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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...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...Asian markets continue to slide; Nikkei down 414pts
Asian markets are once again down deep into red despite some bounce back on the Wall Street. Asian stock markets suffered fresh losses on Friday as fears grew that the financial crisis is taking a heavy toll on corporate earnings in the region. " ASIAN stock markets...Chinese firm to invest $1.7b to generate low-cost electricity in Pakistan
Amid precarious security situation and economic conditions in Pakistan, a Chinese power generator has said that it would invest $1.7 billion for low-cost hydel power generation in the energy-deficient country, where people are facing a plethora of problems because of the...Indian stock market Sensex plunges 600 points
Indian Stocks had a bleak opening on Thursday with deepening worries over a prolonged global economic recession. The absence of confidence spurred a huge sell off across global markets. " Stocks opened almost 600 points down on Thursday with deepening worries over a prolonged...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...After record losses on the FTSE and Wall Street, how much worse can it get?
Wow now we have the hype and the problem is made to be 10 times worse than it really is. I wonder if the media realises its power of causing a real finacial melt down, people panic sell their shares move their money buy gold. This sudden slump on the stocks and...
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... Harper Under Attack From All Parties
Stephan Dion renewed his attacks on prime minister Stephen Harper, saying Harper shares the same ideolgy as George W. Bush. "“It’s a weakness of those governments... it’s the same ideology that Mr. Harper... This just has to be a great week for gold and silver! « Peter J. Cooper’s ...
"It looks like the financial crisis will claim its first big victim this week in the shape of Lehman Brothers, unless ‘a miracle occurs’ in the words of one observer. Meanwhile, shares in Merrill Lynch plunged 50 per cent last week on fears over its viability; American...U.S. forces Lehman into sales talks, no bailout yet
The United States government is doing damage control by forcing Lehman Brothers Inc into talks with potential investors, as the investment bank's stock prices tumbled Thursday. The U.S. government is trying... Mother survives for five days trapped in a car after plunging down 100ft ravine
It's amazing story that they didn't give up and found her in a place where she could easily have been lost forever. "Mother-of-two Amber Pennell survived for five days pinned under the dashboard of her wrecked car after it plunged down a 100-ft ravine.Without food or water,... Boy who plunged from seventh floor flat was caught up in drugs turf war
"A boy of 16 who plunged 60ft to his death from a tower block while fleeing a knife-wielding gang was caught up in a drugs turf war and was not the intended target, it was claimed today. Friends said Ahmed Benyermak was being chased by a gang of violent hoodies because the... New Algeria suicide attack kills 11
Following yesterday's attack that killed 43 people, Algeria was hit by two new suicide bombings today. This signals further trouble ahead, as it indicated a sustained campaign of violence by the country's Islamist groups."Algeria was rocked by two further suicide bombings...
created by Dave Keating | 1 year ago | updated 1 year ago
297 views | 12 recommendations | 4 comments
297 views | 12 recommendations | 4 comments
3m homes now worth less than the buyers paid for it
Negative equity for millions of UK home buyers who purchased after the 2006/7 housing peak will see prices continue to decline. Mortgage defaults and lack of new buyers brings little good news to an already...
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