Life the Universe and ....: More economic issues

GE chief warns on USA depression threat...

USA Must Spend Trillions to Avoid Entering 'Mini Depression'...GERMAN BANK FIRST LOSS SINCE WWII; REJECTS STATE AID... Moscow abandons bail-outs for bank aid... Bank of England cuts rates to historic low of 1%...

Watchdog: Treasury overpaid for bank stocks... GOLDMAN, JPMORGAN Won't Feel Effects of Salary Caps...

Treasury in plans for record debt sale...

Chicago mayor refuses to release stimulus project list...

Mexico’s Central Bank Intervenes to Halt Peso Slide: The intervention is an “extraordinary” measure beyond the bank’s normal offer to buy $400 million worth of pesos a day, the press office said.

Striking workers stand firm on British jobs: Day eight of the unofficial strike action over the use of foreign labour at Lindsey Oil Refinery would see no let up in the battle which has seen walkouts across the UK.

Panasonic announces 15,000 layoffs: The Osaka-based company forecast on Wednesday that it would shed about five per cent of its workforce and register a loss of $4.2bn for the fiscal year ending in March

Private Sector Cuts 522,000 Jobs in January: U.S. stock index futures gained more ground after the data. U.S. government bonds, which usually benefit from weak economic data, pared their gains after the ADP report.

Auto sales hit 27-year low: - U.S. auto sales plunged to a 27-year low in January, a steeper-than-expected drop that took the slumping U.S. market below China's for the first time.

Foreclosures Now One in Five Home Sales: The declines mean that U.S. homeowners lost a cumulative $3.3 trillion in home values during 2008, with much of that loss coming in the fourth quarter.

Obama: Catastrophe Coming If Stimulus Not Passed: President Obama said Wednesday the recession will turn into "a catastrophe" if the economic stimulus is not passed quickly, lobbying anew for the plan as its price tag climbed above $900 billion and drew more criticism.

Acts Of Insanity Destroyed The Economy

Jobless Claims Surge To 626,000

Grim January For Most US Retailers

BofA Shares Drop Below $4

Richard Cook Open Letter, Challenge To Stiglitz

500,000 More US Jobs Lost In January

Pelosi - Pass Stimulus Or '500M Will Lose Jobs'

Poll Points Finger At Greenspan

Brown - World Heading For Depression

UK Interest Rates Down To 1%

Major UK Retail Investor Collapses

Bailed-Out RBS Chiefs Millions In Bonuses