Reader “Mongoose” in the UK and Mark S. both sent us this: Iceland and the UK square off in a strange new financial Cold War
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Numerous budget shortfalls around the nation: States That Can’t Pay for Themselves.
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Katya sent us these links for your weekend reading displeasure: Iceland Teeters On Edge Of Economic Collapse; Banking Woes Spread Across Europe — Councils fear for Icelandic cash — Banking on gold.. And then Cheryl (our Economic Editor) sent all these: Wall Street Ends Worst Week Ever With Wild Trading — Dow’s Worst Week Comes To An End (Total Decline For Week 2400 Points, 22.1% Loss, Worst Ever) — Oil Falls To 13-month Low As Investors Grow More Pessimistic — European Markets Slump Further — Morgan Stanley Drops Into Single Digits — Morgan Stanley Credit Rating May Be Cut — Global Stock Selloff — Companies Hardest Hit By Credit Crisis — London: Worst Ever Opening As Markets Slide — Asian Stocks Plunge Again; Crisis Deepens — UK Prepares For Mass Unemployment — FDIC Insurance Not A Sure Thing — Global Auto Market May Collapse In 2009 — US Mint: Unprecedented Demand For Gold Eagles — Bush Forced Into Diminished Role In Economic Crisis — Fed Lends Record $431 Billion as of Wednesday — Potential Economic Seizure Dead Ahead — Central Banks Panic As Bailouts Fail To Halt Stock Market Crash — Gold Ready To Skyrocket? — GE’s Profits Drop 22% — G-7 Meets on Crisis as Italy Splits Over `Weak’ Draft — Dow Average May Be Poised To Fall To 7,000 — Berlusconi Reverses Claim Re Closing World Markets — US To Buy Stake In Banks
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Eric flagged this one: Plug-In Hybrids Aren’t Coming — They’re Here