Surviving the Financial Crisis

Despite the apparent bounce back of the Dow Jones industrial average which recently reached 10,000 points for the first time in a year, many individuals are still feeling the effects of the economic downturn. Foreclosures in the United States were up 5% from summer to fall with 938,000 foreclosures from July to September alone. The [...]

Dow Jones Sees 53 Percent Gain This Year

The Dow Jones Industrial Average closed at 10015.86 today, reaching 10,000 for the first time since October of 2008. The boost was thanks to a better-than-expected profit from bank JP Morgan Chase. That marks a 53 percent gain in only seven months, Wall Street Journal.
Confusion has erupted over whether an agreement has been reached in [...]

Obama to Call for Regulation on 1st Anniversary of Collapse of Lehman Bros.

One year after the collapse Lehman Brothers, the tipping point that led to the collapse of the financial market, U.S. President Barack Obama will address the world’s economic situation today. He is expected to call for more regulation, BBC News. Aftershock: complete coverage of the financial collapse, BBC News.
German Chancellor Angela Merkel debated Vice Chancellor [...]

Ford Sales Up From Last Year; GM Down

Ford Motor Co. reports that their sales in August increased 17 percent over their sales in August of last year. Honda, Toyota, and Hyundai also posted increases, but General Motors saw a 19.9 percent decline, Washington Post.
Mexico has evacuated thousands of people from Los Cabos ahead of Hurricane Jimena reaching land. The hurricane has weakened [...]

U.N. General Says Darfur War Is Over

A California woman who was kidnapped in 1991 when she was 11 has been found alive. Jaycee Lee Dugard was abducted 18 years ago at a bus stop, and police say she lived with her abductors, Phillip and Nancy Garrido, this whole time. Phillip Garrido is a convicted sex offender and was imprisoned for rape. [...]

Violence and Election Controversy in Afghanistan

According to current election returns, current President Hamid Karzai and main opponent Abdullah Abdullah are about even in the Afghan presidential race. Only 10 percent of votes are in, and there are already 50 complaints of election fraud, but many believe a runoff election will be needed, AP.
More than 4o people have been killed in [...]

U.S. Prosecutor to Invstigate CIA Detainee Abuse

Four people are being sought in the murder of a Texas doctor. Dr. Jorge Mario Gonzalez, 56, was shot and killed when he arrived home to find his home being burglarized. His wife and young son were with him, but hid in a closet and were not harmed. Authorities say they do not know if [...]

Japan Out of Recession With Second Quarter Growth

The tropical storm Claudette is expected to hit the Florida panhandle tonight. Thre are some flood warnings issued for counties along the coast of the Gulf of Mexico. There is also the possibility of tornadoes in northern Florida, CNN.
Japan has officially exited the recession after reporting second quarter growth. The economy grew .9% from April [...]