All Site Content
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Wealth gap creating a social time bomb (John Vidal)
Oct. 23, 2008 (The Guardian) --- Growing inequality in U.S. cities could lead to widespread social unrest and increased mortality, says a new United Nations report on the urban environment.
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Wall Street's 'Disaster Capitalism for Dummies' (Paul B. Farrell)
14 reasons Main Street loses big while Wall Street sabotages democracy
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The Netroots Nation Online Auction is OPEN! Let The Bidding Begin!
The Netroots Nation auction is now open for bidding! Bidding will be open until October 23, 2008, with proceeds going to support that fabulous annual mecca for bloggers, Netroots Nation. We've got ...
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Greenspan: 'Credit tsunami' to have severe impact (Associated Press)
Former Fed chief Greenspan says he and others in 'state of shock' over fragile global economy
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Roubini Says `Panic' May Force Market Shutdown, Fund Failures (Alexis Xydias and Camilla Hall)
Oct. 23 (Bloomberg) -- Hundreds of hedge funds will fail and policy makers may need to shut financial markets for a week or more as the crisis forces investors to dump assets, New York University ...
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US Foreclosure filings surge 71 percent in third quarter as mortgage crisis worsens (Alan Zibel)
Oct. 23, 2008 -- WASHINGTON (AP) -- The number of homeowners ensnared in the foreclosure crisis grew by more than 70 percent in the third quarter of this year compared with the same period in 2007, ...
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Global Stocks, U.S. Index Futures Fall; Daimler, Amazon Decline (Sarah Jones)
Oct. 23 (Bloomberg) -- Stocks fell in Europe and Asia and U.S. index futures declined after Daimler AG and Amazon.com Inc. forecast slumping sales and Dow Chemical Co. predicted a global recession ...
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LEAP/E2020: Global systemic crisis Alert -- Summer 2009: The US government defaults on its debt
Oct. 16, 2008 (LEAP/E2020 ) -- In this 28th edition of the GEAB, LEAP/E2020 has decided to launch a new global systemic crisis alert. Indeed our researchers anticipate that, before next summer 2009, ...
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Why U.S. Treasury bond prices could collapse (Tom Dyson)
Oct. 20, 2008 (MoneyWeek) -- "I can't stand to sell at these levels. But I don't have any choice. I need the cash now..."
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Fiscal Cat 5 Hurricane Warning (Karl Denninger)
Oct. 22, 2008 (The Market Ticker) -- There is a very real risk that this Treasury Issue could force GDP return on new debt below zero. If that happens then the stability of the monetary system ...
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CDO Cuts Show $1 Trillion Corporate-Debt Bets Toxic (Neil Unmack, Abigail Moses, Shannon Harrington
Oct. 22 (Bloomberg) -- Investors are taking losses of up to 90 percent in the $1.2 trillion market for collateralized debt obligations tied to corporate credit as the failures of Lehman Brothers ...
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