Tuesday, 16 September 2008



Last Updated: Tuesday, September 16, 2008 12:29 GMT
You know things are bad when Yahoo.com, the most trafficked website in the world and usually a purveyor of mindless celebrity gossip, cooking tips and dating advice, features a top story about how Americans could lose their bank deposits following the collapse of Lehman Brothers.
 Inflation rises to 4.7% and FTSE plunges ANOTHER 90 points as global markets tumble in wake of Meltdown Monday
• 
How the Masters of the Universe ran amok and cost us the earth
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Why AIG is in Trouble . . .and Why its Failure Would Be a Big Deal

Just two weeks ago, the Chancellor, Alistair Darling, was being roundly condemned for exaggerating the size of Britain's economic crisis by saying it was the worst for 60 years.

• McCain On ‘Black Monday’: Fundamentals Of Our Economy Are Still Strong
• Global share rout continues
• Fed set to hold rates steady