Life the Universe and ....: More economic issues

PELOSI PROPOSES $825B STIMULUS... TOP DEM APPROPRIATOR: MIGHT NOT BE ENOUGH... BOEHNER: 'OH MY GOD'...

CITI STOCK SCARE; NEW DRAMA HITS FINANCIALS... SICK SPREADS TO BANK OF AMERICA; NEW BAILOUT... FEAR...BLACK ANGUS Steakhouse Files for Bankruptcy as Diners Stay Home...

Schwarzenegger to Offer 'Very Somber' California State Speech...

Stimulus, Schmimulus

Fiscal Lifejacket or Money Down a Rathole

By Mike Whitney

Getting a stimulus bill signed and implemented is urgent. It shouldn't be delayed until February, which is what the Republicans are calling for. The economy is in deep trouble now and its going to get worse. Continue

China now world’s third largest economy: China passed another milestone in its stunning rise on Wednesday when new data showed it had leapfrogged Germany in 2007 to become the world’s third-largest economy.

Fear grips banking sector as Barclays cuts 2,100 more jobs: Barclays announced plans to cut a further 2,100 jobs at its retail and commercial banking business, taking its total job cull over the past week to almost 5,000

Foreclosures soar 81 percent in 2008: U.S. foreclosure activity jumped 81 percent in 2008, with one in every 54 households getting at least one filing notice, suggesting various state laws and private programs to slow the process have been ineffective, RealtyTrac reported on Thursday.

Chrysler extends shutdowns at 3 plants: Chrysler LLC said on Thursday it would extend its month-long shutdown of its manufacturing operations at three plants, citing weak U.S. vehicle demand.

Saks to cut 9 pct of workforce, slash spending: Department store chain Saks Inc (SKS.N) said on Thursday it would cut 9 percent of its workforce, lower capital spending and reduce other costs as demand for luxury goods declines in the tough U.S. economy

Fiscal Lifejacket Or Money Down A Rathole

Motorola To Cut 4,000 More Jobs

Foreclosure Filings Up 81 Percent In 2008

ECB Rate Cut Expected - Crisis Worsens

JPMorgan Chief - 2009 To Be Bleak

BofA Wants More Bailout Money

Bullet Proof Vest Clad Madoff Bail Upheld

Fear Rampant - Barclays Cuts 2,100 More Jobs

Gannett Employees Face Week Without Pay

FTSE 100 Joins Global Rout Of Markets

UK Jobless Rise Of 40,000 In Just One Week

UK Car Buyers To Get Govt-Assisted Credit