CNN’s Glenn Beck and Peter Schiff: Inflation Nation and Martial Law

Added: Oct. 13, 2008Source: YouTube continue reading world news

U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

A trader looks up at monitor while working on the floor of the New York Stock Exchange in New York on Oct. 15, 2008. Photographer: Jin Lee/Bloomberg NewsOct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt [...] continue reading world news

Japan Stocks Drop Most in 21 Years as Recession Concerns Mount

Pedestrians walk past an electronic stock board in Tokyo, Oct. 16, 2008. Photographer: Tomohiro Ohsumi/Bloomberg NewsOct. 16 (Bloomberg) — Japanese stocks plunged the most in two decades as a drop in U.S. retail sales pointed to a deepening recession and Prime Minister Taro Aso reinforced concern a bank bailout will fail to stem a rout [...] continue reading world news

Feds investigate Washington Mutual failure

A sign at a Washington Mutual Bank (WaMu) branch is shown in San Francisco, California September 26, 2008. REUTERS/Robert GalbraithNEW YORK (Reuters) - Federal investigators have opened an investigation into the collapse of Washington Mutual Inc, the largest U.S. banking failure.Jeffrey Sullivan, U.S. attorney for the western district of Washington, said in a statement on [...] continue reading world news

Switzerland Bails Out UBS; Credit Suisse Raises Funds

Pedestrians walk past a branch of the UBS bank in Bern, Switzerland, on Thursday, Oct. 2, 2008. Photographer: Adrian Moser/Bloomberg NewsOct. 16 (Bloomberg) — Switzerland gave UBS AG, the European bank with the biggest losses from the credit crisis, a $59.2 billion rescue and pushed Credit Suisse Group AG to raise funds, joining authorities around [...] continue reading world news

US hedge funds suffer heavy withdrawals

Investors pulled at least $43bn from US hedge funds in September as market turmoil led to unprecedented withdrawals, an analysis by a leading research house shows.The data from TrimTabs Investment Research - which was to be sent to clients late on Wednesday - come as hedge funds are working to prevent far bigger redemptions by [...] continue reading world news

Birmingham on the brink of bankruptcy

With $3.2 billion in debt, the county that is home to Alabama’s largest city is about to go bust. How the credit crisis went South.(Fortune Magazine) — Bob Riley wanted to help. It was Sunday, Oct. 5, and the Alabama governor was on the phone with Neel Kashkari, a Treasury Department official who the next [...] continue reading world news