THE GLOBAL GAMBLE...
'Bail-out plan to save the world'...
'The USA will lose its superpower status'...
Aussies joke - and hope - that China can save capitalism...
NYC National Debt Clock runs out of digits...
Sheriff in Chicago won't evict in foreclosures...
COPS: FRUSTRATED INVESTOR THREATENS TO BLOW UP BANK...
"To the Bunkers!":
Central banks slash rates in emergency "midnight" meeting
By Mike Whitney
The United States is headed into another Great Depression and has probably dragged the rest of the world along with it. The global financial system will look very different by the time we reach the other end of the tunnel. Continue
Ready to Carry Out "Crowd Control"
By Naomi Wolf
Members of Congress were told they could face martial law if they didn't pass the bailout bill. This will not be the last time. Continue
The Debate That Made No Difference
By Timothy V. Gatto
If what happened last night is any indication of what is in the future for America, we may as well brace for it. There was no mention of civil liberties being returned to Americans, no lessoning of the military budget that brought us into this debt, along with the declining housing market. Continue
The Financial Crisis Could be the Euro's Death Knell ...
and even end the shambolic EU
By Christopher Booker
The truth is that this massive banking crisis has exposed the hollowness, the impotence and the hypocrisy of the European Union like nothing before in its history. Continue
Brazil, Argentina abandon US dollar: Brazil and Argentina have launched a new payment system in their bilateral trade, doing away with the US dollar as a medium of exchange.
IMF: World economy to slow sharply, led by US: "The world economy is now entering a major downturn in the face of the most dangerous shock in mature financial markets since the 1930s," the IMF said in its report.
Russian stock exchanges shut down until Friday as prices plummet: The RTS and MICEX stock exchanges halted trading until Friday after opening for barely more than half an hour on Wednesday as prices plummeted in tune with the overall situation in the world's stock markets and falling oil prices.
FTSE falls 2.6 percent on commodities;: Britain's top share index slid 2.6 percent by midday on Wednesday as recession fears stemming from a credit crisis battered commodity stocks
Central banks cut interest rates: The US Federal Reserve on Wednesday cut its key interest rate by half a percentage point, as did the European Central Bank, Bank of England and Swiss, Canadian and Swedish central banks.
Bush to America: Hang in there: President Bush on Tuesday told a country engulfed by dire economic news that it should not expect a sudden recovery, but rather a gradual rebound that will test people's patience.
'Economic 9/11' exacting grim psychological toll in US: The murder-suicide of a Los Angeles financial manager who shot dead five members of his family before killing himself has highlighted the psychological toll of the economic meltdown.
Retirement accounts have lost $2 trillion so far: Americans' retirement plans have lost as much as $2 trillion in the past 15 months — about 20 percent of their value — Congress' top budget analyst estimated Tuesday as lawmakers began investigating how turmoil in the financial industry is whittling away workers' nest eggs.
US Economy Collapsing - Vid