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December 01 – December 15

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Now that we're officially in a recession ... Marketwatch / Irwin Kellner

Will December break Dow's losing streak? Marketwatch / Mark Hulbert

Cyber Monday draws millions online for holiday shopping USA Today / Jayne O'Donnell and Jon Swartz

Oil slumps 3 pct to 3-1/2 year low on econ worry Reuters / Annika Breidthardt

No. 1 chicken producer Pilgrim's Pride files for Chapter 11 USA Today / Julie Schmit

Best to leave the euro to its own (de)vices Telegraph / Ambrose Evans-Pritchard

Bush on the economic crisis: 'I'm sorry it's happening' AP via Rocky Mountain News

JPMorgan to cut 9,200 Washington Mutual jobs Reuters / Elinor Comlay and Jonathan Stempel

U.S. Stocks Drop, Ending 5-Day Rally; GE, JPMorgan Shares Fall Bloomberg / Lynn Thomasson

Dow plunges 680 points CNN / Alexandra Twin

Recession? Tell us something we don't know Houston Chronicle / Loren Steffy

Congratulations, It's A Recession Forbes / Joshua Zumbrun

Oil at $50 with US economy officially in recession AP via Seattle Times / Mark Williams

Treasuries at ‘Bubble’ Phase of Rally, Merrill’s Rosenberg Says Bloomberg / Daniel Kruger

Bernanke Says Fed May Buy Treasuries to Aid Economy Bloomberg / Scott Lanman and Vivien Lou Chen

Federal Reserve Policies in the Financial Crisis Federal Reserve Board / Ben S. Bernanke

Bernanke: lower interest rates are 'feasible' AP via Houston Chronicle / Jeannine Aversa

Bernanke Says Fed May Buy Treasuries to Aid Economy Bloomberg / Scott Lanman and Vivien Lou Chen

Bernanke says U.S. policy must act with vigor Reuters

Spend, spend, spend The Economist

Recession in U.S. Started in December 2007, NBER Says Bloomberg / Timothy R. Homan and Steve Matthews

Can the Democrats hit 60? The Economist

Bailout-a-Go-Go Euro Pacific via Safehaven / Peter Schiff

World economy 'weakest since 30s' BBC News

Leverage and Pain Forbes / A. Gary Shilling

Manufacturing sags to weakest since 1982: ISM Reuters / John Parry

CA: Bay Area sees deals on homes for under $100,000 San Francisco Chronicle / Carolyn Said

Construction spending drops 1.2% AP via CNN

Geithner to stay NY Fed president for several weeks Reuters

U.S. Treasury Yields Drop to Record Lows on Recession Concern Bloomberg / Dakin Campbell and Gavin Finch

Monday’s Analysis / Marty Chenard

U.S. Stocks Drop, Ending 5-Day Rally; GE, JPMorgan Shares Fall Bloomberg / Lynn Thomasson

Red Monday on Wall Street CNN / Alexandra Twin

Summers, Geithner Have Baggage, Not Fatal Flaws Bloomberg / John M. Berry

FBI: Birmingham Mayor arrested on federal charges Washington Post / Jay Reeves

South Florida bankruptcies up almost 50 percent from last year Miami Herald / Patrick Danner

US Treasury and the Fed: too close for comfort? Christian Science Monitor / David R. Francis

Bernanke's blueprint for dealing with the horrors of debt deflation Independent / Stephen King

Yields ‘Next to Nothing’ Lure Funds to Riskier Assets Bloomberg / Dakin Campbell

Treasuries Rise; 10-Year Yield Extends Decline to Record Low Bloomberg / Wes Goodman

A bailout for states? Sanford says 'No' / Daniel C. Vock

Yule tree gets pricier Boston Herald / Jay Fitzgerald

MA: Luxury homes plunge in price Boston Herald / Thomas Grillo

Solid Start to Holiday Shopping, but Discounts Threaten Profits NY Times / Stephanie Rosenbloom

OPEC Ends Meeting With No Plan to Prop Up Prices NY Times / Jad Mouawad

OPEC Failure Foretells Decline 10 Years After $10 Oil Bloomberg / Anthony DiPaola

Three ETFs to consider if Dow retests lows Marketwatch / Thomas Kee

No tax-loss selling this year Marketwatch / Mark Hulbert

Asian Stocks Decline on Signs Global Recession Is Deepening Bloomberg / Patrick Rial and Masaki Kondo

Yen Rises on Concern Recession Will Spur Repatriation of Funds Bloomberg / Stanley White and Ron Harui

China’s November Manufacturing Contracts by Record Bloomberg / Nipa Piboontanasawat


The Financial Tsunami and the Federal Reserve Federal Reserve Bank of Philadelphia / Charles I. Plosser

U.S. recession could last into 2010 Newsday / Maura Reynolds

Long Bond Returns Most Since 1995 Amid ‘Bubble’ Talk Bloomberg / Daniel Kruger and Dakin Campbell

Staples profit drops 43% as customers cut back Marketwatch / Andria Cheng

Stocks in bounceback mode CNN

‘Astonishing’ Stock Swings May Last Seven More Months Bloomberg / Jeff Kearns

Tuesday’s Analysis / Marty Chenard

Ford says CEO will work for $1 to get govt loans AP via Houston Chronicle

Sears loss bigger than expected on weak sales Chicago Tribune / James P. Miller

GE Sees Fourth-Quarter Profit at Low End of Range Bloomberg / Rachel Layne

Year-old recession just getting started Chicago Tribune / Maura Reynolds

Middle-class tax cut may come soon CNN / Jeanne Sahadi

Warm regions sinking to bottom 10 on cities' list Marketwatch / Russ Britt

Let bankruptcy help fix bad mortgages Christian Science Monitor / Rich Leonard

Building Slowdown Turns Grand Visions Into Vapor Washington Post / Paul Schwartzman and Dana Hedgpeth

