This Is Not A Normal Recession: Moving on to Plan B

""The Winter of 2008-2009 will prove to be the winter of global economic discontent that marks the rejection of the flawed ideology that unregulated global financial markets promote financial innovation, market efficiency, unhampered growth and endless prosperity while...

Citi Rescue Talks Underway

"The market shrugged off the prospect of a Citigroup meltdown and focused instead on the leak that Timothy Geithner was Obama's pick for Treasury Secretary. Citi fell another 20%, its shares dropping below $4. Have banking catastrophes become so routine that it is now...

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...

Tainted Chinese milk products found in Russia

The Chinese tainted milk scandal continues to spread, with spome of the contaminated milk products now being found in Russia."Russian news agencies say food inspectors have found nearly two tons of Chinese dry milk believed to be contaminated with the industrial...

Estimates show Palin assets TOP $1 million

" WASILLA, Alaska (AP) -- Sarah Palin and her husband have pieced together a uniquely Alaskan income that reached comfortably into six figures even before she became governor, capitalizing on valuable fishing rights, a series of land deals and a patchwork of other...

Poll on the economy: Americans gloomier, for now

"As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word "depression." In a sign that anxiety is growing, 33% of 1,011 adults surveyed...

Daughter secretly reunites her parents 40 years after they were forced apart ...

Nice to read a story with a happy ending for a change.Good luck and God bless to them all."Two lovers banished from each other's sight when they conceived an illegitimate child nearly 40 years ago have been reunited by their daughter and are to marry.Christine Orchard, 57,...

Texans endure sleepless night as Ike roars ashore

"A massive Hurricane Ike menaced the darkened Texas coast early Saturday, ensuring a sleepless night for thousands who huddled and waited to find out if a gamble to face the storm head-on could cost them their lives.Before the eye even crossed land, the first bands were...

Source: Bush considering 8,000 troop cuts in Iraq

"WASHINGTON (CNN) -- The top U.S. general in Iraq is recommending nearly 8,000 troop cuts in Iraq because of the improving situation there, a source close to the process has told CNN. ...

Cindy McCain defends Palin pick, husband

Notice, now it's 8 homes AND that Cindy McCain thinks that the close proximity of Alaska to Russia makes for good foreign policy experience.Sounds to me like Cindy has had one too many hair treatments!"WASHINGTON - Cindy McCain said Sunday that Republican vice...