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Icelandic government becomes first to be brought down by the c...
Will leaders of other nations face the same fate as the Primeminister of Iceland today?" The government of Iceland today became the first to be effectively brought down by the credit crunch. After several nights of...
Computer chips give new spin on saving energy
"MICROCHIPS that process information without moving electrons could lead to a new generation of ultra-low-power computers. That is the promise behind a processor that uses waves rather than current to crunch... The global 'energy crunch' is nearby
After the credit crunch, the energy crunch is coming, that is what a new report published by industry taskforce Peak Oil has previewed. The report suggests that investments on renewable sources can help to hold... Curse of Corruption
"THE not-so-new rulers in Islamabad are at pains to stress that what they seek above all from the international community is investment, not simply assistance. While this sentiment is admirable on face value, it goes without saying that the begging bowl will be Pakistan’s... Eco credit crunch Earth, 2030 two planets needed to keep up life
Eco credit crunch 2030 The financial crisis should be a warning to us. If we continue to live on the Earth Ecological credit, we need 2030 the equivalent of 2 planet resources to keep up our lifestyle. The way out... Unity at Eurozone meeting in Paris?
" SOURCE: RFI ENGLISHFrench Finance Minister Christine Lagarde promised that the world would "not be disappointed" by the measures to be adopted in Sunday’s meeting.She said that leaders would discuss the...Asian governments move to halt stock market slide
Governments in Asia are pumping in big funds to fight off the credit crunch emerging out of global crisis. Governments are also cutting down cash reserve and interest rate to make more liquidity. Hong is cutting its key interest rate by 100 basis points effective Thursday....CERN unveils computer grid linking 7,000 scientists
Serious number crunching to be a co-CERN project !Grid computing is changing science the world over."CERN, the world's biggest particle physics laboratory and creator of the Worldwide Web, on Friday unveiled a new computer network allowing thousands of scientists around the... Wall Street Bailout Vote Fails
The $700 billion bailout bill failed to get enough votes, leaving markets in disarray Monday afternoon. 205 have voted Yea and 228 have voted Nay. At least 218 votes are required to pass the bill. The House has... Osborne says he won't bail out bust UK bankers
The Conservative Party in the UK is havig their party conference today, and as could be expected they are focusing largely on the economy. The shadow chancellor George Osborne has said that the conservatives would not bail out any banks if they were in power. This is...Government Bailout is a big Mistake
" Washington – The Club for Growth condemned the massive government bailout proposed by the Treasury and the Bush administration as unnecessary, unfair to taxpayers, and fraught with serious costs to the American economy. Eighteen months into the credit crunch, many...Reading Market Intentions after the Credit Crunch
What was the reason most potential homeowners went for a long amortization and no down payment? It is because the banks know human nature well enough to exploit this one tendency: Good Intentions Rarely Translate...Credit crunch 'to last into 2010'
HBOS chief Andy Hornby: 2010About two-thirds of wholesale funding received by UK banks comes from overseas - primarily from the US. And the HBOS chief said that US money-market investors would not resume...Baked beans sales surge as credit crunch bites
The credit crunch creates lots of losers but winners too and baked bean manufacturers such as Heinz are certainly winners as people look to the relatively cheap but nutricious baked bean to fill the gaps in the...Alistair Darling's shocking admission: British economy is at a 60-year low - ...
Credit crunch hits the Uk with Bank place London. With the dramatic downturn of the housing market, it will lead to 2 million unemployeed at christmas, Worst scenario since 1945. Photo shows Transport...
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