Updates on Economy

Today's financial collapse headlines:

Asia Times: Bank Profits, Market Rallies Masking Considerable Turmoil

Associated Press: Banks Awaiting Results of Government Stress Tests

NY Times: Plight of Automakers Will Accelerate Decline of All Pensions

NY Times: Wave of Corporate Bankruptices to Derail the U.S. Economy

Business Week: Option ARM Business Loans Turning Into Nightmares

UK Guardian: China Realizes that the U.S. Dollar is Gravely Wounded

Market Watch: Fiscal Worries Mount as U.K. Economic Crisis Deepens

The Daily Show: Goldman Sachs and the Clusterf--k to the Poor House

Counterpunch: IMF Says Major "Fiscal Adjustment" Will be Necessary

UK Telegraph: Germany's Banking Crisis Creating "Explosive" Mood

Alternet: U.S. Cities Increasingly Resort to Mercenaries to Keep Order

Urban Survival: Mass Layoffs Continue (Scroll for a Must-See Graph)

NY Times: Budget Shortfalls Forcing States to Enact Mass Furloughs

San Francisco Chronicle: Mortgage Defaults Hit Records in California

Orange County Register: Numbers of Long Term Jobless Have Doubled

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

Economist: California Considered by Many to be Nearly Ungovernable

Market Watch: "Cult of Finance" Has Stranglehold Over U.S. Economy

Atlantic Monthly: Inside the Federal Reserve's Secret Money Machine

NY Times: Sleeping Pills Very Popular as People Worry About Economy

Utne Reader: Cubans Turn to Black Market for Anti-Depressant Drugs

Scientific American: Could Food Shortages Crash Modern Civilization?

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