Posts Tagged ‘economic crisis’
Someone posted this in QT3 in a thread to discuss news of workers rioting at a factory in the U.S. after getting news of being laid off. It looks more like an environmentalist revolution than a socialist one to me though. Enjoy!
One blog that I’ve recently added to my regular reading list is De Minimis. I have no idea who the blog author is, but on general business and economic matters, I happily concede that he (I assume that the author is a “he”) is far more learned and well read that I am. He even [...]
I found this Visual Guide to the Financial Crisis on mint.edu which I think is absolutely essential reading for anyone who is still bewildered over what’s happening. If you don’t have the time or can’t muster the attention to read lengthy analysis pieces and papers on the events leading up to where we are now, [...]
With the news of Citigroup getting guarantees worth US$300 billion in addition to a direct bailout from the TARP funds, there goes hopes that the financial crisis is coming to an end. Remember that not so long ago, before its share price got heavily hit by the mess, CItigroup was the biggest bank in the [...]
I love the wonderful, wonderful irony in this. Apparently a large group of Christians organized a mass prayer at banks, stock markets and other financial institutions all over the world to ask for God’s intercession into the current financial mess. Here’s an excerpt from the original call to prayer as reported by the Christian Broadcasting [...]
Two weeks ago, I wrote a blog post saying if any public official in the U.S. ought to be blamed for the current mess in the financial markets, it ought to be Alan Greenspan, the former Chairman of the Federal Reserve. A couple of days ago, at a Congressional hearing, Greenspan admitted that he had [...]
This is as good a time as any to post a link to Sad Guys on Trading Floors, a photo collection of traders’ reactions to the continuing financial meltdown. The U.S. Federal Reserve just dropped the federal funds rate by 0.5 percent to 1.5 percent, while central banks around the world followed suit, and the [...]