25 People to Blame for the Financial Crisis
The good intentions, bad managers and greed behind the meltdown ... [full article
"Find exhaustive list of people who are probably responsible for this current financial crisis. The article gives you names, what they are, why they are in this blame list etc., also you can vote on each of them. You can vote them as innocent or guilty on the scale of 1 to 10. Also find the results. Hundreds of thousands people have participated in this very unique voting." - mb
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9,000 jobs terminated every day in January
... New York: With the world economy shrinking at a quick pace, about 9,000 jobs have disappeared worldwide on an average every day during the month of January. Moreover, of the 277 000 layoffs this year so far, 80,000 happened ... [full article
"If you closely observe the list of companies that are laying off employees have been performing badly for years now. To me it looks like many giant (ex-giant to be precise) companies are just making use of the 'Recession' to do all sought of cost cutting." - kzee4
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Congress, White House reach financial bailout deal
... WASHINGTON - Congressional leaders and the Bush administration reached a tentative deal early Sunday on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession. ... [full article
"$700B!! is it not very huge??" - yamy
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Shock waves hit Wall St. as 2 big firms fall
... Lehman Brothers, a 158-year-old investment bank choked by the credit crisis and falling real estate values, filed for Chapter 11 protection in the biggest ... [full article
"Breaking News!" - Cool B
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