The world’s largest automaker on the verge of collapse

GM, the world’s largest automaker is going through some very serious times. As reported by Freep.com, General Motors “revelaed a dire financial outlook Friday that has the company teetering on the edge of bankruptcy.” Sales have dropped...

Technology sector affected by global crisis

It’s somewhat funny, just a few weeks ago you could read in several news articles, how the tech sector wasn’t going to be affected by the global crisis. The NYtimes reported on the 28th September that Silicon Valley Barely Touched by Financial...

Bankruptcies on the rise

The financial crisis is going global and businesses which just managed to get by before the crisis are now coming down. Reports like the one found on Times Online today about bankruptcies in Britain is just one example of one nation being affected by...

The global crisis affecting commercial real estate

A recent article in the Washington Post reminds us of the real estate market and how hard it is being hit. On the one hand due to countless companies downsizing or simply going out of business throughout the US, office space is being emptied Share

Economic Crisis Envelops Russia, Too

Kiplinger.com publishes news story revealing that Russia too is feeling the global economic crisis: “Russia is suffering the effects of the global credit crunch, but that doesn’t seem to be making it any less of a threat to the U.S.”. Share

Financial crisis puts chill in Asian art

I have read many articles recently that try to play off the bright side about Asia regarding the global crisis. Many reporters claim that Asia (which experienced a financial crisis only 10 years ago), is not so susceptible to the current Share

Worried investors are pulling out billions

USATODAY reports that worried investors are pulling out billions of USD from the plunging stock markets. The economic crisis in the US is causing many people to move their savings from tumbling stock markets and not so strong banks. Share

Global financial crisis predicted to last another two years

Channel NewsAsia publishes story claiming that the global financial crisis will last another two years according to global economic expert Eisuke Sakakibara. According to Dr. Sakakibara, who is a professor at Waseda University, the global economic crisis...

Spain experiences huge rise in unemployment

 AP reports that Spain is hitting record numbers of unemployed. The government says the jobless rate now stands at 11.3 percent, although the European Union’s statistical agency puts it at 11.9 percent. Either way, Spain has the highest unemployment...

Obama on the global crisis

The Guardian reports that Obama has named his economic crisis team. Only a few days after being elected as the first Black President of the USA, Barack Obama announces his team of 17 members that will help him tackle the problem of the economic crisis. The...