Updates on Economy

Today's financial collapse headlines:

The Globe and Mail: "Reckless optimism is what got us into this mess"

Charles Hugh Smith: The Middle Class Will Stop Propping Up the State

Alternet: Congress Pushing Covert Bailout to Screw U.S. Homeowners

Washington Post: Inside the Federal Reserve's Trillion-Dollar Decision

Wall Street Journal: Free Fall in Tax Revenue Sends States Scrambling

San Francisco Chronicle: Banks' Huge "Shadow Inventory" of Homes

RecordNet: Concerned Resident Aims to Form a Militia in Stockton Ca.

Bloomberg: Lehman Shock Leads to Wave of New Homeless in Osaka

NY Times: Huge Swaths of America's Means of Production Mothballed

NY Times: Towns, Cities Reeling from Investments in Municipal Bonds

ABC News: In Many American Cities a Property Tax Revolt is Brewing

NY Times: As Some Markets Level Off, Housing Slump Hits Manhattan

CNBC: Meredith Whitney Expects Home Prices to Fall Another 30%

MSN: One American Family's Tale from Middle Class to Unemployed

Wall Street Journal: As Economy Slows, More Turn to Pushing Carts

Tech Crunch: That Whining Noise is the Death Wheeze of Newspapers

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