COMPANIES START COMPETING FOR BAILOUT CASH...
'Out of Control' CEOs Spurned Davos Warnings on Risk...
Wall Street workers leaving NYC for fresh start...
Oil falls to $63 as investors eye falling demand...
Down For The Count
"The whole system is contracting"
By Mike Whitney
The US Treasury and Federal Reserve are now underwriting the entire financial system. The free market has been abandoned altogether. Everything from commercial paper to money markets is now backed by the "full faith and credit of the United States". Continue
Meet the World's New Reserve Currency
The Chinese Yuan
By Mike Whitney
Things are getting worse. On Friday morning, futures trading was halted for the first time ever after futures plunged more than 5 percent. The sell-off came after another 500-plus down day on the Dow followed by steep declines in equities markets across Europe and Asia. Continue
The Grand Merger!
By Rev. Richard Skaff
Lawlessness in government has become the rule of the land. Loyalty to the party superseded the loyalty to the country, which is a déjà vu phenomenon in the archives of fascism. The stench of our political sewage system has contaminated our nation and the world. Mendacity became truth, and manipulation became intelligence and virtue. Continue
Signs of slowdown spiral around the world: $16.3 trillion in stock value lost since Sept. 1; some brokers fear more drops
Wall Street's 'Disaster Capitalism for Dummies'
14 reasons Main Street loses big while Wall Street sabotages democracy
By Paul B. Farrell
Yes, we're dummies. You. Me. All 300 million of us. Clueless. We should be ashamed. We're obsessed about the slogans and rituals of "democracy," distracted by the campaign, polls, debates, rhetoric, half-truths and outright lies. McCain? Obama? Sorry to pop your bubble folks, but it no longer matters who's president. Continue
May Fall to $40s...