Bank of America, Wells close mergers as banking transforms

Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic...

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More economic troubles.

Less than week to read the $1 trillion bill before voting?

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Paulson blames global imbalances for credit crisis...

The Worker-Capitalist Con

Wall Street's Collapse and the Ownership Society

By PAM MARTENS

We’ve arrived at the finish line in the race to the bottom and it’s clear there are few winners: once the little fish were eaten, the big fish fed on each other (Madoff’s Ponzi scheme and assorted hedge fund frauds against the wealthy). Now the big fish have no where else to feed but at the government’s bailout trough, transferring the debt-ownership society to our children. Continue

BofA Buys Merrill, Wells Fargo Buys Wachovia

Mass Unemployment To Take Center Stage

Euro's Bitter Sweet 10th Anniversary

Hard Choices For Future Of Capitalism

How The Entire System Nearly Crashed

IMF Agrees To $2.5B For Belarus

US Auto Bailout Skidding Downhill

440 Europe Retail Chains To Fail In First Q

Wall St - Worst Year Since Depression

US Mtge Rates Fall To Lowest In 30 Years

Definitive Proof BoE Saw Crisis Coming

Hmm...So Where's All The Money, Bernie?

$32B Flees Hedge Funds In November Alone

World Markets Suffer Worst Year Ever

US Housing Falls At Fastest Rate In History

Bankruptcies To Hit Record In 2009

Was the "Credit Crunch" a Myth Used to Sell a Trillion $cam

Even as the media continue to repeat the claim that credit has frozen up, evidence has emerged suggesting the entire story is wrong.

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Can aircraft trails affect climate?

When all commercial air traffic in the United States was grounded after the terrorist attacks of 11 September 2001, scientists got an unexpected opportunity to test ideas about the climate effects of the condensation trails left behind by jets.

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Is the Euro the New Dollar?

The euro turns ten on Jan. 1, a milestone for one of the most powerful symbols of European identity. It's a remarkable achievement for a currency whose only global rival is the U.S. dollar. European Commission President José Manuel Barroso credits the euro for delivering lower inflation, "To put it simply, the euro works."

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Now Where'd I Put That $700 Billion?

Government officials overseeing a $700 billion bailout have acknowledged difficulties tracking the money and assessing the program's effectiveness.The information was contained in a document, released Wednesday, of a Dec. 10 meeting of the Financial Stability Oversight Board.

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More economic troubles.

Government aid could save newspapers, spark debate...

Stocks suffer worst year since Great Depression; Financial sector down 57%...

US rescue averted 'financial collapse'...

Treasury May Provide Funds for Any Company Deemed Crucial to Auto Industry...

Piggy banks fly off shelves...

CASH CRUNCH: Many partying at home...

The Worker-Capitalist Con

Wall Street's Collapse and the Ownership Society

By PAM MARTENS

We’ve arrived at the finish line in the race to the bottom and it’s clear there are few winners: once the little fish were eaten, the big fish fed on each other (Madoff’s Ponzi scheme and assorted hedge fund frauds against the wealthy). Now the big fish have no where else to feed but at the government’s bailout trough, transferring the debt-ownership society to our children. Continue

Russia to cut gas supply to Ukraine: The CEO of Russia's state gas monopoly Gazprom has said Russia will cut off all gas supplies to Ukraine on Thursday morning.

Wall St - Worst Year Since Depression

US Mtge Rates Fall To Lowest In 30 Years

Definitive Proof BoE Saw Crisis Coming

Hmm...So Where's All The Money, Bernie?

$32B Flees Hedge Funds In November Alone

World Markets Suffer Worst Year Ever

US Housing Falls At Fastest Rate In History

Bankruptcies To Hit Record In 2009

Ukraine's Past-Due Gas Bill Worries Europe

China Blue Collar Heads Back To Farms

US Consumer Confidence Falls To All-Time Low

Home Prices In 20 Cities Drop 18% In October Alone

Holiday Sales Drop = Bankruptcies, Closings

Nikkei Slumps To Worst Year Ever

Japan Banks May Get $110B Bailout

50% UK Middle Class Fear 2009 Home Repo