Tuesday, July 22, 2008

More economic issues

DISASTER: WACHOVIA has $8.9B loss, cuts 6,350 jobs...


SWIPED OUT: AMERICAN EXPESS Profit Drops; More Cardholders Default...

Ex-con sues AmEx, says it aided search for him...

Drilling Ourselves Deep In A Hole

By Firmin DeBrabander

We, aim to squeeze more oil from a taxed planet, and further entrench ourselves in our sorry addiction. This nation’s repeated gambles on oil will likely cost American prosperity—and superiority—in the 21st century. Continue


Death of Free Internet is Imminent

Canada Will Become Test Case

By Kevin Parkinson

The plan is to convert the Internet into a cable-like system, where customers sign up for specific web sites, and then pay to visit sites beyond a cutoff point. Continue


Reuters: Russian Companies Now Own 10% of U.S Steel Industry: The weak dollar has made many U.S. companies cheap in comparison to their counterparts in the Euro zone, and many wealthy Russians are purchasing luxury properties in the U.S. for the same reason.

US food groups plan hefty price rises: : US food prices have jumped 5.3 per cent for the year ending in June, the Department of Labor reported last week. - The increase in food prices was steep in June, when they moved up 0.8 per cent compared with 0.3 per cent in May.

American Express Profit Falls On Higher Defaults

World Economy At Point Of Maximum Danger

Hundreds Of Thousands Face Job Loss In UK

UK House Sellers Forced To Drop Prices

Economic Tremors In West Reach China

Paulson Says US Banks Safe And Sound (!)

Fed Asks For Blank Check For Fannie, Freddie

UK Economy Heads For 'Horror Movie'

Recession Next Year - Things Will Only Get Worse

Global Financial Crisis Worst Since Great Depression

At Freddie Failure Pays Big - $20M To CEO

Freddie, Fannie Problems Just A 'Perception' Issue

US Financial Break Point Soon

Swan Song For Fanny Mae

Business Bankruptcies Skyrocket

Taxpayer Can Bear No More Admits UK Govt

UK House Prices To Drop 20% In Two Years

George Soros Buying Gold

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