U.S. Approves Plan to Help Citigroup Weather Losses

"Citigroup executives presented a plan to federal officials on Friday evening after a weeklong plunge in the company’s share price threatened to engulf other big banks. In tense, round-the-clock negotiations that stretched until almost midnight on Sunday, it became clear...

This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

The Dirty Secret of the Financial Crisis: Our Banking System's Broken

"Henry Paulson's $700 billion plan to save the world is dead or dying, but the bailout was not killed by his arrogance or his grossly misleading claims about what the public's money would buy. The plan collapsed because it didn't work. The Treasury secretary has launched a PR...

The foreclosure freeze tide

"WASHINGTON (Legal Newsline)--As Capitol Hill remains under siege from all sides of America's faltering economy, pressure to stem the tide of foreclosures continued to make inroads as Fannie Mae and Freddie Mac became the latest to join the foreclosure freeze movement.The...

Shannon 'drugged and bound in £50,000 fraud plot'

More details are emerging in the bizarre case of Shannon Mathews. When the girl was reported missing a few months ago the UK was closely following the story and a massive search was launched to find her. But soon it was discovered that the girl had actually been hidden by her...

Scottish Hospitals to face random checks on cleanliness

Following an audit of NHS hospitals in Scotland, it has been announced that Scottish hospitals will face random health and safety checks over the coming year."INSPECTORS are to make random checks on hygiene levels and infection control in Scottish hospitals as part of a ...

Tibetans blamed for failed talks

"Tibetans blamed for failed talks By Michael Bristow ...

Stocks plunge anew as recession worries resurface

"Wall Street falls sharply as investors, worrying about recess, ponder Obama impact on economy NEW YORK (AP) -- A case of postelection nerves sent Wall Street plunging Wednesday as investors, looking past Barack Obama's presidential victory, returned to their fears of a deep...

No Time for Laurels; Now the Hard Part

"No Time for Laurels; Now the Hard Part Sign In to E-Mail or Save This Print Reprints ShareLinkedinDiggFacebookMixxYahoo! BuzzPermalink By PETER BAKER Published: November 4, 2008 ...

Gunman arrested after Maine students held hostage

"(10-31) 10:13 PDT Stockton Springs, Maine (AP) -- A gunman who had been on the lam for a week held 11 fifth-graders hostage at a school Friday but was tackled outside a classroom without any harm to the children, police said. ...