It's not "chicken little" time yet, but for the first time since World War II, the global economy has shrunk. A world wide slowdown in consumer spending, business closing, lack of bank lending and other factors, has lead to a global slowdown in economies which has ultimately has caused, reportedly, a
shrinkage in the global economy.

The World Bank reports that Emerging Markets will face a funding gap of seven-hundred billion dollars.

Analysts report that a depression dynamic is taking hold as trade and the banking systems revisit the 1930's.

Nineteen of the largest banks in the U. S. are undergoing stess tests, the final report will be released next month.

Senator Chuck Schumer of New York and Senator Lindsey Graham of South Carolina, are promoting the idea, of the Government taking some control over certain of the banks.

Senator John McCain has reportedly stated, that Congress should not give any more aid to GM, he said that the company should be allowed to file for bankruptcy.

Warren Buffett reportedly lost some one-hundred and nineteen billion dollars.

Circuit City closed its doors today, thirty-four thousand people lost their jobs, five hundred stores worldwide are gone.

Some states in the United States are pushing for sovereignty.
Please tell us they are among the only four, out of fifty with surpluses. Otherwise please sit down and be quiet, we are methaphorically on the Titanic, with the possibility of being rescued and you have a big old wooden raft, what's a matter you? Or is it six in one hand and half a dozen in the other?

Asian stocks start the week higher.

North Korea orders its army to be combat ready, ahead of U. S./South Korea drills.

British Airways debt is reduced to junk status, remains on negative watch.

New Zealand construction declines, housing prices fall to four year low.

Lloyds may cut jobs as three hundred and sixty billion dollar asset guarantee, gives state control.

A-Rod, Eric Rodrequis reportedly will undergo hip surgery.

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