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U.S. Recession News Smacks Asian Shares - Forbes
Stocks across Asia and Oceania dripped with deep red all over Tuesday, following Wall Street's sharp Monday loss, as confirmation of a U.S. recession and further falls in commodity prices dealt setbacks to exporters and oil producers. Financials also ...

Bad loans sap banks’ profits - Minneapolis Star Tribune
S ouring loans and a weakening economy are taking an increasingly heavy toll on the nation's banks -- and Minnesota institutions aren't faring much better. Nationally, earnings for insured banks plunged 94 percent, falling to just $1.7 billion in the ...

After another sell-off, nations try again on credit crunch - Channel NewsAsia
TOKYO: Japan and Australia announced new measures to try to ease the global credit crisis Tuesday after the United States formally announced it was in recession, sparking a massive worldwide stock sell-off. Tokyo shares plunged 6.35 per cent and ...

Brasch Words - American Reporter
BLOOMSBURG, Pa. -- President George W. Bush gazed into the cameras on a Tuesday morning in July and tried to assuage the fears of about 300 million Americans who believed they were in the middle of a recession. "The economy is growing," said the ...

Site Presented By - Salon
On Tuesday morning, Mark Thoma hosted a rant by fellow economist Tim Duy taking apart a silly column in the Wall Street Journal by Peggy Noonan. For the full point-by-point analysis, I refer you to Duy. But after reading the following two paragraphs ...

U.S. Recession Tides Lap Against Asia - Forbes
Asian stocks plunged deeper into the red Tuesday, as confirmation of a U.S. recession and further falls in commodity prices dealt blows to exporters and oil producers. Financials also slid on some re-emerging signs of heightened borrowing costs. The ...

Paulson Bucks Paulson as His Hedge Funds Score $1 Billion Gain - Bloomberg
Dec. 2 (Bloomberg) -- There’s not a lot of light in Paulson & Co.’s 28th-floor headquarters on a drizzly November afternoon. The Alexander Calder sculpture and multicolored prints have been shipped to the firm’s new offices six blocks south ...

The Madness of Crowds - Commentary Magazine
Fueled by easy credit, the real-estate market had been rising swiftly for some years. Members of Congress were determined to assure the continuation of that easy credit. Suddenly, the party came to a devastating halt. Defaults multiplied, banks began ...

No aid for little guy - Toronto Sun
Bailout, bailout -- everyone wants a bailout. But what about the poor taxpayer who's footing the bill worth billions and billions? These are tough times for taxpayers, too. Layoffs are hitting fast and furious, investment portfolios are evaporating ...

Our troubled economy - Minneapolis Star Tribune
S ouring loans and a weakening economy are taking an increasingly heavy toll on the nation's banks -- and Minnesota institutions aren't faring much better. Nationally, earnings for insured banks plunged 94 percent, falling to just $1.7 billion in the ...