Porsche feels the global economic crisis

Porsche Automobil Holding SE, announced today that due to the global economic ciriss, the company’s sales have dropped by 14.3 per cent. Share

As Obama takes oath, Banks plunge deeper into crisis

The shares of major U.S. banks plunged on Tuesday amid fears that Washington’s bailout movements were coming to a stop. Share

Britain announces a second bailout for its banks

In light of the dramatically fragile situation of Britain’s banks, the Government has announced a second bailout for Britain’s banks. Share

$100 billion for U.S. home crisis

Last Thursday, U.S. President-elect Barack Obama’s administration announced plans to address the home mortgage crisis Share

A quick solution for the housing and economic crisis

I just read an interesting letter to the editor on The Seattle Times which although rather simplistic, makes a very powerful point. The letter to The Seattle Times editor reads: Share

Bush bails out GM and Chrysler

“George W. Bush yesterday handed the fate of US car makers to president-elect Barack Obama as he announced plans to lend General Motors and Chrysler $17.4bn Share

EU ministers to address economic crisis in Paris

Anna Wilard from the Guardian reports on Thursday’s meeting between European ministers in Paris Share

Who’s to blame for the Big Three crisis?

I just read an interesting article on the Nashua Telegraph, titled: “Don’t blame the union for Big Three crisis” which at first seems rather interesting since it talks about the sources and origins of the big problem 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...

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