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

FANNIE plans bonuses of up to $611K for 4 execs... Developing... AIG boss asks bonus recipients to return half the cash... *Concerned for safety of employees; doesn't want to disclose names... Hedge Funds May Get AIG Bailout Cash... VIDEO: Taxpayers Gather In Cities To Protest Spending, Growing Debt... WIRE: Obama May Find Anger Backfires... Dodd says, I was responsible for AIG bonus loophole... SUPER PUMP: $1 TRILLION CREATED OUT OF THIN AIR

Fed launches bold $1.2T effort to revive economy... STOCKS JUMP...

How To Destroy the Government in Three Easy Steps

By Joe Brewer

Here's your very own how-to manual for getting Big Government out of the way so you and your buddies can horde all the wealth to yourselves and build your empire.. Continue

The Parable of the Shopping Mall

By Alexander Cockburn

The savage reverses for capitalism, the gaping wounds in its pretensions, comprise the single most salient feature in the world today. Whether in the collapse in the western banking system, the agonies of post-Soviet economies like the Baltic and Eastern European Republics, the rubble of Indian neo-liberal policies, the economic mantras of an entire generation are going up in smoke. For the left it should be a time of unrivalled opportunity. Continue

Those Hit Hardest Get No Bailout

By Amy Goodman

Obama has surrounded himself with financial advisers who are too cozy with Wall Street, like Summers and Geithner. It's time to direct the stimulus to the people who need it, to those whose tax dollars are funding it. Continue

The Failed Presidency of Barack Obama

By TA Frank

How the president's timid response to the economic crisis failed to capture America's populist outrage. Continue

Veterans Groups Denounce Private Insurance Proposal: An Obama administration proposal to bill veterans' private insurance companies for treatment of combat-related injuries has prompted veterans groups to condemn the idea as unethical and powerful lawmakers on Capitol Hill to promise their opposition.

Russia wants to start debate on new reserve currency at G20: Russia is proposing that discussions into the possibility of creating a new world reserve currency are initiated at the upcoming G20 summit in London, a government source said on Wednesday.

UK: Two million jobless for the first time in 12 years: The number of people claiming jobless benefits rose by the largest amount on record last month, official data showed, and total unemployment rose above two million for the first time since 1997.

Caterpillar to lay off 2,454 workers in 3 states:, - Caterpillar Inc. on Tuesday announced plans to lay off more than 2,400 employees at five plants in Illinois, Indiana and Georgia as the heavy equipment maker continues to cut costs amid the global economic downturn.

AIG seeks 50% refund on bonuses: The AIG boss has admitted mistakes made at the insurer and called on the recipients of lavish bonuses to return half of the money.

Hang The Bastards

'Stimulus, A Debtors Lament' By FloWhite - Vid

Gold Rises 4% On Fed Announcement

Mortgage Rates To Fall Further

Fed Launches $1.2T Effort To Revive Economy

FDIC Failed To Collect Premiums For Years

Dodd Reveals Obama AIG Bonus Con!

Fed To Buy $300B Of Treasuries (With Our Money)

UniCredit Seeks £4B Rescue

Brazil Prez - G7 No Longer Speaks For World

Ford Cuts Production In Europe

BMW Slashes Pay As Profits Plunge