World economy on rebound

World economy on rebound, but future uncertain

Hillary: "It was so long ago, with my husband. "I sacrificed a lot of my privacy, which I regret,"…

Appearing on a popular Turkish television chat show, Hadi Gel Bizimle (Come and Join Us), Clinton tackled a few diplomatic questions but the main focus was on her personal life, such as when she "last" fell in love…

Read more hillary talks...

Source: www.reuters.com

UBS writedowns $1.3billion

A US legal settlement and new write-downs have added more than SFr1 billion ($1.3 billion) to UBS's losses and it expects earnings to be at risk for some time. UBS, Switzerland's biggest bank, posted a 20.9 billion Swiss franc loss for 2008, more...

Read more ubs suffers more losses...

Source: www.theaustralian.news.com.au

How the pursuit of profits drove so many of the bad decisions

while investors tally the losses that were generated by loose lending so far, the impact of another lax practice is only beginning to be seen.

That is the big banks' minimalist approach to meeting legal requirements - bookkeeping matters, really - when pooling thousands of loans into securitization trusts…

Read more making bad decisions…

Source: iht.com

It’s on: Feeding Frenzy at Facebook

Facebook on Wednesday announced a new homepage design and other new features to make the site more useful to companies and other public figures, as it tries to expand ways that people are using the social-networking service…

Read more feeding frenzy time….

Source: www.wsj.com

Mark zuckerberg

Why GM will run out of cash..

In a regulatory filing, GM, which was overtaken by Toyota as the world’s biggest carmaker last year, underlined the magnitude of its liquidity crisis by warning that it cannot afford to repay a $1bn bond maturing on June 1.

The bond is part of $27bn in unsecured debt that GM is seeking to restructure through a debt-for-equity exchange...

Read more GM warns it may run out of cash

Source: www.ft.com

Major Banks Posting Huge Losses

The nation's banks lost $26.2 billion in the last three months of 2008, the first quarterly deficit in 18 years, as the housing and credit crises escalated. The Federal Deposit Insurance Corp. said.....

Read more biggest losses since 1990

Source: Houston chronicle

U.S. Blew It: Must Now Spend TRILLIONS to Avoid Depression

“This economy needs support from the government, a check from the government in the trillions,” Gross said today in a Bloomberg Television interview from Pimco’s headquarters in Newport Beach, California. “There is a potential catastrophe if the U.S. government continues to focus on billions of dollars.”...

Read more U.S. must now spend trillions to avoid...

Source: bloomberg