Manic Monday on Wall Street
Investors deal with a Lehman bankruptcy, the sale of Merrill Lynch to BofA, and a possible AIG restructuring. Mondays better not get any more manic than this.
Wall Street's Perfect Storm - BusinessWeek
1,000 Regional Banks May Be in Jeopardy
Troubles at Wall Street behemoths are overshadowing ailments that will hit closer to home for most businesses. So far this year, 11 banks have gone belly-up. By year-end, a few dozen more will follow. And then the pace will pick up, hitting a peak in 2009 before edging back down in 2010. The hardest hit areas are likely to be in California, Florida, Arizona and Nevada where property values skyrocketed and then plummeted. Georgia, too, will suffer, where building outpaced demand. And states such as Michigan and Ohio, where laid-off auto and other manufacturing workers haven't been able to maintain mortgage payments, are headed for trouble.
Regional Banks in Jeopardy - Kiplinger
Also: Wilbur Ross: Possibly a Thousand Banks Will Close - CNBC.com
Last Year's Stock Stars Are Big Losers in 2008
Stocks that were stars coming into the year are some of the worst performers in a market that's struggling through another tumultuous period. And it's unclear what groups might emerge to lead the market out of its funk. 47 Standard & Poor's 500 rose 50% or more in 2007, but 40 of those 47 are in the red in 2008. And 23, including past favorites Apple and Google, are doing even worse than the 14.8% loss in the S&P 500.
Last year's star stocks fade out - USATODAY.com
Best Places to Live a Long Life
Led by Montgomery County, MD, residents of these 25 counties enjoy some of the highest life expectancies in the U.S.
Best places for a long life - Money Magazine
Walmart's New Health Food Push: Is It Too Hard to Swallow?
Bonds Are a 'Safe' Investment: A Big Lie Gets Even Bigger

