Contents Pages by Subject

Economy - International

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Bloomberg

The Japanese, who own $586.6 billion, or 12% of US government debt, had their worst quarter in Treasuries this decade, losing 7% in the first 3 months of the year as the dollar fell to the lowest since 1995 versus the yen. Foreign investors recoil fr

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London Times

Families have been warned that the prices of basic foods will rise steeply again because of acute shortages in commodity markets. Experts said prices of rice, wheat and vegetable oil would rise further, with high prices and shortages here to stay,

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NY Sun / Josh Gerstein

Major retailers in New York, in areas of New England, and on the West Coast are limiting purchases of flour, rice, and cooking oil as demand outstrips supply. There are also reports that some consumers are hoarding grain stocks.

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Gold RePort

The global food crisis intensified on Tuesday as Kazakhstan, one of the world's biggest wheat exporters halted foreign sales and rice prices shot to a record high after Indonesia stopped its farmers from selling the grain abroad. In another si

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Thisismoney.co.uk

To a people with memories of another crash, that of 1929, helping to propel the Nazis to power and Germany to ruin, the spectre of a replay of those dark times is grim indeed. Throughout the crisis, banks and politicians have sought to downplay the s

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gold report

Haiti?s prime minister lost his job on April 12th, the result of more than a week of unrest as protesters rioted in reaction to rising food prices in the hemisphere?s poorest country. Several Haitians died, and one United Nations peacekeeper was kill

News Link • Global Reported By War Onyou
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Reuters.com

The financial crisis will affect market structure and pricing for at least a decade and lead to greater regulatory powers for central banks in areas at the centre of the turmoil, analysts at JP Morgan said.

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CalculatedRisk.blogspot.com

If oil prices stay high because of falling production, then the recession will be much worse than I currently expect. And the impact on the World's poor will be severe.

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NYTimes.com

In Ireland, Spain, Britain and elsewhere, housing markets that soared over the last decade are falling back to earth. Property analysts predict that some countries, like this one will face an even more wrenching adjustment....

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Daily Mail

The dire warnings from the International Monetary Fund the West now faces the largest financial shock since the Great Depression, while the Asian economies are still powering ahead, simply underlines our vulnerability in this new world order.

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Guardian.co.uk

Soros said global financial markets are in a period of rapid, massive deleveraging that will keep them volatile. "We are in a period of financial wealth destruction ... and now we have deleveraging,"

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AP

How much does it cost for a loaf of bread in Zimbabwe? With inflation raging at more than 100,000 percent, a loaf costs 50 million Zimbabwe dollars [actually Z$16 million per loaf]. [Our future after CONgress "fixes" our economy.]

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der Spiegel

Germany and other industrialized nations are desperately trying to brace themselves against the collapse of the global financial system. The crisis has taken its toll on the German economy, where the weak dollar is putting jobs in jeopardy

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Financial Times

Washington has called on international financial institutions to steer clear of doing business wiht Iran's central bank, in the US's most wide-ranging attempt yet to isolate Tehran financially. (Wonder what would be said if China said the sa

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AFP

A looming recession in the US poses a vital question about recent changes in the global economic landscape: has the rest of the world broken its dependency on the US motor? To use one of the most familiar rhetorical questions in economics, when the U

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AP

"Its difficult to call where the bottom is," said Richard Hunter, a broker at Hargreaves Lansdown in London. Oil prices hit a record in Asian trading, U.S. stock index futures fell sharply and the dollar hit record lows.

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CIA World Factbook

This ranked list of "current account balances" for the nations of the world speaks for itself. While countries like Bangladesh, Kuwait, and Zambia enjoy true prosperity, guess who is "number 1" when it comes to debt.....?

News Link • Global Reported By Mike Shipley
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AFP

The nationalisation of troubled British bank Northern Rock, which was rocked by the global credit crunch six months ago, was approved by parliament. The government must now obtain an order which transfers the bank to public ownership, powers which we

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