Sunday, 23 November 2008


Gates seen more likely to stay as Pentagon chief: – What Robert Gates once called "inconceivable to me" — his remaining as defense secretary beyond Inauguration Day — is looking a bit more conceivable to the rest of Washington.

Obama Said to Pick Geithner as Treasury Secretary : Geithner helped lead the U.S. response to the deepest financial crisis in seven decades, including the takeover of American International Group Inc. and Bear Stearns Cos. rescue, and decision to let Lehman Brothers Holdings Inc. fail.

Why Washington Cannot Prevent Depression: The dire reality: Washington is not God. It cannot save the world. It cannot prevent the next depression. Hard to believe? Here’s the proof:

Dennis Kucinich "Racketeering On A Scale This Country Has Never Seen Before!!!" 4 Minute video

Citigroup May Get Government Rescue, Investors Say: Citigroup Inc. will probably get rescued by the U.S. government after a crisis in confidence erased half its stock-market value in three days, investors and analysts said.

In case you missed it: Professor Ngaire Woods: The death of the dollar?: We are living in economic chaos. Banks, homes, jobs, and businesses are at risk.

GM May Have Weeks, Not Months, Without Aid, York Says: Chief Executive Officer Rick Wagoner ``all but said'' at congressional hearings in the past two days that GM can't continue to operate until a new U.S. administration takes over in January, York said in a Bloomberg Television interview today.

White House to extend unemployment benefits: With weekly jobless claims benefits at a 16-year high, the White House said Thursday that President George W. Bush would sign quickly legislation pending in Congress to provide further unemployment benefits.