Gas Prices Hit New Record...
Oil Nears $110 a Barrel...
$200B MORE: Fed Easing Liquidity in Funding Markets...
DOW UP OVER 400...
Best one-day rise since 2002...
Foreclosures becoming 'nightmare' for cities...
The War and the Recession
By Dean Baker
The economy is shedding jobs at a rapid pace and it is only a matter of time until we see the unemployment rate rising. In addition to greater difficulty finding jobs, workers can look forward to falling wages and reduced access to health care insurance and pension coverage. Continue
Army's $200 Billion Reboot Fizzles; Murtha Wants $20 Billion More: Pump another $20 billion into the sickly, $200 billion behemoth "Future Combat Systems" before it drops dead under its own weight.
Government report forecasts US recession: A US government report on Tuesday forecasted for the first time that the country’s economy would enter recession in 2008.
Many more going bankrupt: With house values still in decline, said Jack Williams, a scholar at the American Bankruptcy Institute, bankruptcy courts will be busy again in 2008. "It's going to be a lot worse before it gets any better," he said.
Derivatives the new 'ticking bomb': A massive new derivatives bubble is driving the domestic and global economies, a bubble that continues growing today parallel with the subprime-credit meltdown triggering a bear-recession.
Oil Zooms To Over $109 A Barrel
Stocks Zoom 415 - Biggest 1 Day Jump In 5 Years
Hundreds Of Billions Pumped Into Credit Mkts
Yamana Sees Gold At $1,500 This Year
Foreclosures Becoming 'Nightmare' For Cities
US Gasoline Hit All-Time Record
Dollar Dives As Fed Plans Further Rate Cuts
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