http://ficry.com The Financial Crisis News Source Mon, 21 Dec 2009 10:35:16 +0000 http://backend.userland.com/rss092 en [caption id="attachment_4439" align="aligncenter" width="368" caption="...whether there be any news in it or not. - Henry Fielding"][/caption] Just as record numbers of aimless liberal arts majors are getting duped into applying to expensive journalism schools (a year at Columbia will put you back a cool 60k, which is about 60k more ... http://ficry.com/news-as-conversation-blogosphere-vs-traditional-press-outlets/ [caption id="attachment_4425" align="alignright" width="307" caption="Crack Down on Tax Incentives for Banking off the shore."][/caption] In the last year politicians have increasingly pushed for legislation that would limit off-shore banking. Even UK Prime Minister, Gordon Brown, among others has called for curbs on tax havens despite the fact that a great number ... http://ficry.com/does-offshore-banking-get-a-bum-rap/ [caption id="attachment_4384" align="alignright" width="346" caption=" Chad, Africa."][/caption] Can the recession save children's lives? According to economist Michael Greenstone, a decrease in global production due to the current crisis has spared the lives of "...between 257 and 451 British, between 1.104 and 1,933 American, and probably between 58,088 and 101,655 Chinese babies" through ... http://ficry.com/recessions-lower-infant-mortality-rates-an-incomplete-picture/ "The party is over," says Peter Schiff, president of Euro Pacific Capita, who warned publicly in 2006 of the sub-prime housing crisis. "We bought too many cars, and now we're broke." Writing for Reuters journalist Nick Carey argues that the consequences of the automakers failures are likely to last for ... http://ficry.com/automotive-overcapcity-and-exaggerated-demand/ [caption id="attachment_4363" align="aligncenter" width="540" caption="Afghan National Police officers, Afghan National Army soldiers and U.S. Army 1st Battalion, 4th Infantry Regiment Soldiers patrol on foot July 27 to speak with village leaders in Deh Chopan district, Zabul province."][/caption] Tens of thousands of civilian contractors have aided U.S. war efforts in Iraq and ... http://ficry.com/aigs-biggest-crime-civilian-contractors-denied-medical-coverage-2/ [caption id="attachment_4329" align="aligncenter" width="420" caption="what's in your wallet?"][/caption] An investigation authored by the Associated Press has concluded that your personal information is vulnerable and unprotected every time you swipe your credit-card and wait for approval. Sensitive, financial data, including your name and account number are "ferried" to hacker's computers while the ... http://ficry.com/credit-card-companies-play-fast-and-loose-with-your-information/ [caption id="attachment_3716" align="aligncenter" width="540" caption=" Everett Collection: WSJ reports that During the Great Depression, many unemployed workers spent entire afternoons watching films at movie houses like this in Eugene, Ore."][/caption] Economic 'Green Shoots' in the spring kept moviegoers at the Box office for that old timey recession solution, escapism. But now ... http://ficry.com/blockbuster-nightmare-wherein-no-one-goes-to-the-movies-ever-again/ In the closeted world of satin and sequins that is Parisian haute couture, there is uncertainty about the future. Even Christian Lacroix, the incarnation of frivolity and joie de vivre in high fashion, showed his final collection, but only thanks to the benevolence of embroiderers, feather suppliers and ... http://ficry.com/an-uncertain-future-for-fasions-couturiers/ [caption id="attachment_4242" align="aligncenter" width="600" caption="Uncirculated Banknotes from North Korea"][/caption] Writing for the Washington Post Foreign Service, Blaine Harden reports that for Kim Jong Il's birthday, North Korean insurance managers delivered "$20 million in cash into two heavy-duty bags and sent them, via Beijing." The cash was given to Korean insurance managers ... http://ficry.com/global-insurance-scams-finance-the-north-korean-government/ [caption id="attachment_4314" align="aligncenter" width="480" caption="Coal workers in Shizuishan"][/caption] Production drove the boom. Now that it’s Bust will workers demand their fair share? Reporting from China, Caijin Online correspondent Andy Xie, claims that the financial sector overestimated its worth by more than 100%, and that in light of this realization, the global ... http://ficry.com/a-normalization-of-demand-could-be-devastating/