November 2008 - Money Morning - Only the News You Can Profit From

The Investor's Guide to The Video Game Industry

[Editor's Note: Rumen Hutchinson is the 16-year old son of Martin Hutchinson, contributing editor to both the Money Map Report and Money Morning.  As someone who owns eight different video game consoles and spends as much as four hours a day "gaming," Rumen is all but a certified expert on today's video game market. Rumen […]

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Government Stimulus Programs Not Always the Hoped-For Panacea

By Martin HutchinsonContributing EditorMoney Morning The British government this week unveiled a stimulus plan that will boost that country’s budget deficit to $181 billion (118 billion pounds), the equivalent of 8.0% of gross domestic product (GDP). U.S. President-elect Barack Obama’s stimulus plan, when combined with the recession, may raise the U.S. federal deficit to $1.2 […]

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Fed Announces $800 Billion in Homeowner, Consumer and Small Business Aid

By Mike Caggeso Associate Editor Money Morning The U.S. Federal Reserve and Treasury Department announced yesterday (Tuesday) $800 billion worth of stimulus measures to rev up three primary engines of the U.S. economy – homebuyers, consumers and small businesses. This newest economic infusion follows a $700 billion banking system bailout package that was unveiled in […]

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Global Investing Roundups

Consumer Confidence Climbs; Home Prices Record Plunge; Troubled Banks on the Rise; Oil Falls 7%; Slim’s Bank Buys Citi Stock; D.R. Horton Shares Vault The Conference Board said yesterday (Tuesday) that its Consumer Confidence Index now stands at 44.9, up from a revised 38.8 in October. Last month's reading was the lowest since the research […]

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BHP Abandons Hostile Bid for Rio

By Mike Caggeso Associate Editor Money Morning With commodity prices falling and the global economic outlook uncertain, Melbourne-based mining titan BHP Billiton (BHP) pulled the plug on its hostile takeover of rival Rio Tinto PLC (RTP), saying the proposed deal is of no longer in the best interest of shareholders. The bid was also partially […]

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A Trip Down the Road to Squanderville

[Editor’s Note: The following essay was adapted from the book, “I.O.U.S.A.: One Nation. Under Stress. In Debt,”a companion offering to the critically acclaimed documentary “I.O.U.S.A.”] Although still seen as the world’s economic superpower, the United States has found itself with a myriad of problems: Skyrocketing federal debt, growing annual budget deficits, an almost nonexistent personal […]

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