Law:
Brutal Week May Not Be the End of Law Firm Layoffs
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The coming law firm hiring crisis
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K&L Gates Battens Down the Hatches: Salary Freezes, Delayed Start Dates (But good news: no layoffs. For now.)
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DLA Piper U.S. in Positive Territory for 2008
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Lawyers Stunned By Lack of Jobs
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Linklaters associates to discover details of layoffs
(DBN Subscription Required)
Mercedes panel review forces firms to explain bills
(DBN Subscription Required)
Blank Rome to Counsel Midway Games, Charter To File Soon
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Layoff Watch: Stealth Layoffs at Kelley Drye?
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What Did I Do Wrong?
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Mayer Brown names insolvency head
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The Coming Law Firm Hiring Crisis
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Will Laid-Off Lawyers Abandon Their Manicures?
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Ex-Heller and Cooley Godward Associate Braces for Tough Market
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Associate Leaves Am Law for Beer Pong
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Times Have Changed, ABA President Says
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ABA Pushes for 1,000-Lawyer Legal Corps
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Atlas Is Shrugging: Lawyers Dropping Like Flies
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Dealing With the Downturn: Simpson Thacher's Public Service Program
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In-house Shuffle at Wal-Mart
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Foley Hoag Forms a 'Stimulus Plan' Practice Group
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Hammonds Scores Victory in Partnership Dispute
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State's top law firms report growth amid recession
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No Recession Here
(DBN Subscription Required)
Large Texas Firms Made Fewer Lateral Hires in 2008
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Federal Judge Rules Against Lawyer Who Alleged Congress Restricted His Fees
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Lawyers Face High Learning Curve During Real Estate Crisis
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DOJ Prosecutors Held in Contempt in Stevens Case
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Three Offices of Attorney Declared 'Vexatious Litigant' Shut Down
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Dreier Released From Jail, Begins Home Detention
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Disbarred Lawyer, Former Miss. Auditor Get 2 Years in Scruggs-Related Case
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Are law firms are missing a trick by not giving women an equal footing?
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ABA House OKs Lateral Lawyer Ethics Rule Change
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Valentine's Day for Lawyers
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Kirkland & Ellis: 15 Married Couples and Counting
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76% of Young Lawyers Glad They’re Attorneys, Study Finds
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Tanking Economy Begins to Affect E-Discovery Firms
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Law Professors Begin Feeling Economic Pinch
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Free PACER Sites Shut Down After Mass Download by Open Records Advocate
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Judges:
Roberts Sets Off Debate on Judicial Experience
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Plaintiffs Question Judge's Son's Law Firm Link in Medtronic Case
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New Massachusetts Bankruptcy Judge Begins Work
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Judge Kaye Joins Corporate Firm
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Economy & Politics Threaten State Courts, ABA House Told
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What’s on the Federal Judiciary’s Wish List for the New President and Congress?
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2 Pa. Judges, 2 Lawyers and Others Sued in $2.6M Jail-for-Pay Case
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Justice Ginsburg Released from Hospital; Spleen Was Removed
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Wall Street:
US stock futures signal drop
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Stocks Slide in Europe and Asia
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World markets fall as Japan's recession deepens
(DBN Subscription Required)
Stocks in Europe, Asia, Brazil Retreat
(DBN Subscription Required)
Cash concerns rippling lakes of even bluest of blue chips
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US Stocks Drop Most in Three Months Last Week on Bank-Rescue Skepticism
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Wall Street? New MBAs say they can't get there from here
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Fear Rises Again for U.S. Investors
(WSJ: separate paid subscription required)
Q4 corporate earnings set to be worst in a decade
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Radio:
Sirius XM Creditors Would Seek to Oust Karmazin in Bankruptcy
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Sirius XM: What Price Bankruptcy?
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Sirius: Firing The CEO Does Nothing
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Karmazin's Miscalculation
(WSJ: separate paid subscription required)
Liberty to the rescue?
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Sirius could file bankruptcy as early as Tuesday
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Ergen Could Be Serious About Sirius
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Personal Bankruptcy:
New faces seen in bankruptcy court
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Municipalities:
CA On The Brink
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California Struggles to Close a Projected $41 Billion Deficit
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Cal Budget Deal: Final Death Blow for Middle Class
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States Recruit Worried Californians
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Kansas suspending Income Tax Refunds
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Obama Gains Backing of G.O.P. Governors
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Bankruptcy looming for US States?
