The latest news and commentary gleanings from our economic editor: Despite $143 Billion Bailout, AIG May Be Tottering Towards Collapse — Global Financial Crisis Drives EU Toward Recession — Auto Sales Worst Since 1992 — US Manufacturing Shrinks to 26-year Low — Battered Global Markets End October With Worst Losses Ever — Global Financial Matrix Disintegrates — HBOS, RSS to Reveal Massive Asset Losses — Brits Hoarding Cash? — International Trade Slowed ‘Savagely” By Credit Crisis — The Financial Next Shoe To Drop — Blue Mountain Capital Freezes Withdrawals From Its $3.1 Billion Hedge Fund — Bernanke Push For Lower Bank Borrowing Costs Drives Treasury Yields Higher — Banks Tighten Lending Standards By a Record as U.S. Economic Outlook Dims
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Some deep Schumer ahead? Schumer Vows Big Changes on ‘Issue After Issue’ in Next Senate. (A hat tip to KAF for the link.)
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Our #1 Son attended the Seasteading Institute‘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.
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Hawaiian K. sent us this article on “diesel trees”