PoliticsBush to Keep Pressing Iran, North Korea on Nuclear Programs – BloombergArgentina agricultural-export tax clears a hurdle – MarketWatchAmerican Energy Policy, Asleep at the Spigot – New York Times
EconomyWhat Safety Net? The Precarious Financial Lives of American Families – NY TimesRecession threat as UK jobs vanish – TelegraphUK plc faces bear market as [...]

BankingThe Credit Crisis Is Going to Get Worse – WSJEuropean Banks May Need EU90 Billion, Goldman Says – BloombergUniCredit May Eliminate 2,500 Jobs at HVB, Euro am Sonntag Says – BloombergPost Wants EU10 Billion for Postbank, WirtschaftsWoche Says – BloombergTPG’s coldly calculated Bradford & Bingley move raises questions – TelegraphLogic [...]

Soros: Oil Is a Bubble, But Crash Not Imminent
Tuesday, June 03, 2008 7:50 AM

Oil is a “bubble in the making”, but the crash is “not imminent”.
That’s what George Soros will say when he testifies at a hearing in front of U.S. Senators today at 10 AM regarding energy market manipulation.

Toll Brothers (TOL): Another Lousy [...]

Has Oil Production Reached a ‘De Facto’ Peak?
Monday, June 02, 2008 5:10 PM

Jim Kingsdale submits:
Someone please call the English Department to come save the world’s oil analysts. Words are failing them.
On one side of the net are analysts looking at graphs of oil production and saying something along the lines of Boone Pickins’ recent [...]

This is a Spanish-language only News Round-Up on the economic situation in Spain from El Pais.
Zapatero pisa el acelerador por la crisis

¿Crisis? ¿Qué crisis? “Escenario de dificultad”, “periodo de ajuste fuerte” o “desaceleración profunda de la economía”. Éstos son algunos de los términos que empleó ayer el presidente del Gobierno, José Luis Rodríguez Zapatero, para [...]

Double, double, oil and trouble
Thursday, May 29, 2008 9:41 AM
Is it ‘peak oil’ or a speculative bubble? Neither, really. AFTER oil hit its recent record of $135 a barrel, consumers and politicians started to lash out in every direction. Fishermen in France have been blockading ports and pouring oil on the roads in protest. British [...]

Updated throughout the day
MarketsTop UBS banker detained in US – The Guardian (05/07/2008)Bernanke Wants Fed to Pay Interest on Bank Reserves – Bloomberg (05/07/2008)
USU.S. Economy: Worker Productivity Increases More Than Forecast – Bloomberg (05/07/2008)Tesoro posts a loss on plunging refining margins – MarketWatch (05/07/2008)Vallejo, California, Officials Vote for Bankruptcy – Bloomberg (05/07/2008)Pending Sales of Existing [...]

Updated throughout the day
MarketsMajor Asset Class 1,3,5,10 and 15 Year Returns – Safe Haven (05/06/2008)Why We Must Fix It – John Mauldin, Safe Haven (05/06/2008)Goldman’s Murti Says Oil `Likely’ to Reach $150-$200 – Bloomberg (05/06/2008)Company Bond Risk Rises as Mortgage Defaults, Bankruptcies Soar – Bloomberg (05/06/2008)BlackRock to buy UBS debt – FT($) (05/06/2008)Financial [...]

Updated continuously throughout the day
Markets
Why we can’t cruise past a recession – Bill Fleckenstein: MSN Money (05/05/2008) Buffett Says Bond Insurers Don’t Deserve AAA Rating – Bloomberg (05/04/2008)Downgrades Show Storm Isn’t Over – WSJ ($)(05/03/2008)
Credit [...]

MarketsBuffett says risk of financial meltdown has declined (MarketWatch, 5/3/2008)Warren Buffett: big is bad for banks (Times Online, 5/4/2008)US-Bankchef: Krise nicht ausgestanden (Die Welt, 5/4/2008)
IrelandMortgage lending growth hits 16-year low (Independent Ireland, 5/1/2008)Prices drop in business sector for first time in five years (Independent Ireland, 5/1/2008)
SpainHomes razed by Spain stun foreigners as slump deepens (Independent [...]