Updates on Economy

Today's Financial Collapse, Debt Crash, Geopolitics Headlines:

UNSI: China's Navy Now Has a "Kill Weapon" for U.S. Aircraft Carriers

NY Times: Kidnappings from Drug Cartel War Exploding into the U.S.

Wall Street Journal: French Bosses Besieged as Worker Anger Rages

Associated Press: G-20 Protestors Assaulting Royal Bank of Scotland

London Times Video: Police and G-20 Protestors Battle Outside RBS

London Times: Snipers and Sharpshooters Deployed to G-20 Protests

Wall Street Journal: Outlook for Economy Worsens on Eve of G-20

NY Magazine: How I Helped Build the Bomb that Blew Up Wall Street

Los Angeles Times: AIG Crisis Could be the Tip of Insurance Iceberg

Boston Globe: PGBC Could be "Overwhelmed" by Insurance Losses

Business Week: Collapse of Global Trade Hits Industrial Companies

Reuters: American Small Businesses "Close to the Breaking Point"

Bloomberg: Economy Lost 750,000 Jobs in March, No Relief in Sight

Market Watch: Job Cut Announcements Soar 181% Over March 2008

Associated Press: Workers Clobbered by Relentless Pace of Layoffs

NY Times: Unannounced Layoffs Hitting Workers by the Thousands

NY Times: Crushing Job Losses and a "Breathtaking" Market Decline

Bloomberg: Mortgage Delinquincies Hit Record as Jobs Evaporate

Wall Street Journal: In the Exurbs, the American Dream is for Rent

Bloomberg: California Needs $11 Billion Cash Loan as Deficit Emerges

Associated Press: California's Budget Crisis Hitting Taxpayers Hard

Market Watch: California's Liquidity Problems May Force Federal Aid

NY Times: U.S. Cities Deal With a Surge in Shantytowns, Tent Cities

Los Angeles Times: Tent City Residents Required to Wear Wristbands

MLive: Flint Michigan Considers Eliminating Services to Parts of City

Baltimore Sun: "The apocalyptic rich are hoarding cash and assets"

London Times Online: Is There Any Gold Bullion Left in Fort Knox?

Washington Examiner: U.S. Government Seeks Power to Set Salaries

The Atlantic: South Park Explains the Banking and Mortgage Meltdown

Wall Street Journal: "With This Debt, I Thee Wed" (Book Excerpt)

Article from 1930 Issue of The Atlantic: "The Break in the Credit Chain"

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