UK: Market fears that Bank has 'lost control': Experts warned that it was a sign that the credit crisis could escalate over the Christmas period, even though the Bank has now embarked on a major series of interest rate cuts for the first time in almost eight years.
U.S. Holiday Sales Drop for Second Week : U.S. retail sales dropped for the second straight week as consumers postponed holiday gift purchases during what may be the worst holiday shopping season in five years.
In pockets of foreclosure, housing woes spread block by block: It's a sign of the home-loan crisis' uneven impact: light in some areas, heavy in others – often those populated by minorities or the lower-middle class.
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