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How to survive the recession

New Statesman - The days of easy loans are over and people are having to live within their means. But it is not all bad news. Iain Macwhirter on the lessons for the government, and what you can do.

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Germany, Industrialized World Enter Recession

Spiegel - Germany’s Federal Statistical Office has announced that the economy is now in recession, with third-quarter data even worse than expected. The figures aren’t much different elsewhere, with the OECD reporting the industrialized world is slipping into recession.

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Don’t count on a new Bretton Woods

Independent - In a cascading world, institutions will have to adapt and expand their membership if they are to survive. But it won’t be in the form of a new Bretton Woods orchestrated by the old Anglo-American alliance. Those days are over.

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Can the Bailout Prevent an Economic Meltdown?

Spiegel - Despite the historically unprecedented bailout package for Germany’s banking sector there are growing concerns that a deep recession is on the way. Will the German government have to put together a rescue plan for the broader economy as well?

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