Updates on Economy

New Statesman: "This is the mother of all postwar crises, it has barely started and is [already] completely out of control"

NY Times: California - the World's Eight Largest Economy - Near Broke, at Brink of Total Financial Collapse

Financial Times: California Dream Turns to Nightmare as Poverty Spreads

AP: GM Needs to Borrow $30 Billion More, will Lay Off 47,000 More Workers

Wall Street Journal: Banks Reel on Fears of Full Blown Economic Collapse

Wall Street Journal: Confidence of Middle Class Americans in Smithereens

The Nation: "Amiercans are lusting to bring justice to the
bankers ... "

Bloomberg: Ca. Foreclosure Epicenter Illustrates Magnitude of Challenge

NY Times: Commerical Real Estate Plunges as Unemployment Spreads

NY Times: Banks Foreclosing on Builders with Perfect Payment Records

Wall Street Journal: Fl. "Rocket Docket" Blasts Through Foreclosure Cases

AP: Pension Guaranty Benefit Corporation May Go Insolvent, Need Bailout

Wall Street Journal: Barter Economy Now Crucial for Businesses to Survive

Ticker Forum: "There is a forced-liquidation event underway that is massive, it is against all asset classes and it is spreading"

Chris Hedges: U.S. Military Preparing for "Violent, Strategic Dislocation Inside the United States"; Possibly from "Economic Collapse"
Life After the Oil Crash