recession depression

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4 Financial Doomsday Scenarios
 4 Financial Doomsday Scenarios 
ANALYSIS
Dec 17, 2008 11:20 AM CST

4 Financial Doomsday Scenarios

(Newser) - James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.
  • Terrorism: Al-Qaeda has long sought to disrupt the US 
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Pets Are Losing Homes, Too
 Pets Are Losing Homes, Too 
Dec 16, 2008 2:29 PM CST

Pets Are Losing Homes, Too

Recession sparks rise in animal abandonment

(Newser) - Animal shelters are being filled with pets abandoned because of the recession and home foreclosures. In Massachusetts, a rescue league has seen a 45% jump in owners citing money or housing problems when they surrender a cat or dog. Others are just leaving their pets on the streets or in...

Jittery About Loss, Investors Stuff Cash In 0% T-Bills

Willing to take nothing for their money

(Newser) - The results of yesterday’s short-term bond auction were staggering. Investors snapped up $30 billion worth of Treasuries at a 0% yield—essentially lending the government money for free, the New York Times reports. Earlier, some investors even accepted a negative yield to park their cash in three-month Treasury bills....

Merrill Boss Seeks $10M Bonus

Directors unlikely to comply given public sentiment

(Newser) - Merrill Lynch narrowly escaped extinction this fall, and CEO John Thain is seeking an end-of-year bonus of as much as $10 million for keeping the company alive, reports the Wall Street Journal. Merrill's board of directors—acutely aware of public scrutiny—appear unlikely to fork over that kind of package...

It's Bad: NYC Cabbie With MBA Posts Résumé in Taxi

La Salle grad drives taxi while awaiting dream job

(Newser) - A recent MBA grad who can’t find a job does have a captive audience: his taxi passengers. After four months of job hunting, James Williamson got his taxi license and posted his résumé in his New York City cab. There aren’t any offers yet, but the 25-year-old...

Bird Shelters Overrun as Foreclosures Take Toll

Exotic animals not always welcome, and require special care

(Newser) - The US foreclosure epidemic, hard on all kinds of pets, appears particularly devastating for exotic birds, Reuters reports. People forced to vacate their homes are finding that cockatiels, macaws, and the like won’t fly at their new digs. Shelters for cats and dogs aren’t equipped to handle the...

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