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The $516 Trillion Wall Street Derivatives 'Time-Bomb'
independent.co.uk — US billionaire Warren Buffett call them the real 'weapons of mass destruction'. This market is worth more than $516 trillion, roughly 10 times the value of the entire world's output: it's been called the "ticking time-bomb".More… (Business & Finance)
HeartlandUSA
GM, Chrysler in merger talks
reuters.com — General Motors has had talks with smaller rival Chrysler LLC about a merger that would combine the No. 1 and No. 3 American automakers at a time when both are struggling to cut costs and shore up cash, according to a source briefed on the matter.More… (Business & Finance)
anderzole
Why Tip?
nytimes.com — Tipping, its defenders say, improves service by rewarding good waiters and punishing bad ones. But economists have struggled to explain tipping. Why tip at all, since the bill is presented at the end of a meal and can’t retroactively improve service?More… (Business & Finance)
MrBabyManSchiff: "Our economy will now face death by hyperinflation"
newmogul.com — Peter Schiff predicted the current economic crisis with stunning accuracy over two years ago and now he is sounding another alarm bell. He is predicting that our economy will now face death by hyperinflation, which will cause a complete loss of confidence in dollar and will inevitably die from the disease. Food shortages, marshall law to follow.More… (Business & Finance)
PantsSupremeSearching For a Market Bottom? Keep Looking
cnbc.com — For those hoping that the seven-day blowout on Wall Street may have created a market bottom, there are two words to contemplate: Not yet.More… (Business & Finance)
numbernealMarket drops 107 points during Bush’s speech on the Economy
thinkprogress.org — Today, President Bush gave an eight-minute speech on the economy, which was meant to reassure the markets. More… (Business & Finance)
insaincain02Canada's banking system kept high & dry by strict regulation
money.canoe.ca — High banking standards have kept Canada's financial institutions afloat and out of the kind of trouble that has sunk many of their international peers, Finance Minister Jim Flaherty said Wednesday. More… (Business & Finance)
lilianchiscaObama: McCain ‘stoking anger and division’
politico.com — by Andy Barr (Politico) “The times are too serious. The challenges are too great. The American people aren’t looking for someone who can divide this country – they’re looking for someone who will lead it. We’re in a serious crisis - now, more than ever, it is time to put country ahead of politics.â€More… (Business & Finance)
rbrinega
Bank worker steals $44,458,655.83 and gets away with it
mailonsunday.co.uk — The only man accused of Britain's biggest bank robbery walked free from court yesterday after the collapse of his trial. More… (Business & Finance)
moredown
Lockheed Martin to Develop Ocean Thermal Energy Prototype
cleantechnica.com — The US Department Of Energy has awarded Lockheed Martin a $1.2 million contract to construct a thermal piping system to capture the ocean’s absorbed solar heat. The energy produced could be used to generate electricity or to fuel desalination.Scientists developed the concept in the 70’s, but the technology has not been commercially viable so far.More… (Business & Finance)
AFelsinger
9 Ways You'll $ave in the New Depression
blogs.villagevoice.com — Don't worry about the banks, the crash, or the bailout. Yes, things will get worse. A lot worse. Worse than you ever imagined, probably. But you've been in tough spots before. Remember when you lost your job and went on unemployment for a while? This will be like that, only it will last for years.More… (Business & Finance)
philostrato
National Debt Clock Runs out of Digits
blogs.wsj.com — Just thought you should know...More… (Business & Finance)
HisVaderness
Dow industrials fall over 600 points, below 9,000
news.yahoo.com — Stocks have stepped up their selling in the final hour of trading. The Dow Jones industrial average is off more than 600 points, dropping below the 9,000 mark for the first time in five years.More… (Business & Finance)
The ad ABC won’t let you see — and what you can do about it
climateprogress.org — So ABC will take millions of dollars from oil companies to run misleading energy ads, but they refuse to run one truthful ad from the Alliance for Climate Protection’s Repower America:More… (Business & Finance)
County in Illinois is suspending foreclosure evictions
cnn.com — "These mortgage companies only see pieces of paper, not people, and don't care who's in the building," the sheriff said. "They simply want their money and don't care who gets hurt along the way ... On top of it all, they want taxpayers to fund their investigative work for them. We're not going to do their jobs for them anymore... It stops today."More… (Business & Finance)
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