[DOW down 200 so far today.] U.S. stocks extended a global slide, sending the MSCI World Index down the most in two months, as falling oil and metal prices weighed on commodity producers. Treasuries rose and the dollar strengthened.

 

 

The leveraged loan market got accustomed to big numbers over the past decade.  There's $3.6 trillion, the amount of leveraged loans made since 2000, according to Thomson Reuters' Loan Pricing Corp.  There's 735 collateralized loan obligations -- the funds that helped fuel the loan market's  

Vice President Joe Biden said Sunday that "everyone guessed wrong" on the impact of the economic stimulus, but he defended the administration's spending designed to combat rising joblessness.

President Barack Obama is ready to roll out an overhaul of the intricate rules and systems that govern America's troubled financial institutions, proposing the most ambitious revision since the Great Depression of the 1930s.

The goal is to prevent a recurrence of the economic crisis that erupted in the United

In 1784, an Englishman named David Landreth opened a seed store in downtown Philadelphia, confident that newly independent Americans would also want the freedom of growing their own food.

The D. Landreth Seed Co., one of the oldest surviving corporations in the nation, has seen several owners and many shifts in its fortunes in the intervening 225 years. But

"We," said Queen Victoria, employing the royal plural, "are not amused." "We," said the Treasury Department, relishing the royal prerogatives it exercises nowadays, "are gratified that not a single court that reviewed this matter, including the U.S. Supreme, found any fault whatsoever with the handling of this matter by either Chrysler or the U.S. government." Is it lese-majeste to note that Treasury is being misleading?

 

 

 

 

 

Rising long-term interest rates are making it more expensive for home buyers, corporations and the U.S. government to borrow money, threatening to further stifle an already weak economy.

 

In just the past two weeks, the rate on a 30-year, fixed-rate mortgage has risen to 5.6 percent from 4.9 percent, ending a boom in refinancing and working against a budding recovery in the housing market. Rates on corporate borrowing

“To set the record straight there has been no official announcement relating to any potential investors but rest assured our negotiations are on track and we expect to have a new ownership structure finalized in the early summer,” Saab said. “Until then enjoy the increased speculation in the knowledge that the next chapter in Saab Automobile’s history is just around the corner.”

"GM is currently in negotiations with potential investors, these are private talks and we will not comment any further," wrot

 

Hartford Financial Services Group Inc said it will take as much as $3.4 billion of federal bailout money and sell up to $750 million of common stock to bolster capital after large losses on investments.

The 199-year-old life and property insurer announced its plans after saying Chairman and Chief Executive Ramani Ayer will retire by the end of the year.

 

 

 

 

 

 

 

 

At least there's one place in America that's wearing like Teflon through the recession: Washington, D.C. Most corners of the economy may be struggling, but in the nation's capital it's boom times, baby.

According to new data, the area's unemployment rate dropped to 5.6% in April from 5.9% in March. This is the second consecutive month of improvement for Washingtonians, and it's leagues from the national unemployment rate, which hit 9.4% in May.

 

I’ve finally figured out the Obama economic strategy. President Barack Obama and his team have been having so much fun wielding dictatorial power while rescuing “failed” firms, that they have developed a scheme to gain the same power over every business. The plan is to enact policies that are so anticompetitive that every firm needs a bailout.