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George Soros, the man who broke the Bank, sees a global meltdown Posted on April 1st

George Soros was 13 when the Nazis invaded his homeland of Hungary. As a Jew, he was forced to adopt a false identity and live separately from his parents in Budapest. Instead of being traumatised by the experience, though, he found the danger exhilarating. “It was high adventure,” he says, “like living through Raiders of the Lost Ark.” Read more

Darling backs down over 5% business rate rise

Alistair Darling bowed to pressure last night and cut the planned 5 per cent rise in business rates that was ... Continue linkarrow
March 31st / 0 comments

Wall Street gains as banks, tech climb

NEW YORK (Reuters) - Stocks rose on Tuesday despite gloomy economic data, with March on track for its best month ... Continue linkarrow
March 31st / 0 comments

Obama gives car firms deadlines

Soon after ordering the resignation of GM chief Rick Wagoner, Mr Obama said bankruptcy protection could speed up the restructuring ... Continue linkarrow
March 30th / 0 comments

KB Home reports loss in 1Q (AP)

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March 30th / 0 comments

Obama seeks strong message of unity at G20: report (Reuters)

WASHINGTON (Reuters) – President Barack Obama said in an interview published on Sunday that leaders of the G20 major global ... Continue linkarrow
March 29th / 0 comments

Geithner says U.S. ready to aid auto restructuring (Reuters)

WASHINGTON (Reuters) – U.S. Treasury Secretary Timothy Geithner said on Sunday that the government was ready to help struggling Detroit ... Continue linkarrow
March 29th / 0 comments

As Oversight Plan Is Unveiled, Turf Battle Begins to Unfold

Even as Treasury Secretary Timothy F. Geithner yesterday was presenting to Congress his new blueprint for revamping financial oversight, federal ... Continue linkarrow
March 29th / 0 comments

Obama, Bankers Sit Face to Face

Lend more. Spend less. That was President Obama's message yesterday during a meeting at the White House with the chief executives ... Continue linkarrow
March 28th / 0 comments

‘Only a miracle’ will save super in ‘09

ONLY a financial miracle will save some Australians from suffering a second year of superannuation losses, a research house says. Read ... Continue linkarrow
March 28th / 0 comments

Buyers back in shacks as flats fail to sell

Shacking up ... buyers are staying away from coastal unit developments. Picture: Gregg Porteous Coastal developments failing to sell ... Continue linkarrow
March 28th / 0 comments

IBM criticized for job cuts, outsourcing

(CNN) -- IBM's reported plans to lay off thousands of U.S. workers and outsource many of those jobs to ... Continue linkarrow
March 27th / 0 comments

Dollar Slams Up Against A (Great) Wall

The People's Bank of China flexes its muscle in call for a new reserve currency. Read more Continue linkarrow
March 27th / 0 comments

Wolf Block’s end marks an era’s passing

It was the early 1980s, and under the leadership of the influential Howard Gittis, the Philadelphia law firm of Wolf, ... Continue linkarrow
March 27th / 0 comments

At AIG: What would Hank do?

"There is no way on God's green earth that any of this would have happened on Hank's watch," says ... Continue linkarrow
March 26th / 0 comments

Consumer Watch: Gas deregulation’s high price

When Illinois officially deregulated natural gas markets in 2002, state legislators predicted that competition would reduce home heating bills. The exact ... Continue linkarrow
March 26th / 0 comments

PM: ‘Mervyn King Backs Me On Economy’

5:11pm UK, Wednesday March 25, 2009 Gordon Brown has insisted the Bank of England Governor backs him over measures to support ... Continue linkarrow
March 26th / 0 comments

Energy suppliers ‘overcharging eight million customers’

Energy suppliers are still taking unnecessarily high direct debit payments from millions of customers each month. Read more Continue linkarrow
March 25th / 0 comments

Gilt auction fails for the first time since 2002

An auction of government-guaranteed bonds failed for the first time in seven years today. Read more Continue linkarrow
March 25th / 0 comments