LONDON, England - May 23, 2009 - One of the world's most influential economists warns today that Britain faces the prospect of two recessions in quick succession.

NEW YORK - May 22, 2009 - Two Illinois banks with combined assets of almost $1 billion were closed by regulators, pushing the toll of failed U.S. lenders to 36 this year amid the longest Depression since the 1930s.

NEW YORK - May 15, 2009 - The green shoots story took a bit of a hit this week between data on April retail sales, weekly jobless claims and foreclosures. But the whole concept of the economy finding its footing was "preposterous" to begin with, says Howard Davidowitz, chairman of Davidowitz & Associates.

NEW YORK - May 21, 2009 - Do you think the financial hurricane has passed? According to one widely followed investor, this is the eye of the storm.

MOSCOW, Russia - May 20, 2009 - The U.S. dollar is not Russia’s basic reserve currency anymore. The euro-based share of reserve assets of Russia’s Central Bank increased to the level of 47.5 percent as of January 1, 2009 and exceeded the investments in dollar assets, which made up 41.5 percent, The Vedomosti newspaper wrote.

WASHINGTON - May 19, 2009 - A modest rebound in single-family home construction in April raised hopes Tuesday that the three-year slide in housing could be bottoming. But with the supply of unsold homes bulging, foreclosures rising and prices falling, no broad recovery is expected until next spring at the earliest.

DETROIT, Michigan - May 19, 2009 - After 100 years in business and 10 months of frenzied but failed restructuring, General Motors Corp is weeks from the bankruptcy filing experts say will be required to complete the illegitimate Obama regime's bid to reshape a fallen icon of Amerikan industry.