The sub-prime fiasco has cost many high flying careers so far, but there is much more to come in 2008. There are many hundreds of billions of more losses to come, and likely many more careers that are about to be prematurely ended.
It's going to prove a dangerous 2008 for the US economy.
More images of what could be large satellites or unacknowledged manned space stations in low earth orbit.
This is far and away the most out there and implausible thing I have ever seeded on Newsvine, yet this guy is the former Forbes Bureau Chief in Tokyo - that alone gives him some credibility.
The new Australian government considers the F/A-18E Super Hornet not good enough to guarantee air supremacy for Australia in a region where advanced Su-27 and Mig-29 derivatives are becoming common. But Australia is not exactly spoilt for choice.
I guess the simple answer is...you did not hire people as smart as Goldman Sachs did. Seriously, the CDO disaster and general mortgage malaise caught almost everyone by surprise, with Goldman Sachs really only saved by a handful of traders who bet the right way.
Merrill Lynch is in more trouble than it cares to admit and the recent investment by Singapore's Temasek does not appear to be enought to stave off questions about the extent of the banks exposure to bad loans in the mortgage market.
Russia is not only rich in oil, but the precious metal titanium, which is underpinning so much of the US aerospace industry. This deal is a massive win for VSMPO-Avisma and also for Boeing, which has locked in a reliable supply for badly needed titanium parts.
Could there be a spiritual element to depression and othe rmental illnesses? There is a growing movement of people which seem to practice a milder, gentler form of exorcism that is able to achieve results with all but the most evil of entities...is this another hocus pocus fad, o …
Domestic demand is way down, the propety market is in the doldrums...but there is a bright spot with US exports, which are now enjoying a surge.
When property is going off the boil in a modern Western economy, retail spending is sure to follow shortly after. The UK market has skyrocketed more than just about any other the past few years, which should make the fall ever the more painful.
Would it not be great if Astrology was defined and accurate enough to prevent such acts? Here we have a very strange analysis...and one that supposedly indicates Iranian involvement...or does it indicate Iran will be (unfairly) blamed for this evil murder? If anyone has any exper …
Airbus has done very well based on its initial cost cutting targets with Power8...however, the reality is with the US currency now at record lows, Power8 is not enough.
The Chinese yuan is under a type of managed floatation regime, but even so, it is clear that the Chinese central bank is fighting a losing battle against market forces: the pressure on the currency is up, with most analsyst agreeing that if freely floating, the currency could eas …
Seems like a good time to invest in a Prius dealership in CA.
$15 billion a month, the price of oil is sky high, the US is despised around the world, the US military is having its equipment fall to bits...can someone please tell me exactly what is the benefit of the Iraq war? How is it serving and enhancing America's interests.
The word 'jingle-mail' is one we will be hearing a lot more of soon: as homeowners mail in the keys to their properties to their lenders just before they move out, the mortgage landscape of America is entering a dangerous new phase.
It's not a good news day when a very good analyst at Goldman Sachs revises estimates for writedowns up to double previous levels for some of the biggest name son Wall Street.
Boeing really wanted this order confirmed before the end of the year. It marks another vote of considence in the plane by arguably the world's most prestigious and well known carrier.
If anyone seriously expected this plane to fly in 2007, then they may well wish to consider a career change to writing fairy tales.
A very optimistic forecast given the outlook for the Euro VS the USD over the next seven or so years. Airbus and EADS have made progress in reducing costs, but so has Boeing and to a greater degree.
An amazing story which shows that despite the commonly held belief by the public that doctors are inherently sceptical as to claims of the paranormal, we see here that they often witness firsthand situations which defy logical scientific explanation.
Repressed memory syndrome is a condtion many refuse to accept, despite the plethora of evidence that has been coming to light over many years.
The slump in housing is very bad now, but only in certain geographic locations - Scottsdale, AZ has some amazing bargains going. However, 2008 could see a much wider slump across America, with many people seeing a lot of real quaity wiped out.
I actually drove this car for a few weeks back in early 1990 and was amazed at how lithe and agile it was. Just goes to show how much weight cars have put on over the years.