US creates government sponsored Bad Bank

Bad Bank Paulson, Pelosi had the task to announce the "Bad bank" creation finally by the US government. Originally the banks themselves proposed a $70 bn "Bad bank". Obviously the $70bn would have been just...

Fed takes heat on AIG from both sides of Congress

The US Federal Reserve took some bashing today from members of Congress who criticized the loan given to AIG yesterday."In what may be a foreshadowing of the sort of questions Fed Chairman Ben Bernanke can expect when he testifies before congressional committees next week,...

Leading American Insurer AIG close to bankruptcy

Leading American Insurance company  American International Group Inc. is in the bad shape and likely to file for bankruptcy. However they have been allowed to use $20 billion of assets held by its...

September 11, 2001, the U.S. was attacked by terrorists: Timeline

"Sept. 11: Hijacked jetliners hit the World Trade Center in New York and the Pentagon outside Washington. A fourth hijacked plane crashes into a field in Pennsylvania. Trading on Wall Street is stopped. The...

First Nations Gang war claims innocent victim on Alberta Reserve

OpinionBarry Artiste, Now Public Contributor A tragedy all to common on First Nations Communities, brought on by those community members who trade in everything from guns drugs, alcohol, cigarettes to a willing...

How to get a car rental

"There’s more to renting the car than just reserving it and paying for it, to make sure that you get the best deal follow these steps and tips. STEPS: 1.Choose three to four car rental firms that fit your wants and needs, do this either through the phone book, or through...

More Liquidity Leads to Falling Dollar and Rising Oil Prices

What's wrong with our economy? Well, in historical terms, not really all that much. But we do have some problems. The most pressing concern right now is that the dollar's value is falling in comparison to other countries' currencies. Why? All I know is that it doesn't help...

Ultimatum issued over Clayoquot Sound

The media is now reporting every other day on this issue.  August 2nd in Tofino is the first demonstration planned.  I still cannot believe we are in 2008 and still dealing with these issues.  Sad...

Where the mould grows - Clayoquot Sound First Nations poor housing conditions

This is what the First Nations of Clayoquot Sound are facing, high unemployment, poor housing conditions and little hope.  With logging and mining about to begin, resource extraction is looked to as the ways...

Biggest oil price drop in 17 years

Warning!!! GLOBAL INFLATION threatened ....   " Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal...

Gotta have cash !

" I always enjoy reading stories that stress about the importance of having an emergency fund. Here's one from Vanguard."With so much publicity about saving for long-term financial objectives—such as retirement, purchasing a home, or investing for a child's...

US spells out Fannie-Freddie backstop plan

How is that the government can extend unlimited credit to prop up financial institutions but can't extend enough credit to keep people in their homes. Given the role predatory lending played in creating the...

Everett sorry for calling troops wimps

" ACTOR Rupert Everett has apologised for calling British soldiers "wimps" and suggesting they joined the army to torture prisoners.The 49-year-old yesterday issued a lengthy statement apologising "without reserve" to the "many in this country, and hundreds and thousands of...

Business Interest Forces Mayawati-Mulayam to Over Rule Political Compulsions

"Lucknow (ABC Live): The cat has came out of bag on all of sudden meet between Uttar Pradesh Chief Minister Ms Mayawati and SP leader Mulayam Singh Yadav When UP government has withdrew its earlier Letter to take stern against Sahara India Financial Corporation Limited "

Lost Scuba Divers Survive Deadly Dragon, Currents on Remote Island

" All five Europeans who vanished while scuba diving in treacherous waters off eastern Indonesia were found alive Saturday on a remote island, police and family members said.The divers — three from Britain and...

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