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1900% Beer Tax Hike Proposed in Oregon
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Paterson's P--- Tax Sparks Criticism, Hilarity
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Staffers Get Secret Raises Amid 'Freeze'
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States and Cities Angle for Stimulus Cash
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In Economic Vise, Pontiac Struggles
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Tale of two cities in battle for jobs
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Liquidation:
Bankruptcy protection is expected to prove lethal for more companies than usual in this downturn
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Layoffs:
Nearly 800 jobs axed at Delphi's steering division
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Delphi Steering in Buena Vista Township cuts 1 in 5 workers
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BMW to shed 850 jobs
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US Steel Shuts 2 Plants, Lays Off More Than 1,200
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Smithfield Foods to Cut 1,800 Jobs, Close 6 Plants
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GKN announces hundreds of job cuts
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Global companies reduce headcount
(DBN Subscription Required)
Record high mass layoffs
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There's a Better Way to Lay Off Employees
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Here, Over There, Job Cuts Everywhere
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It Isn't Always a Job Behind a Posting
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Idled employees see workers comp as income spinner
(DBN Subscription Required)
______________
Fraud:
Madoff Trustee Picard Subpoenas Jefferies in Liquidation Case
(DBN Subscription Required)
Madoff Watch
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Santander May Sweeten Madoff Compensation Deal
(DBN Subscription Required)
Madoff Key Aide Bongiorno Recruited Her Neighbors as Investors
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ERISA Class Action Filed Against Fund That Invested With Madoff
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Tax Troubles for Madoff Investors
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Ponzi suspect Piccoli had earlier run-in
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Satyam Begins to Weigh Offers
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Bankruptcy Statistics:
Conn. bankruptcy filings up 66 percent
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Bankruptcy Litigation:
4th Circuit Overrules Judge Small And Holds That Ordinary Commodity Supply Contracts Fall Within BAPCPA's "Swap Agreement" Amendments
(DBN Subscription Required)
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Theme Parks:
Potential buyers plan Hard Rock Park overhaul
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Health Care:
Hospital sued over $1.5 million debt
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Orchards Village files bankruptcy
(DBN Subscription Required)
Credit crisis could crunch men's testosterone
(DBN Subscription Required)
COBRA subsidy survives political wrangling, remains in stimulus package
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Workers for defunct hospital stiffed on final pay?
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Not-for-profit hospital CEOs average $490,431 per year
(DBN Subscription Required)
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Media:
Young Broadcasting Files Chapter 11
(DBN Subscription Required)
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Aviation:
A Smile at the End of Every Flight
(DBN Subscription Required)
Airline Files for Bankruptcy
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That Perk in the Sky Has Defenders on Land
(DBN Subscription Required)
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Environmental:
TCEQ says money to clear Asarco smelter site secured
(DBN Subscription Required)
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Personal Finance:
Tough Times Call for New Ideas
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Economic Crisis, Unemployment Take Emotional Toll
(DBN Subscription Required)
8 Lessons From the Meltdown
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Education:
Bankruptcies throw state's school laptop program into disarray
(DBN Subscription Required)
For Education Chief, Stimulus Means Power and Risk
(DBN Subscription Required)
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Celebs:
Michael Jackson Auction Update: Need Some Scissorhands or a Peter Pan Golf Cart?
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Ex-Rezko partner bankrupt
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Michael Phelps Won’t Be Prosecuted After Bong Photo
(DBN Subscription Required)
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Mining:
Asarco, Sterlite deal close to being done
(DBN Subscription Required)
______________
Asset Management:
Assets evaporate at Legg Mason’s high net worth division
(DBN Subscription Required)
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Cosmetics:
L’Oreal Earnings Growth Slows, Profitability Erodes
(DBN Subscription Required)
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Economy:
Steinbrueck Says US Stimulus Plan May Recreate Global Bubble
(DBN Subscription Required)
Inflation falls less than expected in January
(DBN Subscription Required)
Data Hints at Slowing of Decline
(DBN Subscription Required)
Don't Believe the Stimulus Scaremongers
(DBN Subscription Required)
What's The Rush? Stimulus On Hold For Obama's Weekend Off?
(DBN Subscription Required)
Can the financial industry rise to the opportunity?
