– Jim Rogers: ‘UK has nothing to sell’ (Financial Times):
“The City of London is finished, the financial centre of the world is moving east.”
– Jim Rogers: Obama administration run by people who caused the latest financial problems (BBC News)
– The Obama Stimulus Plan Won’t Work (Lew Rockwell)
– SERIOUSLY ALARMED (Telegraph):
(Even Mr. Ambrose Evans-Pritchard is now alarmed!)
– King paves way to start Bank print presses (Times Online)
– Sterling hits 23-year low against dollar (Financial Times)
– Geithner pledges ‘dramatic’ action (Financial Times)
– Portugal says S&P downgrade due to global crisis (Reuters)
– Singapore Economy May Post Biggest Decline on Record (Bloomberg)
– Emerging markets face $180 bn investment decline (Business Standard)
– French government to pump €6bn into ailing car industry (Guardian)
– Japan’s ‘Severe’ Recession May Last Three Years, Yoshikawa Says (Bloomberg)
– BHP Billiton to cut 6000 jobs and close mine (Times Online)
– Eaton to Cut 5200 Jobs in a 2nd Wave of Reductions (Bloomberg)
– Record redundancies push unemployment to 1.92 million (Times Online)
– Ecuador to Cut $1.5 Billion in Imports to Defend Use of Dollar (Bloomberg)
– Ex-Scots bankers could face Holyrood inquiry (Times Online)
– Ireland’s Banks Sink With Decline of ‘Celtic Tiger’ (Bloomberg)
– Patrick Rocca, ‘poster boy’ of Ireland’s Celtic Tiger, kills himself (Times Online)
– Bankers accused in crisis could face trials in US (Guardian)
– Hedge Fund Run by Ex-Car Salesman Is Scam, SEC Says (Bloomberg)
– Federal Home Loan Banks may have to borrow from US (Los Angeles Times)
– Merrill Clients Pulled $10 Billion in Fourth Quarter (Bloomberg)
– Standard Life investors demand compensation after ‘cash’ fund invests in toxic debt (Telegraph)
– Toyota Tops GM in Global Car Sales in 2008 (Washington Post)
– Citigroup Makes Stock Incentive Awards to Executives (Bloomberg)