Wednesday, 14 January 2009

Bernanke: U.S. Financial Crisis Worse than Japan’s Lost Decade, but We’ll Still Copy the Japanese Playbook, Even Though It Didn’t Work
Today, Ben Bernanke acknowledged that the U.S. economic crisis is worse than the Japanese 1990’s economic crisis.

• Latvians Riot Over Credit Crisis 
 Shipping rates hit zero as trade sinks


Bush Declares State of Emergency for Inauguration
It’s true, President Bush sounded alarms about Barack Obama during the campaign season. On Tuesday, Mr. Bush went one step further: He declared Mr. Obama’s inauguration an actual emergency.