BARCLAYS

Why We're Losing Our Faith in Capitalism

Another sordid example of banksterism -- money laundering -- surfaced this week accompanied, not surprisingly, by a blistering global poll that shows faith in capitalism is shrinking. The HSBC (Hong Kong and Shanghai Bank Corporation), the largest financial institution in Europe, revealed "major internal-control problems" and plans to apologize for its lapses next week to members of a U.S. Senate subcommittee into terrorist and trafficking money laundering.
AP

Oil Sputters: Down $30 Per Barrel In 3 Months

NEW YORK, N.Y. - Oil prices fell over $3 to near US$83 a barrel Monday after Standard & Poor's downgraded the U.S.'s credit rating — a blow to confidence that could hurt economic growth and demand for...