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U.S. House Rejects $700 Billion Financial-Rescue Plan (Alison Vekshin and Laura Litvan)
(Bloomberg) -- The U.S. House rejected a $700 billion financial-rescue plan intended to restore confidence in the nation's banking system, dealing a blow to government efforts to contain a lending ...
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US And Global Financial Crisis Is Becoming Much More Severe (Nouriel Roubini)
(RGE Monitor) -- It is obvious that the current financial crisis is becoming more severe in spite of the Treasury rescue plan (or maybe because of it, as this plan it totally flawed). The severe ...
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The Ponzi-Plus Plan (James Kunstler)
(World News Trust) -- To paraphrase the late and great old war-horse of the senate, Everett Dirkson of Illinois (1896 - 1969), a trillion here, a trillion there, sooner or later you're talking about ...
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Stocks Tumble Worldwide, Government Bonds Rise on Bank Concerns (Michael Patterson & Adria Cimino)
(Bloomberg) -- Stocks around the world tumbled, the euro and the pound plunged and bonds rose as governments raced to prop up banks.
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Fortis Receives EU11.2 Bln Rescue From Benelux Governments (Martijn van der Starre & Meera Louis)
(Bloomberg) -- Belgium, The Netherlands and Luxembourg invested 11.2 billion euros ($16.3 billion) in Fortis, Belgium's biggest financial-services firm, to restore confidence in the bank after ...
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Bush the arrogant (Los Angeles Times Editorial)
President Bush's latest permutation of crisis management is the last straw. But who best to roll back the excesses?
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Causes and Cures for our Current Debt Crisis (Richard Backus)
(World News Trust) -- It is touching to see Mr. Bernanke and Mr. Paulson getting credit for their proposed solution to the financial crisis we now face, especially since it was caused by policies ...
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Marathon for Children: Running for the Right to Play (Ramzy Baroud)
(World News Trust) -- I was ecstatic as I read an email sent by a manager at a Canadian toy company. The company donates a large number of toys each year to inner city kids throughout North America, ...
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World News Trust (Business Blog Review)
(Business Blog Review) -- A genius at work the writer verily is I do not know when he convinced me. Complete detailed and loads of fun is World News Trust this blog.
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