Thursday, December 11, 2008

More economic issues


One word snags it?

NPR lays off 65...

Capitalist Fools

By Joseph E. Stiglitz

Behind the debate over remaking U.S. financial policy will be a debate over who’s to blame. It’s crucial to get the history right, writes a Nobel-laureate economist, identifying five key mistakes—under Reagan, Clinton, and Bush II—and one national delusion. Continue

Foreclosure Storm Will Hit U.S. in 2009 as Loan Changes Fail: U.S. foreclosure filings climbed 28 percent in November from a year earlier and a brewing “storm” of new defaults and job losses may force 1 million homeowners from their properties next year, RealtyTrac Inc. said.

8 really, really scary predictions: Dow 4,000. Food shortages. A bubble in Treasury notes. Fortune spoke to eight of the market's sharpest thinkers and what they had to say about the future is frightening.

Black Hole AIG Needs Another $10 Billion: After all the money AIG's had shoveled at it, why does it need another $10 billion?

Fed Going To Selective Default And Devaluation?

Forbes - Wall St Investment Houses 'Banksters'

Interest On US T-Bills Falls To Zero

Interest Rate On US T-Bills Goes Negative

Britain A Worse Credit Risk Than McDonalds

Pound Hits Record Low Against Euro

0% Int Rate Looms - Economy Shrinks Double Speed

Worst US Spending Slump Since 1942

GMAC Not Yet Qualified To Be Bank

Global Demand For Oil To Plummet

Greece - Eurozone's Weakest Link Cracks

Rio Tinto Cuts 14,000 Jobs - $39B In Debt

World Econ May Shrink First Time Since 1945

Maersk - Shipping Industry Needs Lifejacket

Boom Years Over For Chinese Exports

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