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Fears of global recession deepen as stock markets plunge (Los Angeles Times)
Plummeting stock markets indicate limits to government's power to help. The Dow falls below 10,000. The collapse of stock markets worldwide Monday reflects deepening concerns that government intervention won't be enough to stave off a potentially severe global recession.
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The Fleecing of America (Baltimore Chronicle & Sentinel)
Over 200 years ago, Thomas Paine wrote a treatise on government in which he said "a republic is supposed to be directed by certain fundamental principles of right and justice, from which there cannot, because there ought not to, be any deviation.
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How to Get Rich Quick: Save More, Spend Less and Work Off Debt (Fox News)
While Congress has been wrestling with the idea of whether to step into the fray to attempt a rescue, bailout or prop-up of the nation's financial system, individual investors have been grappling with a personal question: Where do I invest now?
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Pain on Main St (BBC News)
Memphis voters losing political faith as bailout flops
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Robert Peston (BBC News)
Nationalisation of Bradford & Bingley will reverberate
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WaMu Becomes Biggest Bank Failure In U.S. History (WNBC)
As the debate over a $700 billion bank bailout rages on in Washington, one of the nation's largest banks -- Washington Mutual Inc. -- has collapsed under the weight of its enormous bad bets on the mortgage market.
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U.S.-style meltdown won't happen here: Harper (CTV British Columbia)
Conservative Leader Stephen Harper is dismissing the risk of a U.S. style financial meltdown here in Canada, despite the dire predictions of a new Merrill Lynch report.
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U.S.-style meltdown won't happen here: Harper (CTV Toronto)
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44 Responses to “Let’s hear it for hitting the bottom” (The Hanford Sentinel)
Why do people feel we have to punish ourselves because we are living a comfortable lifestyle? We as a nation are always trying to help out other countries, by being the world’s 911 force etc and then the countries that we help seem to rally against us when we need assistance or support.
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As if the rising interest rates were not worrying enough, now be prepared for the sting of higher service charges. The ... (India Infoline)
As if the rising interest rates were not worrying enough, now be prepared for the sting of higher service charges. The financial sector in the country has been battling rough weather for a while now.
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