Shanghai infrastructure placed in the fast lane

I am in Shanghai these days. Seeing all the construction around, I am quite wary of the way the city is shaping up, demolishing old neighbourhoods and going highrise. This bit of news about the city's investment...

Regulators nix credit card debt forgiveness plan

Personal responsibility is still a pillar of Conservatism, believe it or not. So, they forgive the mortgage companies, AIG, all the Big Banks, hedge funds, Ford, GMC, and Chevy, but not the college girl with her...

Jobless claims hit 25-year high, imports plunge

Jobless claims hit 25-year high, imports plunge Doug Palmer WASHINGTON (Reuters) - The number of U.S. workers drawing jobless benefits hit a 25-year...

Pakistan incurred $34.5 bn losses in war against terror: FM

"NEW YORK: Pakistan suffered huge losses, amounting to US $34.5 billion, since 2001 for its role in the war against terror and wants regional ownership of the crisis in a bid to bring peace and stability to the troubled region, Foreign Minister Shah Mahmood Qureshi said...

Pelosi supports new help for ailing US automakers

The US has been rife with specualtion over whether the US government would inject huge amounts of money into the US auto industry in order to keep it afloat or let it die. Speaker of the House Nancy Pelosi...

Brazil: Petrobras' third-quarter profits up 96%

" Wed, 12 Nov 2008 04:27:45 GMT Brazil's Petrobras oil company has posted a record third-quarter net profit of 96 percent compared to the same quarter last year.  The profit almost doubled because of increase...

Asian Markets Spike On China Stimulus Package

"Asian stock markets rose sharply after China announced a $586 billion economic stimulus package aimed at countering the effects of the global slowdown on China's booming economy. One analyst described the massive package, which was bigger than expected, as a New Deal with...

Top Twenty Five (25) Best Selling Video Games Of All Time

"Top Twenty Five (25) Best Selling Video Games Of All Time Video Gaming is a multi-billion dollar industry where over two (2) billion video game titles have been sold. Below, we examine the top twenty five best selling video games of all...

China Unveils $586 Billion Economic Stimulus Plan

This stimulus package aimed at bolstering it's weakening economy...read more.

Chinese FM Leaves Peru On Emergency Call From Home

" China's Finance Minister Xie Xuren was called back from an international economic conference in Peru before the meeting began, following orders from Beijing to help resolve problems at home, an organizer of...

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 ...

Merkel Promises Government Help During Economic Bad Times

" German Chancellor Angela Merkel outlined an economic stimulus package aimed at helping companies weather the financial downturn. She also called for a quick reform of the global financial system. The German government is prepared to roll out a series of economic...

Goldman may be set to post first quarterly loss

" NEW YORK (Reuters) - Goldman Sachs Group Inc (GS.N: Quote, Profile, Research, Stock Buzz) could post its first ever quarterly loss as a public company in December, as market turmoil weighs on revenue for investment banking businesses and forces asset writedowns. One Wall...

Merkel Urges German Banks to Tap Government Rescue Fund

" German Chancellor Angela Merkel has urged banks to make use of a government bailout fund worth up to 500 billion euros ($637 billion) that few financial institutions have tapped so far. As German banks continue to cast around for capital to help them survive the...
 

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