Dow Drops 500 Points, Below 10000, Lowest level in 4 years, down 4.5%

"Oct. 6 (Bloomberg) -- Stocks tumbled around the world, the euro fell the most against the yen since its debut and oil dropped below $90 a barrel as the yearlong credit market seizure caused bank bailouts to spread through Europe. Government bonds rallied. The Dow...

Peter Mandelson to return to Cabinet

In a truly stunning move, Peter Mandelson, the EU's Trade Commissioner, has been recalled to London to serve in Gordon Brown's cabinet. Mandelson was a powerful voice in Brussels, and it will be interesting to see...

Long gold, long silver, a lifeline for hedge funds? « Peter J. Cooper’s We...

" Perhaps the hedge fund managers should take their cue from the central banks which are not going to be selling gold over the next 12 months as they have been over the past four previous years. Supply is coming out of the market at a time of rising demand for a hedge...

Brother could you spare $3553.38? Each American's Portion of the Bailout

Brother could you spare $3553.38?  Each American's Portion of the Bailout By Albert N. Milliron, Editor, Politisite.com, Iron Mill Interactive Media Based on the United States Census Figures from the year...

Congress leaders optimistic on revived bailout

" WASHINGTON (AP) -- Congressional leaders said that adding tax breaks and increasing federal deposit insurance should improve chances a $700 billion financial rescue plan will pass the Senate Wednesday...

Cruel mob in 'jump' taunts to death plunge teen

In a truly shocking reflection of the modern society we have created, a teenager in the UK jumped to his death after being taunted and urged to jump by the crowd gathered below."A suicidal teenager plunged 60ft to his death from a multi-storey car-park after a baying crowd of...

Ohio Voters Head to the Polls

A vote in Ohio is going ahead today amid a controversy over the voting procedures in the state. "With the credit crisis roiling Washington, Wall Street and the presidential campaign, voters in the key battleground state of Ohio cast their first ballots amid a controversy over...

Emergency Economic Stabilization Act of 2008 - See Full Text

Many people across the web are complaining that are having difficulty accessing the Emergency Economic Stabilization Act of 2008 via the Speaker of the House and the Financial Services Websites.  We have provided...

Wall Street Bailout Vote Fails

The $700 billion bailout bill failed to get enough votes, leaving markets in disarray Monday afternoon. 205 have voted Yea and 228 have voted Nay. At least 218 votes are required to pass the bill. The House has...

Fire Crews at Famous London Hospital

Firefighters are fighting a blaze at the Great Ormond Streest Hospital, a famous London hospital. The fire was caused by an explosion in the cardiac wing of the hospital, which is said to have come from a gas...

Poll on the economy: Americans gloomier, for now

"As people on Wall Street and Main Street hold their breath to see if a federal bailout of the nation's financial institutions will work, Americans are starting to speak — not whisper — the word "depression." In a sign that anxiety is growing, 33% of 1,011 adults surveyed...

What the Wall Street titans "earned"?

Over 20 years ago I "temped" on the third shift at Abbott Laboratories. My job was to use an experimental mold to stamp out pieces for a proposed product. This mold shot out just one piece at a time and cost $5,000...

Bomb Kills 17 In Syrian Capital

MSNBC News is reporting that a car bomb killed 17 people and injured more than a dozen others, in the Syrian capital of Damascus."The TV said a car packed with 440 pounds of explosives blew up on Mahlak Street,...

Rogue Republicans stick to party ideology, Shelby not factual with the Press.

Rogue Republicans stick to party ideology, Shelby not factual with the Press. By: Bobbi LinnThursday, September 25, 2008, 11:23 PM We heard it from the horse's mouth. Both Republican and Democrats gave a press...

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