World’s banks hit for $30billion in credit crunch : THE world’s investment banks are to reveal a $30 billion (£14.9 billion) hit from bad debts as they unveil results that give the first real insight into the impact of the debt crisis.
Economic Crisis: The U.S. Political Leadership Has Failed: As the 2007 economic collapse picks up speed, it’s time to take a hard look at the performance of the U.S. national political leadership in meeting some of their most fundamental responsibilities. It’s time to face the fact of serious failure over the last quarter century.
Credit crisis: Meltdown! : In the past 100 years, the rollercoaster ride that is the world of high finance has seen some spectacular lows. Sean O'Grady looks back at four episodes that not only came to define their times but also served as lessons for the future
Fears grow for British economy as panic over Northern Rock spreads: Experts warn that a decade-long borrowing binge has left Britain dangerously exposed to the fallout from the global liquidity crisis
US health insurance costs rise nearly twice as fast as pay: survey : The cost of health insurance in the United States climbed nearly twice as fast as wages in the first half of 2007, with family coverage costing employers around 1,000 dollars (714 euros) a month.
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