14 recommendations | 8 comments
359 views | 14 recommendations | 8 comments
Port Mann P3 scuttled by Victoria over lack of private finance
The B.C. Liberal government has ditched plans to build the new Port Mann bridge crossing through a so-called public-private partnership (P3) and will now finance the project directly. That's a dramatic reversal for Victoria which just a few weeks ago announced that it would... Nortel Lays off 3,200 without Severance
Nortel is laying off 3,200 employees, copmrising 10% of its workforce. The ailing Toronto-based telecom giant had previously filed for Chapter 11 bankrupcy protection, and so does not have to deliver severance pay to...
created by Jordan Yerman | 4 years ago | updated 4 years ago
488 views | 0 recommendations | 0 comments
488 views | 0 recommendations | 0 comments
Half baked Europe
The words 'half baked' were used about Europe's response to the crisis today by Joschka Fischer, Germany's ex-foreign minister until 2005. He was speaking on the BBC's HARDtalk programme about the sprawling... 440 views | 53 recommendations | 14 comments
Silver Falls Bank Fails
Silver Falls Bank has failed, becoming the 14th victim of the Credit Crunch. The FDIC took possession of the bank and flipped it to Citizens Bank. If you're a Silver Falls depositor, don't worry: your money is...
created by Jordan Yerman | 4 years ago | updated 4 years ago
127 views | 0 recommendations | 0 comments
127 views | 0 recommendations | 0 comments
Port Mann bridge partner reports massive losses on toll roads
The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the bath on its toll road assets around the world. " Macquarie... UK BANKING ROW: Crosby resigns from FSA
Sir James Crosby, the deputy chairman of City watchdog, the Financial Services Authority (FSA) has resigned. This is the man who sacked senior manager Paul Moore after raising concerns the bank was exposed to... RBS to axe 2,300 UK jobs as former boss says he is 'sorry'
The Royal Bank of Scotland (RBS) are to axe 2,300 office jobs, but said there will be no branch job loses. Former RBS chief executive Sir Fred Goodwin said that he "could not be more sorry" for what had happened to... B.C. P3 lender burning through government loan guarantees
The Belgian-French bank that's supplying the financing to several public-private partnership (P3) projects in British Columbia has exhausted half of the government guarantees it received in a September bailout. Dexia is a financial partner in the Royal Jubilee, Kelowna and... Top Members Today
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