Economic Signs Point to a Long, Deep Recession Washington Post / Neil Irwin

Obama's national security balancing act Christian Science Monitor

States Want $176 Billion Slice of Stimulus Washington Post / Ceci Connolly

Some Nations That Spurned the Euro Reconsider NY Times / Carter Dougherty

Yen Falls on Speculation Importers Are Selling Before Year-End Bloomberg / Ron Harui and Stanley White

Asian Stocks Fall as Manufacturing Declines; Woodside, JFE Drop Bloomberg / Patrick Rial

UK: Dip in manufacturing adds to rate-cut case London Times / Gary Duncan

Australia Extends Biggest Rate-Cut Round Since 1991 Bloomberg / Jacob Greber

Australian Current Account Deficit Narrows on Exports Bloomberg / Jacob Greber


Lacker Addresses Charlotte Chamber of Commerce on Dec. 3 Federal Reserve Bank of Richmond / Jeffrey Lacker

Housing Undervalued? Bah, Hah, Hah, Hah! Forbes / Tom Reese and Paul Rubillo

Auto exec: Failure could spark depression AP via Baltimore Sun / Julie Hirschfeld Davis

Wells Fargo Misled Bond Investors, Regulator Claims Bloomberg / Joel Rosenblatt

Dow 5,000 Redux Pimco / Bill Gross

Beige Book Federal Reserve Board

Globalization and the Changing Nature of the U.S. Economy’s Influence in the World Federal Reserve Bank of Dallas / Adriana Z. Fernandez and Alex Nikolsko-Rzhevskyy

Beige Book Bleak Forbes / Maurna Desmond

Fed Says Economy Slowed Across U.S. Since Mid-October Bloomberg / Scott Lanman

Treasury mulls plan to lower mortgage rates to 4.5% CNN / Tami Luhby

Lower mortgage rates help but jobs, prices key Reuters / Lynn Adler

Economy Shakes Wealthy's Confidence Forbes / Andrew Farrell

Boston’s State Street to Cut 1,700 Jobs By Early 2009 Bloomberg / Christopher Condon

Legg Mason to Begin Additional Job Cuts as Soon as This Week Bloomberg / Sree Vidya Bhaktavatsalam

Stocks finish higher despite dismal economic data AP via Houston Chronicle / Joe Bel Bruno

United to layoff nearly 1,200 after holiday rush Chicago Tribune / Julie Johnsson

Loonie lingers under 80 cents Globe and Mail / John Partridge

Oil prices waver on skimpy crude inventory report AP via Houston Chronicle / Dirk Lammers

The Community Reinvestment Act and the Recent Mortgage Crisis Federal Reserve Board / Randall S. Kroszner

Bonds drop in pullback from recent rally Reuters / Chris Reese

Private jobs and services slump show recession toll Reuters / Burton Frierson

Holiday sales: Outlook gets bleaker CNN / Parija B. Kavilanz

Mortgage application volume more than doubles in Thanksgiving week, refinancing leads triple AP via Chicago Tribune

Manhattan Awash in Open Office Space NY Times / J. Alex Tarquinio

Commercial Mortgage Delinquencies to ‘Spike’, Barclays Says Bloomberg / Sarah Mulholland

Obama names Richardson as Commerce Secretary Reuters

Wednesday’s Analysis / Marty Chenard

Why you should be buying stocks now CNN / the Mole

U.S. stocks gain as home builders, financials rally Marketwatch / Kate Gibson



Waiving or drowning? The Economist

A cautionary tale from within the fund-management industry The Economist

Improving the Infrastructure for Non-Agency Mortgage-Backed Securities Federal Reserve Board / Randall S. Kroszner

Is U.S. facing a depression? National Bureau of Economic Research won't go there LA Times / Martin Zimmerman

Is US now stuck with irrational pessimism? Christian Science Monitor / Ron Scherer

Job market got uglier in November, economists say Marketwatch / Rex Nutting

Junk bond yields are crazy high, but tread carefully USA Today / John Waggoner

Muni Bond Credit Swaps Soar as Credit Crisis Hits Governments Bloomberg / Shannon D. Harrington and Jeremy R. Cooke

So Will Detroit Get The Money Or Not? Forbes / Brian Wingfield

Investors drain $12B from mutual funds CNN / Ben Rooney

Lower mortgage rates no silver bullet CNN / Tami Luhby

Chicago foreclosures projected to rise 40% for 2008 Chicago Tribune / Becky Yerak

Fannie Mae, Freddie Mac Mortgage-Bond Yields Tumble Bloomberg / Jody Shenn

Fed to buy agency bonds on Friday Marketwatch / Deborah Levine

Wall Street turns cautious ahead of Friday's employment report; Dow industrials tumble 216 AP via Chicago Tribune / Tim Paradis

Giving season struggles to earn its name Marketwatch / Sam Mamudi

As Facebook spreads, so does malware Christian Science Monitor / Andrew Heining

Calm Session Turns Rocky Forbes / Steve Schaefer

Exaggerated claims The Economist

FDIC Publication Helps Consumers Understand Their New, Higher Deposit Insurance Coverage FDIC

