http://www.economist.com/world/europ...14620&fsrc=rssSEEN through the framework of Western logic, the conclusion is irresistible. Russia's political idiosyncrasies must give way to the imperative of economics.
http://www.nytimes.com/2008/10/17/bu...ss&oref=sloginOil Falls Near $70 a Barrel, 16-Month Low, Alarming OPEC
http://www.msnbc.msn.com/id/27226616/Banks raid Fed emergency fund at record rate
Institutions borrowed $99.7 billion a day during the past week
http://www.marketwatch.com/news/story/story.aspx?guid={F8A87611-CAE8-496C-B5A6-CB18D2FA0916}NEW YORK (MarketWatch) -- Merrill Lynch & Co., the venerable Wall Street brokerage firm that agreed to a hasty marriage of convenience last month amid fears about its survival, said Thursday that it lost more than $5 billion.
http://www.washingtonpost.com/wp-dyn...101701505.htmlU.S. Bank Plan Hits Snag in Rules
Treasury Wants Regulators to Allow Government Investment as 'Core Capital'
http://www.portfolio.com/views/blogs...dbye-and-f-youAndrew Lahde, manager of a small California hedge fund, Lahde Capital, burst into the spotlight last year after his one-year-old fund returned 866 percent betting against the subprime collapse.
Last month, he did the unthinkable -- he shut things down, claiming dealing with his bank counterparties had become too risky
http://finance.yahoo.com/tech-ticker...t-Won%27t-WorkSo much for that story. A few days ago, when Hank Paulson called the heads of the nine families to Washington and shoved cash down their throats, he announced that the banks would use this new taxpayer cash to lend. They won't, of course. They'll hoard it like a starving family who has just been given a grocery cart full of food.
And after a few days of silence, even the banks are finally admitting that. So it's back to the drawing board for Paulson & Co.
http://www.huffingtonpost.com/2008/1..._n_135709.htmlAn S&P 500 futures trader died of a self-inflicted gunshot wound just hours after losing several million dollars Wednesday, one of Wall Street's most volatile days.
What else is going on?



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