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http://www.nytimes.com/2010/07/12/business/global/12refin... ![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png){kind=icon}
Institutions around the world must repay or roll over trillions of dollars in short-term borrowing over the next two years, perhaps leading to tighter and costlier credit.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
AP - After achieving notable success in dealing with the worst economic crisis in decades, major countries are now struggling to manage the global recovery.
Resembling something out of a fairy tale, Ice House Detroit is an installation by two artists who wanted to symbolize the current “freeze” in the housing market in Detroit, MI. (Via VisuaLigual)
TV Buzz Coming soon on Fox: real-life layoffs as reality TV. Each week of the exciting series “Someone's Gotta Go” will feature a struggling small business that needs to fire an employee. The entire staff will be told how much everybody makes, what their performance reviews have been like, etc. Then they will discuss and vote on who should be let go. It's being described as like The Apprentice meets Survivor meets The Office, but really it is like “so depressing” meets “makes me uncomfortable.”
Right-wing blogs and news sites are talking about about “economic crisis.” We’re tracking the latest headlines on this topic and update this page with links as they come in.
Left-wing blogs and news sites are talking about about “economic crisis.” We’re tracking the latest headlines on this topic and update this page with links as they come in.
http://www.nytimes.com/2009/03/11/us/11motel.html?partner...
The new face of homelessness: formerly middle-class folks living in motel rooms.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Citigroup actually made a profit in January and February! Wall Street is going nuts over this astounding good news.
http://www.nytimes.com/2009/03/08/education/08yield.html?...
It is definitely a student's market this year. With the economic crisis, colleges aren't sure how to predict how many students will accept admission offers - but they're thinking probably fewer than usual.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Warren was on CNBC today talking about the economic crisis. He said the economy has “fallen off a cliff” and unemployment will still get worse. He also said the nation's leaders need to present a consistent message and that we should think of Obama as commander in chief of an economic war.
Banks are not the only things that are too big to fail. We are going to be just fine, people. We are going. To be fine.
http://www.nytimes.com/2009/03/02/business/worldbusiness/...
India's economy is still growing while basically every other economy in the world is shrinking or collapsing into chaos. Way to go, India! That's so great, you guys. We're really happy for you.
http://www.nytimes.com/2009/02/24/opinion/24herbert.html?...
America's infrastructure is crumbling. People need jobs. Bob Herbert thinks the solution should be obvious.
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Senate Republicans on Tuesday blocked Democrats from adding $25 billion for highways, mass transit, and water projects to President Barack Obama's economic recovery program. Of course the entire cost of the stimulus bill would be covered if Obama's various nominees just paid their taxes.
Microsoft Songsmith can turn anything into music genius, including the downward spiral of the global economy. This is clever, but then it gets kind of depressing. Cheer yourself up with a selection of classic songs Songsmith-ified.
Business Buzz Breaking on Friday morning: December's unemployment rate was announced at 7.2%, a 16-year high. Here are some alerts from top news sources.
This is the official logo of the recently laid off and the formerly hopeful. Brought to you by ASSME, the American Society for Shitcanned Media Elites, a “support organization for newly downsized members of the magazine, newspaper, book publishing, advertising, TV and web industries.”
The newest offering from the Big Three: The all-new, 2009 Bailout. At just $25 billion, it's automatically next year's bestseller.
Business Buzz Yet another victim of our tattered economy: the kept woman. Men about town are less willing to spend money on bottle service and pricey jewelry for their companions, and a whopping 82% of men surveyed plan to reduce payments to their mistresses (though there must be a Bradley effect in that poll). All in all, not a good time to be a woman of leisure.
After receiving some breaking “information,” very funny twitter-man…
Yikes. Looks like we have a really big problem here, society.
