How Washington could have helped the market at no cost to taxpayers

OPINION An important read for anyone who is under the impression that current or future government intervention is going to save stock markets, the US economy or the US dollar.  Prepare for even more...

Husband Saws House in Half After Divorce

A couple who were married for more than 40 years have taken the literal route when it comes to splitting up their belongings: the husband cut the house in half.  In a village in the Prey Veng province of Cambodia, people were pretty shocked to hear the strange news -...

Divorce Cambodian style

And you think American divorces are weird!"(CNN) -- A Cambodian couple who separated after 40 years of marriage may have taken things too literally when it came to splitting their assets: ...

Paulson Signals U.S. May Invest in Banks to Shore Up Confidence

Following yesterday's announcement that the UK will start investing in banks to shore up consumer and bank confidence, the US appears to be set to do the same thing. Part of the motivation behind this is, rather than...

Estimates Show Sarah Palin's Assets Top $1M

"Estimates Show Sarah Palin's Assets Top $1M(WASILLA, Alaska) — Sarah Palin and her husband have pieced together a uniquely Alaskan income that reached comfortably into six figures even before she became governor,...

France Proposes a €300bn Saftey Net for European Banks in Crisis

FRANCE has proposed a €300bn "safety net" worth sterling £240bn or US dollar $450bn it has been revealed.  Germany was said to not approve of the plan whose aim would be to bail out illiquid banks...

The Rich Are Robbing You Blind Today, and They Hope You Won't Notice

Michael Moore tells it like it is in this open letter of warning to the American people and the world.  On the way out the door, George Bush and his cronies, having already impoverished America are stealing...

Need a Job? $17,000 an Hour. No Success Required.

"By NICHOLAS D. KRISTOF Published: September 17, 2008 Are you capable of taking a perfectly good 158-year-old company and turning it into dust? If so, then you may not be earning up to your full potential.You should...

Number of millionaires rises to 1.23 lakh in India

" NEW DELHI: With economy growing in a rapid pace and stock markets rising sharply in 2007, India saw the fastest growth in the number of high networth individuals (HNI) worldwide and their combined wealth...

Calm before the storm, yet again? « Peter J. Cooper’s Weblog

" In this climate the assets to hold are commodities in general, and precious metals in particular. Gold managed an eight-fold increase in the late 70s while silver soared even higher. Do not be surprised if history repeats itself, and oil prices also stay high."

Ecuador seizes Brazilian Odebrecht assets and demands compensation

"  President Rafael Correa of Ecuador has ordered troops to seize the assets of a major Brazilian construction company.  The move follows a dispute over the country's second largest dam, which was built by the Odebrecht company but shut down just a year after it...

Paulson, Bernanke Tell Lawmakers Urgent Action Needed on Treasury Plan

"Mr. Paulson cautioned lawmakers against letting the plan get bogged down in a debate over unnecessary additions. Senate Banking Committee leaders voiced skepticism Tuesday about the U.S. Treasury's plan to buy up to...

BAILOUT.....HUNGERY..

U.S. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke on Tuesday urged Congress to act swiftly on a proposed financial system bailout and warned of dire consequences if they delay. In prepared testimony that the two are scheduled to...

Mexican government optimistic about Cemex-Venezuela talks

Venezuelan government and Mexican Cemex seem to be on the road to agreement of terms of nationalization. " Mexican government optimistic about Cemex-Venezuela talks. Economy The Mexican government said on Wednesday...

Bush, a Georgie come lately, as always

Have you noticed over the last 8 yrs, that Bush is always a day late and a dollar short......on brains and action?"Bush: 'We must act now'Bush, Paulson outline powerful steps targeting troubled mortgage-related assets weighing down the finance industry. Plan could cost...

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