A crisis sparked by the world's rich will have the poor paying the highest price

Our worries about jobs or pensions pale beside the fallout Africa and Asia now face in this absurdly skewed global system.

//tinyurl.com/55vqb7



A financial new world order?

When President Bush hosts a world financial summit in the coming weeks, one of the least multilateral American presidents in decades will set in motion what could result in a full reordering of the global financial system.

//www.csmonitor.com/2008/1020/p01s01-usec.html



Millions of Homeowners Are in Desperation Mode

With almost 1 in 6 homeowners dealing with a troubled mortgage, we need a rescue plan fast or else face a huge social problem.

//www.alternet.org/story/103644



Home prices to fall another 10 percent: Fitch

National home prices have declined a full 22 percent from the peak hit in 2006, the agency said in a note. Fitch has a peak to trough forecast for prices to decline 30 percent.

//tinyurl.com/6orrfz


From Information Clearing House

--------

Maybe the Rich Are the Problem
//www.commondreams.org/view/2008/10/21-7



//freepage.twoday.net/search?q=global+system
//freepage.twoday.net/search?q=financial+system
//freepage.twoday.net/search?q=billionaires
//freepage.twoday.net/search?q=homeowner
//freepage.twoday.net/search?q=mortgage
//freepage.twoday.net/search?q=Linda+McQuaig

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