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Shock and Awe: Bank of England announces a massive, new round of quantitative easing

With the euro zone and the U.S. economies seizing up Britain's central bank pours more money on the economic crisis.


British Understatement?

"This is the most serious financial crisis at least since the 1930s, if not ever."

So spoke Sir Mervyn King, governor of the Bank of England yesterday. You don't get to be head of Britain's central bank by indulging in hyperbole.


Biden explains Occupy Wall Street movement

Economy and foxy knoxy fight for public's attention

From the serious to the realllllly serious news of the day
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Amanda Knox is escorted to her appeal hearing at Perugia's Court of Appeal on October 3, 2011 in Perugia, Italy. (Oli Scarff/AFP/Getty Images)
Britain's Chancellor of the Exchequer runs a new policy up the flagpole but most eyes in Britain, as in Italy, the United States and the globalized world of gawking are on a courtroom in Perugia to see if Amanda Knox aka Foxy Knoxy, wins her appeal

U.S. personal income drops

Friendly’s reportedly near bankruptcy

China's aid to Europe: view from Beijing

BEIJING — Call it good timing for China. With several fragile European economies looking for cash, Beijing is once again in a position of power, angling to use cash as a political lever.

U.S. economy adds no new jobs in August, report shows

In addition to the unexpectedly weak August jobs numbers, the figures for the previous two months have been revised down to show weaker jobs growth.

NYSE, Nasdaq expected open Monday despite Hurricane Irene hitting New York

The final decision will depend on whether New York's subway system is operating, the extent of flooding in Lower Manhattan, which includes Wall Street, and power outages.

Warren Buffett's call for tax on wealthy ignites debate

“It’s the most disturbing argument that a guy like Buffett can make," the president of an influential antitax group said.
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