Updates on Economy

Today's financial collapse headlines:

Kunstler: "The global economy is sloughing away in giant horrid gobs"

UK Telegraph: G-20 Meeting Moves Planet Closer to a Global Currency

USA Today: Fed Announces Currency Swap Deal with European Banks

Reuters: Estimated Taxpayer Cost for Bailout Jumps by Almost 80%

Alternet: Bill Moyers Says Madoff Scheme Miniscule Next to Big Banks

UK Telegraph: Swiss Slide Into Deflation Signals New Chapter of Crisis

Market Watch: Bank Losses Likely Worse than During the Depression

Wall Street Journal: "Earnings season is here, it's going to be dismal"

Wall Street Journal: Brokers Fear Insurers Blind to Developing Risks

UK Telegraph: Former Wall Street Whiz Kid Admits He Broke the Banks

AP: Public Pension Funds Have Sustained Simply "Massive" Losses

USA Today: American Consumers Fall Behind Loans at Record Rates

USA Today: Lenders Slashing Credit Lines for Responsible Borrowers

Wall Street Journal: Automobile Sales in the U.K. Fall Another 30%

UK Telegraph: Revenue Department Trashing Letters, Ignoring Calls

USA Today: Suburban Neighborhoods in the U.S. Hemorrhaging Jobs

USA Today: Unemployed Californians Turn to Panning for Gold Flakes

Market Watch: High Tech Sector Getting Hit by Waves of Job Losses

UK Guardian: There's At Least Ten Jobseekers for Every Job Vacancy

UK Telegraph: More and More Pensioners Unable to Afford to Survive

Newsweek Online: The Frightening Fall of Russia's Richest Man

Social Unrest and Disintegration of Order:

Wall Street Journal: Unemployed May Turn to Violent Forms of Protest

Newsmax: Why Washington Expects to Use Troops against Americans

Economist: Around World, a Wave of Populist Rage Directed at Banks

Economist: California Considered by Many to Now be "Ungovernable"

Relocalization and Preparation:

LATOC Forum: Michelle Obama Prepares for War with Big Ag Lobbyist

USA Today: Towns Printing Own Currencies to Keep Economies Afloat

George Monbiot: "We need a license to print our own money" (relink)

Wall Street Journal: More Small Businesses Turning to Barter (relink)

Wall Street Journal: Frugality Trend Will Likely Outlast This Recession

NY Times: How Couples Made Ends Meet During the Great Depression

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