Thursday, November 20, 2008

Citigroup looking for partners

This reminds me of a fat person, who eats because they are depressed, but gets depressed because they eat. I don't think the way out of this mess is to make the companies our economy depend on bigger.
clipped from www.cnbc.com

Senior officials at Citigroup told CNBC that they will have to make a strategic change in the firm's direction, including finding a possible merger partner or raising cash in the coming days to arrest a sharp slide in the firm's stock price.

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Oil Below $50

I bet you never thought you would see oil at lower than $50 a barrel again did you. Don't party yet - or party but do it quick. Oil is bound to go back up once OPEC meets.
clipped from www.cnbc.com

Oil prices tumbled to a three-and-a-half year low below $49 a barrel on Friday, nearing a $100 drop from its July record high, as more distress for the global economy threatened to eat further into demand for fuels.

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World Leaders Refuse to shake Bush's hand

Woman at fire Scene angered by TV reporter

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