Friday, December 5, 2008

Is It Time to Hit the Panic Button?


The editors feel that no amount of editorializing can capture the drama and foreboding in today's links. We wonder, "Is it time to hit the Panic Button as we hunker down in our cement bunker whilst supping on this hellbroth, witches' brew of economic chaos and uncertainty? Is this the next Black Plague?"



533,000 jobs slashed

http://www.yahoo.com/s/997473

Most jobs lost since 1974

http://www.msnbc.msn.com/id/28067433/

US job losses reach 34-year high

http://news.bbc.co.uk/2/hi/business/7767326.stm

Biggest Monthly Job Loss In 34 Years

http://www.cbsnews.com/stories/2008/12/05/business/main4649747.shtml

Labor Pains: More Than Half-Million Jobs Lost in November

http://blogs.abcnews.com/moneybeat/2008/12/massive-layoffs.html

Workers' nightmare: 1.9 million jobs vanish

http://money.cnn.com/2008/12/05/news/economy/jobs_november/index.htm

One-in-10 in mortgage trouble

http://www.msnbc.msn.com/id/28069420/

Fed Chief: Foreclosures Have to Go

http://abcnews.go.com/Business/wireStory?id=6392452

Jobs figures depress oil prices

http://news.bbc.co.uk/2/hi/business/7766445.stm

US economy 'weaker in all areas'

http://news.bbc.co.uk/2/hi/business/7763953.stm

Barney Frank: Bleak jobs report makes auto bailout more urgent

http://www.yahoo.com/s/997466

US carmakers' plea scrutinised

http://news.bbc.co.uk/2/hi/business/7766354.stm

Big 3 Grilled on Hill; Bush Pushed by Dems

http://abcnews.go.com/Politics/story?id=6400102&page=1

Detroit bailout drive sputters on Capitol Hill

http://www.newsdaily.com/stories/tre4b10c6-us-autos-bailout/

Auto Bailout May Be Tied To Big 3 Overhaul

http://www.cbsnews.com/stories/2008/12/05/business/main4649832.shtml

CNNMoney:
Auto bailout not just about Detroit

http://money.cnn.com/news/specials/storysupplement/stateautoworkers/index.html

CNNMoney:
$1 trillion rescue: Not so far-fetched

http://money.cnn.com/2008/12/05/news/economy/trillion_stimulus/index.htm

U.S. bank holdings have lost billions so far

http://www.msnbc.msn.com/id/28069615/

Cash-needy, some sell body bits

http://www.msnbc.msn.com/id/28040824/

US recession affects Billy the elephant

http://news.bbc.co.uk/2/hi/programmes/world_news_america/7766331.stm

Muslims delay hajj amid tough economy

http://www.msnbc.msn.com/id/28069327/

Hajj

http://www.performhajj.com/index.php.

Blackwater Guards Could Get 30 Years

http://www.cbsnews.com/stories/2008/12/05/national/main4649532.shtml

Stranded workers in Iraq: We were duped

http://www.cnn.com/2008/WORLD/meast/12/04/iraq.forgotten.workers/index.html

India acknowledges Mumbai attacks revealed security lapses

http://www.yahoo.com/s/997478

Hero Nanny Saved Baby Amid Mumbai Horror

http://www.cbsnews.com/stories/2008/12/05/earlyshow/main4649757.shtml

Bangkok airport resumes operation




























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