As GM restructures, the common stock shareholders, may lose all their equity in the company, Credit Suisse reports. GM stock slumpled further, on this news. Is that what you call a vicious cycle?
Senator and Secretary of State nominee, Hillary Clinton, forgave the loan she made to her campaign of $13.5 million dollars. Can you write that off, I wonder?
Five New Jersey men were reportedly, convicted of plotting an attack on Fort Dix soldiers.
Oil fell to $39.95 a barrel, due to a steep continuing drop in demand.
A report states that 55% of defaulted mortgages, which are modified, fail again in six months, according to regulators.
Marc Faber, an analyst at CNBC, has reportedly stated that 2009, will be catastrophic, for the global economy.
Cash strapped shoppers, are limiting their gift buying for children.
In the U. K., an insolvency firm, states that fifteen retail firms will go bust in January 2009. Most of the stores are said to giving deep discounts, to attract shoppers.
Thailand's new government may increase it's stimulus package by 80%.
Guinea's President, Lansas Conte dies at 74 years of age, after a long illiness.
Pair of giant pandas, set to reach Taiwan, as relations with China warm.
IndyMac regulator, allowed the company, to backdate it's profits, to skirt penalty, reportedly.
Christie's to announce a shake-up, in January due to the decrease in demand for art.
Toyota may cut U. S. workers, for the first time, due to unsold cars and trucks piling up.
Asian stocks drop, as concerns over Toyota's bleak forecast, fans recession concerns.
China stocks drop, as interest rate cut disappoints investors.
Madoff victims, may have to return, up to six years of profits and principle. Are you kidding? Talk about adding insult to injury.
Putin hosts a forum of gas exporting countries today in Moscow. This has to do, reportedly, with a possible gas OPEC, which Putin says is not the case.
Russia's Parliament is setting out, to allow their president to have a six year term instead of four years, it will have to be voted on and passed. All those who think the ruling will not be passed, raise your hands.
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A soft voice, when delivering stern words, may soften the blow.
