What will we call the current economic crisis?
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It was some time in the mid Nineties and I was posted in Kolkatta, India. Based on your political affiliations you may also call it Calcutta, but more famously known as the ‘City of Joy’.
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The US President George Bush addressed the nation on prime time TV on Wednesday to warn about the economic recession. You can watch video of the entire address here.
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JPMorgan Chase has announced that it will take over the ailing Washington Mutual at a cost of $1.9bn, according to this news report.
After hours of deliberation with President George Bush in Washingto
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This article by Daniel Gross of Newsweek comparing today's economic crisis to the 1930's is interesting and brings up valid points and criticisms, although it reads more like an Obama campaign ad.
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The executives who ran the recently collapsed Lehman Bros., Merrill Lynch, Bear Stearns, Fannie Mae and Freddie Mac into oblivion all prove one thing.
Sometimes you don’t always get what you pay for -
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