Deep split over an economic fix as ministers meet

The leaders of the world's most powerful economies are deeply split over how to fight a downturn that is intensifying around the globe, with no nation in a position of strength as finance ministers gather to talk about the crisis.

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Pope: workers, families must be crisis priority

Pope Benedict XVI is encouraging political leaders and industrialists to make workers and their families the priority during the economic crisis.

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Candidates' debate over debate a part of strategy

John McCain and Barack Obama say presidential politics should have no role in the government's efforts to save the crippled financial system. Yet, each is playing his own politics toward the same goals — showing leadership during crisis, getting credit for any solutions, and, ultimately, winning the presidency.

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The financial crisis hasn't been kind to General Electric Co. Its stock has lost almost half its value, the government has stepped in to prop up its enormous financial arm, and sales have slumped in core industrial businesses.

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The 10 most troubled states are: Arizona, California, Florida, Illinois, Michigan, Nevada, New Jersey, Oregon, Rhode Island and Wisconsin.

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The U.S. Senate approved a $45 billion plan to expand a tax credit for first-time homebuyers, extend jobless benefits and provide tax refunds to money-losing companies.

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Crises expose the system's irrationalities and wasteful resource allocations. For example, Madoff and his many, smaller imitators reveal the tips of corruption icebergs.

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What is more likely happening is a repeat of the Great Depression. We might have up to a year or so of an economy growing just slightly above stagnation, followed by a drop in growth worse than anything we have seen in the past two years.

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Funds paid out so far = $83.8 billion + $52.1 billion + $71.4 billion = $207.3 billion $207,300,000,000 / 640,329 = $323,739.83 per job created

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In court cases in KS, OH, NY, NV and MA human beings are saving their homes from foreclosure by demanding that banks produce the Note.

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Some rich Germans have launched a web petition to call for the resumption of a wealth tax to help the country bounce back from an economic crisis, because, as one said, he had "a lot of money I do not need."

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Tony Wikrent on economicpopulist.org responds to Lord Griffiths' claim that banker's bonuses are necessary to create more wealth for all of society. What follows is a good breakdown of the structural causes of the current crisis, and what's needed to get us out of it.

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This article provides a transparent picture of how Wall Street and politicians honeymoon while WE THE PEOPLE foot the bill and have gotten nothing for our investment in them from the newly printed trillions that sooner or later will hyper-inflat the economy in my opinion.

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I am outraged that the Obama Administration promised changed and did not deliver. "Yes We Can" was a lie. The reality is "It's Business As Usual, Only Worse, With Higher Deficits".

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Ultimately, after the US consultants and intermediaries have taken their cut, Pakistan will get about three to four hundred million dollars which cannot do much when the country is several billion dollars short of its obligations and needs

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Unemployment crisis shows the failure of capitalism September marked the 21st consecutive monthly decline in jobs.... The longest continuous drop in US employment since the Labor Department began collecting such figures in 1939.

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Unemployment of this magnitude and duration also translates into ugly politics, because fear and anxiety are fertile grounds for demagogues wielding the politics of resentment against immigrants, blacks, the poor, government leaders, business leaders, Jews and other easy targets.

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Los Angeles, 2009: California may be the eighth largest economy in the world, but its state staff are being paid in IOUs, unemployment is at its highest in 70 years, and teachers are on hunger strike. So what has gone so catastrophically wrong?

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Most people would assume that 20 years from now when historians look back at 2008-09, they will conclude that the most important thing to happen in this period was the Great Recession. I'd hold off on that.

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By KATHY BARKS HOFFMAN, Associated Press Writer Kathy Barks Hoffman, Associated Press Writer – Sat Sep 26, 5:54 pm ET

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The communiqué will say: "We designate the G20 to be the premier forum for our international economic cooperation."

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Since its birth, the United States has grappled with the problem of an over-mighty financial sector. With the exception of Alexander Hamilton, the Founders' vision was of a republic of self-reliant farmers and small-town tradesmen.

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It may have been written off as a hopeless case less than a year ago, but the stock of the American International Group shot up to $50 on Thursday, capping a fourfold gain in the last two months.

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A recent analysis of the 2007 financial markets of 48 countries has revealed that the world's finances are in the hands of just a few mutual funds, banks, and corporations.

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Venezuelan President Hugo Chavez is taking over private companies in order to deal with the economic crisis that has affected both his country and the United States, and the Obama administration is trying to do roughly the same thing, Venezuelan political analyst Dr.

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Of course, if homeowners could, like corporations, declare bankruptcy and allow judges to modify their contracts -- a process called cramdown (another hilarious econo-term) -- then they would arguably be able to pay off their debts, stay in their homes and make their lenders happ …

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Chinese presence in Algeria has become the source of heated debates among Algerians as violent anti-Chinese clashes hit the Algerian capital.

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