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Thread: News over the weekend

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    Default News over the weekend



    Citigroup Blames Short Sellers For Collapse
    http://globaleconomicanalysis.blogsp...llers-for.html

    Once again treasury bears who do not understand the implications of a collapse in credit are taking a beating as Treasury Yields Drop to Record Lows.
    http://globaleconomicanalysis.blogsp...lows-swap.html

    Why Gold Is Down, But You Can't Get Your Hands on Any
    http://www.foxbusiness.com/story/mar...es/gold-hands/

    Oil drops 7 percent to 3-1/2-year low below $50
    http://finance.yahoo.com/news/Oil-dr...-13636552.html

    One third of S&P500 firms are no longer big enough to be on the index
    Over 100 U.S. "blue chips" now selling for under $10 a share
    http://www.reuters.com/article/ousiv...4AI96T20081119

    Shares of The Goldman Sachs Group Inc. yesterday traded below the $53 mark for the first time since the company went public in May 1999, knocking the company's value down to $25 billion.
    http://www.investmentnews.com/apps/p.../REG/811209968

    Property prices on the Palm Jumeirah, the island in Dubai that has been dubbed the 'eighth wonder of the world', have plummeted by as much as 40pc since September amid fears that the global credit crisis is stalling the emirate's economy.
    http://www.telegraph.co.uk/finance/n...-moves-in.html

    NEW YORK (MarketWatch) -- Citigroup Inc. appeared to be in a struggle for survival heading into the weekend as the company's shares traded below $4 on Friday amid the latest slide in banking stocks.
    http://www.marketwatch.com/news/stor...%7D&siteid=rss

    With retail and wholesale clients around the world stocking up on the precious metal, the Perth Mint has been forced to suspend orders.
    http://www.theaustralian.news.com.au...37-643,00.html

    Freddie Mac's Stock May be Delisted from NYSE
    http://www.housingwire.com/2008/11/2...ted-from-nyse/

    Fannie Mae Receives NYSE Notification on Continued Listing
    http://www.fanniemae.com/newsrelease...=News+Releases

    Somali Pirates in Discussions to Acquire Citigroup
    http://www.theglobeandmail.com/servl...y/WBstreetwise

    Billed as "too big to fail" Citigroup May Get Government Rescue.
    http://feeds.feedburner.com/...eyes-government.html

    So what else is news?
    Last edited by person; 11-22-2008 at 09:57 PM. Reason: URl too long
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  2. #2
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    Default Re: News over the weekend

    Panic In China Over Jobs, Economy, Cotton
    http://globaleconomicanalysis.blogsp...my-cotton.html

    19,000 WaMu Employees Will Be Synergized Out Of A Job
    http://globaleconomicanalysis.blogsp...ynergized.html

    The Reserve Bank of Zimbabwe Commends US and UK Authorities for Following Its Lead
    You simply cannot make this up.
    http://www.nakedcapitalism.com/2008/11/blog-post.html

    Robert Rubin has to go from Obama's team; He is at the center of the financial crisis and continues to blame everyone but himself.
    http://online.wsj.com/article/SB122791795940965645.html

    The Central Bank of Russia has increased its refinancing rate for the 6th time this year.
    http://www.russiatoday.com/business/news/33925

    The possibility of a deeper rate cut from the Reserve Bank has gathered pace, with the possibility of deflation emerging as the latest threat from the global financial crisis.
    http://business.smh.com.au/business/...1201-6o3n.html

    Anything else cool in the news?
    Once again, the conservative, sandwich-heavy portfolio pays off for the hungry investor
    - Dr John Zoidberg

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    Default Re: News over the weekend

    yup ... another 'religious war' is shaping up between India and Pakistan !



    Obama announces plan to cut active US military but add US diplomats and aid workers !



    (snip)"The shift, which would come partly out of the military's huge budget, would create a greatly expanded corps of diplomats and aid workers that, in the vision of the incoming Obama administration, would be engaged in projects around the world aimed at preventing conflicts and rebuilding failed states.

    Whether they can make the change - one that Obama started talking about in the summer of 2007, when his candidacy was a long shot at best - "will be the great foreign policy experiment of the Obama presidency," one of his senior advisers said recently. But the adviser, who spoke on condition of anonymity because he was not authorized to speak publicly, said the three have all embraced "a rebalancing of America's national security portfolio" after a huge investment in new combat capabilities during the Bush years.

    Obama's advisers said they were already bracing themselves for the charge from the right that he is investing in social work rather than counterterrorism, even though President George W. Bush repeatedly promised such a shift, starting in a series of speeches in late 2005. But they also expect battles within the Democratic Party over questions like whether the $1 billion dollars in aid to rebuild Afghanistan that Obama promised during the campaign should now be spent on job-creation projects at home."(snip)

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