FEDS: NO RECESSION; ECONOMY GROWS 0.6%... Three Chinese banks in world's top four...
McCain promises billions in spending...
COLD: STARBUCKS Earnings Sink 21% ...
Fewer Latino immigrants sending money home...
GM posts loss of $3.3B on weak auto market...
MORE CASH NEEDED: CITIGROUP to sell $4.5 billion in stock...
EU bails out German bank for $7.8B...
US central bank slashes rates : The US central bank has cut interest rates by a quarter-point from 2.25 per cent to two per cent.
The Housing Market is Nowhere Near Bottom: Housing is what started the current mess we are in. Thanks to record low interest rates from the Federal Reserve, the US consumer went on a debt-induced home buying binge. That binge is now coming home to roost. And it's not going to let up for the foreseeable future.
Sleepwalking Toward The Oil Chasm
US Housing Prices Post Record Declines - Chart
UK House Prices 1st Annual Fall In 12 Years
US Woes 'Pushing UK Into Spiral Of Decline'
Citi Seeks An Extra $3 Billion
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