David Kellermann, acting CFO for Freddie Mac, had taken time off for stress the day before his death. Kellermann had delegated his duties to coworkers before he left the office for the final time. Medical examiners have performed an autopsy, but the results are not yet...
created by Jordan Yerman | 35 wks ago | updated 35 wks ago 90 views | 0 recommendations | 0 comments
As reported here a strike has begung at the Daily Record and Sunday Mail newspaper offices HQ in Glasgow, Scotland. It follows a strike ballot that was held by the National Union of Journalists, where the 276...
Journalists at one of Scotland's biggest newspapers are to strike because of restructuring and job cuts. The newspapers, the Daily Record and Sunday Mail, owned by Trinity Mirror will strike for 2 days. It follows...
Well written, ridiculous and hilarious!"By Newton Emerson––NEWTON'S OPTIC: THE ANSWER to all our problems is staring us in the face. It may even be quite literally staring at you, right now, across the...
President Obama's foreclosure prevention program comes into effect today. You can visit hud.gov for the details, as well as a quick self-assessment form. The plan is meant to help struggling homeowners refinance...
created by Jordan Yerman | 42 wks ago | updated 42 wks ago 140 views | 12 recommendations | 2 comments
The credit crunch has claimed another victim, this time it's football. Scotland and Wales have cancelled plans for the two nations to joint host the Euro 2016 football tournament because of the global economic...
European leaders are gathering in Brussels for an emergency econimic summit. As Western investment flees Eastern Europe, affected countries are looking to their neighbors for help. Hungary has called for a...
created by Jordan Yerman | 43 wks ago | updated 43 wks ago 205 views | 14 recommendations | 8 comments
The B.C. Liberal government has ditched plans to build the new Port Mann bridge crossing through a so-called public-private partnership (P3) and will now finance the project directly. That's a dramatic reversal for...
created by mike_yvr | 43 wks ago | updated 43 wks ago 406 views | 30 recommendations | 4 comments
Nortel is laying off 3,200 employees, copmrising 10% of its workforce. The ailing Toronto-based telecom giant had previously filed for Chapter 11 bankrupcy protection, and so does not have to deliver severance pay to...
created by Jordan Yerman | 43 wks ago | updated 43 wks ago 414 views | 0 recommendations | 0 comments
The words 'half baked' were used about Europe's response to the crisis today by Joschka Fischer, Germany's ex-foreign minister until 2005. He was speaking on the BBC's HARDtalk programme about the sprawling...
Silver Falls Bank has failed, becoming the 14th victim of the Credit Crunch. The FDIC took possession of the bank and flipped it to Citizens Bank. If you're a Silver Falls depositor, don't worry: your money is...
created by Jordan Yerman | 44 wks ago | updated 44 wks ago 52 views | 0 recommendations | 0 comments
The key investor behind the public-private partnership building and operating the new ten-lane Port Mann toll bridge today reported a loss of over $1 billion (CAD). Macquarie Group's infrastructure arm took the...
created by mike_yvr | 44 wks ago | updated 44 wks ago 602 views | 3 recommendations | 1 comment
Addiction is usually a bad thing but there is one type of addict that may save the global economy... the Oniomaniac. No, Oniomaniacs are not addicted to onions, although judging by their name that would...
created by Tina Kells | 45 wks ago | updated 43 wks ago 385 views | 2 recommendations | 2 comments
Sir James Crosby, the deputy chairman of City watchdog, the Financial Services Authority (FSA) has resigned. This is the man who sacked senior manager Paul Moore after raising concerns the bank was exposed to...
The United States pledged $50 billion to fight off foreclosures in the face of "the worst economic crisis in generations" (Geithner) but it may not be enough. As the economy falls and more jobs are lost fear...
created by Tina Kells | 45 wks ago | updated 44 wks ago 105 views | 2 recommendations | 0 comments