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Spain bracing for deflation

Crikey April 21, 2009

Faced with plunging orders, merchants across this recession-wracked country are starting to do something that many of them have never done: cut retail prices.

The disappearing jobs of Merthyr Tydfil

Crikey April 21, 2009

By the 1970s Hoover employed more than 5000 people in Merthyr and was so dominant that the British town was dubbed “Hooverville”. But since the factory closed last month, lives have been shattered.

RBA rate cuts recede further from view

Glenn Dyer April 21, 2009

The Reserve Bank has confirmed that it has lowered its economic forecasts confirming earlier signals.

Australia must maintain a triple-A rating

Crikey April 21, 2009

Our AAA rating is the key to maintaining access to international capital markets. Keeping it must be the focus of the next budget, argues Michael Stutchbury.

Milan Report: What’s the Future For Design?

Crikey April 21, 2009

The 48th Milan Furniture Fair opens on Wednesday. But the giddy fascination with design that fueled the fair for so many years may be dissipating, sped up by the GFC.

Bank DeathWatch: two more US banks add to toll

Glenn Dyer April 20, 2009

America is now heading for its worst year for bank failure since 1993.

Will a veggie garden save you money?

Crikey April 20, 2009

Growing an edible garden is probably cost effective -- if you stick to lettuce.

It’ll cost more than $5 billion to save Pakistan

Crikey April 18, 2009

The $5 billion in aid pledges collected in Tokyo on Friday was $1 billion more than the US had expected. But Richard Holbrooke, special envoy to Afghanistan and Pakistan, says it might be only a tenth of what the nation actually needs.

Batten down the hatches: economy could get grimmer

Crikey April 17, 2009

Recovery from the recession, when it comes, will be slow and painful.

Why things are stilll baaaaad

Crikey April 17, 2009

Don't count your recoveries before they're hatched, writes Paul Krugman.