Cern special: The 9 billion dollar question at izbrano

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Cern special: The 9 billion dollar question

Independent - Today, mankind’s greatest experiment begins as the Large Hadron Collider powers up. The cost is huge, the scale is massive – and the discoveries could be enormous. But, asks Andy McSmith, what does it all add up to?

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Depression Economics Returns

NY Times, by Paul Krugman - All indications are that the new administration will offer a major stimulus package. My own back-of-the-envelope calculations say that the package should be huge, on the order of $600 billion. So the question becomes, will the Obama people dare to propose something on that scale?

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U.S. Agrees to Rescue Struggling Citigroup

WS Journal - The federal government agreed Sunday night to rescue Citigroup Inc. by helping to absorb potentially $306 billion in losses on toxic assets on its balance sheet and injecting fresh $20 billion into the troubled financial giant.

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German Government Backs Support Package

Spiegel - German Chancellor Angela Merkel has thrown her support behind a plan to pump up to €130 billion into the European Union economy. The government in Berlin says it would be prepared to contribute up to €25 billion for a stimulus program.

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