(DBN Subscription Required)
Home and car buyers get tax breaks in stimulus package
(DBN Subscription Required)
Car crisis clouds Obama's new deal
(DBN Subscription Required)
More Billions for GM, Chrysler? Auto Beggars to DC
(DBN Subscription Required)
Economists’ Forecast: Chance of Change 100%
(DBN Subscription Required)
Stimulus Bill Bites Losing Companies
(DBN Subscription Required)
One Bank policymaker may have wanted bigger Feb cut
(DBN Subscription Required)
Federal obligations exceed world GDP
(DBN Subscription Required)
Arts Ban in Stimulus Is Stupid Economics
(DBN Subscription Required)
Who Trusts Washington?
(DBN Subscription Required)
Clinton calls for coordinated economic response
(DBN Subscription Required)
Treasury Pads Coffers in Bailout
(DBN Subscription Required)
Plan Tries Slow Stimulus to Revive Spending
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Committee on Doubt and Uncertainty
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If You Have Money, Spend Some Now
(DBN Subscription Required)
Barter Fits Bill for Strapped Firms
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Household Income and Debt Trends since 1980: quick picks
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______________
Real Estate:
Obama Plan on Housing Said to Push on Lenders
(DBN Subscription Required)
Tougher supervision needed for mortgage lenders: Fed's Duke
(DBN Subscription Required)
Carrots, sticks and money for homeowners
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How Stimulus Package Would Help Homeowners
(DBN Subscription Required)
How business unraveled for Hertel & Sons
(DBN Subscription Required)
Workout time in Tennessee?
(DBN Subscription Required)
Banif Inmobiliario Fund Faces EU2.62 Billion in Redemptions
(DBN Subscription Required)
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Banking:
Anxiety high as US bank rescue plan in limbo
(DBN Subscription Required)
CEO at bailed-out PNC gets $3 million bonus
(DBN Subscription Required)
TARP recipients Citi, Morgan Stanley to pay $3 billion to keep rainmakers
(DBN Subscription Required)
Administration pushing ahead with bank rescue
(DBN Subscription Required)
Potential buyers seek only Citi's good parts
(DBN Subscription Required)
Stanford Depositors Seek Redemptions
(DBN Subscription Required)
Regulators to Banks: We Want You To Lend, But...
(DBN Subscription Required)
Miami banker gives $60 million of his own to employees
(DBN Subscription Required)
Should US take over weak banks?
(DBN Subscription Required)
Wells Fargo sees pain for small banks
(DBN Subscription Required)
Wells takes fair-value hit on mysterious 'credit events'
(DBN Subscription Required)
Citigroup’s Banamex Profit Falls 28% on Loan Reserves
(DBN Subscription Required)
Four US Banks Seized, Bringing Total for Year to 13
(DBN Subscription Required)
Could little-known banking law fix this mess?
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Bank Failures Accelerate: Where Will It Lead?
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Bank Stocks Pace Losses in Europe
(DBN Subscription Required)
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Autos:
Rep Levin:Obama Administration Asked GM To 'Address' Bankruptcy Option
(DBN Subscription Required)
Auto panel to exert broad clout
(DBN Subscription Required)
Auto firms oversight also requires insight
(DBN Subscription Required)
Obama faces tough choices on auto industry
(DBN Subscription Required)
Auto Maker Bankruptcy Looms
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General Motors' High-Wire Bankruptcy Act
(DBN Subscription Required)
New model to emerge if GM goes the bankruptcy route
(DBN Subscription Required)
G.M. Presses Union for Cuts in Health Care
(DBN Subscription Required)
Dead End in Detroit for White-Collar Workers
(DBN Subscription Required)
Report: GM to say, 'more aid or bankruptcy '
(DBN Subscription Required)
Would a G.M. Bankruptcy Save Taxpayer Money?
