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Thursday, October 9

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  • Thursday, October 9

    http://www.breitbart.com/article.php...show_article=1
    Aussies joke - and hope - that China can save capitalism
    cartoon on the front page of Australia's national newspaper Thursday neatly illustrates an irony admitted by the government: communist China could save capitalism. The illustration shows a Chinese man in a Superman outfit telling exactly this to a bankrupt, cigar-smoking Wall Street tycoon covering his nakedness in a barrel.

    http://www.breitbart.com/article.php...show_article=1
    World finance chiefs heading for Washington for crunch talks
    Finance chiefs from the world's richest nations are set to meet in Washington for a crucial but uncertain meeting at a time of unprecedented fear about the global financial system. The Group of Seven meeting will bring together finance ministers and central bankers on Friday from the United States, Germany, Japan, France, Britain, Italy and Canada for some collective-thinking on the credit crunch and crashing stocks.

    http://thescotsman.scotsman.com/late...der.4573452.jp
    New World Order: Global co-operation, nationalisation and state intervention - all in one day
    IT WAS a day of desperate global action, unprecedented in both scale and cost, intended to stymie the international devastation being wrought by the financial crisis.

    http://apnews.myway.com/article/20081009/D93MTIH80.html
    White House considers ownership stakes in banks
    WASHINGTON (AP) - The Bush administration is considering taking ownership stakes in certain U.S. banks as an option for dealing with a severe global credit crisis. An administration official, who spoke on condition of anonymity because no decision has been made, said the $700 billion rescue package passed by Congress last week allows the Treasury Department to inject fresh capital into financial institutions and get ownership shares in return.

    http://www.washtimes.com/news/2008/o...g-americans-1/
    Syria has 2 missing Americans
    DAMASCUS, SYRIA (AP) - Syria says it is holding two missing American journalists for illegally crossing the border from Lebanon. A Foreign Ministry statement says Holli Chmela, 27, and Taylor Luck, 23 were arrested Thursday after they crossed into the country with the help of smugglers. It says the two will be handed over to the U.S. Embassy following a completion of "necessary measures."

    http://www.washtimes.com/news/2008/o...tary-spending/
    Russia plans to boost military spending
    Russia, flush with wealth from its record-level oil and gas exports, is planning to further boost its defense spending by almost 50 percent over the next three years, a senior legislator in Moscow said last week.

    http://wnd.com/index.php?fa=PAGE.view&pageId=77386
    Bribes paid for Corsi to escape from Kenya
    LONDON – Bribes totaling thousands of dollars were paid to facilitate WND senior staff reporter Jerome Corsi's departure from Kenya after immigration authorities there detained him and his publicist – holding them under armed guard and without food – to prevent Corsi from holding a news conference revealing what he had discovered about Barack Obama's controversial ties in the African nation. Confirmation of the payments comes just as a report from Kenya Broadcasting Corp. admitted it was politics, not the contrived paperwork reason, for which Corsi was detained.

    http://www.allheadlinenews.com/articles/7012589890
    Hurricane Norbert Next To Hit Mexico As Storm Marco Weakens
    Mexico City, Mexico (AHN) - Hurricane Norbert built up 134 mph winds on Wednesday over Mexico's Pacific coast and is forecast to hit southern Baja California and the Mexican mainland in the next two days.

  • #2
    Re: Thursday, October 9

    http://www.reuters.com/article/busin...rpc=23&sp=true
    Global auto market may "collapse" in 2009: J.D.Power
    DETROIT (Reuters) - The global auto market may experience an "outright collapse" in 2009 amid growing concerns around credit availability of credit and general economic stress, an influential industry tracking firm said on Thursday. J.D. Power and Associates forecast U.S. light vehicle sales would fall to 13.2 million units in 2009 after likely settling at 13.6 million units this year, adding that a pronounced recovery is more than 18 months away.

    http://abcnews.go.com/Blotter/story?id=5987804&page=1
    Exclusive: Inside Account of U.S. Eavesdropping on Americans
    Despite pledges by President George W. Bush and American intelligence officials to the contrary, hundreds of US citizens overseas have been eavesdropped on as they called friends and family back home, according to two former military intercept operators who worked at the giant National Security Agency (NSA) center in Fort Gordon, Georgia.

    http://www.reuters.com/article/idUSTRE4964TN20081009
    IMF readies emergency aid for wounded economies
    WASHINGTON (Reuters) - The International Monetary Fund said on Thursday it was ready to help countries hit by the raging global credit crunch and had activated an emergency financing mechanism first used in the 1990s Asian crisis. The Fund already has a mission in Iceland, where the government has seized control of its largest bank, and has warned that the worst financial crisis since the 1930s Great Depression could inflict lasting economic harm on the world.

    http://www.ocregister.com/articles/c...ogram-homeless
    More people seeking food, shelter and financial aid
    For the fortunate, autumn means trips to the pumpkin patch, stringing Halloween lights on the front porch, and stocking up on candy for the trick o' treaters. Autumn, however, also means that cold weather is around the corner, and for those who are on the brink of losing their homes, or living in their cars or motel rooms, the coming months won't be so festive. Historic job losses, the financial crisis on Wall Street, and soaring food prices all portend an uncertain future for our community. Service providers who work with the homeless and working poor here in Orange County tell me they're already overwhelmed.

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