CURRENT NEWS ITEM: BIG 3 BANKRUPTCY WOULD 'DEVASTATE' ECONOMY: CAW

TOP - 50 RELEVANT BREAKING NEWS

1. Big 3 bankruptcy would 'devastate' economy: CAW

   The head of the Canadian Auto Workers is calling on Canada and the U.S. to step in and save the Big 3 automakers, saying a failure would be "devastating" to the nation's economy.

2. U.S. auto sector bankruptcy would devastate: GM CEO

   DETROIT (Reuters) - U.S. auto industry bankruptcies would have a devastating impact on the domestic economy, many times larger than the aid automakers seek, General Motors Corp Chief Executive Rick Wagoner said on Sunday.

3. Panicking would devastate economy, Flaherty says

   Finance Minister Jim Flaherty says panicking in the face of the global economic crisis would be "devastating" for Canada.

4. Dismal economy sinks oil as U.S. mulls auto bankruptcy

   NEW YORK (Reuters) - Oil prices plummeted on Thursday on concerns the global economic downturn will be long and deep, while one of its main casualties, the U.S. auto industry, faced White House talk of bankruptcy as part of a rescue by the government.

5. What next? The economy stares into the abyss

   In Washington the comings and goings at the IMF conference of the world's finance ministers and central bankers seemed curiously irrelevant against such a tsunami of fear. So far this week, their actions – bank rescue plans, an internationally co-ordinated cut in interest rates and a pledge of billions of dollars in assistance from the IMF for distressed economies – have been met with a raspberry from the markets.

6. McCain, Obama offer dueling ideas to save economy

   WASHINGTON (AP) -- John McCain and Barack Obama outlined steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race for the White House....

7. An economy you can bank on

   The non-financial sectors will not suffer much from the banking crisis, because the general economic importance of banks has been highly exaggerated.

8. Meeting on Crisis, Executives Say High Taxes Hinder City’s Economy

   Leaders of many of New York City’s largest companies gathered at the New York Stock Exchange to discuss how they and government officials should respond to the financial crisis.

9. GM, Ford say not considering bankruptcy

   DETROIT (Reuters) - General Motors Corp (GM.N) and Ford Motor Co (F.N) both ruled out on Friday seeking bankruptcy protection at a time when slow auto sales and the credit crunch have rattled investors and sent their shares plunging.

10. Economy could deflect probe sting

    The findings of the Palin probe could make things harder for Republicans, but the economy remains the key political issue, says Richard Lister.

11. McCain, Obama offer ideas to aid economy

    John McCain and Barack Obama outlined modest steps to counter the faltering economy and plummeting stock market on Friday, fresh evidence of the dominant role of pocketbook issues in their race.

12. ICELAND: National bankruptcy looms after nightmarish week for Icelandic banks

    In the past week, Iceland's government took over the country's top three banks, hundreds of bank employees were fired and the stock exchange was closed down. The island nation of 300,000 people now faces bankruptcy.

13. Ireland's economy ends long winning run

    DUBLIN, Ireland (AP) -- Davey McKeever was down to his last bet slip of the night, crumpled in a sweaty fist, at the Shelbourne Park greyhound track. The remnants of McKeever's first unemployment check would rise or fall on the ironically named Nest Egg....

14. China may draw farms into market economy

    Chinese leaders are expected to allow peasants to buy or sell land-use rights for the first time.

15. Global Anxiety Catches Up to Japan’s Economy

    The world’s second-largest economy, which had seemed immune from the global financial contagion, is suddenly looking a lot more vulnerable.

16. Consignment Sales Rise as Economy Falls

    Patricia Ohlemiller packed up her Edmund Scientific Astroscan telescope last week and headed to the Gaithersburg iSold It eBay drop-off center. She hoped to recoup $150, minus commission, of its original $350 value.

17. ICELAND: Iceland faces bankruptcy after nightmarish week for the island's banks

18. Dion says economy would 'deteriorate' under Tories

    Stephane Dion said Saturday a Tory government would hurt the economy and do nothing for the environment, but Stephen Harper fired back, saying the Liberals' Green Shift plan would "kill jobs."

19. David McCormick on the Economy

    Undersecretary of the treasury tells "GMA" the latest financial news.

20. Politics of the Economy

    With little else on Americans' minds, the candidates turn towards economics.

21. Economy, TV and the American Family

    In tough economic times, what does what you watch say about you?

22. World economy will slow sharply

    The world economy will slow sharply this year and next, with the United States likely sliding into recession reflecting mounting damage from the most dangerous financial jolt in more than a half-century.

23. Pension increase 'would boost economy'

    AGED pensions should be increased to help struggling pensioners and provide an immediate economic stimulus at a time of global financial turmoil, a study says.

24. Indian economy will continue to perform well, says IMF

    Overall, we see the Indian economy continuing to perform well," said Oliver Blanchard, Economic Counselor and Director of International Monetary Fund (IMF) Research Department here recently. Pointing out that there will be some impact of the tighter global liquidity conditions

25. New Chinese policy draws farmers into market economy

    Chinese leaders approved a policy that will in theory allow peasants to buy and sell their land rights, a move that sets in motion the nation's biggest economic reform in many years.

26. Keeping Customers in a Crummy Economy

    Even before the U.S. economic outlook darkened as the gravity of the financial crisis came into focus, companies started to get more aggressive in their attempts to hold onto old customers and attract new ones. With the uncertainty around the credit seize-up, consumers may be digging in for a long hibernation.

27. A bankruptcy in UK every 5 mins

    A British resident or business is declared insolvent every five minutes or so, according to an advocacy group. Credit Action claims that the number of people seeking debt help has increased by more than a third in the past year.

28. Bush focus on economy

    President Bush enters his last 100 days in office with the economy dominating the headlines. CNN's Kathleen Koch reports.

29. Obama offers new proposals to help economy

    TOLEDO, Ohio (AP) -- Democrat Barack Obama proposed more immediate steps Monday to heal the nation's ailing economy including a 90-day moratorium on home foreclosures at some banks and a two-year tax break for businesses that create new jobs....

30. Tough Economy May Force Agency to End Caylee Hunt

    A nonprofit helping to search the Orlando area for missing toddler Caylee Anthony may end its work on the case because of the foundering economy.

31. Democrats offer their vision for economy

    Obama and McCain took different tacks in their bids to win the White House, as the Democrat set out a far-reaching economic plan and his Republican rival sought to bring his campaign back on course by embracing his underdog status

32. Tailgating and the economy

    NFL Fans feel the crunch of the economic downturn. CNN's Naamua Delaney reports

33. Video: Economy dominates campaign

    Oct. 13: With polls showing Barack Obama widening his lead, John McCain is planning to unveil new economic proposals. NBC’s Andrea Mitchell reports. (Today Show)

34. Obama lays out modest steps on economy

    TOLEDO, Ohio (Reuters) - Democratic presidential nominee Barack Obama on Monday proposed tax credits and other steps to create jobs and to cushion Americans against the economic downturn but analysts described his ideas as modest.