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Global News Watch
Date Link Article
August 02, 2007 NY Times Bestseller contradicts Dick Cheney’s claims
Miscellaneous
Vice-President Dick Cheney says there is no "secret plan" to create a network of superhighways to facilitate a merger of the United States, Mexico and Canada. Dr. Jerome Corsi, author of the New York Times bestseller "The Late Great USA: The Coming Merger with Mexico and Canada" (WND Books, ISBNs 0-9790451-4-2, $25.95, July 2007) concurs on one point - the plan’s not secret anymore.
August 01, 2007 Subprime fallout hits Australia
CNNMoney
SYDNEY, Australia (Reuters) -- Australia's Macquarie Bank warned Wednesday that retail investors in two debt funds face losses of up to 25 percent as fallout from the global credit crunch widened, knocking 10 percent off its shares.
August 01, 2007 Harvard said to lose $350M in hedge fund
CNNMoney
LONDON (CNNMoney.com) -- Harvard has lost about $350 million in the last month through an investment in a hedge fund founded by one the university's former money managers, according to a report published Wednesday.
August 01, 2007 Home builder shares plunge on credit concerns
Reuters
NEW YORK (Reuters) - Home builder shares fell sharply on Wednesday as credit concerns mounted because of the widening effect of the crumbling U.S. housing market, and Beazer Homes USA Inc. (BZH.N: Quote, Profile, Research) dropped more than 40 percent before bouncing off the lows.
July 31, 2007 Social Security Privatization War
Miscellaneous
The push to cover the planet in trade deals is intended to give foreign investors new "rights." Now these deals are being used to keep failed private retirement systems in corporate hands.
July 31, 2007 Wheat's the new top of the crops
CNNMoney
dd wheat to the list of food sources whose price could break into stratospheric levels. But in this case, a straight line can't be drawn from ethanol demand to surging agriculture costs, as has been the case for price surges in corn, milk and beef. Instead, wheat's gain is due primarily to a lack of supply because of global drought.
July 31, 2007 3rd Bear Stearns fund in jeopardy
CNNMoney
NEW YORK (CNNMoney.com) -- A Bear Stearns' hedge fund with about $900 million in mortgage investments is reportedly facing huge losses and is refusing to return investors' money, according to a news report published online Tuesday.
July 31, 2007 American Home Mortgage's survival in doubt
CNNMoney
NEW YORK (Reuters) -- American Home Mortgage Investment Corp. said on Tuesday it can no longer fund home loans and may liquidate assets, putting its survival in doubt and sending its shares plummeting 90 percent.
July 31, 2007 German Lender Hit by U.S. Subprime Woes
New York Times
FRANKFURT, July 30 (Reuters) — The American subprime mortgage crisis claimed the lender IKB as a first victim in Germany today, setting off sharp falls in other German bank shares on fears that they, too, could face sudden problems.
July 30, 2007 President Bush to Attend North American Leaders' Summit in Canada
White House News
President Bush will travel to Montebello, Quebec, Canada to meet with Prime Minister Stephen Harper of Canada and President Felipe Calderon of Mexico at the North American Leaders' Summit on August 20-21, 2007. The leaders will review progress and continued cooperation under the Security and Prosperity Partnership, as well as discuss hemispheric and global issues.
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