financial news

Riches to Rags - NY Times (article about Kevin Phillips' Bad Money -- great book)Credit crunch: The blame game - BBC News (Interesting compilation of pundits' take on who caused the crunch)Wary investors see banks as cheap - BBC News (I…

You thought I was on vacation? Well, I am, but I want to make a few comments about the goings on today as a lot of data came out. Here is the lightning round in no particular order (sorry Cramer, I'm stealing your tag line)Thousands face…

Trade talks collapse frustrates Africa - Fin24 (Africa is the real loser here in a dispute between the EU, U.S. and China and India)India blamed for Doha collapse by trying to protect poor farmers - Times Online (The finger pointing…

Bank losses shame disgruntled Swiss - BBC NewsStarbucks cuts 1,000 jobs, COO post and retreats from Australia - National PostSantander revenues rise 16% - FTAustralia faces worse crisis than America - Ambrose Evans-Pritchard,…

Japan Jobless Rate Rises to 4.1%, Highest Since 2006 - BloombergPlan to revive mortgage lending - BBC News (Is an American-style bailout in the offing in the UK?)Merrill's $5.7B Write-Down, $8.5B Share Issuance - Big Picture (interesting…

IMF sees no end in sight to credit crisis - FTBBVA boosted by expansion in U.S. and China - FTFormer Google engineers unveil new search engine - National PostCommodities such as oil could be the latest bubble about to burst - Roger Bootle,…

Lean Times in a Town of Billionaires - Deal BookUK economic growth slows sharply - BBC NewsOttawa rejects Air Canada layoff waiver request - National PostEurozone mortgage lending at record low - FTJapan inflation accelerates - FTInvestors…

Housing: US, UK and SpainBright spots in the housing nightmare - MSNU.S. Mortgage Rates Soar on Inflation Fears - Housing WireU.S. Existing Home Sales Continue Freefall - Housing WireOversupply killing U.S. lender giants and house prices -…

PoliticsSurvey finds oil bonanza in Arctic - National PostA Short Primer on McCainomics Versus Obamanomics: Top-Down or Bottom-Up - Robert ReichBush drops opposition to housing bill - LA TimesMcCain Credits Bush For Drop in Oil Price -…

While I don't agree with all the opinions expressed in the articles below, they are all still very good reads. Today, there is a lot more on politics. Warning: some articles may be controversial. Politics Why Jesse Jackson…