News round-up: 13 Aug 2008

| 13 August 2008 09:00

Recession
Japanese economy shrinking – BBC News
U.S. retail sales dip in July – BBC News
UK unemployment rise fastest since 1992 – Guardian
Forsaking Waitrose for Aldi – Times Online
European Industrial Output Stalled in June After Slump in May – Bloomberg

Inflation
Spanish inflation at 15-year high – BBC News
Venezuela lifts basic food prices – BBC News
Bank of England to signal inflation pick-up – BBC News
Bank of England says inflation to fall sharply as economy slows – Guardian
Inflation: what the economists say – Guardian

Lawsuits and regulation
Credit Suisse receives £5.6m fine – BBC News
West Virginia Latest to Sue Countrywide – Housing Wire

Housing
Countrywide/BofA Merger Impacts California Defaults – Housing Wire
Japanese Developers Fall on Housing Investment Slump – Bloomberg
Buildings destroyed after rate relief is abolished in UK – Independent
Commuting Datapoint of the Day – Market Movers
Recollections of Alt-A – Bronte Capital

Gold bug’s report
Small miners may face bankruptcy – Fin24

Odds & Ends
Most U.S. Corporations Pay No Income Tax – Deal Book
Dell to sell business laptop with battery life up to 19 hours – Independent Ireland
Former tennis star Tracy Austin accuses broker Gary Fournier of fraud – LA Times
More mortgage troubles for Ed McMahon – LA Times
How weddings are breeding grounds for exploitation – Money Week

avatar About Edward Harrison

Edward Harrison is the founder of Credit Writedowns and a former career diplomat, investment banker and technology executive with over twenty years of business experience. He is also a regular economic and financial commentator on BBC World News, CNBC Television, Business News Network, CBC, Fox Television and RT Television. He speaks six languages, a skill he uses to provide a more global perspective. Edward holds an MBA in Finance from Columbia University and a BA in Economics from Dartmouth College.

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3 Comments

  1. avatar pej says:
    13 August 2008 at 10:51

    This is excellent work, I think we (the readers) thank you enough for your efforts!

  2. avatar Edward Harrison says:
    13 August 2008 at 11:37

    thanks for reading and all your commenting. I look forward to hearing your thoughts on future posts as well.

  3. avatar pej says:
    14 August 2008 at 04:41

    I obviously ment “we *don’t* thank you enough” :-)