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September 02, 2008 |
Retailers slash prices to draw buyers
Breitbnart.com
In a bid to pull hesitant shoppers into their stores, retailers are slashing prices on everything from jeans to dinnerware. But those fat discounts will likely come at a big cost for the companies. |
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September 02, 2008 |
UK: Government can't afford a proper bail-out
Telegraph (UK)
The UK housing market has found a strange and rather sad equilibrium. When it does function, it's at levels that spiral closer to Hades every day. |
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September 02, 2008 |
Japan is all too coupled with global economy
Reuters
Far from being "decoupled," Japan is proving to be on a very bad date with the global economy. |
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August 30, 2008 |
Economy at 60-year low, says Darling. And it will get worse
Guardian
Britain is facing "arguably the worst" economic downturn in 60 years which will be "more profound and long-lasting" than people had expected, Alistair Darling, the chancellor, tells the Guardian today. |
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August 28, 2008 |
Russia may cut off oil flow to the West
Telegraph (UK)
Fears are mounting that Russia may restrict oil deliveries to Western Europe over coming days, in response to the threat of EU sanctions and Nato naval actions in the Black Sea. |
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August 26, 2008 |
Biggest quarterly drop in home prices ever
Yahoo! News
A widely watched index released Tuesday showed home prices dropping by the sharpest rate ever in the second quarter, but the data for June suggest the severity of the housing slump may be waning. |
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August 10, 2008 |
China to overtake US as largest manufacturer
Financial Times
China is set to overtake the US next year as the world’s largest producer of manufactured goods, four years earlier than expected, as a result of the rapidly weakening US economy. |
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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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