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MELTDOWN

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American charities may not have a happy holiday

American charities have weathered a significant drop in giving this year, and while they're hoping for a holiday miracle, a recent survey shows they will probably see a decrease in year-end generosity.

Meltdown 101: Some signs of strength in US exports

The trade deficit might have widened in September, but try telling that to U.S. jewelry makers, loggers and machine manufacturers who have customers in other countries.

Recession's good news: Cities see burglaries fall

Ever since he was laid off in March, Frank Beil has been on the lookout.

Meltdown 101: When unemployment last hit 10 pct

The last time unemployment climbed past 10 percent, "The A-Team" was one of the top 10 TV shows and Michael Jackson was about to release "Thriller."

Smart Rx: Drugs that work and won't break the bank

Last year pharmaceutical companies spent more than $4 billion urging patients like you to "ask your doctor" about their drugs. But if you want a prescription that won't empty your wallet, while still keeping you well, you might start asking your doctor about drugs you don't see on TV.

Meltdown 101: Ford has suffered less than rivals

Ford Motor Co. has been riding a wave of positive public sentiment since it steered clear of bankruptcy protection and avoided taking federal bailout money — unlike its crosstown rivals, General Motors Co. and Chrysler LLC.

Meltdown 101: What to know if your bank fails

Dozens of banks have failed this year. What do you need to know if yours is next?

Meltdown 101: Why did GDP rise — and will it last?

Can growth in the gross domestic product, the broadest measure of the nation's economy, be sustained?

Record NYC real estate deal now on the rocks

It was the most expensive real estate deal in U.S. history. Now it's poised to become one of the biggest flops.

Meltdown 101: How does a hedge fund work?

The arrest of a billionaire in an insider trading case last week drew new attention to hedge funds — investment firms that, for many, evoke an exclusive world where the super rich use exotic investing techniques to grow yet richer.

Meltdown 101: Housing starts show industry's woes

Housing construction is crawling out of its very deep hole, but no one expects it to reach the heights hit before the housing bubble burst — at least not for a very long time.

Broxton blows it in 9th for Dodgers

Jonathan Broxton got the Los Angeles Dodgers to the brink of a tying win in the NL championship series. Then he gave it away.

Meltdown 101: Budget gap huge, but has been worse

The federal government's budget gap is huge — but by some measures, it's been bigger in the past.

Meltdown 101: Consumer prices by the numbers

The recession delivered at least one major perk for the family pocketbook: Prices for everything from meat to heating fuel remain as tame as they've been in memory.

Report: Lawmakers to cut state budgets even deeper

In Massachusetts, freefalling tax revenue will mean no more dental and hospice care for legal immigrants. Maryland is closing a mental health center. And Illinois has $2.9 billion in unpaid bills.

The Great Recession: The numbers tell the story

A year ago this weekend, the Dow Jones industrial average had just finished a slow-motion crash. Over eight days, it fell 2,400 points, or 22 percent, and stood at 8,451.

Home sweet home investment? Sure, in the long run

For all the doom and gloom about the housing market, it still generally pays to own a home.

Meltdown 101: What is a short sale of a home?

For a homeowner who needs to sell but has a mortgage balance higher than the property value, one option is something called a "short sale."

Next asset bubble could come sooner than you think

The next financial bubble could come sooner than you think.

Amid the global economic crisis, China rises

The auto-parts maker Delphi Corp. is headquartered in Troy, Mich., in the heart of the region that made the United States the car capital of the world. It's a place where the phrase "buy American" is right at home.

Where's the next boom? Maybe in `cleantech'

Our economy sure could use the Next Big Thing. Something on the scale of railroads, automobiles or the Internet — the kind of breakthrough that emerges every so often and builds industries, generates jobs and mints fortunes.

For young, recession offers deals of a lifetime

The Great Recession has turned into the best of times for young investor Daniel Lee.

Government report questions rescue claims

The credibility of the government's $700 billion financial rescue program was damaged by claims a year ago that all of the initial banks receiving support were healthy, a new report contends.

Waves of new fund cuts imperil US nursing homes

The nation's nursing homes are perilously close to laying off workers, cutting services — possibly even closing — because of a perfect storm wallop from the recession and deep federal and state government spending cuts, industry experts say.

Great time for US consumers: America is on sale

There has never been a better time to be a consumer. America is on sale.

The Vine
Why Won't Obama Give You a Job?
Source: AlterNet.org

"But while caution's prevailed in Washington when it comes to bailing out "Main Street," Wall Street's enjoyed a degree of socialism that would make Hugo Chavez blush.

Why Can't Prosecutors Even Come Close to Taking Down Wall Street Thugs?
Source: AlterNet.org

"The bankers at Goldman Sachs, Goldman's CEO pronounced last week, are doing "God's work." God, these days, must truly be working in strange ways. Take what happened a few short years ago, right before the bubble burst on the market for subprime-backed securities."

Reflections on Glass-Steagall and Maniacal Deregulation
Source: Common Dreams

"Today marks the 10-year anniversary of the passage of the repeal of the 1933 Glass-Steagall Act and related legislation.

Democrats May Use Budget Reconciliation to Push Through Health Care Reform
Source: HubPages

"....politically speaking, the Republicans would like to see Obama and the Democrats fail.

How the world richest 'oil' nation facing a market meltdown can avert it!

