|
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. |
|
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. |
|
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. |
|
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.
|
|
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. |
|
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. |
|
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. |
|
July 14, 2008 |
Jim Rogers attacks Fannie Mae and Freddie Mac bail-out
Telegraph (UK)
Renowned currency trader Jim Rogers has blasted the US government's planned bail-out of Fannie Mae and Freddie Mac as an "unmitigated disaster". |
|
July 14, 2008 |
Mundell: "I applaud all efforts to get support for a global currency."
Washington Times
He is known as the "father of the euro" because of his work on optimum currency areas. |
|
July 11, 2008 |
Housing bailout includes new fingerprint demand
Worldnet Daily
Mortgage lenders and brokers and even office assistants and secretaries could be subjected to new federal demands to be fingerprinted under a provision of a massive housing bailout plan – with attachments – that is moving through Congress. |
