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Economy

 

Date Link Article
November 10, 2008 Obama to use executive orders for immediate impact
MyWay.com
President-elect Obama plans to use his executive powers to make an immediate impact when he takes office, perhaps reversing Bush administration policies on stem cell research and domestic drilling for oil and natural gas.
November 10, 2008 Chance of depression overshadows G20 summit
Reuters
The "D" word has crept into the debate ahead of the Washington G20 crisis summit. Not Deflation, but Depression.
November 10, 2008 US May Lose Its 'AAA' Rating
CNBC
The United States may be on course to lose its 'AAA' rating due to the large amount of debt it has accumulated, according to Martin Hennecke, senior manager of private clients at Tyche.
November 10, 2008 Corporations versus the Market; or, Whip Conflation Now
Miscellaneous
Defenders of the free market are often accused of being apologists for big business and shills for the corporate elite. Is this a fair charge?
November 09, 2008 Gorbachev calls on Obama to carry out 'perestroika' in the U.S.
Miscellaneous
Former Soviet leader Mikhail Gorbachev has said that the Obama administration in the United States needs far-reaching 'perestroika' reforms to overcome the financial crisis and restore balance in the world.
November 06, 2008 Tax Hikes, Budget Cuts In The Works For NYC
Miscellaneous
Mayor Michael Bloomberg is going to cut the city work force by 3,000, but that's just the beginning of the pain New Yorkers will feel as part of the fiscal crisis. A slew of new taxes are also on the agenda.
November 06, 2008 Deflation: the new threat
Fortune Magazine
Forget about inflation. The opposite threat - deflation - is what has policymakers sweating now.
November 05, 2008 US treasury sells bail-out bonds
BBC (UK)
The United States government plans to sell bonds worth $55bn (£34bn) in an effort to finance its bank rescue programme.
October 09, 2008 For states, it's a 'worst-case scenario'
CNNMoney
States and municipalities are facing their worst budget crunches in decades - and it's only going to get worse.
October 07, 2008 2008: Worst DJIA crash since 1937
Bloomberg
U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens.
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