Updates on Economy

Today's Major Financial Collapse Headlines:

Kunstler: "America has hit the bottom of its ability to process reality"

AFP: Few in D.C. Realize China Just Cancelled America's Credit Card

Asia Times: Creditworthiness of Entire American Economy Now at Risk

NY Times: Nation's Debt Time Bomb Clock is Ticking Faster Than Ever

Washington Post: NY Times Company to Shut Down the Boston Globe

The Atlantic Monthly: Why This Crisis is a Depression, Not a Recession

Bloomberg: GM Bankruptcy Probable as Obama Shields UAW Benefits

NY Times: A Life Selling Pontiacs Leaves Dealerships Feeling Sold Out

San Francisco Chronicle: Carmaker Woes Hitting State Budgets Hard

Unemployment and jobs crisis related articles:

Washington Post: Rural Towns Collapsing as Employment Evaporates

Washington Post: Wages Stagnate As Firms Rush to Slash Their Costs

Bloomberg: Recession Will Redefine Full Employment as Jobs Vanish

Real Estate Market Crash articles:

San Francisco Chronicle: Vacant Foreclosures Spawn Blight and Crime

Wall Street Journal: Life in America's Cities About to Get a Lot Rougher

Los Angeles Times: Abandoned Suburbs Getting Taken Back by Nature

Press Democrat: Vacant Commercial Real Estate a Sign of the Times

Alternet: Many of US Still Think They Can Get Rich Quick on Real Estate

Student Debt Crisis, Young People:

NY Times: Students' First Lesson is to Read Loan Documents Fine Print

NY Times: In Worsening Job Market, Student Loans Prove to be Costly

NY Times: Graduate Degree Programs the Detroit of Higher Education

NY Times: Community Colleges Pose Challenge for Four Year Schools

Washington Post: India Flooded by Educated but Unemployable Grads

Crimes, Conspiracies, and High Weirdness:

UK Independent: Bank's 2006 Pandemic Flu Exercise Eeriely Prescient

NY Times: How Lehman Brothers Got Its Commercial Real Estate Fix

Michael Moore: Madoff is a Distraction from the Even Bigger Criminals

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