Updates on Economy

Financial collapse, economic meltdown, debt crash, national bankruptcy:

Der Spiegel: Financial Institutions are Overwhelmed by Scope of Crisis

Der Spiegel: Economy in Worst Shape Since 1945 as Exports Plunge

Washington Post: Fallling Chinese Exports Leave Economists in Shock

Bloomberg: Global Confidence Falling Rapidly as Economies Crumble

Reuters: 45% of the World's Wealth Destroyed by Global Credit Crisis

NY Times: "This is not a test, This is not a test, This is the big one . . ."

NY Times: Banks Planned on Looting the American Public for Decades

Washington Post: "Citibank has repeatedly forced taxpayer bailouts"

Wall Street Journal: Prominent Investment Bankers Rushing for Exits

Wall Street Journal: Officials Making Contingency Plans for Citibank

Fortune Magazine: U.S. Government Planning for Massive Bank Failure

Fortune Magazine: Banks Taking Huge Losses on Credit Cards Defaults

Wall Street Journal: Wave of Credit Card Deaults the Next Catastrophe

Washington Post: AIG Told Collapse Would Set Off Worldwide Bank Run

NY Times: "It feels like everything is imploding at the same time . . . "

NY Times: As Jobs Evaporate, the Unemployed Turn to Living in Motels

UK Telegraph: Minister Fears Fascism Will Rise from Banking Collapse

Christian Science Monitor: Real Estate Woes Hit Malls, Office Towers

NY Times: Giant Miami Condo Monument to Consequences of Excess

Wall Street Journal: Wave of Retail Chain Bankruptcy Filings Expected

Wall Street Journal: Homebuilders Now Competing with Foreclosures

Los Angeles Times Special Report: Inside Riverside's Collapse, Part I

Los Angeles Times: City Bracing for Severe Drop in Business Revenue

Reuters: Protesters Targeting Foreclosed-Homes Auction Company

Washington Post: Madoff to Plead Guilty to Fraud, Face Life in Prison

NY Times: Bernard Madoff's Victims Directing Rage at his Legal Team
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