Saturday, January 03, 2009

More economic troubles.

Obama Says Unemployment May Exceed 10% Without Rapid Steps on Economy...
Treasury to mull more CITI-style rescues...


DEM GOVS WANT $1T

Stocks in Best Start to Year Since 2003...

STEEL INDUSTRY WANTS GOV'T MONEY...



Congress faces 'intense' start...

Less than week to read the $1 trillion bill before voting?

The Crisis of Common Sense:

Is It So Difficult To Understand The Financial Crisis?

By Matthias Chang

Many have expressed to me that they are overwhelmed by the complexity of the global financial tsunami and are absolutely confused as to how to prepare and survive the crisis. When I explained in simple terms, they refused to accept the explanations as to them “it was too simple. It must be more complicated as otherwise how can the crisis become a global fiasco? Continue


10 Reasons to be Hopeful about 2009

3 Reasons to be Terrified

By Sarah van Gelder

We’re entering a new year at a time unlike any other in recent memory. Here are 10 reasons I’m filled with hope as I look ahead at 2009—and three reasons I’m terrified. Continue


Bank of America, Wells close mergers as banking transforms: Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic times ahead.

Survey: Recession will worsen in the months ahead: The recession will worsen and unemployment rates will likely soar in nine Midwest and Plains states over the next few months, but a new survey of business leaders suggests the region may fare better than the nation as a whole.

Chrysler Gets Initial $4 Billion Loan From Treasury : Chrysler LLC, burning through cash as sales slide, received $4 billion in an initial loan from the U.S. Treasury to help stave off a collapse that could worsen a recession.

US Manufacturing Slumps To 1980 Low

Gulf Council To Create New Currency

2008 Humiliating For Investors - Outlook Grim

Ten Major Threats Facing Dollar In 2009

In Gold We Trust

GMAC Bailout - A Sign of the Times

US Govt Sanctioned Gold Price Manipulation

US Treasury Making Subprime Auto Loans

Thrift Stores Boom In Fading Economy

Waste Not - Lessons From 1940s Austerity

US Takes Control Citigroup Expenses

True Scale Of Pension Fund Losses Hidden

Microsoft To Announce 15,000 Job Losses

Economists Warn Of Doom

UK Home Prices In Record Drop In 2008

BofA Buys Merrill, Wells Fargo Buys Wachovia

Mass Unemployment To Take Center Stage




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