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Now CIT Group goes belly up!
As the economists battle with numbers, charts and calculations trying to figure if recovery is here or not, one more financial giant went down fighting. The latest casualty is the CIT Group. CIT Group is among the... Cleaning up the mess of Wall Street
Dan Collins of Huffington Post talks about federal Judge Jed Rakoff, and how he is taking Wall Street by storm, insisting on accountability, and prepared to tackle cleaning up the mess: After... "The House is on Fire" says Nation blog
From the liberal perspective of Nation blogger Katrina Vanden Heuvel - a well respected journalist and author, by the way - the crisis of our Nation is nothing less than a dire... Chaos erupts at Detroit federal aid center
Detroit -- The Cobo Center erupted into a hectic scene of chaos today as thousands of Detroit citizens thronged in. They were coming to apply for federal aid for rent and utility bills. Some... China's Role in The Economic Crisis.
By: Rev. Jermano
China helped cause The Economic Crisis, and their dishonesty in not being truthful about it, is a pity. America has been pinned to the mat by China News and Commentary for being the... Pope Blames Greed for Economic Crisis
The pope has singled out greed and selfishness and the two main causes for the world economic crisis, according to the BBC. Speaking to a group of priests earlier this year he said he didnt want to give...
created by jamesconnolly529 | 17 wks ago | updated 17 wks ago
126 views | 14 recommendations | 8 comments
126 views | 14 recommendations | 8 comments
US Unemployment Rate Increases to 9.5%, a 26-year high
The US unemployment rate, which increased to 9.5%, has hit a 26-year high, according to a report released today by the US Department of Labor. This increase in unemployment occurred because US businesses laid off... 1999 NY Times Article Foretells Current Economic Meltdown
This is a blog post I wrote after coming across an article the New York Times had published in 1999, just after the passage of the Gramm-Leach-Bliley Act, which Republocrats are trying to avoid talking about, but... From jobless to topless in times of recession
This is one of the few subjects for which I cannot provide any photographs (sorry!). I must say that the story in question appears to be more of a recruitment advertisment for the sex industry than a genuine... Postal Service Changes Raise Cash, Fight Hunger
The U.S. Postal Service expects to save more than $100 million annually through a series of steps, but a handful of other steps reportedly being taken by the agency during its economic crisis will raise both cash... Transatlantic tension at G20 summit
Probably there is no danger of interminable discord when leaders of the Group of 20 gather in London to address the worst economic crisis since the 1930s. Just one day, to do what their predecessors failed to... How G20 should tackle this economic crisis
• The US is calling for increased public spending. • Some European governments stress the need to change the rules governing financial markets.• German... 149 views | 10 recommendations | 4 comments
China Aid Plan for Jobless Migrants
The government of the People's Republic of China has announced plans to aid the approximately 20 million low level workers who have been thrown out of work by the global economic crisis. The governing body...
created by Barbara McPherson | 34 wks ago | updated 34 wks ago
39 views | 14 recommendations | 1 comment
39 views | 14 recommendations | 1 comment
Big RM60b Boost
Malaysia has unveiled big RM60 billion boost to pump prime economy and counter the adverse impact of the global financial crisis. The bold stimulus plan was tabled in Malaysian Parliament by Finance Minister Datuk...
created by WisdomMountain | 34 wks ago | updated 34 wks ago
98 views | 0 recommendations | 0 comments
98 views | 0 recommendations | 0 comments
U.S. Unemployment by the Numbers: How Bad Is It Hurting?
" Reports More people are unemployed in America than live in Ohio or go to church in Texas. Unemployment statistics don’t usually leap off the page, but the latest report from the Department of Labor offers some astounding figures. More than 651,000 jobs were cut in...
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