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

GE shareholders outraged over MSNBC bias; Microphone cut off...GM TO CLOSE MOST FACTORIES FOR SUMMERGM Plans to Skip $1 Billion Debt Payment... Top exec says economic crisis resetting capitalism...
'FREDDIE' MONEYMAN FOUND DEAD... ... security guard had been posted outside home CONSPIRACY THEORIES FLOURISH...

Merkel Rejects Expanding German Stimulus Program; Economic Data Worsens...NEW YORK TIMES DOWN TO $34 MILLION IN THE BANK... $1,300,000,000 IN DEBT... Sen. Kerry aims to rescue newspapers; Calls for hearings on BOSTON GLOBE...

A 'very sweet deal'?
Senator's Husband's Firm Cashes in on Crisis

By Chuck Neubauer

On the day the new Congress convened this year, Sen. Dianne Feinstein introduced legislation to route $25 billion in taxpayer money to a government agency that had just awarded her husband's real estate firm a lucrative contract to sell foreclosed properties at compensation rates higher than the industry norms. Continue

UK: Economy will shrink at its fastest pace since 1945 : Darling unveils 50% top tax rate: : Alistair Darling has announced a new top tax rate of 50% for those earning more than £150,000 from next April.

World finance losses 'top $4tn': Of the $4.1tn, an estimated $2.7tn comes from losses suffered from US financial institutions, the IMF said on Tuesday, double what it estimated six months ago.

GM Defaults: The company's CFO says the firm will not make its June 1, $1 billion debt payment reports WSJ.

The Housing Bust Takes Center-stage

By Mike Whitney

The housing market is going under and it's going to drag a good part of the broader economy along with it. Stocks, too. Continue

Stock Market Bulls Have Got it Wrong, Warns Nouriel Roubini

'Dr Doom' predicts further shocks in the market

By Nick Clark

Nouriel Roubini, the so-called "arch bear" economist who predicted the current financial crisis in 2006, added further gloom yesterday after he wrote off recent rises in global stock markets as no more than a dead cat bounce. Continue

Big Bank Profits are Bogus!

Massive public deception!

By Martin D. Weiss, Ph.D.

First, I’ll give you the big-picture facts. Then, I’ll show you how big U.S. banks are painting lipstick on some of the fattest pigs ever raised. Continue

When We Are Led to Believe a Lie

Gregg Shotwell

We are led to believe a lie when leaders degrade labour in honor of false profits. Continue

UK retail inflation turns negative: Britain's annual retail price inflation rate has given its first negative reading in almost 50 years, official figures have revealed, sparking fears of deflation in the recession-hit country.

Meltdown losses of '$4 trillion': The International Monetary Fund (IMF) has warned credit crunch losses could reach $4 trillion (£2.75tn), damaging the financial system for years to come.

Obama Proposes $100 Billion Loan for I.M.F.:- President Barack Obama Monday proposed a $100 billion U.S. loan to the International Monetary Fund to boost the IMF's war chest and urged a bigger stake in the IMF for emerging powers like China and India.

Profits rise at Bank of America: The bank said on Monday it earned $4.2bn in the first three months of 2009, compared to a $1.02bn profit in the same period a year ago.

Big banks have a big credit problem: BofA managed to post the big profit even as it set aside more than $6 billion to cover future loan losses. The bank's loan loss reserve now stands at $30 billion -- double its year-ago level.

Goldman Sachs Shook Tens of Billions Out of Tax-Payers -- Now They're Whining All the Way to the Bank

The Mighty Debt-Purge Of 2009

Cook - Our Money System - State Of Permanent Siege

China Vs America - A Visual Comparison

12 Major US Brands Predicted To Disappear

Freddie Mac CFO Dead - 'Suicide'

Global Bank Losses To Hit $4T Says IMF

Japan Hits First Trade Deficit In 30 Years

Majority Irish Expect Summer Civil Unrest

China Warns US On Protectionism

Volvo To Cut More Than 1,500 Jobs

Sweden Cuts Rates To Record Low Of 0.5%