AT&T cuts 12,000 jobs Reuters / Ritsuko Ando

Thursday’s Analysis / Marty Chenard

Remarks by FDIC Chairman Sheila C. Bair Before the Consumer Federation of America FDIC / Sheila C. Bair

Bernanke Says U.S. Must Step Up Foreclosure Efforts Bloomberg / Scott Lanman

Housing, Mortgage Markets, and Foreclosures Federal Reserve Board / Ben S. Bernanke

Municipal Upgrades by S&P Show Inappropriate Scale Bloomberg / Darrell Preston and Christine Richard

Dodd: Not helping autos 'plays Russian roulette' with economy AP via USA Today

Oil tumbles below $44 a barrel AP via Globe and Mail / Edward McCallister

Treasurys gain as jobs outlook appears sour Marketwatch / Deborah Levine

Financial Darwinists Must Applaud Debt-Cost Jump Bloomberg / Mark Gilbert

Retail same-store sales fall, but Wal-Mart surprises Reuters / Brad Dorfman

It’s Time To End Monthly Employment Report Fraud NY Post / John Crudele

Jobless-Benefit Rolls in U.S. Climb to 26-Year High Bloomberg / Shobhana Chandra and Bob Willis

Jobless claims in surprise decline CNN / Lara Moscrip

‘Ponzi’ Scheme at Citi NY Post / Paul Tharp

Gold falls as rate cuts in Europe boost dollar Marketwatch / Moming Zhou

Oil May Fall Below $25 Next Year, Merrill Lynch Says Bloomberg / Grant Smith

Economic blues push crude into mid-$40s AP via Houston Chronicle

Citigroup Needs to Confess Its Writedowns Now Bloomberg / Jonathan Weil

Bank of England Cuts Interest Rates Washington Post / Howard Schneider

ECB cuts eurozone rates to 2.5% BBC News

ECB’s Trichet Says Euro-Region Economy Will Contract Bloomberg / Gabi Thesing

Shifting economy keeps states guessing / Stephen C. Fehr

Economic Weakness Pervasive, Fed Says Washington Post / Neil Irwin and Howard Schneider

Treasuries Rise as Asian Stocks Fall, Job Losses May Increase Bloomberg / Wes Goodman

A Rush Into Refinancing as Mortgage Rates Fall NY Times / Tara Siegel Bernard

PA: Retirement fund for state employees is having a dismal '08 Pittsburgh Post Gazette / Bill Toland

Congress set to save Christmas with auto deal Marketwatch / David Callaway

Nippon Oil, Nippon Mining unite to form global giant Marketwatch / Chris Oliver

Capital One To Buy Local Banking Icon Chevy Chase Washington Post / Zachary A. Goldfarb and Binyamin Appelbaum

Asian Stocks, U.S. Futures Decline on GM Bankruptcy Concern Bloomberg

UK: Where has the money gone? Independent / Sean Farrell

China’s Yuan Is ‘Spanner in Works’ at Paulson Talks Bloomberg

New Zealand Cuts Key Interest Rate by Record to 5% Bloomberg / Tracy Withers

Japan’s Capital Spending Falls the Most in Six Years Bloomberg / Jason Clenfield


S&P drops Motorola's debt rating to junk Chicago Tribune / James P. Miller

US Fiscal Deficits and the Dollar Morgan Stanley / Stephen Jen & Spyros Andreopoulos

Gold ends week down first time in five as dollar gains Marketwatch / Moming Zhou

Stocks rally despite jobs report CNN / Alexandra Twin

Treasury Yields Climb From Record Lows as U.S. Stocks Rebound Bloomberg / Dakin Campbell and Cordell Eddings

Collapsing oil prices bring back the unthinkable: Could gas fall below a $1 a gallon? AP via Orlando Sentinel / Mark Williams

Job picture could get even worse CNN / David Goldman

Cisco, Dell Sales at Risk as Slump Fuels Gray Market Bloomberg / Katie Hoffmann

A growing line of the jobless The Economist

November sales: Ho ho horrible AP via South Florida Sun Sentinel / Anne D'Innocenzio

The economy sent me to the basement CNN / Dave Schechter

Foreclosures, delinquencies hit record high Marketwatch / Amy Hoak

Late mortgage payments and foreclosures hit record Reuters / Lynn Adler

Friday’s Analysis / Marty Chenard

Jobs report sends oil under $42 CNN / Kenneth Musante

Canada loses most jobs in 26 years Globe and Mail / Heather Scoffield

Fed Takes a $3 Trillion Gamble to Spur Lending Bloomberg / John M. Berry

U.S. job losses worst since 1974 as recession bites Reuters / Alister Bull

U.S. Payrolls Decline by 533,000, Most Since 1974 Bloomberg / Bob Willis

Retailers Report a Crisis in All Aisles Washington Post / Ylan Q. Mui

Gold falls on dollar, set for first weekly loss in five Marketwatch / Moming Zhou

Oil plummets on dire US jobs figures AP via Houston Chronicle / George Jahn

Dallas area seeing projects left in limbo Dallas Morning News / Steve Brown

Home loan troubles break records again AP via Houston Chronicle / Alan Zibel

Why a Big Three rescue is so hard Christian Science Monitor

Auto Executives Face a Hard Sell on Capitol Hill NY Times / David M. Herszenhorn and Bill Vlasic

Retail Sales Are Weakest in 35 Years NY Times / Stephanie Rosenbloom

Treasury 10-Year Notes Fall; Chart Signals 7-Day Rally Overdone Bloomberg / Ron Harui

