States want their own federal financial bailout

Led by California with a $28 billion hole in its budget, 41 states are in financial trouble, and many of their leaders are looking to Congress to bail them out.

//www.mcclatchydc.com/227/story/55932.html



State of Denial: America in Recession

Policymakers Fear 'R-Word': Over the past 72 hours, Japan and the Eurozone have owned up to what U.K. policymakers previously admitted: Those economies are in recession.

//tinyurl.com/5mx8nh



US banking giant cuts 50,000 jobs

Citigroup, one of America's largest financial institutions, is to cut about 50,000 jobs as the bank struggles with heavy losses stemming from the current financial crisis.

//english.aljazeera.net/news/americas/2008/11/20081117151942539191.html



The Six Unknowns That Are Roiling the Stock Market

The stock market's behavior is downright strange lately. Professionals with decades of market experience scratch their heads as the market falls to its lowest point of the year, then surges almost 7% in an afternoon-all for no apparent reason.

//tinyurl.com/66tdwl



Florida pension fund plummets

The State Board of Administration, which manages many of Florida's public investments, has seen its assets plummet by $62-billion, a third of their value, in the last 13 months.

//www.tampabay.com/news/business/article905919.ece



Foreclosures up 25 percent: RealtyTrac

That means one in every 452 U.S. housing units received a foreclosure filing in October, the firm said in its report released on Thursday.

//www.reuters.com/article/email/idUSTRE4AC10H20081113


From Information Clearing House



//freepage.twoday.net/search?q=bailout
//freepage.twoday.net/search?q=recession
//freepage.twoday.net/search?q=financial+crisis
//freepage.twoday.net/search?q=job+loss
//freepage.twoday.net/search?q=stock+market
//freepage.twoday.net/search?q=pension+funds
//freepage.twoday.net/search?q=foreclosure

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