Thursday, 12 February 2009

Moneynews

Breaking News from Moneynews.com

Banking System Nearly Evaporated Last Fall
The chairman of the capital markets subcommittee in the U.S. House of Representatives, Rep. Paul Kanjorski (D-Pa.), says the global economy nearly collapsed last fall during a frenetic few hours as more than half a trillion dollars vanished during an "electronic run" on U.S. banks.
Read the Entire Article — Go Here Now.


Crux PM update:

Major American cable provider goes broke
Charter Communications will file for bankruptcy protection by April 1.

One of the few politicians to call B.S. on the boondoggle
South Carolina's governor will be attacked for having common sense.

Plasma TV giant calls it quits

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Expats flee Dubai; avoid “debtors’ prison”
Foreigners make up 90% of Dubai’s population, and they’re leaving… can’t be good for the economy.

Doug Casey's top places to live
Keep these handy in case the U.S. really goes to hell.

Jim Rogers is getting short again
Says banking rescue plan is "a big, horrible disaster."

General Motors is "crouched and ready to pounce" says CEO
Rick Wagoner is either totally insane or the most optimistic person on the planet.

People still eating out; restaurant stocks soar
Three restaurant stocks rallied today after better-than-expected earnings.