Dow Jones – The Crash of 2008
The Crash of 2008 crushes stocks in a wild last hour of trading. The Dow’s loss tops 7%; the S&P 500 drops 7.6%. Investors flee markets, skeptical that fixes to the credit crisis will work. General Motors shares collapse on fears it won’t survive. A...Dion’s Support Grows; May Deny Harper a Majority
In September, Canadian Prime Minister Stephen Harper said Canada would NOT fall into recession, but on October 6th, the TSE fell more than 1000 points and the Bank of Nova Scotia predicted “something worse than a recession” in 2009. Polls now show...Foreclosures and the Credit Crunch in America: Did God Want You to Get That Mortgage?
By David Van Biema Has the so-called Prosperity gospel turned its followers into some of the most willing participants — and hence, victims — of the current financial crisis? That’s what a scholar of the fast-growing brand of Pentecostal Christianity believes....Lehman Files for Biggest Bankruptcy in American History, rumors of warnings with AIG and Citibank and the coming market meltdown
Sept. 15 (Bloomberg) — Lehman Brothers Holdings Inc., the fourth-largest U.S. investment bank, succumbed to the subprime mortgage crisis it helped create in the biggest bankruptcy filing in history. The 158-year-old firm, which survived railroad bankruptcies of...
Toronto Mayor Olivia Chow said she’s “speechless” about the continued delayed of the Eglinton Crosstown, saying she’s no more knowledgeable on the project than residents and business owners who’ve been waiting years for it to wrap up.
“I don’t know what to say anymore, it’s leaving me speechless,” said Chow.