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U.S. Stocks Slide to Five-Year Lows as Banks, Carmakers Tumble (Bloomberg)

U.S. Stocks Slide on Concern Recession Is Deepening; GM Tumbles (Bloomberg)

U.S. Stocks Slide on Concern Recession Is Deepening; GM Tumbles (Bloomberg)

The Bailout Economy: A House Built on Sand (Acton Commentary)

Motor City: From Motown to no-hope town (Independent)

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U.S. Stocks Slide to Five-Year Lows as Banks, Carmakers Tumble (Bloomberg)

Nov. 19 (Bloomberg) -- U.S. stocks sank and benchmark indexes slid to their lowest levels since 2003 on growing concern over the health of the financial system and survival of the nation's car industry.

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U.S. Stocks Slide on Concern Recession Is Deepening; GM Tumbles (Bloomberg)

Nov. 19 (Bloomberg) -- U.S. stocks sank and benchmark indexes slid below their lowest closes since 2003 on growing concern over the fate of the nation's car industry and economic data signaling the recession is deepening.

Read more...


U.S. Stocks Slide on Concern Recession Is Deepening; GM Tumbles (Bloomberg)

Nov. 19 (Bloomberg) -- U.S. stocks fell and the Standard & Poor's 500 Index slid below its lowest close since 2003 on growing concern over the fate of the nation's car industry and economic data signaling the recession is deepening.

Read more...


The Bailout Economy: A House Built on Sand (Acton Commentary)

In a very familiar parable, Jesus tells the story of two home builders. One built a house on sand, the other on rock. The house on the rock withstood the weather.

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Motor City: From Motown to no-hope town (Independent)

It is the same odd realisation that overwhelms you at the great ruins of Central America or ancient Europe, the pyramids of Teotihuacan in Mexico or the labyrinthine streets of Ephesus in Turkey – the sense that a bustling civilisation, a hive of industry, need not even be destroyed to fall into ruin. It can just be abandoned.

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