‘Beware a rerun of the Great Panic of 2008′: Head of World Bank warns Europe is heading for ‘danger zone’ as world markets suffer bleakest day of the year so far

http://www.dailymail.co.uk/news/article-2153324/Markets-facing-rerun-Great-Panic-2008-Head-World-Bank-warns-Europe-heading-danger-zone-bleakest-day-global-economy-year.html?ICO=most_read_module Robert Zoellick: ‘Far from clear leaders ready for impending catastrophe’ Raft of dismal news from around world wreaked havoc on market Manufacturing output crashed in Britain, jobless up in Europe and U.S. Fast-emerging economies such as Brazil and China running out of steam By Hugo Duncan PUBLISHED: 10:49 EST, 1 June 2012 | UPDATED: […]

Ex-Credit Suisse traders admit cooking subprime books

http://www.reuters.com/article/2012/02/01/us-creditsuisse-charges-idUSTRE80U2HT20120201 By Grant McCool NEW YORK | Wed Feb 1, 2012 5:42pm EST (Reuters) – In a rare criminal prosecution to emerge from the financial crisis, two former Credit Suisse traders admitted on Wednesday to conspiring to manipulate the value of about $3 billion in subprime mortgage-backed securities in order to hide losses as the […]

Analysis: For Obama 2012, it’s all about the 99 percent

http://www.reuters.com/article/2012/01/25/us-obama-campaign-idUSTRE80O0EO20120125 By Jeff Mason WASHINGTON | Wed Jan 25, 2012 9:40am EST (Reuters) – President Barack Obama threw red meat to his political base on Tuesday with a promise to do the nearly impossible: solve the problem of widening U.S. income inequality. Faced with the very real possibility of losing the White House in November, […]

‘There will be riots on streets of America’: George Soros predicts class war in U.S. as euro triggers collapse of global economy

http://www.dailymail.co.uk/news/article-2091190/George-Soros-predicts-U-S-riots-insists-Euro-saved-global-economy-collapse.html Billionaire New York investor warns of impending economic meltdown Backs euro and buys Italian bonds from Jon Corzine’s failed MF Global Warns it’s ‘difficult to know right decisions to make’ after boom years Supports Occupy Wall Street, Democrats and Obama re-election efforts By Mark Duell Last updated at 6:32 PM on 24th January 2012 […]

Subculture of Americans prepares for civilization’s collapse

http://www.reuters.com/article/2012/01/21/us-usa-civilization-collapse-idUSTRE80K0LA20120121?feedType=RSS&feedName=domesticNews&rpc=22&sp=true By Jim Forsyth Sat Jan 21, 2012 11:44am EST “In an instant, anything can happen,” she told Reuters. “And I firmly believe that you have to be prepared.” Tegeler is among a growing subculture of Americans who refer to themselves informally as “preppers.” Some are driven by a fear of imminent societal collapse, others […]

Analysis: Ditch the assumption developed economies are safe

http://www.reuters.com/article/2012/01/17/us-economy-global-shift-idUSTRE80G0R120120117 By Peter Apps, Political Risk Correspondent LONDON | Tue Jan 17, 2012 7:40am EST (Reuters) – The downgrade of much of Europe’s credit ratings demonstrates in perhaps the bluntest terms so far the collapse of any lingering — if lazy — assumptions that developed states are somehow “safer” than emerging counterparts. In the years […]

Banks start playing games with your money

http://www.reuters.com/article/2012/01/13/us-usa-gamification-idUSTRE80C19M20120113 By Linda Stern WASHINGTON | Fri Jan 13, 2012 3:39pm EST (Reuters) – A new video game has gotten its hooks into Brian Kealer, a 26-year-old San Francisco software engineer. He’s not killing birds or using his vocabulary to impress his friends. No, Kealer is after real prizes, like the iPad2 he just scored. […]

Insight: Recovery at risk as Americans raid savings

http://www.reuters.com/article/2012/01/17/us-recovery-risk-idUSTRE80G08320120117 By Jilian Mincer and Jonathan Spicer NEW YORK | Tue Jan 17, 2012 8:50am EST (Reuters) – More than four years after the United States fell into recession, many Americans have resorted to raiding their savings to get them through the stop-start economic recovery. In an ominous sign for America’s economic growth prospects, workers […]

Revealed: How deluded Bernanke thought economy could make ‘soft landing’ just months before the credit crunch

http://www.dailymail.co.uk/news/article-2086491/Revealed-How-deluded-Bernanke-thought-economy-make-soft-landing-just-months-credit-crunch.html Housing market faced ‘at worst an orderly decline’, said Federal Reserve chairman in 2006 Timothy Geithner denied risk of ‘collateral damage By Daily Mail Reporter Last updated at 10:51 PM on 13th January 2012 Ben Bernanke believed that the U.S. economy would have a ‘soft landing’ in the wake of falling house prices in […]

EU agrees to embargo on Iranian crude

http://www.reuters.com/article/2012/01/04/us-iran-idUSTRE8031DI20120104 By Justyna Pawlak and Parisa Hafezi BRUSSELS/TEHRAN | Wed Jan 4, 2012 3:38pm EST (Reuters) – European governments have agreed in principle to ban imports of Iranian oil, EU diplomats said on Wednesday, dealing a blow to Tehran that crowns new Western sanctions months before an Iranian election. The prospective embargo by the European […]