Bush Says Sense of 'Near-Panic' Easing...
Leading economic indicators riser...
Gas under $3 for first time since Feb...
THREE OIL COUNTRIES FACE RECKONING...
Millionaire hedge fund boss thanks 'idiot' traders -- and retires at 37!
Where Inflation Came From
By Paul Craig Roberts
Anyone who has been alive very long is aware that the US government has failed on the inflation front. Soft drink machines that once delivered a bottled drink for a nickel now charge a dollar, a twenty- fold increase in price. Continue
A crisis sparked by the world's rich will have the poor paying the highest price: Our worries about jobs or pensions pale beside the fallout Africa and Asia now face in this absurdly skewed global system
A financial new world order?: When President Bush hosts a world financial summit in the coming weeks, one of the least multilateral American presidents in decades will set in motion what could result in a full reordering of the global financial system.
Bernanke eyes new stimulus package: Ben Bernanke, the chairman of the US federal reserve, has suggested a second "stimulus package" could be used to stave off an economic slowdown.
Banks braced for Lehman Brother's debt insurers' deadline: Financiers enjoying a respite from the panic of the past few weeks should brace themselves for further mayhem tomorrow, the deadline for insurers of Lehman Brothers' debt to pay up on billions of dollars of policies.
Millions of Homeowners Are in Desperation Mode ,: With almost 1 in 6 homeowners dealing with a troubled mortgage, we need a rescue plan fast or else face a huge social problem.
Home prices to fall another 10 percent: Fitch: National home prices have declined a full 22 percent from the peak hit in 2006, the agency said in a note. Fitch has a peak to trough forecast for prices to decline 30 percent.
Report: Circuit City may close at least 150 stores and slash thousands of jobs: A report in the Wall Street Journal said people familiar with Circuit City's plans said the store closings and job cuts could allow the retailer to liquidate $350 million in inventory that could be used to pay real-estate costs, including leases on abandoned sites.