These People Are Burying Their Cashby Anne KadetThursday, November 20, 2008 The day the Dow fell 777 points, David Latham, a 45-year-old Alabama cattle farmer and electrician, was busy doing errands. Driving his Chevy pickup into Montgomery, he dropped by the hardware store, then stopped into the bank, where he withdrew $8,000 from his CD [...]

November 17, 2008 (LPAC)–Cargoes are rotting on the docks around the world, unable to be delivered, due to a lack of financing. The shipping business depends upon letters of credit: for cargoes to move, the shipper needs to know when he puts a cargo on a ship that the buyer at the other end will [...]

General Electric: Genuine Risk of Collapse?November 17, 2008 | about stocks: GE General Electric (GE), the legendary American institution, founded in 1878 by Thomas Edison, is in deep trouble. Its PR machine has been in constant spin mode as the company sinks deeper into despair. It is one of the few companies in the U.S. [...]

The U.N. Human Rights Council, frequently accused of coddling some of the world’s most repressive governments, threw itself a party in Geneva Tuesday that featured the unveiling of a $23 million mural paid for in part with foreign aid funds. In a ceremony attended by U.N. Secretary General Ban Ki-moon, Spanish artist Miquel Barcelo told [...]

Volcker issues dire warning on slump also OPPOSES BIG 3 BAILOUT!Paul Volcker, the former chairman of the US Federal Reserve, has warned that the economic slump has begun to metastasise after a shocking collapse in output over the past two months, threatening to overwhelm the incoming Obama administration as it struggles to restore confidence. By [...]

WASHINGTON (AP) – Prospects dimmed Monday for enactment of a $25 billion bailout for the faltering auto industry before year’s end, as congressional Democrats and the Bush administration seemed headed for a stalemate. Help for Detroit’s Big Three, which have been battered by the economic meltdown that has choked their sales and frozen their credit, [...]

HEADLINES:CITIBANK LAYING OF 53,000 more to follow? READ IT HERE From the British TELEGRAPH: (snippets)But this week, I saw a picture in a newspaper which really did tell the story. It was an aerial shot of Hong Kong harbour. Rank upon rank of merchant ships stretched away across the water. Normally such scenes are displays [...]

HEADLINES:CITIBANK LAYING OF 53,000 more to follow? READ IT HERE From the British TELEGRAPH: (snippets)But this week, I saw a picture in a newspaper which really did tell the story. It was an aerial shot of Hong Kong harbour. Rank upon rank of merchant ships stretched away across the water. Normally such scenes are displays [...]

Courtesy of the NY TIMES:China Stats:GDP: 9.74%Inflation: 6.43%Unemployment: 4%*Markets: -64.92%Gallon of gas: $3.48Interest Rates: 6.66%The slowdown in exports contributed to the closing of at least 67,000 factories across China in the first half of the year, according to government statistics. Labor disputes and protests over lost back wages have surged, igniting fear in local officials. [...]

Food Riots, Tax Rebellions By 2012…Trend forecaster, renowned for being accurate in the past, says The man who predicted the 1987 stock market crash and the fall of the Soviet Union is now forecasting revolution in America, food riots and tax rebellions – all within four years, while cautioning that putting food on the table [...]