Friday, April 11, 2008

More economic issues

Gas Hits $4 In Chicago...

GE Posts Lower 1Q Profit, Cuts Outlook...

Soros envisions future where dollar no longer main currency...

Truckers protest fuel price at Capitol...

Longshoremen to close ports on West Coast to protest war occupation: Amid this political atmosphere, dockworkers of the International Longshore and Warehouse Union have decided to stop work for eight hours in all U.S. West Coast ports on May 1, International Workers' Day, to call for an end to the war occupation.

IMF says US crisis is 'largest financial shock since Great Depression: America's mortgage crisis has spiralled into "the largest financial shock since the Great Depression" and there is now a one-in-four chance of a full-blown global recession over the next 12 months, the International Monetary Fund warned today.

WaMu gets $7 billion infusion, cuts jobs, sees big loss: Washington Mutual Inc (NYSE:WM - News), the largest U.S. savings and loan, said on Tuesday it obtained a $7 billion capital injection from private equity firm TPG Inc and other investors, but that mortgage problems will lead to a $1.1 billion quarterly loss and the elimination of 3,000 jobs.

US trade deficit jumps to 62.3 billion dollars : The US trade deficit rose to 62.3 billion dollars in February from 59 billion a month earlier, as imports surged despite a weak dollar, the Commerce Department said Thursday.

Credit Default Swaps - Derivative Disaster Du Jour

Bernanke Joins G7 To Stem Global Meltdown

Economic Rogues Run Amok

Gold Output Falls 28%

Fed To Issue DEBT When 'Money' Gone

Jim Rogers Sees The Failure Of The Fed

Pound Falls To Record Low Against Euro

IMF - US Crisis Biggest Since Great Depression

Is The Fed Terrified?


Bank Details 'Being Sold For $10 On The Internet'


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