(DBN Subscription Required)
Auto bailout D-Day
(DBN Subscription Required)
GM, Chrysler To Submit Viability Plans Electronically
(DBN Subscription Required)
General Motors, Chrysler getting $7B Tuesday
(DBN Subscription Required)
GM, Chrysler Push for More US Aid After Legacy of Mistakes
(DBN Subscription Required)
Automakers Push to Wrap Up Restructuring Plans
(DBN Subscription Required)
GM talks progress as board reviews plan
(DBN Subscription Required)
GM, UAW talks progress, race toward deadline
(DBN Subscription Required)
All options on the table for GM; automaker to resume UAW talks
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A Likely Auto Adviser Is Strong in Union Ways
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A Road Map for Obama's Auto Task Force
(DBN Subscription Required)
US Auto-Parts Suppliers Seek $18.5 Billion in Aid
(DBN Subscription Required)
4 questions for GM and Chrysler
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GM bankruptcy would have ripple effect
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The ever-shifting auto landscape
(DBN Subscription Required)
GM and Chrysler to speed up restructuring
(DBN Subscription Required)
A few things for Obama's auto task force
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Chrysler, GM plans due Tuesday
(DBN Subscription Required)
Obama Rejects ‘Car Czar’; Geithner, Summers Head Team
(DBN Subscription Required)
Detroit looks to revive used-car market
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What defines the American car
(DBN Subscription Required)
B of A, Citi Put GM, Ford On Distressed Trading Docs
(DBN Subscription Required)
Bill Heard Employees Sue Alleging WARN Act Violations
(DBN Subscription Required)
Delphi retirees prepare to fight request to cut health benefits
(DBN Subscription Required)
Prebul’s assets temporarily frozen
(DBN Subscription Required)
Lutz's exit shuts door on car history
(DBN Subscription Required)
Luxury-Car Makers Face Steep Declines
(WSJ: separate paid subscription required)
Daimler Slumps to Loss, Says Worse to Come as Recession Deepens
(DBN Subscription Required)
Tiny Chinese auto co to bid for GM’s beastly Hummer
(DBN Subscription Required)
GM Europe: Further restructuring measures needed
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Daimler, Continental Face Losses in German Auto Slump
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Daimler Cut to ‘Sell’ From ‘Neutral’ at UBS on Truck Demand
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Daimler Planning EU1.6 Billion in Cost Cuts
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Spain unveils €4bn aid for motor industry
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Germany, Four States Consider Buying Stake in GM’s Opel Unit
(DBN Subscription Required)
Maker of Iconic British Car Cuts Production and Jobs
(DBN Subscription Required)
Nissan to Close Plants, Cut Wages 20% for 5 Days
(DBN Subscription Required)
Toyota's U.S. workers avoid layoff threat for now
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Russia auto output down 80 pct in January
(DBN Subscription Required)
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Oil/Gas:
Crude Oil Trades Below $37 on Slowing Global Demand for Fuel
(DBN Subscription Required)
Cheap gas is history, again
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Pump Prices Rise While Crude Costs Crash
(DBN Subscription Required)
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Chemicals:
S&P cuts LyondellBasell Industries AF SCA rating to 'D'
(DBN Subscription Required)
LyondellBasell misses Europe interest payment
(DBN Subscription Required)
Lyondell aims for bankruptcy exit by year-end
(DBN Subscription Required)
Downturn fears hit European chemicals makers
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Packaging:
County Attorney Investigates Smurfit Stone Bankruptcy
(DBN Subscription Required)
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Religion:
Priest Sex Abuse Files Released
(DBN Subscription Required)
Islamic Bankruptcy?
(DBN Subscription Required)
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Shipping:
Two more Asian liners cease operations
(DBN Subscription Required)
NYK affiliate hit by Samsun bankruptcy
(DBN Subscription Required)
Baltic Dry Index Has Third Straight Drop on Iron-Ore Haulers
(DBN Subscription Required)
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Retailing:
Wal-Mart quarterly profit falls
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Wal-Mart profit beats Wall Street view
(DBN Subscription Required)
When retailers go bust, buyers must beware
(DBN Subscription Required)
What to do with troubled Lincoln Mall?
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Circuit City demise goes beyond vacancies
(DBN Subscription Required)
Circuit City name might survive
(DBN Subscription Required)
Boscov's estate seeks plan approval
(DBN Subscription Required)
Laura Ashley warns to miss FY profit expectations
(DBN Subscription Required)
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Travel:
Tough times for destination clubs
(DBN Subscription Required)
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Conventions:
As the Recession Waxes, Business Meetings Wane
(DBN Subscription Required)
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Festivals:
Festivals Put on Hold Amid the Downturn
(DBN Subscription Required)
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Executive Compensation:
Congress Set to Curb Exec Pay
(DBN Subscription Required)
White House Wants to Revise Compensation Part of Stimulus
(DBN Subscription Required)
New Pay Limits May Hurt Donations
(DBN Subscription Required)
Mandelson Says Countries Mustn’t Rush to Curb Bonuses
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Details of stimulus bill's compensation caps
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Stimulus bill would eighty-six Obama's salary cap for execs
(DBN Subscription Required)
Down and out in NYC on $500,000 a year
(DBN Subscription Required)
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Corporate Reform:
SEC Should Adopt CIA Methods, Lawyers Say
(DBN Subscription Required)
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Hotels:
InterContinental Hotels gloomy on year ahead
(DBN Subscription Required)
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Insurance:
Corporate Defaults, Bankruptcies and D&O Claims
(DBN Subscription Required)
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Sports:
UFC’s Owners In Bankruptcy; White In Jeopardy?
