GM moves closer to bailout, as CEO Wagoner holds talks, with Paulson and Bolten. White House appears to be on board with providing the funds for the bridge loan, for the automakers.

Soros and Shaw, raise the first ten milion dollars for the Obama Inauguaration, reportedly.

President-elect Obama, said to be nominating New York city's Shaun Donavon, as his Secretary of Housing.

Defense Secretary, Robert Gates, warns the foes of the U. S., that "they would be mistaken to test the Obama administration".
Would that be, don't mess with the skinny kid from Chicago?

On Monday, the State of Illinois House of representatives will debate impeaching Governor Blagojevich, the State Senate will
begin proceedings to impeach the Governor on Manday as well.
The State Attorney General, is requesting, that the State Supreme Court uphold, a measure to remove the Governor from his duties as he is felt to be, unfit to govern, that was submitted on Friday of last week, reportedly.

The "Giant Ponzi Scheme" led by the firm of Bernard Madoff, former Chairman of Nasdaq, may cost Fairfield, Conneticut's,
pension fund, forty-two million dollars. Mr. Madoff pulled in Hedge funds, banks, and Foundations, as well.

The dollar fell to its lowest level in 14 years against the yen, on worries about the auto bailout failure.

Toyota may report a $1.1 billion dollar loss for the second-half of the year.

The Colorado ski area's, homes sales have declined by 40%.

China, Japan and South Korea, have decided to boost co-operation, amid the global economic turmoil.

Venezuela's oil basket has declined 48%, below it's budget plan.

Deutsche Bank's trading woes continue, as it's Weinstein-Led
Unit, loses one billion dollars.

Portugal approves a $2.9 billion dollar, stimulas packsge to boost its economy.

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