Calculated Risk

• Nevada Construction Crane: "Endangered species"

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  Brian Wargo writes at the Las Vegas Sun: Construction nears standstill The state bird of Nevada, the construction crane, is on the endangered species list.
  
  ... there are nine commercial projects of consequence under construction off from the Strip in Southern Nevada. Once most of those projects wind [...]
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  Posted: November 07, 2009, 7:40pm EST
  by CalculatedRisk

• U.K. Record 35 Thousand People Declared Insolvent in Q3

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  From the Independent: Personal insolvencies rise to new record as unemployment bites More people than ever before were declared insolvent in England and Wales during the third quarter of the year. Figures released by the Insolvency Service yesterday reveal that there were 35,242 personal insolvencies over the three months [...]
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  Posted: November 07, 2009, 5:13pm EST
  by CalculatedRisk

• TARP Loses $299 million Investment in United Commercial Bank

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  From the LA Times: United Commercial Bank is shut down, sold to East West Bancorp Toppled by loan losses and misstated financial reports, San Francisco's United Commercial Bank was shut down by regulators Friday night ...
  
  United Commercial's collapse may cause a greater-than-usual stir because a year ago [...]
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  Posted: November 07, 2009, 1:09pm EST
  by CalculatedRisk

• U.K.: Bank of England Warns of "Doom Loop"

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  From The Telegraph: Bank of England says financiers are fuelling an economic 'doom loop' On the eve of the G20 meeting of finance ministers in Scotland, Andy Haldane, the Bank's executive director for financial stability warned that the relationship between the state and banks represents a "doom loop" which [...]
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  Posted: November 07, 2009, 9:08am EST
  by CalculatedRisk