Stocks tumble as House votes on plan

House and Global Investors Vote “No” on Paulson Bailout

House nixes $700B bailout bill in stunning defeat
In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation’s financial system, leaving both parties and the Bush administration struggling to pick up the pieces. The Dow Jones industrials plunged nearly 800 points, the most ever for a single day.

Stocks tumble as House votes on plan
Fear swept across the financial markets Monday, sending the Dow Jones industrials down as much as 705 points, as traders feared the financial bailout package would not pass the House.
As the vote was shown on TV, stocks plunged and and investors fled to the safety of the credit markets, worrying that the financial system would keep sinking under the weight of failed mortgage debt.

Brazil’s Lula calls US bailout plan unfair to poor

Chavez says crisis-hit U.S. needs new constitution

Credit crunch banker leaps to his death in front of express train

“Just Say No!” to the Robin Hood-in-Reverse Bailout

The Financial Collapse and the Housing Market

The Bailout and the Economy

Why America Should Listen to Ahmadinejad

Racism as Reflex
If hypocrisy were currency, conservatives would be able to single-handedly bail out the nation’s free-falling financial system in less than a week, without the rest of us having to front so much as a penny.
So on the one hand, folks like this always tell others–especially the poor and people of color–to take “personal responsibility” for their lives, and not to blame outside factors (like racism, or the economic system) for their problems. But on the other hand, these same persons then demonstrate that their own ability to blame others for their personal setbacks, or the nation’s problems, knows no rival.

Venezuela wants to work with Russia on nuclear energy: Chavez
Venezuelan President Hugo Chavez said Sunday that he was interested in accepting Russia’s offer of help in developing a civilian nuclear power program.
“We certainly are interested in developing nuclear energy, for peaceful ends of course — for medical purposes and to generate electricity,” he said.
“Brazil has various nuclear reactors, as does Argentina,” he added. “We will have ours as well,” he said upon his return from a tour in China and Russia.

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