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Latest News

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  • British economic collapse rivals Great Depression (Edmund Conway)

    British economic collapse rivals Great Depression (Edmund Conway)

    July 24, 2009 (Telegraph) -- Economic output shrank by 5.6pc in the 12 months to the middle of the year, according to official figures which shattered hopes that the recovery has already begun. The O ...

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  • Confidence Among U.S. Consumers Fell More Than Forecast in July (Shobhana Chandra)

    July 28 (Bloomberg) -- Confidence among U.S. consumers fell more than forecast in July, reinforcing concern that mounting joblessness will hurt households. The Conference Board’s confidence index drop ...

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  • U.S. Home Prices Rise for First Time in Three Years (Courtney Schlisserman)

    U.S. Home Prices Rise for First Time in Three Years (Courtney Schlisserman)

    July 28 (Bloomberg) -- Home prices posted their first monthly gain in three years in May, a gauge of values in 20 major U.S. cities showed, reinforcing signs of stabilization in a market hammered by ...

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  • New Info: Goldman Really Was In Trouble (Matt Taibbi)

    Joe Hagan’s new piece in New York magazine brings out a lot of excellent new information, but the most interesting from my point of view is his insight about the period after the AIG bailout and befo ...

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  • U.S. New-Home Sales Climb 11%, Most in Eight Years (Courtney Schlisserman)

    July 27 (Bloomberg) -- Purchases of new homes in the U.S. climbed 11 percent in June, the biggest gain in eight years, underscoring evidence that the deepest housing slump since the Great Depression i ...

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  • Surging Profit Estimates Signal 26% Rally for S&P 500 (Lynn Thomasson and Michael Tsang)

    July 27 (Bloomberg) -- Analysts are raising U.S. profit estimates for the first time since credit markets froze two years ago, reducing valuations even after the steepest rally since the Great Depres ...

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  • ADVISORY: World News Trust Launches New Site

    ADVISORY: World News Trust Launches New Site

    July 26, 2009 (World News Trust) -- Those of you who faithfully follow the award-winning news blog World News Trust will notice this morning that it looks different! We've been working behind the scen ...

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  • World News Trust Wins P! Blogoswamp Award!

    World News Trust Wins P! Blogoswamp Award!

    July 25, 2009 (World News Trust) -- World News Trust is the proud recipient of the ddjango.blogspot.com P! Blogoswamp Award for "Best Alternative News And Commentary." The Blogoswamps were awarded De ...

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  • U.S. Stocks Rally, Dow Tops 9,000 for First Time Since January (Matt Townsend)

    July 23 (Bloomberg) -- U.S. stocks rose, sending the Dow Jones Industrial Average above 9,000 for the first time since January, as EBay Inc., Ford Motor Co. and AT&T Inc. posted better-than-estimated ...

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  • The NSA Is still Listening to You (James Bamford)

    Bush went away, but domestic surveillance overreach didn't. It's now the law, and the ACLU is fighting back

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  • Tamil Death Doll 'Is 1,400 A Week' At Manik Farm Camp In Sri Lanka (Rhys Blakely)

    Tamil Death Doll 'Is 1,400 A Week' At Manik Farm Camp In Sri Lanka (Rhys Blakely)

    July 10, 2009 -- Mumbai (The Times) -- About 1,400 people are dying every week at the giant Manik Farm internment camp set up in Sri Lanka to detain Tamil refugees from the nation’s bloody civil war, ...

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