Japan Bond Risk Rises as BOJ Action Falls Short of Credit Needs Bloomberg / Theresa Barraclough and Oliver Biggadike

ECB rate cut sets tone for worldwide attempt to spark stalled economies London Times / Gary Duncan

UK: Rates cut again as recession deepens London Times / Gary Duncan, Philip Webster and Gráinne Gilmore


Ben Bernanke's Pretense of Knowledge Ludwig von Mises Institute / Doug French

UK: Premium bonds 'worthless' as savers see their chances of prizes fall drastically

Deflation virus is moving the policy test beyond the 1930s extremes Telegraph / Ambrose Evans-Pritchard

How the U.S. army is a haven during recession AP via Globe and Mail / John Milburn and Stephen Manning

Ballmer Wants Yahoo Search Engine Deal ‘Quickly,’ WSJ Says Bloomberg / Mina Kawai

Euro's lustre shines bright in hard times AP via Globe and Mail / Aoife White

Yen Rises to Five-Week High, Dollar Gains on Demand for Haven Bloomberg / Ye Xie and Michael J. Moore

Treasuries Gain a Fifth Week, Driving Yields to Record Lows Bloomberg / Daniel Kruger and Dakin Campbell

OPEC head: oil production likely to be cut soon Marketwatch / Rex Crum

Consumer borrowing unexpectedly declines AP via Baltimore Sun

India Cuts Interest Rates After Terrorist Attacks Bloomberg / Cherian Thomas and Anoop Agrawal

Lawmakers and White House agree on auto aid plan Reuters / Thomas Ferraro and John Crawley

Obama Provides Details of His Plan to Create 2.5 Million Jobs Bloomberg / Hans Nichols

U.S. Job Losses Signal Recession Will Be Long, Deep Bloomberg / Rich Miller and Bob Willis

Maybe It’s Time to Buy That First House NY Times / Ron Lieber

New Bank, No Baggage NY Post / Mark DeCambre

Harvard to Sell Bonds Bloomberg via NY Post

U.S. Stocks Fall on Signs Recession Is Worsening; GM Drops 22% Bloomberg / Whitney Kisling

IL: Laid-off Chicago workers take over factory, demand pay AP via Houston Chronicle

PA: State hiring workers to help the jobless Pittsburgh Tribune Review / Mike Wereschagin



Bernanke's bets get bigger to keep America moving Guardian – Observer / Heather Stewart

SEC Approves Central Disclosure Database for Municipal Bonds Bloomberg / Jesse Westbrook

UBS could cut up to 4,500 more jobs: report Reuters

Highly traded ETFs and ETNs slip on oil Marketwatch / John Spence

Judging the companies you keep Marketwatch / Chuck Jaffe

Fears of a million layoffs a month in corporate America Guardian – Observer / Heather Stewart and Ruth Sunderland

The best way to pay for the holidays is with cold, hard cash Allentown Morning Call / Gregory Karp

FL: Shoppers take advantage of bargains at consignment, thrift stores South Florida Sun Sentinel / Jennifer Heit

IL: Longtime builder unable to weather U.S. housing market collapse Chicago Tribune / Mary Ellen Podmolik

Best Buy Cuts Inventory to Cope With Fewer Shoppers, NYT Says Bloomberg / Dan Hart

Bleak prospect for Detroit Three despite bail-out Guardian – Observer / James Duncan

Car dealers hit hard by Detroit's uncertainty Reuters / Soyoung Kim and Poornima Gupta

Obama Warns Economy Will Worsen, Vows ‘Substantial’ Stimulus Bloomberg / Edwin Chen

I don't want to alarm you, but I think it's time to use the 'D' word Guardian – Observer / William Keegan

Sales, Producer Prices Probably Dropped: U.S. Economy Preview Bloomberg / Timothy R. Homan

Economic tailspin weighs heavily on retirement dreams Pittsburgh Tribune Review / Thomas Olson

Maybe It's Better to Wait Washington Post / Nancy Trejos

Maybe It’s Time To Buy Washington Post / Allan Sloan

The Dollar Powers Through the Turmoil Wall Street Journal / Joanna Slater

With Out-of-Pocket Medical Expenses Rising, It Might Be Time for Insurance Change Chicago Tribune / Nancy Trejos

Market Woes Hit Newer ETFs Wall Street Journal / Eleanor Laise

UK: Whatever the nostalgic glow of the '50s golden age, we are better off out of it Independent / Hamish McRae


If the Fed Wants to Stimulate Bank Lending, Keep Its Target at 1.00% Northern Trust via Safehaven / Paul Kasriel

The State of State Muni's QVM via Safehaven / Richard Shaw

The economy isn't at Great Depression levels Augusta Chronicle / Mark A. Thompson

Long-term CDs better for short run Allentown Morning Call / Bruce Williams

Doll: stocks have broken downtrend Reuters / Jennifer Ablan and Kristina Cooke

GM Rises 21% as Analysts Say Bailout May Be Approved Bloomberg / Greg Bensinger

The Strong Get Stronger In Recession Forbes / Ed Sperling

Cheapest Stocks Since 1995 Show Cash Exceeds Market Bloomberg / Michael Tsang and Alexis Xydias

Happy Day On Wall Street Forbes / Steve Schaefer

Paul Volcker is back, and he warns of tough times ahead LA Times via Newsday / Ralph Vartabedian

Contrarians concerned about amount of gold bullishness Marketwatch / Mark Hulbert

