Analyst:
One Third Of Banks Could Collapse In 2009 Financial analyst
Ralph Silva of TowerGroup told CNBC this morning
that he expects no less than one third of banks
to fail in 2009 and that anything up to a thousand
could collapse if they don't merge.
Group
attacks riot police as Athens protests flare
Shots were fired at an anti-riot van in Athens on
Tuesday and youths damaged a police car as some
2,000 students marched in protests that have rocked
the capital since police killed a teenager.
When
Trust Runs Out Every society and
every institution rests heavily on trust. There
is active trust, the result of “trust, but
verify.” I call this stage one trust. Then
there is stage two trust, which I call default trust:
“Trust, and assume that someone else has verified.”
U.S.
Economy: Home Prices Fall Near Depression Pace Sales of
single-family houses in the U.S. dropped in November
by the most in two decades and resale prices collapsed
at a pace reminiscent of the Great Depression,
dashing speculation the market was close to a
bottom.
Police
’secretly taped Damian Green arrest’ The controversy
over the arrest of Tory frontbencher Damian Green
took a new twist today after it emerged the arresting
officers were wearing sound recording equipment
at the time.
Clinton
may obstruct Obama ‘change’ The designated US secretary
of state is expected to appoint Middle East envoys
from a group of shady and pro-Israeli diplomats.
