In a final slap to the family that founded mall giant General Growth Properties, the overseers of the bankrupt company have decided against giving the Bucksbaums any representation on the company’s boards or executive offices.

Markets news on stocks, currencies and oil; US GDP revised up; Weekly jobless benefit claims fall.

Irish loan draw-downs relating to house purchase were higher than repayments in August 2010. Meanwhile, Irish banks had borrowing of €60.4bn from the European Central Bank.

China stepped up its rhetoric on the possible introduction of a real-estate tax on residential properties Thursday by describing such a move as a necessary step toward restructuring the economy and promoting healthy and genuine demand for housing.

Eurozone annual inflation is expected to be 1.8% in September 2010 according to a flash estimate issued by Eurostat, the statistics office of the European Union. It was 1.6% in August.

Builders of manufactured homes missed out on the great American housing boom. Now some of them hope their industry has finally stopped imploding.

Markets news on stocks, currencies and commodities;  US House of Representatives votes to sanction China for currency undervaluation.

Irish Bank Rescue: The Government announced this morning a final estimate for the cost of the Anglo Irish Bank bailout of at least €29.3bn; AIB will require an additional €3bn in funding and Irish Nationwide will receive an additional  €2.7bn . Ireland’s General Government Debt to GDP (gross domestic product) will rise to to 98.6% this year.

Principal news stories from the Irish Independent, Irish Times, Irish Examiner, Financial Times and New York Times.

Minister of Finance Brian Lenihan has warned that the the failure of the nationalised former builders’ bank Anglo Irish Bank would “bring down” the country, as the Financial Regulator and Department of Finance prepare to disclose the total cost of rescuing the lender that is being prepared to be wound down over several years.