Oil steady near $44 as investors eye OPEC cuts AP via Washington Post / alex Kennedy

Gas price hits lowest since February 2004 Reuters via USA Today

FL: Locals pour more and more of their income into mortgages Palm Beach Post / Andrew Abramson and Christine Stapleton

TREASURIES-Prices fall as stock gains damp safety bid Reuters

Restoring Financial Intermediation by Banks: The Role of Regulators Federal Reserve Board / Donald L. Kohn

Assessing the Potential for Instability in Financial Markets Federal Reserve Board / Randall S. Kroszner

Some Principles to Consider in Future Regulatory Reform Federal Reserve Bank of Boston / Eric S. Rosengren

Dollar Continued Ascent in November Federal Reserve Bank of Atlanta

Fed's Kohn - banks pulling back from credit Reuters

CA: State public worker pension fund takes big hit San Francisco Chronicle / Carolyn Said

The $7 trillion question Fortune via CNN / Colin Barr

More Americans worried about jobs Reuters / Brad Dorfman

Tribune files for Chapter 11 bankruptcy Reuters

Mortgage delinquencies rise for seventh straight quarter CNN / Larissa Padden

Mortarly wounded The Economist

Hold the plastic, the layaway is back Sacramento Bee / Darrell Smith

U.S. Stocks Rise as Obama Pledges Spending; Alcoa, GM Climb Bloomberg / Whitney Kisling

Dow Chemical to cut 5,000 jobs CNN / Julianne Pepitone

Birinyi Says Investors Should Lose ‘Bunker Mentality’ Bloomberg / Betty Liu and Eric Martin

Economy is now about psychology Miami Herald / Lisa Gibbs

Consumers go back to the stacks LA Times via Denver Post / Alana Semuels


Dollar Devaluation To Fix The Great Recession Forbes / Frank Beck

Democrats, White House Agree on $15 Billion Auto Plan Bloomberg / Holly Rosenkrantz and John Hughes

"Market bottom by year-end" Marketwatch / Mark Hulbert

Deflation can be a scary proposition Dallas Morning News / Jim Landers

Officially Screwed by the Real Inflation Rate Daily Reckoning via Safehaven / The Mogambo Guru

Treasury Bills Trade at Negative Rates as Haven Demand Surges Bloomberg / Daniel Kruger and Cordell Eddings

Demand for safety sends 3-month Treasury rates below zero Reuters / Ellen Freilich

Jobless claims likely surged last week: Gallup Reuters

Deal could give U.S. stake in GM, Chrysler Detroit Free Press / Justin Hyde and Todd Spangler

Better Off Without Yahoo! Forbes / Brian Caulfield

Government predicts 2009 gasoline prices to average about $2 AP via Houston Chronicle / David Ivanovich

Oil prices fall below $43 CNN / Kenneth Musante

Illinois Governor Charged With Trying to Sell Obama Senate Seat Bloomberg / Thom Weidlich

Fed Opposes Auto Aid Without Congressional Action Bloomberg / Scott Lanman

Another 14,000 job cuts CNN / Aaron Smith

Tight Credit Squeezing Small Businesses Washington Post / Sharon McLoone

Instead Of Spending, Cut Taxes Forbes / Brian S. Wesbury and Robert Stein

Geithner Needs ‘Exit Strategy,’ Pimco’s El-Erian Says Bloomberg / Thomas R. Keene and Caroline Salas

A deal for Detroit? The Economist

Raines Faults Regulators for Fannie, Freddie Missteps Bloomberg / Dawn Kopecki

Pending Sales of Existing Homes in U.S. Fell 0.7% Bloomberg / Shobhana Chandra

Tribune Co.'s crisis has been years in making Chicago Tribune / David Greising

Unemployment cash shortage AP via CNN

FBI Arrests Illinois Governor Rod Blagojevich Washington Post / Carrie Johnson and Peter Slevin

Harvard Faculty Will Freeze Pay to Help Slash Budget Bloomberg / Julie Ziegler

Firms paying bribes in foreign countries The Economist

Bank of Canada Cuts Lending Rate to Lowest Since 1958 Bloomberg / Greg Quinn

Now It’s Jobs Lew Rockwell / Llewellyn H. Rockwell, Jr.

Treasury 10-Year Notes Rise as Asian Stock Markets Pare Gains Bloomberg / Bob Chen

Internal Warnings Sounded on Loans At Fannie, Freddie Washington Post / Zachary A. Goldfarb

Foreclosure Epidemic Infecting Rental Market Washington Post / Nick Miroff

Uninsured Put a Strain on Hospitals NY Times / Reed Abelson

Uptick Rule Revival May Fail to Lift Stocks, Curb Volatility Bloomberg / Edgar Ortega and Jesse Westbrook

Sony cutting 8,000 jobs amid global downturn AP via St. Petersburg Times

The dangers of Obama's public-works juggernaut Christian Science Monitor / Peter Navarro

Was the New Deal too small? Christian Science Monitor / Alexandra Marks

Dollar rises vs euro, eyes on U.S. auto rescue Reuters via Guardian / Kaori Kaneko

Euro's 10th anniversary looms, but too early to gloat Marketwatch / William L. Watts

Japan sinks deeper into recession BBC News

China’s Exports Shrink, Output Cools, Adviser Says Bloomberg / Li Yanping and Kevin Hamlin

Japan’s Economy Shrinks 1.8%, More Than Expected Bloomberg / Jason Clenfield



The Credit Rating on a Benevolent Counterfeiters Debt - Infinity A? Northern Trust via Safehaven / Paul Kasriel

