News round-up: 13 Aug 2008

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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

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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

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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

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