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August 10, 2008 |
U.S. land grab by sovereign wealth funds
Miscellaneous
Foreign money, which up to now has focused its attention on investing in iconic commercial real estate - like Barneys New York and the Chrysler Building - is now moving to scoop up tens of thousands of discounted foreclosed homes across the country. |
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August 04, 2008 |
Project to rebuild Internet gets $12 million in seed money
Washington Times
A massive project to redesign and rebuild the Internet from scratch is inching along with $12 million in government funding and donations of network capacity by two major research organizations. |
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July 29, 2008 |
U.S. oil fields given to Russia by State Department
Worldnet Daily
Even if Congress follows President Bush's lead in opening off-shore oil exploration, there exist over 125,000 square miles of sea bottom that won't be explored, because the State Department – amid controversy and against the will of Alaskans – has surrendered the land to Russia. |
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July 28, 2008 |
WTO global trade pact derailed
CNNMoney
Trade officials said Tuesday that a high-level summit to salvage a global trade pact collapsed, after the United States, China and India failed to compromise on when poor countries could raise import tariffs on farm products. |
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July 22, 2008 |
GM, Ford `On the Verge of Bankruptcy,' Altman Says
Bloomberg
General Motors Corp. and Ford Motor Co., the two biggest U.S. automakers, have about a 46 percent chance of default within five years, according to Edward Altman, a finance professor at New York University's Stern School of Business. |
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July 21, 2008 |
The global economy is at the point of maximum danger
Int'l Herald Tribune
t feels like the summer of 1931. The world's two biggest financial institutions have had a heart attack. The global currency system is breaking down. The policy doctrines that got us into this mess are bankrupt. No world leader seems able to discern the problem, let alone forge a solution. |
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July 20, 2008 |
Paulson braces public for months of tough times
CNNMoney
Treasury Secretary Henry Paulson sought to reassure an anxious public Sunday that the banking system is sound, while also bracing people for more troubled times ahead.
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July 18, 2008 |
Oil prices tumble in biggest weekly drop ever
Breitbnart.com
A stunning sell-off dragged oil prices to their biggest weekly drop ever and gas prices at the pump slipped by the more than they have at any point since February, giving consumers a rare breather in a year of record fuel prices. |
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July 15, 2008 |
EU Recession looms as Spain crumbles
Telegraph (UK)
The eurozone is tipping into a deeper downturn than America itself despite the tremors in the US mortgage industry, and may already be in full recession for the first time since the launch of the single currency. |
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July 14, 2008 |
Big investors starting to predict end to euro rally
Int'l Herald Tribune
For three years euro bulls used the prospect of higher interest rates in Europe to justify the currency's 32 percent rally against the dollar. No more. |
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