Zero Return on a T-Bill? Give Us a Break / Dan Burrows

Blagojevich case is part of feds’ focus on graft Christian Science Monitor / Peter Grier

The Real Cost of the 2008 Recession Casey Research via Safehaven / Olivier Garret

Colorado couple tries to go a year without buying anything new Christian Science Monitor / Jillian Lloyd

Business Outlook Survey: Rock Bottom / Kate O'Sullivan

Baby boomers face three new risks in coming decades, but there are answers Marketwatch / Robert Powell

Regulator sees mortgage rates below 4 percent AP via MSNBC

Toyota to cut global sales target AP via Philadelphia Inquirer

U.S. deficit climbs to $402 billion CNN / Jeanne Sahadi

California budget woes worsens Reuters

L@@K! Irate voters make a point by putting Illinois Senate seat up for

bid on eBay AP via Newsday

The Chicago way The Economist

China: Falling Apart The Economist

U.S. Wholesale Inventories Drop Most in 7 Years Bloomberg / Timothy R. Homan

US 30-year bond sells off more than one point Reuters

GMAC's bonds fall after exchange offer fizzles Reuters

8 really, really scary predictions Fortune via CNN

U.S. mortgage applications fell in week –MBA Reuters

Wednesday’s Analysis / Marty Chenard

Chrysler's Hidden Coffers Forbes / Dan Gerstein

Office Depot to close 126 stores Reuters

Money-Market Fund Yields May Fall to Less Than Zero, Crane Says Bloomberg / Christopher Condon

Worst Spending Slump Since 1942 Extends ‘Scary’ U.S. Recession Bloomberg / Shobhana Chandra and Andy Burt

Treasuries Decline as Debt Sales Increase, Asian Stocks Advance Bloomberg / Bob Chen

Investors Buy U.S. Debt at Zero Yield NY Times / Vikas Bajaj and Michael M. Grynbaum

Bernanke’s GM Rejection Aimed at Re-Establishing Rescue Limits Bloomberg / Scott Lanman

The Tribune Company's bankruptcy may signal a trend toward a new kind of newspaper journalism Christian Science Monitor / Mark Trumbull

The Newspaper Bubble, Too, Has Burst NY Times / Richard Perez-Pena

Tentative deal reached in auto bailout talks Reuters / John Crawley and Thomas Ferraro

Union Official Allegedly Liaison Between Governor, Obama Team Washington Post / Alec MacGillis

What's next for Wall Street? Marketwatch / Todd Harrison

Credit Unions to Get Federal Assistance Washington Post / Binyamin Appelbaum

California running out of money Christian Science Monitor / Ben Arnoldy

Oil Rises on Potential OPEC Cut, Traders' Contract Buybacks Bloomberg

Yen Falls as Democrats, White House Agree on Automaker Bailout Bloomberg / Stanley White

Dire Forecast for Global Economy and Trade NY Times / Mark Landler

Global trade routes point towards depression London Times / Ian King

The boom years are over for Chinese exports as slowdown bites in workshop of the world London Times / Jane Macartney and Gary Duncan

Russians trudge ahead as economy tanks once again Christian Science Monitor / Fred Weir

UK: 0% interest rate on the horizon as economy shrinks twice as fast London Times / Gary Duncan and Philip Webster

China's wholesale inflation falls to 2% in November Marketwatch / Chris Oliver

Japan Machine Orders Fall 4.4% as Recession Deepens Bloomberg / Jason Clenfield


Central Banks Can Do Better Than Just Mopping Up Bloomberg / Caroline Baum

A Deeper Slump Triggers Aggressive Policy Responses Morgan Stanley / Richard Berner and David Greenlaw

Risks to the Global Outlook: The Good, the Bad and the Ugly Morgan Stanley / Richard Berner and Joachim Fels

The hedge-fund industry imprisons its clients and weakens its appeal The Economist

Senate Rejects Auto Industry Bailout After Talks Fail Bloomberg / Nicholas Johnston and John Hughes

Financing Development: The Role of Information Costs Federal Reserve Bank of Richmond / Jeremy Greenwood, Juan M. Sanchez, Cheng Wang

Study Finds White-Collar Unemployment Spreading NY Times / Patrick McGeehan

SC: Local job fair reflects economic woes The State / Jeff Wilkinson

Household Net Worth in U.S. Declines Most on Record Bloomberg /

Americans to Spend Less on Holiday Gifts Due to Economy Worries Bloomberg / Matthew Benjamin

Crude futures end up 10% as dollar sinks Marketwatch / Polya Lesova

Bank of America to cut up to 35,000 jobs Reuters / Jonathan Stempel and Dan Wilchins

U.S. stocks fall amid auto bailout uncertainty Marketwatch / Nick Godt

UK pound falls to new record low against euro AP via Miami Herald

Treasury Bubble Talk Grows as U.S. Gets Free Money Bloomberg / Michael J. Moore

Which big organisations and companies are accountable The Economist

Thursday’s Analysis / Marty Chenard

U.S. Stocks Gyrate as Energy Rally Offsets More Jobless Claims Bloomberg

U.S. Economy: Trade Gap Widens, Jobless Claims Hit 26-Year High Bloomberg / Bob Willis and Timothy R. Homan

Why are these GOP senators unhappy with auto aid? Detroit Free Press / Justin Hyde and Todd Spangler

