Latest FromWall St Meltdown
![Opium owner liquidates](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Opium owner liquidates
Mounting debts of more than $2.7 million have forced hospitality heavyweight David Williams and his wife and business partner Harbans to put five of their companies into liquidation.
![Pay packets feel the squeeze of recession](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Pay packets feel the squeeze of recession
Wages growth remained feeble in the September quarter as the recession took its toll on pay packets.
![Obama's popularity blowing in the wind](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Obama's popularity blowing in the wind
Now the euphoria has died, President Obama must convince Americans he has the answers.
![Former NZ economist predicts more global gloom](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Former NZ economist predicts more global gloom
Another plunge into global recession in 2010 or 2011 is being tipped by expatriate economist Robert Wade.
![DIY filling the gaps in tougher times](/pf/resources/images/placeholders/placeholder_l.png?d=795)
DIY filling the gaps in tougher times
Cost-conscious do-it-yourselfers are picking up where tradespeople left off at big-box hardware stores.
![Obama hits mark with attack on 'fat cat' bankers](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Obama hits mark with attack on 'fat cat' bankers
More proof today, as if it were needed, that Barack Obama's administration “gets it”.
![<i>Fran O'Sullivan</i>: Securities watchdog part of old boys club](/pf/resources/images/placeholders/placeholder_l.png?d=795)
<i>Fran O'Sullivan</i>: Securities watchdog part of old boys club
Fran O'Sullivan writes that the Securities Commission won't achieve much as long as they persist with a 'limp-wristed' approach.
![Wall St bankers 'lied over and over again'](/pf/resources/images/placeholders/placeholder_l.png?d=795)
Wall St bankers 'lied over and over again'
A jury has begun deciding the fate of the two Bear Stearns managers whose hedge funds imploded in 2007, marking the start of the financial crisis.
![$250 million: What our Govt borrows a week](/pf/resources/images/placeholders/placeholder_l.png?d=795)
$250 million: What our Govt borrows a week
The Government needs to borrow $250 million a week after the havoc wreaked by the recession on its books.