IMF: World on Brink of Recession

" The head of the International Monetary Fund says the world is on the brink of a global recession but predicts the economy will begin to recover by late 2009. Dominique Strauss-Khan says nations must work...

Father kills family and himself, despondent over financial losses

In these unprecedented financial crisis unexpected is happening. A mother of all bail out to the tune of $700 billion to rescue the financial world. But impact of the crisis is already started happening. People...

Indian shares fall more than 2 pct in early trade

Indian stock markets have opened on monday sharply lower following weak global cues. Selling pressure is seen in metal, realty, telecom, power, capital goods, oil & gas and banking stocks. Nifty is trading at lowest level since March 20, 2007."Indian shares fell more than...

The People's Hedge Fund up and running

"StrategeryCapital Management LLC The people's hedge fund About Strategery Strategery is a unique hedge fund. It is the largest in the world, with expected initial capital of $700 billion. It has a free and unlimited credit line should it need more. It has no fixed mandate,...

Update: Germany leads EU, saying no to $500bn Sarkozy EU bank bailout

Update: Oct-5 PARIS 17:00 uk-timecomment: This afternoon unusual air traffic,  helicopter shuttle flights to monaco non-stop " German Chancellor Angela Merkel said that Europe's biggest economy...

Long gold, long silver, a lifeline for hedge funds? « Peter J. Cooper’s We...

" Perhaps the hedge fund managers should take their cue from the central banks which are not going to be selling gold over the next 12 months as they have been over the past four previous years. Supply is coming out of the market at a time of rising demand for a hedge...

London's Ban on short-selling could drive Hedge funds to rival cities

Was it a good idea to limit short selling, speculating on falling stocks ?London is not sure, first HEDGE FUNDS go to other places in Europe and Dubai. " Britain's temporary ban on short-selling financial...

Exclusive ABC report questions Palin reason for firing public safety chief

"Legal pleadings filed earlier this week said Republican vice presidential candidate Sarah Palin fired her public safety chief because of a planned trip to lobby Washington to fund a program to fight sexual violence.  That was the "last strraw" of his bucinking...

FDIC - Federal bank insurance fund short on cash

"WASHINGTON - Banks are not the only ones struggling in the growing financial crisis. The fund established to insure their deposits is also feeling the pinch, and the taxpayer may be the lender of last resort.The Federal Deposit Insurance Corp., whose insurance fund has...

Palin's Project List

"Palin's Project List Totals $453 Million "Last week, Republican presidential candidate Sen. John McCain said his running mate, Alaska Gov. Sarah Palin, hadn't sought earmarks or special-interest spending from Congress, presenting her as a fiscal conservative. But state...

The Battle for Net Neutrality: Comcast throws army of lawyers at the problem

This is a classic battle between giant corporate interests vs. the rest of us.  If you value the Internet and don't want it to turn into the kind of trash you see on TV then please do what you can to support...

Home for 10 people ... in a portable box

"HELSTON, Cornwall, UK (CNN) -- A huge cyclone struck Myanmar in May 2008. It was the largest recorded disaster in that country, killing more than 130,000 people and leaving millions homeless. ...

Advantages and Disadvantages of ETFs

This is the 2nd installment of our 2 part series on ETFs. Please read the first part here: Investing in ETFs Advantages of ETFs 1. ETFs tend to be more cost-effective vis-a-vis comparable mutual funds. For instance, while the expense ratio of a passively managed ETF...

T. Boone Pickens Hurt by Oil's Slide

It's hard to feel sorry for a man who has been trying to use the government's power (along with Nancy Pelosi) to make a lot of money. So I won't feel bad for him, not one bit."The billionaire Texas financier T Boone Pickens is suffering a costly headache from the volatile...

Diaing for a World-Class Ambulance Service in Mumbai

How do you provide a city like Mumbai and its 22 million residents an efficient Ambulance service? The Acumen Fund's Sasha Dicheter, talks about their latest investment, "Dial 1298" service with its 51 ambulances, each fitted with intensive care service combining world-class...

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