Monthly Archives: November 2008

by Robert Kiyosaki, Author of ‘Why the Rich Get Richer’ and ‘Rich Dad, Poor Dad’ Posted on Monday, November 24, 2008, 12:00AM How did we get into the current financial mess? Great question. Turmoil in the Making In 1910, seven … Continue reading →

Central bank and Treasury announce a massive plan to jumpstart lending. By Chris Isidore, CNNMoney.com senior writer Last Updated: November 25, 2008: 12:23 PM ET NEW YORK (CNNMoney.com) — The Federal Reserve and Treasury Department on Tuesday unveiled hundreds of billions … Continue reading →

By ERIC DASH Published: November 24, 2008 One bailout was not enough for Citigroup. And it may not be enough for other big banks. While Citigroup’s second multibillion-dollar rescue from Washington hit Wall Street like a shot of adrenaline on … Continue reading →

By Eric Martin Nov. 20 (Bloomberg) — U.S. stocks slid and the Standard & Poor’s 500 Index plunged to its lowest level in 11 years after economic reports depicted a deepening recession and lawmakers postponed a vote on a plan … Continue reading →

By Nicholas Larkin and Pham-Duy Nguyen Nov. 19 (Bloomberg) — Gold demand rose 18 percent in the third quarter as lower prices encouraged purchases by jewelers and as investors sought a haven from the credit crisis, the World Gold Council … Continue reading →

Nov. 14 (Bloomberg) — Gold rose the most in eight weeks on speculation that central banks will add more liquidity to unfreeze credit markets, spurring inflation and boosting the appeal of the precious metal. Silver and platinum also gained. Federal … Continue reading →

By Bill Mann and Tim Hanson November 12, 2008 Brazil’s President Lula told his country in September, “People ask me about the [financial] crisis, and I answer, go ask Bush. It is his crisis, not mine.” Fifty days later, British … Continue reading →

By Bob Willis and Timothy R. Homan Nov. 13 (Bloomberg) — The global economic slowdown is deepening, according to reports today that showed the number of Americans collecting jobless benefits jumped to a 25-year high and U.S. exports plunged. The … Continue reading →

By John Brinsley Nov. 13 (Bloomberg) — The U.S. budget deficit last month exceeded the shortfall for President George W. Bush’s first full year in office, spurred by purchases of stakes in a group of the nation’s largest banks. The … Continue reading →