BuzzFeed
Reccession
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Link: OECD: Developed World Already in Recession
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
![[link]](http://s3-ak.buzzfed.com/static/images/public/icons/external-link2.png)
The world's developed countries, hard hit by the financial crisis, have probably tipped into a recession that will last at least through the first half of 2009, according to new projections issued Thursday.
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Image: Melting Economy
A giant ice sculpture reading “Economy” was left to melt in downtown NYC yesterday. The blatant symbolism was timed perfectly to coincide with both the 79th anniversary of Black Tuesday and the latest crappy recession news. Effective, but not nearly as fun as renegade blue-balling.
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Link: GDP Shrinks… Reccession Upon Us?
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
The government reported Thursday the economy shrank in the summer, the strongest signal yet that a recession may have already begun, a day after the Federal Reserve slashed a key interest rate to battle an economic downturn.
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Link: GM Merger?
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
General Motors Corp on Wednesday reported an 11 percent drop in third-quarter global auto sales and said it is reviewing upcoming vehicle production plans as it aims to conserve cash in the face of mounting pressure in the United States and other key markets. A merger may happen…
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Link: Oniomaniac
http://www.panasianbiz.com/2008/10/22/oniomaniac-the-cure...
Oniomaniac- an uncontrollable desire to buy things. Shopaholic syndrome, the cure to the world’s financial problems.
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Link: Wachovia Reports $23.9 Billion Loss
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
Wachovia Corp reported a third-quarter loss of $23.9 billion on Wednesday, the largest quarterly loss by a banking company in the global credit crisis, underscoring the challenges Wells Fargo & Co will face when it acquires the big lender.
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Link: Bush Administration To Do Whatever it Takes
http://us.rd.yahoo.com/dailynews/rss/mostemailed/*http://...
The Bush administration is pledging to do whatever it takes to battle a severe financial crisis that is threatening to push the country into a steep recession.
