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Harvard Healthbeat

Wednesday  15 OCT 2008

 
TODAY’S NEWS

 


Time Is Up
But the worst news is not in the stock market. It is in fact in some of the other indicators in the market which were indicating potential capital flight, along with still–extreme levels of stress.
I must caution everyone – if you are not prepared for six months to two years of unemployment, you need to be. If you are dependent on credit to survive [that is, if you couldn’t make it without your credit cards] you need to fix that now.

Alert: Nouriel Roubini:  The world is at severe risk of a global systemic financial meltdown and a severe global depression

Potential Economic Seizure Dead Ahead
fearful investor Fearful investors in global panic selling
Europe and Asia saw panic selling of stocks on Friday, knocking the benchmark world equity index to a 5–year trough, while oil fell to a one–year low as fears grew policymakers are not making enough efforts to contain the financial crisis.

U.S. Dragging The World Into A Great Depression

The Indonesian stock exchange halted indefinitely

McCain ignores questions
j.grub–
McCain Camp Ignores Questions About Candidate’s Military Record

THIS IS HOW FASCISM COMES: REFLECTIONS ON THE COST OF SILENCE

STOCK MARKET WEEK FROM HELL– –$8.3 TRILLION IN VALUE LOST

Global leaders race the clock
IMF confident governments will act in time to avert meltdown

stock selloff
GLOBAL STOCK SELLOFF

Italian Prime Minister Berlusconi said  political leaders discussing idea of closing world’s financial markets while they ‘rewrite the rules of international finance’… MORE

Grim day ahead
Stocks likely to get slammed again following a global selloff. Expectations of bailout grow.
Webmaster’s Commentary:  Bailout: Picking the pockets of the taxpayers to have another go at the crap table on Wall Street!

PANIC GRIPS WALL STREET

Asian Stocks Plunge, Set for Worst Week on Record

DOW HEADED STRAIGHT DOWN TOWARD 8000

financial meltdown
DOW LOSES ANOTHER 7%

Gregg Palast
STEAL BACK YOUR VOTE

Moscow calls for anti–US alliance
Webmaster's Commentary: Remember how the whole world ganged up against the Nazis? Yeah, kinda like that. And for many of the same reasons, too!

Chavez
Chavez blasts IMF
Venezuelan President Hugo Chavez accused the International Monetary Fund on Wednesday of causing the world financial crisis.

Russian Stocks Plunge Again, Trading Suspended

Asian Stocks Fall Again

sad day for Wall Street
Oil prices skid to 2008 low on falling demand

After Bailout, AIG Execs Head to California Resort

Official: Retirement assets down $2 trillion

Airlines Losing High-End Customers

Skittish Investors

DOW Down 200 Points
Stocks continue to slide despite rate cuts

UK Bank Shares Dive Again As Panic Spreads

more turmoil hits Asian markets
More turmoil hits Asian markets

Olmert to head to Russia for talks on missiles sale to Iran
The Israeli military establishment is becoming increasingly concerned over talks between Russia and Iran about the sale of S–300 anti–aircraft missiles to Tehran. The deployment of these missiles would pose a major obstacle to any Israel Air Force operation against Iranian nuclear facilities.

UPDATE: Russian nuclear warships sailing to Venezuela


Scientist: Economic woes may give planet a breather from ‘Global Warming’…

Bush ‘plotted to lure Saddam into war with fake UN plane’
George Bush considered provoking a war with Saddam Hussein's regime by flying a United States spyplane over Iraq bearing UN colours, enticing the Iraqis to take a shot at it, according to a leaked memo of a meeting between the US President and Tony Blair.
Webmaster's Commentary: 
Is this what almost happened today over Iran? –
Iran ‘forces down plane carrying US military officals’ This story is all over the map, with one source claiming US military people were on the plane, another claiming it was a Hungarian relief agency plane, etc. About the only thing we do know for a fact is that we are not getting the straight story here!

AP: Cindy Sheehan finds a bit of peace in run against Pelosi

Iceland suspended trading, first country to go bankruptcy ? UK in danger, why?


GOODBYE, 10,000

Asian markets plunge on fears crisis is spreading

Oil falls below $90

London plunges as banks pump billions into market
The FTSE index of leading shares dived by more than six per cent this morning, following sharp losses across Asian equity markets on growing concerns over the global financial crisis. By mid–morning, while FTSE 100 suffers biggest–ever points fall.

Georgia warned against anti–Iran alliance
A senior Russian official has warned that Georgia&4squo;lvement in a probable US war against Iran will pose a threat to Moscow’s security, PressTV reported.