Political ramifications of inaction are disastrous. The health of any economy is directly proportional to the ability of its leaders to take actions. Inaction and status quo is a sign of wakened and hesitant.

Why haven't any Wall Street tycoons been sent to the slammer?
Source: McClatchy

More than a year into the gravest financial crisis since the Great Depression, millions of Americans have seen their home values and retirement savings plunge and their jobs evaporate.

Our Economy Was a Scam and Now We're Dead Broke
Source: AlterNet.org

"Beyond that, the big money is constitutionally protected. Our Constitution is first and foremost a property document protecting their money.

Investment Retrospective – A Preemptive Portfolio Protection Strategy

A participant in the morning Working Capital Model (WCM) investment workshop observed: I've noticed that my account balances are returning to their (June 2007) levels. People are talking down the economy and the dollar. Is there any preemptive action I need to take?

The Untouchables: Right-Wingers Put Themselves in an Uncompromising 'World Apart'
Source: AlterNet.org

"The self-identifying conservative Republicans who make up the base of the Republican Party stand a world apart from the rest of America," the report says, not because they stand in fervent ideological disagreement with President Obama and the mainstream of the Democratic Party b …

Obama's Choice: Play It Safe or Risk It All to Keep Hope Alive
Source: Common Dreams

"But these days, any politician crazy enough to take on the entrenched corporate and political classes that control Washington is likely facing early retirement.

Bank of America shopping Lehman claim: report
Source: Yahoo! News

Maybe American Express might want to right their wrongs with Lehman Brothers.

Time for Capitalism to Pay its Way
Source: MSN

"Pushing costs from private pockets to the public purse -- does that sound familiar? Maybe the financial crisis we're living through right now?"

Tensions remain after Wilson apology
Source: Politico

Republicans still clinging to an outright lie: "While Wilson offered some contrition over what he called a "spontaneous" exclamation, Wilson said he stood by the substance of his criticism of Obama's health plan.

Californians protest tax hikes, job-killer regulations | regulations, californians, sacramento - Local News - Victorville Daily Press
Source: Victorville Daily Press

A staffer with the Associated Press' Sacramento office said the AP's reporters were too busy to cover the event. An estimated 10,000 attended the rally, according to a news release from Sen. George Runner, R-Lancaster

Health-Care-puts-Progressives-on-the-Verge-of-Changing-the-Power-Dynamic
Source:

...."this isn't about trust in Obama, or loyalty to Democrats or affinity for particular legislators because they happen to be nice people.

What the New America is Shaping Up to Look Like....

Empty storefronts are multiplying here in central Florida. So are empty houses, apartments, and condominiums.

The GOP decline starts Phase Two
Source:

"In 2009, the hisses of the old plutocracy have escalated into the caterwauling of a manufactured mobocracy intent on shouting down members of Congress and fellow citizens who come to community centers to ask honest questions.

Mushrooms in Finland still radioactive after Chernobyl
Source: icenews.is

There are several types of mushrooms in Finland these days which are still affected by the Chernobyl nuclear meltdown incident. These mushrooms are still radioactive even 23 years since the Ukrainian power plant incident.

Bail-Out Bonuses at Banks that Got the Most $ from U.s. - $1 Million a Head...Hundreds and Hundreds of Heads
Source: The New York Times

Thousands of top traders and bankers on Wall Street were awarded huge bonuses and pay packages last year, even as their employers were battered by the financial crisis. More Articles

The Birthers of a Nation
Source: The Nation

"The long hunt for the new leader of the Republican Party has at last come to an end, and the winner isn't Rush Limbaugh, Mitt Romney, or even Sarah Palin, but this woman in a red T-shirt"

Goldman and JPMorgan -- The Two Winners When The Rest of America is Losing
Source:

"Where are the antitrusters when we need them? Alternatively, why isn't the government charging Goldman and JPMorgan a large insurance fee for classifying both firms as "too big to fail" and therefore automatically bailed out if the risks they take turn sour? Instead, we've ended …

Ten Things You Might Not Know About Socialized Medicine
Source: Politics Daily

"The specter of "socialized medicine" looms large in some corners of the American public, inspiring an almost Orwellian fear. In practical terms, however, most Americans have little familiarity with universal health care. As an American who's lived in the U.K.

The Crooks Get Cash While the Poor Get Screwed
Source: Common Dreams

"If you are rich and guilty, if you have defrauded banks and customers and investment firms of billions of dollars, as AIG or Citibank has, if you wear fancy suits and have degrees from elite universities that cost more per year than Brown used to make, you get taxpayer money.

The Great American Bubble Machine---- Matt Taibbi on how Goldman Sachs has engineered every major market manipulation since the Great Depression
Source: Rolling Stone

"If America is circling the drain, Goldman Sachs has found a way to be that drain — an extremely unfortunate loophole in the system of Western democratic capitalism, which never foresaw that in a society governed passively by free markets and free elections, organized greed alw …

Chamber of Commerce Launches $100 Million Campaign to Protect Wall Street's Power at Our Expense
Source: AlterNet.org

"Perhaps the greatest public deception surrounding today's financial meltdown is the notion that it is unique -- a once-in-a-lifetime crisis that reflects bad luck rather than any fundamental problem with the U.S. banking system's sway in global politics.

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