Somali Pirates turn to Capitalism

In Haradheere, the Somalian pirate lair on the Horn of Africa, gangs of pirates in the area have set up a stock market of sorts, open to both investor and criminal alike. That invested money, and sometimes...

Madoff sentenced to 150 years for Ponzi Scheme

Update: 29 June 2009 12:28 PM EDT Madoff is sentenced to 150 years in prison for Wall Street's biggest Ponzi Scheme."Historic swindler Bernard Madoff was sentenced to 150 years in prison [today] for a fraud so...

How 'animal spirits' move the stock market

Rita Hritz knows several people who have lost more than $100,000 in the stock market recently, and she's not taking any chances:" She pulled out of the market in 2005 because she was tired of the ups and downs, and...

Sensex fall 322.8 points

Sensex fall 322.8 points, 8451.00 on 20th nov 2008. A man reacts as he watches a display screen on the facade of Bombay Stock Exchange (BSE) building in Mumbai, India, Thursday, Nov. 20, 2008. The BSE benchmark...

Dow plunges nearly 430 to fall below 8,000 mark

Another totally brutal day for the markets.  "NEW YORK – Wall Street hit levels not seen since 2003, with the Dow Jones industrial average falling below the 8,000 mark, as the fate of Detroit's Big Three...

Insight from the outside [short about the Norwegian economical situation - wh...

What caught my interest a few months ago was why Norway”stands tall in an age of international crisis”.In the late 60s, Philips Petroleum Company Norway, with the help of American/Texan drilling companies...

Why Midafternoon Brings Out The Bears..

An increasingly familiar Wall Street phenomenon—A three-digit swing in the Dow, usually down, in the final hour of trading—is a direct result of population growth in one species: bears. Margin calls are...

Government Set to Takeover HBOS as Lloyds TSB Merger Flounders

THE government is set to make an announcement before the markets open this morning of a £49bn rescue package, which will in effect mean that the government becomes the majority shareholder in the HBOS group,...

Bush on Markets: "We're All in This Together"

US President Bush told the world something that it already knew: that we're all in this economic crisis together. "``This is a serious global crisis and therefore requires a serious global response,'' Bush said...

Google loses 60% of its employee stock value

Only eight days ago Google’s shares were trading at $411 and three months ago they were above $450. In that time, a lot of paper wealth has disappeared and along with it incentive for many recent hires to stay....

Michael Moore's latest message

I just had to post Michael Moore's latest message to his list. Plus, not only did the Congress vote to stop this outrageous theft from the people, but 300 economists wrote to Congress to prevent this move....

CRISIS-ROOM daybyday: SEC short sell ban list: GM, Ford, GE, GM asks for $25bn

CRISIS-ROOM  daybyday viewpoint solarlife Sept-24SEC  prohibited General Motors, Ford or General Electric short selling. Overall, 900 U.S. stocks included, financial system could destabilize. GM asking...

London Stock Exchange trading down due to computer crash

The world's second largest stock exchange is enduring an extended derailment today due to a computer crash.  A glitch in the London Stock Exchange computer system at 8:44am this morning has resulted in the...

Helsinki stock exchange opens July as badly as it ended June

At the moment OMXH is down with -2.38% with 8370, which is lower than two years ago.

Betting on the TSX

  I've been gambling long enough to know that trying to beat the stock exchange, much like the racetrack is a mirage in the desert of free money, only present to reel you back in just when you think you've...

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