TREASURIES-Up on unexpectedly big US jobless claims jump Reuters

Recession to worsen, deflation a risk: report Reuters / Jim Christie

Jobless claims at 26-year high CNN / Catherine Clifford

Foreclosure Storm Will Hit U.S. in 2009 as Loan Changes Fail Bloomberg / Dan Levy

Foreclosures dip - but hold the applause CNN / Les Christie

House passes Detroit bailout CNN / Chris Isidore

House passes auto bailout, Senate prospects grim Reuters / John Crawley and Thomas Ferraro

Oil futures up 5%, extending rally Marketwatch / Polya Lesova

Costco profit rises slightly Reuters via Washington Post / Nicole Maestri

Regulation Could Be Recession's Silver Lining Washington Post / Michelle Singletary

Bleak forecast for California's economy San Francisco Chronicle / Tom Abate

Russians Buy Jewelry, Hoard Dollars as Ruble Plunges Bloomberg / Emma O’Brien and William Mauldin

Swiss Central Bank Cuts Rate to 0.5%, Recession Looms Bloomberg / Joshua Gallu and Simone Meier

A tattered safety net for US unemployed Christian Science Monitor / Dan Murphy

Once-mighty hedge funds get dose of humility St. Petersburg Times / Robert Trigaux

Russia Volunteers to Join an OPEC Cut in Oil Output NY Times / Andrew E. Kramer

Deflation Says Buy Bonds; Supply Flood Says Sell Bloomberg / Mark Gilbert

Hedge Funds Shrink by $64 Billion in November, Eurekahedge Says Bloomberg / Tomoko Yamazaki

Australia Jobless Rate Rises as Employers Cut Workers Bloomberg / Jacob Greber


Bonds Are Back Forbes / Richard Lehmann

December layoffs exceed 100k CNN / Jessica Dickler

U.S. appetite for imports is growing South Florida Sun Sentinel / Jerry W. Jackson

New Bubble, Same Old Frauds Forbes / Liz Moyer

South To Detroit: Drop Dead Forbes / Steve Kichen and Jon Bruner

Fed Refuses to Disclose Recipients of $2 Trillion Bloomberg

Treasury bonds have reached bubble stage Dallas Morning News / Will Deener

30-Year Mortgage Rate Hits Its Lowest Level in 4 Years Washington Post / Dina ElBoghdady

MI: The consumer dream gears down Globe and Mail / Jennifer Wells

Money managers brace for unorthodox Fed Reuters / Kristina Cooke and Ros Krasny

Potential GM bankruptcy catastrophic for U.S. economy Reuters / Lucia Mutikani

How Unions Stop The Cars Forbes / Shikha Dalmia

U.S. Stocks Advance as Technology Shares Rise; GM, Energy Fall Bloomberg / Whitney Kisling

Friday’s Analysis / Marty Chenard

Kohl's, Forever 21 to take over 46 Mervyns stores LA Times / Andrea Chang

Rocky Session Ends With Narrow Gains Forbes / Steve Schaefer

Why Sheila Bair wants to bail out consumers Fortune via CNN / Sheila Bair

Treasurys gain on failed auto bailout, weak data Marketwatch / Deborah Levine

Stocks slump after auto rescue hits wall in Senate Marketwatch / Kate Gibson

Retail sales drop for fifth straight month Reuters / Glenn Somerville and Lucia Mutikani

U.S. Producer Prices Fall 2.2%, More Than Forecast Bloomberg / Shobhana Chandra

Near the end of the road The Economist

Congress Fails Detroit Forbes / Brian Wingfield and Joann Muller

WTO to admit failure to secure Doha deal this year AP via Miami Herald / Bradley S. Klapper

Housing: the key to economic revival? Christian Science Monitor / Mark Trumbull

Bubbling bonds? Marketwatch / Mark Hulbert

Treasuries Rally as Automaker Rescue Rejected in Senate Vote Bloomberg / David Yong

For the first time on record, Americans owe less, but net worth is down, too AP via Pittsburgh Post Gazette / Martin Crutsinger

Retail Sales in U.S. Probably Fell for Fifth Month in November Bloomberg / Timothy R. Homan

Just One Real Leader, and We Could Have Avoided This Mess Washington Post / Steven Pearlstein

Game over for KB Toys Boston Herald / Donna Goodison

Oil Demand Down; 1st Time Since ’83 NY Times / Jad Mouawad

No Question We’re in a Financial Pickle. What Do We Call It? NY Times / Brian Stelter

Prominent Trader Accused of Defrauding Clients NY Times / Diana B. Henriques and Zachery Kouwe

Asian Stocks Decline, Paring Best Week in 10 Years; China Drops Bloomberg / Chen Shiyin and Ian C. Sayson



IRS Revises Its Mileage Rates Wall Street Journal / Tom Herman

Wall Street focus: Autos and the Fed CNN / Alexandra Twin

Spending rises at big stores AP via South Florida Sun Sentinel / Martin Crutsinger

President Bush's weekly radio address Marketwatch

President-elect Barack Obama's radio address Marketwatch

Treasury bailout targeted for Big 3 CNN / Chris Isidore

Dollar Slumps Versus Yen as Automakers Raise Recession Concern Bloomberg / Jamie McGee and Michael J. Moore

CO: Salvation Army may cut services as donations in Denver drop AP via Rocky Mountain News

A Possible Drag on Bank Lending NY Times / Bob Tedeschi

Gold price hits record high for British investors Telegraph / Paul Farrow

With credit strains over, munis expected to stabilize Marketwatch / Deborah Levine

Gates Warns Enemies of U.S. Not to ‘Test’ Obama Administration Bloomberg / Camilla Hall

