Britannia Radio

"State Secrets" Privilege Not Gone with Bush: President Barack Obama has cast doubt on his promise to put an end to secret government by allowing his Justice Department to follow a path frequently taken by his predecessor.

Economic stimulus bill passes crucial Senate test: The vote late Monday was 61-36, one more than the 60 needed. The $827 billion bill is expected to pass the Senate on Tuesday.

New Bailout May Top $1.5 Trillion: The gravity of the financial crisis confronting the Obama administration will come into stark focus today when officials unveil a three-pronged rescue program that may commit up to $1.5 trillion in public and private funds, and possibly more, lawmakers and other officials said.

Dollar, Yen Rise as Geithner’s Plan Spurs Demand for Haven: The dollar and yen rose versus most of their major counterparts on bets Treasury Secretary Timothy Geithner’s financial recovery plan will fall short of reviving lending, increasing demand for a haven.

Key to success in the big bank bailout? Let 'em fail: One need not be a threat to the global financial system or be “too big to fail” in order to qualify for a handout. Just ask the lucky management of Flagstar Bancorp of Michigan, who, by sheer ineptitude in real estate deals, drove their company to the brink of collapse and their stock price down 97 per cent, and who were rewarded the other day with a $267-million (U.S.) cheque from Uncle Sam.

RBS to axe 2,300 jobs.. but still plans to pay out £1bn in bonuses to bankers

IBM Offers To Move Laid Off Workers To India: The climate is warm, there's no shortage of exotic food, and the cost of living is rock bottom. That's IBM (NYSE: IBM)'s pitch to the laid-off American workers it's offering to place in India. The catch: Wages in the country are pennies-on-the-dollar compared to U.S. salaries.

U.S. judges seek massive California prisoner release: Federal judges on Monday tentatively ordered California to release tens of thousands of inmates, up to a third of all prisoners, in the next three years to stop dangerous overcrowding.