Bloomberg News sues Fed for transparency on $2 trillion in loans
Pres.-elect, target of many of CT sen.'s election barbs, contradicts Sen. Reid.
Who are the Architects of Economic Collapse? --Will an Obama Administration Reverse the Tide? by Michel Chossudovsky The October 2008 financial meltdown is not the result of a cyclical economic phenomenon. It is the deliberate result of US government policy instrumented through the Treasury and the US Federal Reserve Board. This is the most serious economic crisis in World history. The "bailout" proposed by the US Treasury does not constitute a "solution" to the crisis. In fact quite the opposite: it is the cause of further collapse. It triggers an unprecedented concentration of wealth, which in turn contributes to widening economic and social inequalities both within and between nations.
New envoy urges US to bail out Pakistan With Pakistan teetering on the brink of bankruptcy, Husain Haqqani made his pitch for a quick infusion of US cash... "All Pakistan is asking for is a bailout of $10 billion to fight [foment] terrorism" and get back on its feet, he told a packed audience recently at the Foundation for the Defense of Democracies, a Washington-based think tank... After Sept. 11, 2001, the United States had given about $125 million per month to Pakistan. This summer, a House subcommittee uncovered evidence of graft in the more than $6 billion worth of US military aid that went to Musharraf's government. Haqqani is also seeking an additional $10 billion loan from the United States at a "Friends of Pakistan" summit in the United Arab Emirates on Nov. 17.
McAuliffe Files Papers to Run for Governor Terry McAuliffe, a former chairman of the Democratic National Committee, filed paperwork today to run for governor of Virginia next year. McAuliffe said he's still not certain he will formally enter the race, but plans to spend the next two months traveling around the state talking to voters. He will also begin assembling a campaign team.
Circuit City files for bankruptcy protection Circuit City Stores Inc, the No. 2 U.S. consumer electronics retailer, filed for bankruptcy on Monday just weeks before the start of the holiday shopping season, becoming the largest retailer to file for Chapter 11 since Kmart in 2002.
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