Understanding the global financial crisis - BBC

The BBC has made a timeline of the global financial crisis.

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How to fire 50,000

From the Forbes magazine.

http://www.forbes.com/2008/12/09/fire-layoff-jobless-lead-careers-employment08-cx_tw_1209layoffs.html?feed=rss_popstories

Brettonwood and its legacy

This article outlines Brettonwoods influence on the present economic system that needs a badly needed repair. Should it be junked?

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http://news.bbc.co.uk/2/hi/business/7725157.stm

When world leaders meet.

When world leaders meet, what do you think is the menu? That may be irrelevant or very relevant but the President of Brazil said that the US dragged the third world country to this turmoil. He said that as his seatmate is President Bush. US is short of cash while on the side of other side of Bush, China's Hu Jintao has a fat checkbook in his pocket. What is in the mind of Hu Jintao when he is aware China has $3.3 trillion?

http://www.iht.com/articles/2008/11/16/america/16leaders.php?page=2

World Economy

According to the International Monetary Bank (IMF) the world is facing the slowdown of economic growth. It is expected that this problem will ride for the next two years. America will be in recession and has worldwide effects.

Poor people will be crushed again in this round.

http://news.bbc.co.uk/2/hi/business/7338326.stm