Overnight the Federal Reserve and the world’s other major central banks collectively pumped 180 billion US bucks into the ailing global markets. That amount of money is so mindboggling that we at Crikey decided to try to put all those zeros into context.
US
As Wall St workers go down blogging, Lehman bros merch hits eBay
The chatter on the web about the collapse of Lehman Bros and the bailout of AIG offers a fascinating snapshot of the chaos on Wall St that goes beyond the obligatory shots of employees carrying cardboard boxes…
Front page wrap: The Wall St meltdown
The world’s front pages have screamed panic as Wall Street continues to melt…
Worst day’s trading since 9/11
The US Federal Reserve meets tonight and a rate cut has suddenly become a very real option after the Lehman Brothers collapse and other events on Wall Street in the past four days, writes Glenn Dyer.
Palin, convention put McCain ahead in the polls
In a year that was supposed to be “toxic” for the GOP, John McCain’s suprirse VP choice helped the RNC push the party ahead in the polls.
Morning Market Report
The highs and lows from today’s sharemarket.
Palin attacks Obama, casts herself as outsider and reformer
Fox News gave a sparkling writeup to Sarah Palin’s speech portraying Obama as someone who only talks to working class people “when they’re listening” and described herself up as a “hockey mom” who cleaned up Alaskan politics.
Morning Market Report
The highs and lows from today’s sharemarket.
US wrap: Shareholders hurting, inflation up, houses down
Think economic news from the US, think bad news. If the news from the last few days is any guide, that isn’t about to change. By Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows from today’s sharemarket.
Georgia v Russia: What the papers say
Russia fails to withdraw after a treaty and the US reassesses ties with their old arch rival.
Gold plunges — what is going on here?
Gold is supposed to be at its most attractive when times are miserable, inflation is running hot, there’s fighting in the streets (as we have seen in Georgia), and yet it’s a damp squib, writes Glenn Dyer.
Morning Market Report
The highs and lows from today’s sharemarket.
Morning Market Report
The highs and lows from today’s sharemarket.
15 July 2008 — the day the world turned?
On the same day Fed boss Ben Bernanke told the world that US interest rates had bottomed, something curious happened, writes Marcus Padley, publisher of the Marcus Today stockmarket newsletter.
Georgia v Russia wrap: Putin 1, Saakashvili 0
After six days of intensive fighting that left homes in ruins, over 1000 dead and uprooted 100,000 people, Russian President Dmitry Medvedev has declared mission accomplished and agreed to a ceasefire, writes Sophie Black.
Hamdan conviction the best the US can come up with?
If winning the ‘war on terror’ involves convicting the drivers and bodyguards of Osama bin Laden, the empire planners in Washington might as well go into speedy retirement, writes Binoy Kampmark.
AIG and Freddie Mac farewell another $15 billion
Just when it seemed a bit confidence was returning to the market, two American corporate giants shared their bad news with onlookers, writes Glenn Dyer.
Briefly Business: Charlie Aitken, Terry McCrann
Like the rest of us, Charlie Aitken is only right some of the time. One of Australia’s most oft-quoted stockbrokers is Southern Cross Equities’ Charlie Aitken. For a while, Aitken was hailed as a sage, almost a celebrity. However, as we learned from Henry Blodget and Mary Meeker, notoriety and accuracy are not necessarily correlated. […]
US corporate casualty list still growing
Businesses are falling over seemingly by the day as the US economic slump continues. Here are the latest casualties. By Glenn Dyer.
If it walks like a recession, and talks like a recession…
You can’t argue with the numbers, says Glenn Dyer. The US is one short step away from being in recession.
Guantanamo Bay: still no justice after all these years
Yes, the Military Commission hears argument and makes rulings: just like a real court. Do these processes involve independent judges making fair rulings or are they just mirages in a system loaded against the defence? wonders Stephen Keim SC.
Imagine the US without the Ford Motor Company
Ford continues losing scary amounts of money. Are we witnessing the death of a carmaking legend? Glenn Dyer investigates.
US commerical banking sector insolvent. Worse news to come
The flood of bad news flowing out of the US continues apace, as Glenn Dyer reports on the problems besetting the housing and commercial banking sectors.
