Updates on Economy

Today's financial collapse headlines:

Financial Times: Economic Crisis Will Drastically Curtail Oil Production

CNN: IRS, Uncle Sam Won't Collect Enough to Make Ends Meet in 2009

Reuters: 2009 Sees Surge in First-Time Delinquent Income Taxpayers

Wall Street Journal: More Small Businesses Go to War with Big Banks

San Francisco Chronicle: Scary Time to be a Recent College Graudate

Bloomberg: U.S. Retail Sales Unexpectedly Drop as Jobs Evaporate

Seattle Times: Oregon's Jobless Rate Takes Sudden Jump to 12.1%

Washington Post: Strip Mall Landlords Hit by Soaring Vacancy Rates

Wall Street Journal: Older Borrowers Increasingly Left Out in the Cold

NY Times: High End Hotels Forced Into Bankruptcy and Foreclosure

NY Times: Unemployment Rate Surging in Germany's Richest Region

NY Times: Glamour Dims as Hecklers, Patrons Torment NY Auto Show

Time Magazine: Rising Risks in Muni Bonds Cause Investors to Worry

Bloomberg: Workers' Confidence Regarding Retirement at Record Low

Daily Mail: Record Numbers of Middle Class Desperate to Sell Homes

Wall Street Journal: Goldman Sachs Attempts Escape From the TARP

Wall Street Journal: Was Goldman Sachs an Empty Creditor for AIG?

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

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

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

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

Washington Post: Student Loan Industry Pushes Back Against Obama

Media Post: Chicago Tribune to Cut Twenty Percent of its Newsroom

Media Post: Creditors Demand Control of Philadelphia Newspapers

Media Post: The Rise and Fall of the Time Warner Inc. Media Empire

NY Times: City of Boston in Shock Over Situation at the Boston Globe

Vanity Fair Special Report: New York Times Company on the Precipice

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