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By Mike Whitney (published on ICH, August 5, 2007  On Friday the Dow Jones took a 280 point nosedive on fears that that losses in the subprime market will spill over into the broader economy...

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I'm a retired journalist, glorying in the freedom now to write what I want to write when I want to write it. I worked on The Sydney Daily Telegraph, the Melbourne Herald, the Brisbane Courier-Mail, the Canberra Times. Way back in 1956 I met a guy called Rupert Murdoch and we started a magazine together and it became one of the second biggest sel ...

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