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Brazil`s Cool, Not Cold
Economy decelerates but recession doesn't seem to be in the cards.
Forbes

Wall Street fails to extend global stock rally (AFP)
Wall Street shares fell hard Tuesday as investors locked in recent gains, while European stock markets extended their rally to a second day on better-than-expected German economic data.
yahoo.com

Spansion shutting Texas plant for 3 weeks
Citing what’s anticipated to be a weak holiday season and a deteriorating economy, Spansion Inc. says its shutting down its Austin, Texas, chip plant for three weeks starting Dec. 13. (SPSN)
bizjournals

Overview: Investors focus on weakening earnings outlook
Global equity markets diverged and risk aversion increased amid year-end worries, after investors were forced to focus on the weakening earnings outlook
Financial Times

Sales of flat-screen PC monitors set to shrink
Global sales of flat-screen computer monitors are almost certain to fall next year for the first time since they were invented, according to analysts and industry leaders, in a sign of how hard the economic downturn is hitting consumer sentiment in the US and Europe
FT.com

Negative reports weigh on U.S. stocks
Investors worry that companies’ difficulties could make an economic turnaround difficult. FedEx Corp. cut its forecast for fiscal 2009 earnings and capital spending late Monday as the slumping economy eroded package deliveries.
HoustonChronicle.com

Its A ManCession in the Lipstick Economy
CEP News Its not a recession, its a mancession. And the lipstick economy may...
mrswing.com

0% interest rate on the horizon as economy shrinks twice as fast
Alistair Darling’s hopes that growth would resume in the second half of next year were hit yesterday by predictions that the recession could turn into a slump worse than that of the early 1980...
Big News Network

Asian markets rise as Congress nears auto deal
SEOUL, South Korea (AP) -- Asian markets shrugged off negative economic news to rise Wednesday, underpinned by continued faith in government measures to boost flagging economies as Congress neared a deal to rescue ailing U.S. automakers....
The Arizona Republic

China urges airlines to cancel, delay plane orders
China is urging its troubled state-owned airlines to cancel or defer new aircraft purchases amid the global economic turmoil _ a move that could hurt american and European aircraft makers. Airlines are also being urged not to renew leases for aircraft rented...
San Francisco Chronicle

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