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Rising inflation to keep ECB rate unchanged, Bank of England may lower its rate
FRANKFURT, Germany – Eight months into the global credit crisis, while the U.S. Federal Reserve Bank has been slashing rates, the European Central Bank is staying on the sidelines, worried more ...
Big News Network

Alabama County Faces Bankruptcy
A financial crisis has Alabama's Jefferson County on the verge of a $4.2 billion bankruptcy action. The county is home to Birmingham, the state's largest city.
NPR

Sub-prime losses tipped to top $1 trillion
LOSSES from the sub-prime crisis are set to reach almost $1.08 trillion, according to the IMF, which has warned the global credit crunch may get worse.
News.com

I have no regrets, Greenspan tells critics
The former Fed chief rejects claims he went too easy on rates and left the door wide open for the US financial crisis
The Australian

IMF warns global crunch losses to hit $1 trillion$
Losses from the credit crisis by financial institutions worldwide are set to balloon to almost $1 trillion ($£500 billion) threatening to trigger severe economic fallout, the International Monetary Fund said today.
Times Online

Business confidence fades
AUSTRALIAN business confidence is mirroring a crisis of confidence in the world's rich nations that is causing global growth to quickly tail off.
The Courier Mail

IMF says credit crisis still threatens growth
Read full story for latest details.
CNN Money

Home Crisis, Weak Dollar Fuel U.S. Recession -- And Recovery
WASHINGTON (dpa) -- It was the dot-com bubble that sparked the last recession in the United States in 2001. This time, it is the housing market fuelling an economic crisis that some believe could be the most severe since World War II....
Hispanic Business

Biggest house price plunge for 15 years
House prices in Britain plunged last month by the worst figure since the financial crisis in the early 1990s.
Times Online

Dollar Falls Versus the Yen in Asia (AP)
The dollar fell against the yen and euro Tuesday in Asia after the former U.S. Federal Reserve chief said that the full extent of the housing crisis won't be known for months, renewing uncertainty over the American economy.
yahoo.com

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