2.7m Chinese to lose jobs with deepening economic slowdown

Despite the talk of insulated, Chinese economy is also deeply affected with current global economic crisis. World's fastest growing economy is sputtering into an economic slowdown. World is hinging high hope on China to bail out from the current crisis. China's export sector...

Asian markets plunge after Wall Street slide

Taking cue from US stocks market of  Wednesday,  Asian stocks tumbled Thursday as fears that the world's biggest economies are shrinking sparked fresh panic, despite continued efforts by several governments to ease the financial crisis and bail out packages. The...

Asian stock markets rally on new bail out hopes

The Stock market in Asia are rallying with fresh hopes of new bail out packages. The gains in the region picked up due to the government pledges worldwide to bail out their financial sector, along with efforts to inject liquidity. New measures are expected to fend off the...

DOW Plunges 733 as new data points to recession

More volatility in the stock market........" NEW YORK (AP) -- Investors agonizing over a faltering economy sent the stock market plunging all over again Wednesday after two disheartening reports convinced...

Turmoil in Indian Aviation - Jet Airways sacks 1,000 employees

A day after Kingfisher Air and Jet Airways switched from rivalry to partnership in a bid to face difficult skies hit by rising costs, employees in both airlines huddled to discuss their future. Job loss fears...

John the Pool Guy and Wall Street

What does Kip Herriage who holds six degrees and licenses, a former Wall Street financial advisor and money manager for over 15 years and John the Pool Guy have in common?

Indian stock Markets firm on strong global cues

Indian Equities witnessed across the board buying activity as sentiments turned bullish after governments across the world tried to keep financial systems running by injecting  fresh liquidity. "The...

U.S. Fed leads round of global interest rate cuts .....

"U.S. Fed leads round of global interest rate cutsMove is to handle the worst financial crisis since 1929 stock market crash""BREAKING NEWS MSNBC News ServicesWASHINGTON - The Federal Reserve, acting in...

Early London rally wiped out, European market volatile

Stock markets across Asia-Pacific bounced back after huge losses for last many days in early trading. Several governments took desperate economic measures to survive the crisis. Indian government had cut down...

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...

Dow Drops 369.88 Points, Below 10000, Lowest level in 4 years, down 3.5%

"Oct. 6 (Bloomberg) -- Stocks tumbled around the world, the euro fell the most against the yen since its debut and oil dropped below $90 a barrel as the yearlong credit market seizure caused bank bailouts to...

Who could have ever seen this financial mess coming? By Tom Tomorrow (Politi...

In 6 quick panels, Tom Tomorrow sums up the corporate criminal logic behind the bailout:" Wall Street Pig 1: "We're too big to fail, suckers!" Wall Street Pig 2: "If we go down, we're taking the rest of you down with us!""

US superpower status is shaken

After the end of the Cold War and demise of  Russian empire America remained the only big superpower but it seems latest development in the financial world and on the other fronts have shaken its position....

Support DeFazio's No Bailouts Plan

Follow the article link for a link to the bill text, plus links to 11 blog articles commenting on DeFazio's more sensible, public-interest focused alternative to the Wall Street Stickup bill that the Republocrats will be trying to push through Friday, Oct 3. Call, fax, email...

Is there a Plan B?

" In 1802 Thomas Jefferson said “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and...

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