U.S. Stocks Rise as Commodities Post Record Surge; Exxon Gains Bloomberg / Lynn Thomasson

Consumer spending in a tailspin AP via Indianapolis Star

Asian Stocks Gain This Week on Stimulus Plans; Cnooc Climbs Bloomberg / Chua Kong Ho


Fed to press rates toward zero Reuters / Alister Bull

Small banks frustrated at lack of bailout money AP via MSNBC

Top economists talk unconventional Fed policy Reuters via Washington Post

Smart TIPS for Bond Buyers Wall Street Journal

How to unload your home through a short sale LA Times / Lew Sichelman

CO: 'Flipping' houses take a new turn Denver Post / Margaret Jackson

Prices May Have Tumbled as Economy Sank: U.S. Economy Preview Bloomberg / Bob Willis

Grocery store carts are thinning as prices rise Charlotte Observer / Sue Stock

It's OK to be a tightwad for the holidays LA Times / Eileen Ambrose

Out of work, food -- and water AP via Modesto Bee / Tracie Cone

GM, Chrysler Bankruptcies Would Hit Confidence, Deepen Slump Bloomberg / Michael McKee

Rise & fall of Target Minneapolis Star Tribune / Jackie Crosby

Thinking Like a Bull in a Bear Market Wall Street Journal / Tom Lauricella

Uh-oh: Gas prices on the rise CNN

New credit card rules are coming Marketwatch via Charlotte Observer

IL:The cost of corruption Chicago Tribune / Mike Hughlett and Wailin Wong

So the pound is just falling to 'fair value'. What if it can't stop? Independent /

Russia Won’t Let Ruble Float Free, Deputy Central Banker Says Bloomberg / Greg Walters

UK: Wrong time to reach for the euro lifeline London Times / David Smith

UK: If the US car industry can't get off the road to hell, we'll be driving there too Independent / Hamish McRae

UK: Cooper Says U.K. Government Doesn’t Target Pound Rate Bloomberg / Craig Stirling

Measuring the Shock Waves in Bond Funds NY Times / Jeff Sommer

Summers returns center-stage Washington Times / Jon Ward

Before the Fear, There Was Foolishness NY Times / Ben Stein

The Man Who Is Unwinding Lehman Brothers NY Times / Jonathan D. Glater

Pound's fall blamed on a surge in short-selling Guardian – Observer / Richard Wachman


Just when Wall Street needs it least, Bernie Madoff's pyramid scheme takes financial fraud to new lows The Economist

After rate cuts: The Fed's new ball game CNN / David Goldman

US rate cut towards zero expected The Economist

Fed ready to slash rates amid deepening recession AP via Houston Chronicle

Fed’s Words May Speak Louder Than Actions Now Bloomberg / John M. Berry

Coming to the end of the line on rate cuts Marketwatch / Greg Robb

Radical US Federal Reserve action expected with rate cut London Times / Gary Duncan

Nearly Half of U.S. Households Owns Equities, Bonds SIFMA

Poll: Americans grow gloomier about U.S. economy USA Today / John Waggoner

Three budget figures tell which companies likely to do best Marketwatch / Irwin Kellner

Stocks end lower amid worry about Madoff losses AP via LA Times

Oil steady at $44 ahead of OPEC meeting AP via Houston Chronicle / Alex Kennedy

Gas prices edge up after months of plunging USA Today / Paul Davidson

More hedge funds may fail amid bets on Madoff Reuters / Svea Herbst-Bayliss

2 Lumps Of Coal NY Post / Mark DeCambre

Factory Breakdown Only Getting Worse; Housing No Better Investors Business Daily / David Hogberg

Madoff case seen fueling attacks on the SEC Reuters / John Poirier

The Obama Boomtowns Forbes / Joshua Zumbrun

Caroline Kennedy Wants Senate Seat, Official Says Bloomberg / Henry Goldman and Christopher Stern

IL: State to proceed with bond offering delayed by scandal Chicago Tribune / James P. Miller

States worry about slumping retail sales revenues Reuters / Jim Christie

Where people are most, and least, promiscuous The Economist

Treasury Curve Flattens as Fed Expected to Drive Rates Lower Bloomberg / Dakin Campbell and Lukanyo Mnyanda

Treasury Benefits From ‘Paranoia’ as Rates Decline Bloomberg

Foreign Demand for U.S. Long-Term Assets Weakens Bloomberg / John Brimsley

Evidence that the Fed Caused the Housing Boom Ludwig von Mises Institute / Robert P. Murphy

Fed may cut key interest to all-time low AP via Houston Chronicle

Factories and industry show more weakness Reuters / Burton Frierson

U.S. Industrial Output Fell in November, Led by Autos Bloomberg / Courtney Schlisserman

Fannie to help renters stay in foreclosed homes AP via Houston Chronicle

Oil over $50 ahead of Opec summit BBC News

Monday’s Analysis / Marty Chenard

U.S. Stocks Drop as Reports Show Worsening Manufacturing Slump Bloomberg / Whitney Kisling

Three days that shook the world Fortune via CNN / William D. Cohan

Madoff Said to Use Unregistered Side-Unit for Clients Bloomberg

Loonie gains almost 2 cents Globe and Mail / Virginia Galt

Dollar falls sharply on technical selling Marketwatch / Polya Lesova and William L. Watts

Pound continues fall against euro BBC News

BOJ May Trim Rates Further, Former Deputy Governor Muto Says Bloomberg / Mayumi Otsuma and Mariko Yasu