G.E. Plans $2 Billion in Cuts at Finance Arm Next Year (New York Times)
General Electric said on Tuesday it planned to cut costs by $2 billion next year at its finance arm, GE Capital, which has dragged lower the U.S. conglomerate’s results as a result of the global credit crunch.
The Hindu Business Line : ‘Cut prices, not production, to tackle demand slowdown’ (The Hindu)
Stimulate demand: The Finance Minister, Mr P. Chidambaram, at the India Economic Summit 2008 in the Capital on Tuesday. — New Delhi, Nov. 18 Imports of pig iron and certain specified iron and steel items such as semi-finished products, flat and long products would now become dearer.
TM says yes to liquor licenses (Sharon Advocate)
Special Town Meeting wrapped in three and a half hours, breezing quickly through the remaining business after lingering on Article 4 and Article 6.
Japanese Small Business Sentiment Worsens Amid Recession (Nasdaq)
TOKYO -(Dow Jones)- Sentiment among Japan's small businesses fell for the third consecutive month in October, with a sharper decline expected for November, a government-affiliated lender said Wednesday.
The Road to Financial Ruin: We Have to Spend Money Now (GoldSeek.com)
When just about all economists agree, should we rejoice or be scared? During the Weimar Republic, economists at the Reichsbank argued that printing money to finance a war was "exogenous" to the economy and thus not inflationary. Hyperinflation in the ensuing years proved them wrong.
