Updates on Economy

Today's financial collapse headlines:

Kunstler: "One can't help but notice the many pitchforks now for sale"

Wall Street Journal: State of Emergency Declared in Thailand Capital

Market Watch: Fiber Optic Sabotage May be a Test for Something Big

Market Watch: General Motors Preparing for Bankruptcy by June 1st

Market Watch: Gold Back Over $890 on Worries about GM and Banks

UK Telegraph: Gold to Break $1,000 as People Sell Jewellery for Cash

UK Telegraph: Goldman Sachs Dispatches Lawyers to Shut Down Blog

UK Guardian: Socialism is Dead, Capitalism is Bankrupt, so Now What?

UK Telegraph: Iceland Banking Inquiry Finds Murky Geysers Run Deep

Vanity Fair: Wall Street on the Tundra (Report on Collapse of Iceland)

Fortune Magazine: Citibank on FDIC list of "Failures and Assisance"

NY Times: Recession Has Evaporated Portfolios of Multi-Millionaires

Los Angeles Times: HUD's Dollar Homes Funnel Cash to Private Banks

Business Week: Commercial Real Estate Loans to Hurt Regional Banks

Business Week: Desperate Landlords Get Creative to Attract Tenants

Business Insider: Moody's Has Downgraded the Entire United States

Whiskey and Gunpowder: Move Your Money Out of America and Soon

UK Telegraph: Pension Crisis Means You Can Forget About Retirement

NY Times: Recession's Onslaught Particularly Brutal for Baby Boomers

NY Times: Crisis Reshaping Wall Street as Stars Begin to Scatter

NY Times: Most Harvard Business Graduates Go into Financial Fraud

NY Times: Journalism, Law, and Finance Jobs Get Shredded by Crisis

Fortune: Newly Minted MBAs Find Slim Pickings in Current Job Market

UK Telegraph: Deflated Twenty-Somethings Downsize Job Ambitions

USA Today: Average College Credit Card Debt rises with Fees, Tuition

Slate: What to Do When There's No Jobs and You're $200,000 in Debt?

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