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Russians play down crisis as economy falters
A shocking read, this article: Russians play down crisis as economy falters. “Russians know better than most what a crisis feels like. Share
Citibank bailed out, or problem postponed?
After watching the news yesterday and seeing how Citigroup has been granted a bailout I can’t stop wondering what all this entails. I mean the bank received $25 billion just about a month ago. And on the 24th the Treasury announces another $20...
Now, it’s a crisis!
NY Daily News publishes somewhat of an odd article titled: “Now, it’s a crisis!”. I’m not sure if this is a joke, a lack of respect, or just an ironic way of getting an opinion across to the public. Share
So how did the G-20 summit go over the weekend?
The G-20 summit this weekend has received all kinds of reviews over the past few days. So what exactly is the G-20? As stated on the G-20’s website: “The members of the G-20 are the finance ministers and central bank governors of Share
Economic crisis makes Obama’s job even harder
The times lying before Obama are tough and definitely very serious. As a recent article published on tennessean.com reports: “The wave of bad economic news that helped carry Barack Obama into the presidency this month now threatens to swamp him...
The financial crisis tab in the US: $5 Trillion
The financial crisis has taken a heavy toll on the US in just a few months. According to an article published on Forbes.com “CreditSights, a research firm in New York and London, [states that] the U.S. government has put itself on the hook for some...
Seoul struggles to silence crisis talk
The financial crisis is spreading around the globe like a wildfire, the TimesOnline reports of recent events in Seoul, South Korea. “Economists told local media that… Share
Mountain House, California drowns in debt
The New York times publishes a story about Mountain House, California. “Because of plunging home values, almost 90 percent of homeowners here owe more on their mortgages than their houses are worth, according to figures released Monday.” This...
Two more US banks collapse amid looming financial crisis
A story published today on Indiatimes.com informs of the latest addition to this year’s failed banks. The article goes on to stating that “More collapses are expected among the nation’s 8,400 banks.”. This doesn’t really...
