The latest news and commentary gleanings from our economic editor: Despite $143 Billion Bailout, AIG May Be Tottering Towards Collapse [1] — Global Financial Crisis Drives EU Toward Recession [2] — Auto Sales Worst Since 1992 [3] — US Manufacturing Shrinks to 26-year Low [4] — Battered Global Markets End October With Worst Losses Ever [5] — Global Financial Matrix Disintegrates [6] — HBOS, RSS to Reveal Massive Asset Losses [7] — Brits Hoarding Cash? [8] — International Trade Slowed ‘Savagely” By Credit Crisis [9] — The Financial Next Shoe To Drop [10] — Blue Mountain Capital Freezes Withdrawals From Its $3.1 Billion Hedge Fund [11] — Bernanke Push For Lower Bank Borrowing Costs Drives Treasury Yields Higher [12] — Banks Tighten Lending Standards By a Record as U.S. Economic Outlook Dims [13]
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Some deep Schumer ahead? Schumer Vows Big Changes on ‘Issue After Issue’ in Next Senate [14]. (A hat tip to KAF for the link.)
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Our #1 Son attended the Seasteading Institute [15]‘s First Planning Conference, where he got the chance to meet a lot of Libertarians–with a capital “L”. He plans to write a piece about Seasteading for SurvivalBlog that will be posted soon.
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Ruger announces the recall of some LCP .380 ACP pistols [16].
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Hawaiian K. sent us this article on “diesel trees” [17]