The International Monetary Fund said Tuesday that financial losses stemming from the U.S. mortgage crisis might approach $1 trillion, citing a "collective failure" to predict the breadth of the crisis. picked by deEPCHill 2 years ago

The financial crisis that began 13 months ago has entered a new, far more serious phase. Lingering hopes that the damage could be contained to a handful of financial institutions that made bad bets on mortgages have evaporated. New fault lines are emerging beyond the original problem in areas like credit-default swaps, the credit insurance contracts sold by American International Group Inc. and o... read full post picked by bingo 1 year ago

Cca 3,000 priests have gathered here to hold a two-year-long yagna (religious ritual) where they are sitting around 109 sacrificial fires and chant hymns to appease goddess Meldi to tackle the Global Financial Meltdown. picked by SkandarGraun 12 months ago

The heart of London's financial district has gone wireless. The Square Mile, Europe's premier financial center, has been turned into an oversized WiFi "hot zone," turning broadband-speed Internet into radio signals that can accessed through browsers on laptops, handheld game consoles, WiFi-enabled mobile phones and personal digital assistants. picked by AutumnLotus 3 years ago

Financial services guy posts information in general laymen's terms on finances, with links and lots of resources. He's got ideas on everything from what to do if your wallet is stolen to getting out of debt.
(Some information is geared toward college students, but most are general financial information). picked by lynxears 4 months ago

German billionaire Adolf Merckle threw himself in front of a train after his business empire, which included interests ranging from VW cars to pharmaceuticals to cement, ran into trouble in the global financial crisis picked by Bornbad 11 months ago

Today's global financial cloud got you feeling gray? Vermonter Jim Merkel sees a silver lining. picked by karenben 1 year ago

Food crisis - what food crisis!! picked by topofall 1 year ago

“So many things have happened – all of a sudden, the economy goes south at that moment, and then McCain,” Lee replied. “There were so many things. It was almost a movement that had to be ordained, I think.” picked by 2manyusernames 10 months ago

The economic crisis action that is. picked by suebe 1 year ago

The global economic crisis isn't about money - it's about power. How Wall Street insiders are using the bailout to stage a revolution
long article, but worth reading picked by 2manyusernames 8 months ago