Updates on Economy

Today's Financial Collapse, Bankruptcy, and Debt Crash Headlines:

NY Times: Bernanke Launching Trillion Dollar Financial Rescue Attempt

Los Angeles Times: Bernanke Hits Panic Button, Injects $1.2 Trillion

Market Watch: Gold Soars as Investors Run from Fed's Inflation-Bomb

Bloomberg: Fed's "Omega Plan" Sends Printing Presses to Supernova

New Statesman: "The business and political elite are flying blind . . ."

Der Spiegel: "The gobal banking system has had a heart attack . . ."

ABC.net: Renown Economist Says "Forget money, buy guns and land"

Charles Smith: Exurbs, Suburbs Will Soon Become "Criminal Hellholes"

Charles Smith: Entire Government Debt Machine on Verge of Breaking

Bloomberg: Over 5.5 Million Americans Now Receiving Unemployment

USA Today: Americans' Financial Pain Far Deeper Today Than in 2008

Reuters: U.S. Credit Card Defaults at Highest Level in Over 20 Years

Wall Street Journal: Middle America's Faith in Economy is Evaporating

Los Angeles Times: Seething Angry, Americans Begin Eyeing the Rich

Alternet: "Banks don't know what to do when people organize, resist"

Chris Hedges: U.S. Military Preparing for Violent Dislocations, Collapse

Alternet: Economic Collapse May Create a Fascist Backlash in America

Wall Street Journal: French Economy Hit by Waves of Striking Workers

AP: Pension Guaranty Benefit Corp. May Be Insolvent, Need a Bailout

Washington Post: Big Automakers' Woes Ripsawing Through Suppliers

Washington Post: Government Considering "Cash for Clunkers" Plan

San Francisco Chronicle: Airline Industry in Worldwide Distress Sale

Chronicle of Higher Education: Many Colleges Are Not Going to Survive

Yahoo Finance: China's Factories Getting Desperate as Orders Plunge

The Atlantic: Over Long Term, U.S. in Even Worse Shape Than China

Boston Globe: Stunning Photo Essay of America's Economic Collapse
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