CrunchTimes

TYPICAL household goods including monocle grease and penny farthing oil have been removed from the basket of items used to measure inflation.
The new basket will include a range of modern, everyday purchases including spats, violin cases and sheet music for Dixieland jazz.
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BRITAIN’S leading mortgage lenders are to deter new customers with a range of tactics including man-eating tigers and a huge Arab warrior armed with a mighty sword.
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THOUSANDS of buy-to-let investors are ageing 1,000 years in around four seconds after receiving the latest valuations of their rented properties.
Nikki Hollis, said her husband Tom crumbled to ashes at the breakfast table shortly after opening a letter from his bank.
She said: “He kept telling everyone we were loaded because he’d bought ten flats on [...]

There has been no shortage of commentators and players willing to vouch that this is the worst financial crisis they have ever seen. Equally, there has been no shortage of bailout moves by the Federal Reserve–remedies that put “the Greenspan Put” to shame in their magnitude.
And yet the market meltdown continues, and the casualties continue [...]

As feared, foreign bond holders have begun to exercise a collective vote of no confidence in the devaluation policies of the US government. The Federal Reserve faces a potential veto of its rescue measures.
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Gretchen Morgenson reported this in an article called “Rescue Me: A Fed Bailout Crosses a Line” published in the New York Times (3/16/08): “For the government to print money at the expense of taxpayers as opposed to requiring or going about a receivership and wind-down of any insolvent institutions should be troubling to taxpayers and [...]

WASHINGTON — These days, your thoughts are worth 1.7 cents.
That’s what it costs the government to forge a penny, thanks to the rising price of metal. A nickel costs 10 cents. Congress has concluded that’s a pretty bad deal.
A House subcommittee chaired by Rep. Luis Gutierrez, D-Ill., convened a hearing Tuesday on a proposal to [...]

Expert investor Jim Rogers has slammed the Federal Reserve for destroying the dollar in order to rescue Wall Street, calling it “outrageous” that Ben Bernanke used $230 billion [...]

Bear Stearns marks the moment when the global financial crisis went critical. Up until last Friday, it had been possible – just about – to believe that the worst was over and that things were about to get better. That pretence was stripped away when JP Morgan, at the behest of the Federal Reserve, stepped [...]

FEARS are growing that the US Federal Reserve may soon find itself short of the funds needed to continue propping up the nation’s financial system.
The central bank yesterday used its financial muscle to back the bail-out of the stricken Wall Street investment banking giant Bear Stearns, which will be taken over by rival JPMorgan Chase [...]