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Berlin hits at Flowers over HRE rescue
Investor Christopher Flowers is proving 'un-co-operative' about the German government's wish to take control of Hypo real estate, which has been hard hit by the credit crunch
FT.com

Recession, Credit Crisis Stall Louisiana`s Hurricane Recovery Bonds
The U.S. recession and credit crisis have stalled a financing program created to help Louisiana recover from 2005's devastating hurricanes, the southern state's secretary for economic development ...
Insurancejournal.com

Low Rates, Economy Crimp CME Futures
The owner of the Chicago Mercantile Exchange is suffering as the credit crunch and unprecedented interest-rate environment crimps trading by banks and hedge funds.
WSJ.com

Republicans urge major changes to $894bn injection bill
Barack Obama said he was committed to 'doing what it takes to maintain the flow of credit' but made clear that additional support for the financial sector would come with tough conditions
FT.com

Sovereign Safety Net Has Holes
The cost of credit-default-swap protection on U.S. government debt has soared, which implies rising anxiety about Uncle Sam's finances as he underwrites ever more of the financial system.
Wall Street Journal

Superendorser Michael Phelps Caught Smoking Marijuana
Photo Credit: AP A photo of the record-setting-Olympian-turned-mega-endorser smoking marijuana through a bong turned up in the British tabloid News of the World today, under the screaming headl...
Big News Network

Letters: Blame the management
Almost all airlines are in the red these days and Air India is no exception (Only one way to go, January 30). Unfortunately, in the private sector, when a company is doing well, the entire credit goes to the top management in bad times, however, the fault is assumed to be entirely that of the employees whom the company can hire and fire. The article seems to absolve the management and blames only the employees for the state Air India is in today.
Business Standard

Unleashing ideas with venture capital - Businessday Online
There are many Nigerians with fantastic ideas that require capital to start or grow their existing businesses. Accessing the needed money from banks or other financial institutions is usually difficult not because all the ideas lack credit but there ...
Feed Digest

Joe Scarborough: Obama's Trying To 'Buy Off People' With 'Pure, Straight Socialism' - Think Progres
MSNBC’s Joe Scarborough went off on a tear against President Obama’s proposed stimulus plan this morning, slamming tax credits for people who, according to him, “don’t pay taxes.” “It’s not even welfare!” he shouted, and accused Obama of trying to “buy off your constituents”:SCARBOROUGH: You’re not going to get Republicans to line up and support [...]
NewsRack

Spain`s lenders prepare for pain to come
Spain's economic and property slumps are expected to take their toll on the country's banks, which so far have help up well amid the global credit crunch
FT.com

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