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The Road to Financial Ruin: We Have to Spend Money NowWednesday, November 19, 2008 @ 9:43AMWhen just about all economists agree, should we rejoice or be scared? During the Weimar Republic, economists at the Reichsbank argued that printing money to finance a war was "exogenous" to the economy and thus not inflationary. Hyperinflation in the ensuing years proved them wrong.

Ford Posts Loss of $129 Million For Third QuarterWednesday, November 19, 2008 @ 9:26AMFord has announced smaller losses for the third quarter of this year.  Detroit Public Radio’s Jerome Vaughn has more. SOQ Ford posted a loss of 129 million dollars for the July to September period.  That compares to a loss of 380 million dollars in the third quarter of 2007.  CEO Allan Mulally says the factors leading to the loss – were very clear.  “The turbulence in the worldwide economy ...

GM Posts $2.5 Billion Third Quarter LossWednesday, November 19, 2008 @ 9:26AMGeneral Motors is reporting significant losses for the third quarter.  Detroit Public Radio’s Jerome Vaughn has details. SOQ  General Motors says it lost two-point-five billion dollars – including special charges -- between the beginning of July and the end of September.  The Detroit automaker says its earnings were hurt by dramatically lower consumer spending…and the tightening of credit ...

California Congressman Challenges Dingell ChairmanshipWednesday, November 19, 2008 @ 9:25AMOnly days after Democrats pledged to work for unity…a fight is brewing among House leaders on Capitol Hill over who will chair the influential Energy and Commerce Committee.   Detroit Public Radio’s Quinn Klinefelter has more…    For about three decades Michigan Democrat John Dingell has chaired Energy and Commerce…a committee that routinely deals with issues ranging from health care to fuel ...

Banking and FinancialWednesday, November 19, 2008 @ 9:15AMThis is the Third Quarter 2008 Edition of our email news service – The Turkish Update. This edition provides concise summaries of sector-specific legal developments in Turkey through July, August and September 2008 and includes brief articles on "Hot Topics" in Turkish law for the future.