SEOUL, South Korea - May 19, 2009 - The United States may emerge from Depression as early as this summer, though further job losses mean a "depressed economy" could last as long as five years, Nobel Prize-winning economist Paul Krugman said Tuesday.

NEW YORK - May 19, 2009 - Commercial real-estate loans could generate losses of $100 billion by the end of next year at more than 900 small and midsize U.S. banks if the economy's woes deepen, according to an analysis by The Wall Street Journal.

Japan beware, crashes have a habit of bringing regime change.

By Ambrose Evans-Pritchard

LONDON, England – May 18, 2009 - Et tu Tokyo? If Washington is counting on Japan to act as last-resort buyer of U.S. dollar bonds, it may have to think again. Masaharu Nakagawa, finance chief of the Democratic Party of Japan (DPJ), told the BBC that his country should not purchase any more U.S. debt unless issued in yen as "Samurai" bonds, akin to "Carter bonds" in 1978.

NEW YORK - May 18, 2009 - Longtime technical analyst Robert Prechter, who forecast the 1987 stock market crash, predicted this week that U.S. equities may plunge to half their lows hit in March as a deflationary Depression bites.

BEIJING, China - May 18, 2009 - Brazil and China will work towards using their own currencies in trade transactions rather than the U.S. dollar, according to Brazil’s central bank and aides to Luiz Inácio Lula da Silva, Brazil’s president.

NEW YORK - May 14, 2009 - Chrysler LLC will close down 789 dealerships, or roughly 25% of the current number, according to a plan filed in bankruptcy court Thursday.

NEW YORK - May 13 - Foreclosure filings in the U.S. rose to a record for the second consecutive month in April as banks increased efforts to seize homes from delinquent borrowers.