Wall Street's Post Mortem of the Credit Meltdown

If you have a spare day or two here is the link to their 172-page report dissecting what went wrong and the changes they need to make to prevent a similar crisis in the future. "“Virtually everybody was frankly slow in recognizing that we were on the cusp of a really...

Software problems bug Apple's launch of new iPhone

"NEW YORK - The launch of Apple Inc.'s much-anticipated new iPhone turned into an information-technology meltdown on Friday, as customers were unable to get their phones working. "

American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

NBC's Tim Russert dies at 58 of heart attack

Dead, they say is not a respecter of anyone, if not, Tim Russert would have been awarded such respect of living longer than today at least to be allowed to witness this forthcoming US presidential election that he has been a major player in the media industry. Russert was a...

Vanity Fair, Bill Clinton, same old Bill full of Vanity. Fair?

Bill Clinton, Vanity Fair, The same old Bill with no change in sight You want change?  Look Past the Clinton's By Albert N. Milliron, Politisite.com With every pundit spouting that McCain is just a Bush Third...

Britain's biggest developer stops building new homes

With building sites all over the UK and house prices expected to fall there are not enough mortgages available for the number of houses for sale so the buyers are staying away..." Britain's biggest house-builder yesterday abandoned its plans to build any homes on new sites...

Web could collapse as video demand soars

As internet video gros in popularity and people anticipate it to be the main source for television viewing in a matter fo time, some are starting to question whether the internet, in its current form, can handle it."The internet could grind to a halt within two years under...

Early Reports Show Opposition Leader MDC With Lead in Zimbabwe Election

Update 3:45PM Est -Information is coming in from bloggers and news sites that the leader of the opposition has claimed victory in the elections. Indeed, the site we linked to earlier shows the two at a dead heat....

Hold The Recession Hysteria

"There's a disconnect between what people see around them and what they're told is happening."Isn't it funny how true this is for so many issues? The economy, the war on terror, skyrocketing crime rates, health...

Kunstler: Market meltdown just the beginning

James Kunstler warns us that this week's market reprieve will be shortlived.  He contends that the real threat to the American economy and the suburban lifestyle it has promoted and mass marketed is peak oil."It's too bad the current presidential candidates have been...

Suburban Sprawl, another cause of economic distress

The causes of the current financial woes in the US are debatable and varied. Suburban sprawl however is a new factor which has contributed to the current economic climate. Something worth thinking about. And also...

Britney Fatigue: Paparrazo Quits, Ballet 'Meltdown'

On the one hand we have celeb photographers quitting in protest to the increasingly aggressive tactics employed by the paparazzi:"When paparazzi have a crisis of conscience over the wellbeing of their celebrity prey,...

Tax return website crashes on D-Day

"The Government’s online tax return system crashed today, leaving tens of thousands of people stranded and unable to file their tax returns on time. The chaos could not have come at a worse time, with the system grinding to a halt on the day the deadline expired for people...

Globalisation: sleepwalking to disaster

"Globalisation: sleepwalking to disaster Ann Pettifor The scale of global debt reflects a broken financial and commercial system that is doing immense damage to the planet and to public life, says Ann Pettifor. 11 - 12 - 2007 On 9 August 2007, globalisation's rickety...

The meltdown is followed by icy rains...fishing shacks are sinking

As the meltdown continues in the Montreal and suburb area continues...Fishing shacks are sinking!The rain has now turned into ice rain...its not looking good out there!Let's just hope it doesn't turn into an...

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