Stocks worldwide have plummeted in the wake of yesterday’s unprecedented decision by leading central banks to pump billions into money markets in a bid to avoid a worldwide recession.
By Paul Wood
Uncertainty follows Basra exit
On Sunday, Britain forces are due to hand over control of security in Basra, the last area of Iraq for which
they still have responsibility…
Political Market For Midget Europe In The Giant Asia
– By Gaither Stewart
The shift eastward of the balance of power raises another question: what kind of political organization will
the Asia–oriented globalized world have? It is not excluded that the European political model with its
theories of the equality of all men will carry no weight in the socio–political make–up of the
world of the future
Bush Threatens To
Veto Bill That Bans Torture
The 222-199 vote sent the measure to the Senate, which still must act before it can go to President Bush. The
White House has threatened a veto
MORE News
World Abandoning the US Dollar as International
Currency For Trade
The foreign exchange markets are not solely about exchange rates. They are about values, smooth flowing of
international trade, about trust and reliability. The sight of the $ falling over a long period of time, with
bounces and recoveries that don’t change the downward trend is far more than simply a drop in value!
Countrywide reports doubling of foreclosures
Countrywide Financial said on Thursday foreclosures had doubled in November, while late payments continued to
rise amid the US subprime housing crisis
Fed to try another way of injecting banks with cash
Gold glitters in the eyes of Russia’s billionaires
Fed’s money helicopters take off for Europe, Britain, Canada
from Eric G
Ten Reasons Why "Save Darfur"
is a PR Scam to Justify the Next US Oil and Resource Wars in Africa
MORE Business News
The US economy continues to flaunt history and economics. At 6.4% of GDP (US$58.9bil), US trade deficits
are perilous and significantly exceed those of Rome, Brazil or any Asian country one decade ago.
With the recent decline of the US dollar, there are good reasons to expect its slide to continue.
Weak economic numbers triggered the fall of the greenback against slower housing starts, sluggish durable
goods orders and lethargic consumer confidence – all point to a correction in the economy.
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