MSM: Global sell-off shudders markets as euro plunges to 8-month low amid fears of debt default

(DailyMail) – London’s top stocks lost another one per cent today as worries over US and European economic health sparked a sell-off for the second session in a row.

U.S. Farm Profit Plunging on Lower Crop, Dairy Prices (Update3)

(Bloomberg) – Profits for U.S. farmers will plunge more than expected this year, dropping 38 percent from 2008 as the recession erodes demand for crops, livestock and dairy products, the government said.

Global temperatures ‘have plunged .74°F since Gore released ‘An Inconvenient Truth’

The latest global averaged satellite temperature data for June 2009 reveals yet another drop in the Earth’s temperature. This latest drop in global temperatures means despite his dire warnings, the Earth has cooled .74°F since former Vice President Al Gore released “An Inconvenient Truth” in 2006.

MSM: U.S. Stocks Drop Most Since Crash of 1987 on Recession Concerns

Oct. 15 (Bloomberg) — U.S. stocks plunged the most since the crash of 1987, hammered by the biggest drop in retail sales in three years and growing doubt that plans to bail out banks will keep the economic slump from deepening.

MSM: Asian markets plunge on fears crisis is spreading

SINGAPORE – Asian stock markets plunged Monday as government bank bailouts in the U.S. and Europe failed to alleviate fears of a global financial crisis that would depress world economic growth.

Investors took scant comfort from Washington’s passage of a $700 billion bank bailout on Friday, focusing instead on a dismal U.S. jobs report that suggested the U.S. economy — a vital export market for Asia — could slide into a recession.

Fannie and Freddie Shares Crash

Freddie Mac plunged 48 % 4.10 dollars at the Wall Street open following a 22% slide on Thursday and Fannie Mae lost 46% to 7.07 dollars after a 14% drop in the prior session.