Economics

An American cattleman. President George W. Bush announced a $13.4 billion bailout for General Motors and Chrysler. The bailout, which will make use of funds authorized by Congress in October…

Read more

The Labor Department reported that 533,000 people lost their jobs in November, a further 621,000 people were forced into part-time employment, and 422,000 more simply dropped out of the labor…

Read more

An American cattleman. Gunmen terrorizedMumbai for more than two days, killing at least 180 people during attacks at a train station, a restaurant, two five-star hotels, a movie theater, a…

Read more

Read more

A Christian martyr. After a trial based predominantly on classified evidence, much of which could not be discussed with the defendants, U.S. District Judge Richard Leon ordered the release of…

Read more

Democrats were outvoting Republicans in all nine states that track the party affiliations of early voters, indicating a likely election victory for Barack Obama. George Mason University“It’s gonna get nasty,”…

Read more

An American cattleman. On the 79th anniversary of the stock market crash of 1929, the Dow fell 312.3 points, closing below 8400. Chrysler announced that it would cut 25 percent…

Read more

Caught in the Web, 1860. Governments around the world attempted to slow the global financial catastrophe. Der SpiegelNYTThe stock market in Iceland reopened after a three-day suspension and immediately plunged…

Read more

The world economy continued its collapse. The Dow Jones Industrial Average declined 22 percent over eight days, Wall Street lost $2.4 trillion in market value, and Iceland went bankrupt.CNNBusiness WeekThe…

Read more