China irks US with computer security review rules (AP)

AP - The Chinese government is stirring trade tensions with Washington with a plan to require foreign computer security technology to be submitted for government approval, in a move that might require suppliers to disclose business secrets.

Gift guide: Tech gifts for the budget-conscious (AP)

AP - Economic meltdown and financial crisis are not phrases you want to hear as you ponder your holiday shopping. But it is possible to find tech-related gifts on a recession-minded budget, be they handy, entertaining or irreverent.

Community Lending Not Responsible for Mortgage Crisis

Federal Reserve Governor Randall Kroszner said there is no evidence that programs boosting community lending spurred the mortgage crisis . Delivering remarks on the topic of the Community Reinvestment Act (CRA) and the mortgage crisis, Kroszner said mortgages…(read more)

IDC sees decline in US PC market next year (AP)

AP - U.S. shipments of personal computers are expected to drop nearly 3 percent next year, while demand in much of the rest of the world will slow down quickly as the financial crisis spreads, research firm IDC said Wednesday.

Car sales slide shows auto crisis worsening (Reuters)

Reuters - The global automotive industry faced a fresh wave of bad news Monday, as data showed drops in Swedish, Japanese and South Korean November car sales, with figures for France, Spain and Italy due out later in the day. Automakers are cutting production as well as seeking help from governments to survive as they [...]

Holiday sales get off to slow start (Reuters)

Reuters - The holiday shopping season got off to a slow start as consumers, squeezed by the economic crisis, bought carefully and said they would wait for better deals closer to Christmas.

QuStream Corporation Reports 2008 Third Quarter Results

TORONTO, ONTARIO–(Marketwire - Nov. 28, 2008) - QuStream Corporation (”QuStream” or the “Company”) (TSX VENTURE:QVC), an innovative global provider of high-definition (HD) broadcast solutions that facilitated NBC’s comprehensive coverage of the 2008 Beijing Olympics, today announced its third quarter fiscal 2008 results.
QuStream Corporation’s Chairman, President and CEO, Fred Godard, commented, “The impact of the liquidity [...]

Holiday shoppers buy carefully, expect more deals (Reuters)

Reuters - The stores are open, the prices are marked down, but U.S. consumers spooked by the economic crisis bought sparingly at the start of the holiday shopping season.

Asian economies stumble and U.S. faces retail test (Reuters)

Reuters - U.S. shoppers awoke early for post-Thanksgiving sales on Friday in a key test of the country’s ability to withstand economic turmoil as sharp production declines in Asia gave fresh evidence of the global crisis.

Ongoing Crisis Could Last Years, Says Robert Shiller

Robert Shiller , a well-known economist and professor at Yale University, said the ongoing financial crisis could last for years. He said blaming monetary policy for the crisis is simplistic and misleading, and called for three solutions to prevent a…(read more)

China’s economic downturn deepens (Reuters)

Reuters - China warned on Thursday its economic downturn could threaten stability and pressure grew on the European Central Bank to make a big cut in interest rates to help contain the global financial crisis.

UK, U.S. to set newest economic battle plans (Reuters)

Reuters - Britain and the United States moved to unveil their newest strategies to battle the global economic crisis on Monday even as European fears of a long-lasting recession deepened.

Obama mulls delays to tax hikes (Reuters)

Reuters - President-elect Barack Obama is consider delaying a campaign promise to roll back tax cuts on high-income Americans and Washington is mulling further support for Citigroup Inc in the latest efforts to contain the worst global economic crisis in 80 years.

Obama may delay tax rise (Reuters)

Reuters - President-elect Barack Obama may consider delaying a campaign promise to roll back tax cuts on high-income Americans as he works on a huge stimulus plan to counter the worst economic crisis the world has faced in decades.

Government coffers open as jobs vanish (Reuters)

Reuters - From the 200 jobs cut at Air New Zealand to the 52,000 heading out the door at Citigroup, unemployment is on the rise around the world, straining government efforts to corral the credit crisis.

Obama picks point men for crisis fight back (Reuters)

Reuters - President-elect Barack Obama has picked two experienced policymakers, Timothy Geithner and Lawrence Summers, to spearhead the fight against the global financial crisis — appointments which should bring some cheer to world markets

Obama taps Geithner, Summers for top economic jobs (Reuters)

Reuters - U.S. President-elect Barack Obama has chosen seasoned policymakers Timothy Geithner and Lawrence Summers as his two top economic lieutenants to direct the fight to rescue the economy and stem the worst financial crisis in more than 70 years.

Asian, American leaders back free trade to ease crisis (Reuters)

Reuters - Leaders from Asia and the Americas promised on Saturday to push for a global free trade deal and reform international lenders in an effort to keep the world from sliding into a deep recession.

U.S. Bancorp acquires deposits of failed Downey, PFF (Reuters)

Reuters - U.S. banking regulators seized California banks Downey Savings and Loan and PFF Bank & Trust late Friday as the housing crisis claimed two more victims from the financial crisis.

IMF economist says worst of crisis to come: paper (Reuters)

Reuters - The financial crisis that has engulfed many top banks is spiraling into a broader economic crisis that has yet to peak, International Monetary Fund’s top economist Olivier Blanchard told a Swiss newspaper on Saturday.

Wall Street rebounds on reported Treasury nomination (Reuters)

Reuters - Stocks surged on Friday to cap another volatile week as investors greeted with relief reports that President-elect Barack Obama has chosen his point person to combat the U.S. economic crisis, lifting a major uncertainty from markets.

Infonetics Research: Telecom carriers entering global economic crisis on solid ground; tough road ahead

CAMPBELL, CA–(Marketwire - November 20, 2008) - Communications market research firm Infonetics Research reports that
worldwide service provider capex (capital expenditures) are on track to
reach $275 billion in 2008, up 10.5% from the previous year. Much of the
growth is due to currency appreciation against the US dollar, which peaked
in July 2008.

Infonetics’ report, Service
Provider Capex, Opex, [...]

The Last of the Treasury Candidates

It would be a real voyage back to the future if President-elect Obama were to pick the next candidate as his new Secretary of the Treasury. However, Paul Volcker is a fearless man who took on another looming financial crisis some 25 years ago and beat…(read more)

HP sees stronger-than-expected 2009, shares up (Reuters)

Reuters - Hewlett-Packard Co posted stronger-than-expected results and forecast full-year profit above Wall Street estimates, underscoring its resilience to an economic crisis that has dragged down other tech companies.

Fed’s Bernanke Says More Co-ordinated Measures Possible

Speaking at a panel discussion at the European Central Bank,
Fed Chairman Ben Bernanke is said that while monetary
policy has not resolved the financial market crisis, global policy-makers
stand ready to take further measures if needed.
“The current financial crisis and global economic slowdown likewise
have been an occasion for unprecedented international policy
coordination, within Europe but also globally,” [...]