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

CITI: Jobless To Pay Less on Loans... OBAMA READY TO TALK 'GLOBAL NEW DEAL' WITH UK PM; SECURITY FOR FAMILIES IN 'EVERY COUNTRY'... BROWN: 'The special relationship is going global'...

Mass. Governor proposes adding $2 'carbon fee' to airport parking...FEAR: HOW LOW WILL IT GO?... Global Stock Rout... Dow's Lowest Close Since April 1997... BANK OF AMERICA CEO says taking $20B was 'mistake'... PUMP: AIG Gets More Aid After Record Loss... Ukraine risks unrest as ills worsen; Cash withdraw not available at banks... REUTERS: Bailouts may CAUSE a recession...

“The Last Picture Show”

President Barack Obama’s Fiscal Year 2009 Budget

By Richard C. Cook

You may ask, should we just be “giving away money?” My answer is that if the banks can create trillions of dollars in credit out of thin air for lending, why can’t the government create it for the people? Continue

"The World Is A Business"

4 Minute Video

We no longer live in a world of nations and ideologies, Mr. Beale. The world is a college of corporations, inexorably determined by the immutable bye-laws of of business. Continue

Sermon from the Corporate Church

By Peter Chamberlin

The belief, that property is more valuable than human life itself, is the basis of humanity’s current problems. Capitalism, the embodiment of this belief, is in its death throes. Continue

UK: MI5 Alert On Bank Riots: TOP secret contingency plans have been drawn up to counter the threat posed by a “summer of discontent” in Britain.

Factory downturn 'accelerating': Manufacturers in the UK cut jobs and output at a record pace in February, according to the latest Purchasing Managers' Index (PMI).

HSBC to raise US$17.7 billion, will cut 6,100 U.S. jobs as profits fall: — HSBC PLC, Europe's largest bank by market value, reported Monday a 70 per cent drop in 2008 net profit and said it would raise US$17.7 billion in a share issue, while cutting 6,100 jobs as it shuts down its consumer loan businesses in the U.S.

US takes another crack at AIG rescue: Wracked by turmoil in the credit markets, the insurance giant posts $62 billion quarterly loss. Government amends bailout to insulate financial system.

Buffett says U.S. Treasury bubble one for the ages: - Warren Buffett, whose Berkshire Hathaway Inc (BRKa.N) (BRKb.N) sits on $25.54 billion (17.8 billion pounds) of cash, said worried investors are making a costly mistake by buying up U.S. Treasuries that yield almost nothing.

Moody's: Credit Card Charge-Offs At Record High In January: Credit card charge-offs reached a new high of 7.74% in January, after 7.73% in December, and the increasing number of borrowers falling behind on payments means charge-off rates are almost certain to increase as the economy worsens, according to Moody's Credit Card Credit Indices.

Worst job losses in 60 years expected: The recession tightened its grip on U.S. businesses and consumers in February, according to economists, who are predicting the largest one-month job loss in almost 60 years.

Mrs. Madoff Has $62 M 'Unrelated To Fraud'

Buffett Says Economy 'In Shambles'

Dow Below 6,800 - Lowest Close Since 1997

How Cash-Starved States Can Create Their Own Credit

Celente - Greatest Depression Underway

Cook - The Last Picture

AIG Gets New $30B Bailout After $61B 4Q Loss

HSBC To Scale Back US Lending

Pressure Mounts Over Secret HBOS Papers

RBS Pays For Goodwin's Security

140,000 UK Manufacturing Jobs To Be Lost This Year

FTSE 100 Falls To Six Year Low