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Bonds:
What Sells in a Recession: Junk
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Bond Advice Leaves Pain in Its Wake
(DBN Subscription Required)
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New Bankruptcy Opinions
(No new opinions today)
Bankruptcy Court Web/Pacer Site Directory
Chapter 7, 12 & 13 Private Trustee Locator (DBN Subscription Required)
Recent Ch. 11 Filings (DBN Subscription Required)
Weird News
Bankruptcy Jobs:
(1)-
(2)-
(3)-
(4)-
(5)-
(6)-
(7)-
(8)-
(9)-
(10)
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Food/Drink:
Peanut Company Files for Bankruptcy Protection
(DBN Subscription Required)
Former Manager Says Peanut Plant Complaints Ignored
(DBN Subscription Required)
Secrets Behind Peanut Corporation of America
(DBN Subscription Required)
Nation's peanut growers reeling from outbreak
(DBN Subscription Required)
Merisant wins final DIP, cash use
(DBN Subscription Required)
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Bankruptcy Reform:
Congress likely to favor debtors in Chapter 11 rewrite, says analyst
(DBN Subscription Required)
Bankruptcy Mortgage Bill to be part of Obama's Housing Plan?
(DBN Subscription Required)
Why Are the Mortgage Industry's Objections to the "Helping Families Save Their Homes in Bankruptcy Act of 2009" Wrong?
(DBN Subscription Required)
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Gambling:
Station Casinos Facing Lawsuit
(DBN Subscription Required)
Showdown looms between Trump and casino bondholders
(DBN Subscription Required)
Trump Company "Worthless"
(DBN Subscription Required)
Trump Entertainment, Affiliates File for Bankruptcy
(DBN Subscription Required)
Tapped Out in AC
(DBN Subscription Required)
Trump resigns from troubled casino business' board
(DBN Subscription Required)
Resorts Atlantic City Casino Faces Foreclosure
(DBN Subscription Required)
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Newspapers:
Newspapers can survive, but they can't do it alone
(DBN Subscription Required)
This Just in: The Market Is Still Dead
(DBN Subscription Required)
More 'Chicago Trib' Cuts As Jerusalem, Rome Bureaus Closed
(DBN Subscription Required)
More Cuts Coming, 'Chicago Tribune' CEO Says
(DBN Subscription Required)
'Baltimore Sun' Closes Suburban Offices, More Cuts Coming
(DBN Subscription Required)
S&P Predicts McClatchy Loan Default by Year's End
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A Reporter Faces the Naked Truth
(DBN Subscription Required)
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Hedge Funds:
Brokerages Tighten Hedge Fund Financing
(WSJ: separate paid subscription required)
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Tax:
Tax Relief For Investment, Restructuring, Refinancing And Other Business Activity
(DBN Subscription Required)
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Games:
Midway's creditors looking for answers
(DBN Subscription Required)
Bondholders Cry Foul Over Mystery Midway Investor
(DBN Subscription Required)
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Telecoms:
Nortel to present new business plan in few wks
(DBN Subscription Required)
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Alternative Energy:
Alternative Energy Still Facing Headwinds
(DBN Subscription Required)
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Payment Systems:
Cyphermint Saga Continues In Court
(DBN Subscription Required)
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Exemptions:
Pre-Bankruptcy Planning: Court Allows Large Cash Investment in Homestead Same Month Bankruptcy Filed
(DBN Subscription Required)
8th Circuit Bankruptcy Appellate Panel Upholds Pre-Bankruptcy Planning Decision
(DBN Subscription Required)
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Rating Agencies:
Disillusioned advisers eye smaller ratings firms
(DBN Subscription Required)
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Credit Reporting:
Credit-Score Pitfalls of the Wealthy
(DBN Subscription Required)
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Resorts:
Three Bears Resort to Re-Open May 1
(DBN Subscription Required)
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Tech:
Recession Starts to Worry Silicon Valley
(DBN Subscription Required)
Employment Falls in Silicon Valley
(WSJ: separate paid subscription required)
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DIP Finance:
Bayside's Kosch on DIP priming fights
(DBN Subscription Required)
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Finance:
Fitch Sees Challenges to Global ABCP Market
(DBN Subscription Required)
In hunt for cash, companies suddenly mothers of invention
(DBN Subscription Required)
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Steel:
Will Russian Kremlin bailout Oregon steel plant?
