In the depression of the1890s, the term for a breadline was a Cleveland Cafe, named after the Wall Street puppet who turned the government over to JP Morgan, London, and their cross of gold.... [full story]

Unemployment in the United States has reached a 26-year high and the recession is claiming jobs at a pace not seen since 1945, with no end in sight. A total of 651,000 jobs were lost last month in the U.S. and the unemployment... [full story]

Many individual countries are now in recession, and the world economy is flagging badly. Leading economic organisations and business leaders are talking about "a global recession".     But it is not... [full story]

Iceland experienced the worst economic crash of any country in peacetime in October last year. Its authorities have denied responsibility, but widespread protests eventually forced the government to resign on 26 January,... [full story]

The world's poorest countries are beginning to be hit by the global financial crisis, warns the International Monetary Fund (IMF).... [full story]

Asian mining firms are closely watching developments related to the US$19.5 billion bid by Chinese aluminum giant Chinalco for a stake in multinational Rio Tinto, amid a developing buying blitz on Australia's cheap resources... [full story]

The agreement announced late last month between Russia and China for construction of a pipeline branch to China from the East Siberia-Pacific Ocean (ESPO) oil pipeline is only one aspect of a relatively new strategic policy... [full story]

Federal Reserve Chairman Ben S. Bernanke said the central bank will “forcefully” use every resource to restore financial-market stability and revive U.S. economic growth. “We will continue to forcefully... [full story]

Canada's banks are finally getting some respect. Derided for years as meek and mild while banks around the world expanded wildly, suddenly the reputation of Canada's big lenders as prudent and sometimes downright boring... [full story]

What are phrases that connote safety? Two that come to mind are: "Like money in the bank" or "As safe as houses". Given events of the past year, these two phrases no longer seem to hit the mark, do they?... [full story]