US Sneeze Doesn't Spook Many at Davos

Related Newser Stories

• Rivals Wary of China's New Sea Power

  Dec 30, 08 8:25 PM CST
  China's decision to flex its burgeoning naval muscles by sending two warships to patrol Somalia's pirate-infested waters has been met with equal parts thanks and worry from the international community, the Christian Science Monitor reports. The mission is China’s first outside of its own waters, and many are wondering what the country will do next with its growing sea power.
  More »

• Gold's Price Is High, but Human Costs Are Steeper

  Dec 20, 08 7:30 PM CST
  As the price of gold continues its steady climb—at $271 before 9/11, it's now above $835—National Geographic provides a sobering look at the human and environmental costs of finding it and digging it up. With the world's biggest deposits long gone and new discoveries rare, "it's an invitation to destruction," writes Brook Larmer. "But there is no shortage of miners, big and small, who are willing to accept." More »

• 4 Financial Doomsday Scenarios

  Dec 17, 08 11:20 AM CST
  James Rickards is far more pessimistic about the economic crisis and its global implications than most of his analyst colleagues, Politico reports. But he’s also well respected by US intelligence and defense services. Here are four of his nightmare scenarios.

  • Terrorism: Al-Qaeda has long sought to disrupt the US economy; the current crisis would give any attack a "force multiplier effect"
  More »

• Chinese Exports See First Drop in 7 Years

  Dec 10, 08 2:32 PM CST
  China’s exports have taken a sudden, unexpected hit from the global economic crisis, possibly an early indication that the world’s fourth-largest economy is on the verge of crisis. Exports, expected to rise at least 15%, shrunk instead by 2.2%, marking the first such fall in 7 years for the Asian giant, the Daily Telegraph reports. More »

• Dow Off 679 on Dour Data

  Dec 1, 08 3:20 PM CST
  The stock market tumbled today amid dismal global economic data, MarketWatch reports, including a report by a group of economists that, by their measure, the US economy has been in recession since December 2007. The Dow fell 679.95 to close at 8,149.09. The Nasdaq dropped 137.50, settling at 1,398.07, and the S&P 500 shed 80.03 points to close at 816.21. More »