It seems that there is another tragic tail in the on going economic crisis, that of the Super Model. Thank god they don’t need to eat, and since they’re at the club all-night anyway, they don’t even need a bed. Â
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They have been hit doubly hard, losing revenue; not being able to book shows, and [...]

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Maybe governments around the world should start marine exploration companies and try to find old gold that is laying around the ocean in their sunken war ships.
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At least it’s better then some of the stimulus plans being thrown around.
Gold is still a very desirable currency and it seems that a company in Florida, [...]

Today, Monday, November 10, 2008 — we have been having great news from everywhere.  Circuit City announcing bankruptcy, another $40 billion for AIG (guess it’s good news for them?), and now we have 2 more bank failures.
CNN Money reports, 2 more banks go belly-up, as Franklin Bank (of Houston) and Security Pacific Bank (of California) [...]

PNC buys National City (NCC) in an effort to save the regional bank form certain failure. Regional banks are still a good source of money, as individuals and small business use them for time deposit (CD) allowing PNC to increase their customer share.
We’ve been watching National City (NYSE:NCC $1.97 on 10/24/2008) for a while now [...]

Update: 10-19-08
The Netherlands has announced a 10 billion euros ($13.4 billion) deal with ING, in which the ING will postpone the final dividend of 2008, and seling the government on-voting preferred securities that pay 8.5 percent annual interest and don’t dilute existing shareholders.
The injection will lift ING’s core Tier 1 capital to about 8 percent.

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