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Global gamble: the fightback begins...

The world's central banks and governments appear to be running out of ammo in the face of a financial crisis that has been intensifying by the hour.

Short-sellers turn on pubs and retailers

Short-sellers barred from betting against financial services companies have instead stepped up their targeting of the UK's biggest pub companies and retailers as they try to cash in on the deteriorating consumer outlook.

Fear on streets of Reykjavik as country can only go to IMF for financial bailout

Iceland may be the target of British opprobrium right now, but on the streets of Reykjavik, citizens are more concerned about their own increasingly dire situation. The collapse of the country's banking system and, along with it, the economy, is steadily affecting ever more of the 320,000 people who live on the North Atlantic island.

British banks forced into line over Treasury plan to boost reserves

Britain's banks remained divided almost to the last yesterday on plans for a massive government recapitalisation of the industry but were eventually forced to accept that the initiative was inevitable. The boost to shore up confidence in the sector is set to be announced today. The move could be combined with new measures from the Bank of England to increase liquidity and get banks lending again.

Credit crisis diary: Leaving the White House in the red

President George Bush is on course for a notable – or should that be notorious?– achievement. Barring a dramatic stock market recovery over the next couple of months, he is set to become the first two-term US president since Woodrow Wilson almost 90 years ago to leave office with the Dow Jones index standing at a lower level than when he was sworn in – 11 per cent lower than in January 2001.

Market Report: RBS and HBOS slump on fresh bank fears

So, after the latest Monday meltdown, much of the market picked itself up, but the banks did not escape another hammering. After news that some of the UK's biggest banks had asked for a £15bn handout, the rumour mill started flowing. The one that had trad-ers jawing in the morning was talk of HSBC being lined up to take over... Royal Bank of Scotland.

Wall Street and the New Startup Economy
Why venture-backed tech hopefuls may be a haven amid the financial storm.
Rescue package fails to kick-start the markets

The largest financial rescue package in history has so far failed to rally stock market investors or unlock frozen money markets despite receiving a cautious welcome from many economists and bankers.

Show Me the Money! Getting Funds to Start Your Business
They say it takes money to make money. But when you're young and trying to start a business, where do you turn for that all-important start-up capital?
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September 19, 2008 ( www.MichiganPR.net )

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E*HealthLine has announced the introduction of E* Prescribe© - A Low Cost Revolutionary Prescription Writer System implemented for only $10.00 per provider per month. The program has been designed to address the ever-challenging cost of today's healthcare management.



GM to cut production in Europe by 40,000 vehicles as sales slide

General Motors is cutting vehicle production in Europe and extending temporary shut-downs at its plant in Luton, in the UK, as it grapples with sliding car sales.

The Investment Column: Steer clear of Kesa as long as downturn lasts

Kesa

History lessons: Galbraith's 'The Great Crash 1929' is still essential reading today

The late John Kenneth Galbraith attributed the longevity of his book The Great Crash 1929 – published in 1955 and never since out of print – to the tendency of history to threaten a repeat."Each time it has been about to pass from bookstores," he wrote in a later foreword,"another speculative episode – another bubble or the ensuing misfortune – has stirred interest in the history of this, the great modern case of boom and collapse, which led on to an unforgiving depression."

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