(DBN Subscription Required)
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Research:
Free Online Bankruptcy Research Tool Now Updated
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Luggage:
Innovation hopes to pack DIP
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Credit Cards:
Stimulants and credit cards
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Credit Cards in the 2007 Survey of Consumer Finances
(DBN Subscription Required)
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UK:
Wealthiest Brit Has A Debt Problem
(DBN Subscription Required)
Bank of England counters gloom with recovery hint
(DBN Subscription Required)
Lloyds Leads Bank-Bond Drop on State Rescue Concern
(DBN Subscription Required)
Lloyds' HBOS deal backlash builds
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'UK Has No Plans to Nationalize Lloyds Banking Group
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Brown Trails Conservatives By Most In Five Months
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31% of companies cancel contracts with suppliers, E&Y poll finds
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Lord Turner: FSA failed to spot looming crisis
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Top bankers are in no position to hold taxpayers ransom
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Businesses keep cutting back, says ICAEW
(DBN Subscription Required)
Deloitte gains new insolvency partner
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Strong interest in Baugur-backed Principles
(DBN Subscription Required)
Smelne Yachts files for bankruptcy
(DBN Subscription Required)
Credit insurer ends cover to Topps Tiles suppliers
(DBN Subscription Required)
Euro Credit Insurers Face Challenges
(DBN Subscription Required)
Recession hits IT
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Landlords boot out shoe plan
(DBN Subscription Required)
Nationalization of privately funded hospitals called for
(DBN Subscription Required)
CBI Says Economy Set for Worst Slump Since 1980
(DBN Subscription Required)
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EU:
Trichet Says Must Not Lay Ground for Future Crises
(DBN Subscription Required)
Euro Falls to 10-Week Low on Concern Europe’s Turmoil to Worsen
(DBN Subscription Required)
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Japan:
Japan's economy slumps as global crisis widens
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Japan Powerless as Economy Plunges
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Japan’s economy shrinks by an alarming 12.7 percent
(DBN Subscription Required)
Japan’s Finance Minister to Quit After G-7 Blunder
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Bank of Japan under pressure to come up with creative steps
(DBN Subscription Required)
Japan’s Economy May Shrink 20% This Quarter, Institute Says
(DBN Subscription Required)
Japanese economy shrinks at fastest rate in 35 years
(DBN Subscription Required)
Japan to Cut Economic Assessment for Fifth Month
(DBN Subscription Required)
Tokyo Condo Sales Fall 24 Percent in January on Slowing Economy
(DBN Subscription Required)
Japanese Structured Finance Broadly Negative
(DBN Subscription Required)
Bank of Tokyo Mitsubishi UFJ Plans Record Bond Sale
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Japan's economy Veiled in darkness
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Russia:
Russian Industry Sees ‘Unprecedented’ Drop in January
(DBN Subscription Required)
Russian Billionaires an Endangered Species
(DBN Subscription Required)
Khodorkovsky Faces New Charges
(DBN Subscription Required)
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Canada:
Ending the myth of the frugal Canadian
(DBN Subscription Required)
All eyes face south of the border for auto deadline
(DBN Subscription Required)
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S. Korea:
Korea, Mexico offer the US bailout lessons
(DBN Subscription Required)
24-Hour Burger Joints Draw New Breed of 'Homeless'
(DBN Subscription Required)
South Korean Department-Store Sales Rebound on Holiday Spending
(DBN Subscription Required)
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New Zealand:
Unemployment soars as roof caves in on building boom
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Eastern Europe:
Failure to save East Europe will lead to 'worldwide meltdown'
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Mexico:
Mexico to lose up to 300,000 jobs, minister says
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Mexico’s Soriana Falls on Pessimism for Fourth-Quarter Sales
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Ireland:
Irish Banks Face 27.7 Billion Euros of Loan Losses
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Ireland faces growing fears of debt default
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France:
France May Take 20% Stake in Caisse d’Epargne, Banque Populaire
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Germany:
Germany’s Steinbrueck Says Nationalizing Hypo Still on Cards
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German Investor Confidence Rises Most in 15 Years
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Merckles Said to Be Ready to Name Klaus Hubert Goerg Trustee
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German homes as good as gold
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______________
Australia:
Households to be charged tax for each flush of toilet
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Credit card applications 'down by 15pc'
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South Africa:
Rand Drops to 2 1/2-Week Low on Bets Financial Crisis Worsening
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