Arsonists Torch Berlin Porsches, BMWs on Economic Woe : When Berlin resident Simone Klostermann returned from vacation and couldn’t find her Mercedes SLK, she thought it had been towed. Police told her the 35,000- euro ($45,000) car had been torched.
'We're Not Paying For Your Crisis!': Anger rises in Germany as the economy falls. Trade unions and globalization-critical protesters are planning demonstrations in Berlin and Frankfurt under the banner: "We're not paying for your crisis."
Supermarket Cashier Becomes German Anti-Capitalist Hero: In these times of economic crisis, even such a measly sum as €1.30 ($1.66) can turn a supermarket cashier into a national hero -- and may ultimately cost a leading German politician his job.
Thousands of Opel Workers Demonstrate against GM: Huge losses in Detroit threaten to doom the German carmaker Opel, and the workers want a divorce from the parent company.
Warning for the West as crisis spills onto streets: The slump that has swept through developed nations like the UK, the eurozone and the United States is hitting the world's emerging economies with a speed and ferocity that has shocked even the most pessimistic analysts.
Violence between repo men, car owners on the rise: The 67-year-old railroad retiree grabbed a gun, walked out the back door and confronted not a thief but a repo man and two helpers trying to tow off the Chrysler Sebring. Shots were fired, and Tanks wound up dead, a bullet in his chest.
Citi Gets Nationalized; Don’t Call It Nationalization: The Government has reached a deal to buy 36% of Citigroup’s common stock. The United States will now be the largest shareholder of the troubled bank (But don’t call it nationalization). Citigroup announced another huge quarterly loss.
Citigroup Stock Costs Less Than Their ATM Fee: The shareholders have essentially been wiped out
Problem bank list tops 250: FDIC reports that number of troubled institutions soared during the fourth quarter to the highest level since 1994.
Dow Jones Industrial Average marks worst February point drop in history: The S&P closed at 752.44 on Nov. 20, though the benchmark on Monday undercut that prior bear-market low.
Govt: 'Mass Layoffs' Soared In January: Employers took a large ax to their payrolls in January, the government said Wednesday, and the cuts are likely to get worse over the next few months.
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