Markets Continue to Fall Across the World; Dow Jones Falls Below 8,600

Stock markets across the world have fallen dramatically as worries that recent government moves might not prevent a global recession. The largest drop was with the the Dow Jones (DJIA), which fell 678 points, or more then 7.3%, to below 9,000 to close at 8,579.19. Read more

Manicures, Pedicures And $85 Billion - Political Opinion

You run one of the world’s largest and most respected insurance companies into the ground to the point that the government has to fork over $85 billion in taxpayer money just to stave off bankruptcy, so what do you do next? Go to Disney World? How about a week-long vacation at the posh St. Regis Monarch Beach Hotel in beautiful Dana Point, Calif., where rooms start at $425 a night? Read more

Are We Heading for a Global Recession?

The $700 billion bailout package did nothing to quell investor’s fears on Wall Street as the Dow Jones Industrial Average closed trading down more than 370 points on Monday with worldwide markets faring no better. Read more

New Advertisement Says Trade Imbalance is Driving the Collapse of the Global Economy

With global fears of recession growing stronger and stock prices plummeting worldwide, a new ad in today’s New York Times calls for a fix to the global trade imbalance that is accelerating the collapse of the world economy. The ad, sponsored by the Institute for America’s Future features the image of a noose and says, “even the rope we’re hanging ourselves with is made in China.” Read more

World Markets Plummet in Credit Crisis

U.S. stocks opened sharply lower, mirroring losses in Europe, Asia, and much of the developing world. In New York, the Dow Jones Industrial average crossed below an important psychological floor - the 10,000 mark - for the first time since October, 2004. The Dow was roughly five percent lower in midday trading. It has lost about a quarter of its value so far this year. Read more

Here’s How to Fix the Wall Street Mess … From Michael Moore

Michael Moore writes: Friends, The richest 400 Americans — that’s right, just four hundred people — own MORE than the bottom 150 million Americans combined. 400 rich Americans have got more stashed away than half the entire country! Their combined net worth is $1.6 trillion. Read more

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