Tossed package at White House ends DC 'Tea Party'...
Consumer prices first annual drop in 54 years...
US economic activity weak: Fed...
OPEC sees 'devastating contraction' in oil demand...
PAPER: Cutting back financial capitalism is America's big test; Has the US become Russia?
Is America the New Russia?
By Martin Wolf
Is the US Russia? The question seems provocative, if not outrageous. Yet the person asking it is Simon Johnson, former chief economist at the International Monetary Fund and a professor at the Sloan School of Management at the Massachusetts Institute of Technology. Continue
Wall Street Sharks Circle the UAW
By John R. MacArthur
Barack Obama's commitment to helping labor has always been suspect, but handing over the American car business to the investment banker Steven Rattner might well turn the president into the last great union buster. Continue
New wave of job losses feared across Europe: In Switzerland the country's biggest bank, UBS, is reportedly planning to axe up to 10,000 more jobs as early as next week as it struggles to regain profitability – and credibility.
Foreclosures Soar in March, Up 44 Percent Over February’s High: -Completed foreclosures hit another monthly record in March as 175,199 homes were lost to foreclosure, up 44 percent from February’s record high, according to the latest U.S. Foreclosure Index released today by ForeclosureS.com, a leading real estate information provider.
US economy goes back to 1955 as deflation returns: The US economy has begun to deflate for the first time in more than half a century as a slump in demand pushes energy and food costs lower.GM Told To Prep For 'Surgical Bankruptcy