Recession - the domino effect: Share YOUR story (Independent)
We could begin with Peter Sastawnyuk. The 53-year-old businessman filled his £370,000 detached home with petrol canisters, sealed the locks, set tripwires and threatened to set the place alight. More than 40 of his neighbours were evacuated from the posh cul-de-sac on the edge of the Pennines from which Sastawnyuk sent his children to be educated at private school. But the cradle of his dreams ...
TEXT: Paulson on the State of the Financial System (Fox News)
Treasury Secretary Henry Paulson spoke today on the state of the global financial system.
Remarks by Secretary Henry M. Paulson, Jr. on Financial Rescue Package and Economic Update (United States Department of the Treasury)
Good morning. I will provide an update on the state of the financial system, our economy, and our strategy for continued implementation of the financial rescue package.
IMF Board Approves $15.7 Billion Financial Support Package For Hungary (Nasdaq)
WASHINGTON -(Dow Jones)- The International Monetary Fund's executive board Thursday approved a $15.7 billion loan to Hungary, contributing to a broader multilateral financing package to help forestall a financial crisis.
The Problem With Deleveraging (GoldSeek.com)
In general, we consider it a good thing to save money and to "owe no man anything save love." But what happens when a debt-happy society wakes up and decides that saving is a good thing for everybody? What happens when banks and hedge funds decide (or are forced) to reduce their debt?
