Economics and Investing:
World Bank could run out of money ‘within 12 months’. (Thanks to Chris H. for the link.) Don W. flagged a New York Times piece: Too Rich to Worry? Not in This Downturn. JWR’s comment: When even the uber-wealthy feel the pinch, then it is clear that this is not just a typical market cycle-triggered recession! Items from The Economatrix: Stocks Fall Following Disappointing Jobs Report [Official] Jobless Rate Reaches 9.8% in September Jobs Data Sends Oil Prices Tumbling Below $70 Banks Have Us Flying Blind on Depth of Losses Banks With 20% Unpaid Loans at 18-Year High Amid Recovery …