Chinese Premier Wen Jiabao says the effects of the economic crisis on China have been worse than expected.

Official German figures show Europe's biggest economy is in recession, raising fears for the rest of the continent.

Analysts expect to see smaller growth levels next year than previously anticipated, though some sectors may fare better than others.

Technorati Tags: advertising, Economy, Online, Tech

at 4:00 (Eastern as it is on Ohio) to secure your place in the live stream. The debate will start at approximately 4:30 and should end by 5:30.

If not CSPAN is recording the event to be viewed this weekend, get all the info you need before you vote.

Technorati Tags: Debate, Economy, Third Party

How GE Capital puts all of GE at risk - Oct. 10, 2008.

I find it almost unthinkable that General Electric would be in trouble.  But then, I never thought I would ever see the day when General Motors would be in trouble either.

Remarkable.  The market is in the weirdest crash I think anyone has ever seem, buyers are on strike, and without a reason to buy in, even the giants are in trouble.

I think, at this point, stock ideas for me would be KO, and MCD.  I don’t think I’d go anywhere beyond that.

Technorati Tags: Coca Cola, Economy, General Electric, General Motors, McDonalds, Stocks

Bush, speaking right now about the “economic rescue package”, “Right now, is not the time to raise packages”.

Yes, but when everything is on all cylinders, you say the exact same thing. So, when IS the time to raise taxes?

Not that I’m for taxes, mind you. I could deal with a universe in which taxes don’t exist. I’m just saying that the language and the application of same is used on both sides. It implies that there IS a time. I’m just wondering exactly that is.

Technorati Tags: Bush, Economy, Taxes

UK shares fall sharply, with the FTSE 100 down 5% as investor concern grows for the health of European banks.

Technorati Tags: Banks, Economy, England, Europe, News

Japan downturn stirs fears of new wave of suicides

Technorati Tags: Economy, Japan, News, Suicides

I’m reading USNews this morning, and I can’t help but notice the words of an email in James Pethokoukis’ column:

I am a lifelong ( 51 years old) “rock-ribbed” conservative…. What an eye opener this week has been! I now realize what a blowhard Newt truly is by advocating the GOP bail on the Paulson Plan. As a professional money manager I can tell you I am shocked, dismayed and depressed that the Speaker would excoriate the GOP to abandon this plan which is URGENT and necessary to avoid a financial catastrophe that once commenced may be irreversible.

Welcome to the party, Jack. Truth his everybody. Hope you don’t work for Wachovia…

Technorati Tags: Bailout, Economy, James Pethokoukis, Wall Street

I’m struck by the thought that Chris Dodd would have made a better Majority leader than Harry Reid. Harry at his most exorcised looks only slightly like he’s half in a coma, and my GOD he’s a bore.

Memo to Harry: Have Dodd take over the reins on this vis a vis the pressers.

And on a related note…Teddy, I think it’s time for the Lion to make an appearance.

Technorati Tags: Chris Dodd, crisis, Economy, Harry Reid, senate