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GLOBAL-ECONOMIC-SLOWDOWN

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Downturn Heightens China-India Tension on Trade
Source: Wall Street Journal

Shrinking World Demand for Exports Sparks Complaints of Dumping, Protectionism Between Possible Asian Allies...

Monkey waiters (Two different Video Links for this story)
Source: CNN

-- 2 different Video Links for this story-- Excerpt: Hard pressed to find good helping hands these days? Not bothered that these helping hands may not be human? Then you may want to try hiring the same workers as used by the owners of the Japanese tavern Kayabukiya.

Bush Urges Common Global Financial Principles
Source: The New York Times

President George W. Bush, who will host a global summit on the financial crisis next month, said on Saturday that agreeing on common principles to reform regulators would be essential to preventing another disaster.

Chinese economists warn of the "biggest adjustment" in 30 years
Source: WSWS

While last weekend's bailout of Freddie Mac and Fannie Mae received plaudits from Wall Street, it was also warmly welcomed by the Chinese government.

Dollar Rises to One-Year High Against Euro on Global Outlook
Source: Bloomberg.com

The dollar rose to a one-year high against the euro on signs global growth is slowing, and the yen strengthened on speculation investors will sell higher-yielding assets funded by loans in Japan.

US Stocks Retreat on Inflation Concern, Housing Data, Losses
Source: Bloomberg.com

U.S. stocks tumbled for a second day after wholesale prices climbed twice as fast as economists projected, housing starts fell and concern grew that the nation's biggest financial firms will post more losses.

Goodyear to shut down its last tyre plant in Australia
Source: WSWS

In another blow to an area already blighted by high unemployment, the US-based Goodyear Tire and Rubber Company will shut down South Pacific Tyres (SPT) at the end of this year, destroying nearly 600 jobs.

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