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Worst of Crisis Ahead, More Banks May Hit Trouble: IMF
The worst of the financial crisis may still lie ahead and more major financial institutions may face trouble in coming months, IMF director general Dominique Strauss-Kahn said on Wednesday.
The crisis risks weighing on the world economy, he said, though both developing and developed countries were showing signs of resilience, Strauss-Kahn told reporters after a meeting with Gulf Arab finance ministers and central bank governors. (…)

Anxiety rises as the era of easy credit comes to an abrupt end
Updated 21h 7m ago
By David Lieberman, USA TODAY
The years of easy money were fun while they lasted. Banks and credit card providers were so flush with cash that they could help virtually anyone — including many who had trouble juggling their bills — pay for whatever they wanted.
But the party’s over.
That’s been marked by the shuddering collapse of investment bank Lehman Bros., the sale of Merrill Lynch to Bank of (…)

It’s the Derivatives, Stupid! Why Fannie, Freddie, AIG had to be Bailed Out
By Ellen Brown
Global Research, September 18, 2008
www.webofdebt.com/articles
"I can calculate the movement of the stars, but not the madness of men." – Sir Isaac Newton, after losing a fortune in the South Sea bubble
Something extraordinary is going on with these government bailouts. In March 2008, the Federal Reserve extended a $55 billion loan to JPMorgan to "rescue" investment bank Bear Stearns from (…)

Dodd: US financial system near meltdown
Sat, 20 Sep 2008 09:24:42 GMT
Christopher Dodd, Chairman of the US Banking Committee The US may be days away from a complete catastrophic meltdown of its financial system, says Senate Banking Committee chairman Chris Dodd.
"I’ve been here 28 years. To listen to the language of last evening, we maybe days away from a complete meltdown of our financial system," AFP quoted Dodd as saying while referring to the late Thursday meeting of the US (…)

3D Solar Cell Invented Or Copied From Georgia Tech!?!
http://www.youtube.com/watch?v=KDEWTCvU878&eurl=

Joseph E. Stiglitz: How to prevent the next Wall Street crisis
STORY HIGHLIGHTS Joseph Stiglitz: Fed pumped too much money, aiding housing bubble New-fangled instruments hid overuse of borrowing, Stiglitz says Executives followed short-term interests and magnified risks, he says Stiglitz: Widespread changes needed to prevent future crises
By Joseph Stiglitz Special to CNN Editor’s note: Joseph E. Stiglitz, professor at Columbia University, was awarded the Nobel Prize in Economics in (…)

A giant tribute to the former Soviet leader Vladimir Lenin made from thousands of trees has been spotted on Google Earth.
by Matthew Moore
The message, which translates as "Lenin is 100", was cut into a forest in a remote region of Siberia. Each letter is around 80 metres high, and the entire message stretches for 600 metres.
It was created by Russian woodcutters in 1970 to mark the centenary of the Communist leader’s birth, according to EnglishRussia, the blog which spotted the image. (…)

http://internationalnews.over-blog.com/article-22718881.html

http://internationalnews.over-blog.com/article-22770411.html

Government Taking Extreme Measures to Rescue Corporate America Simulataneously published at Money Daily.
Unbelievable.
The measures being undertaken by various branches of the government, including the congress, the SEC and Treasury in concert with the Federal Reserve are the most extraordinary that I have ever seen.
The US Treasury is opening a function that will guarantee money market funds. Treasury also recently announced plans to sell bonds to fund the Federal Reserve. The Fed and (…)