Economy

(CNN) – Unemployment taxes slam businesses

Employers are getting hit with a massive tax hike at a time when they can least afford it. Read More Here

(ABC) – Australia close to defaulting on debts: Joyce

Opposition finance spokesman Barnaby Joyce is courting controversy again, warning that Australia is getting to the point where it will not be able to repay its overseas debt. Read More Here

(WSJ) – No Exit in Sight for U.S. As Fannie, Freddie Flail

When Charles E. Haldeman Jr. became Freddie Mac’s chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It’s likely to need even more. Read More Here

(ABC) – Job Openings Plunged by One-Quarter Last Year

Finding a job got much tougher last year, as the number of available openings fell by nearly one quarter. Read More Here

(OpEdNews) – Globalization Is Killing The Globe: Return to Local Economies

Globalization is killing Europe, just as it’s already wiped out much of the American middle class. Read More Here

(PressTV) – Germany’s exports in 2009 tumbled 18.4%

Germany’s economy has received another blow as new data show the country’s merchandise exports fell 18.4% in 2009, the sharpest decline in decades. Read More Here

(Guardian) – Thousands to lose jobs as universities prepare to cope with cuts

Universities across the country are preparing to axe thousands of teaching jobs, close campuses and ditch courses to cope with government funding cuts, the Guardian has learned. Read More Here