Brad H. sent this from Capitalism magazine: The Collapse of America? The Dire Message of Mr. David Walker [1]
Detroit sets record for unemployment–28.9% [2] (Thank to Paul B. for the link.)
Items from The Economatrix:
Arnold Holds Great California Garage Sale To Help Economy [3]
How Goldman Sach’s Problems are Hurting You
US Economy: Spending Climbed in July Due to Clunkers Program
Japanese Economy Hit by “Double Nightmare”
Bankers’ Excesses…At Our Collective Expense [4]
Tsunami of Broke and Desperate Americans [5]
Fed urges secrecy on banks in bailout programs [6] (A more accurate headline would be: “Fed Warns The Truth Will Destroy The Economy”)
Japan Unemployment Hits Record High
US Prisoners Get Cash To ‘Boost Economy’
Summer ‘Recovery’ Will Turn to Cold, Long Winter
[7]
Investment Crash Points to Economic Pain [8]
UK Financial Watchdog Backs World Transaction Tax
Can The Financial Soufflé Rise Again?
[9]
UK Sleepwalking Toward Decade of Economic Misery
Germany to Lend Directly as Second Credit Dive Looms