Automakers’ desperate bailout plea gaining support December 3rd, 2008 By Kevin Krolicki and John Crawley DETROIT/WASHINGTON (Reuters) - A top lawmaker predicted Washington would approve a bailout for U.S. automakers after they submitted survival plans, and General Motors Corp and Chrysler LLC said they needed an immediate infusion of cash to avoid failures. U.S. House Speaker Nancy Pelosi, a California Democrat, said Washington had little choice about helping the automakers, who say they su

SEOUL, Dec 3 (Reuters) - South Korea's foreign exchange reserves fell to their lowest in almost four years, data showed on Wednesday, sapped by foreign currency liquidity injections into the banking system to combat the global credit crisis.

For today, in contracts.

FINTAG COMMENT Red alert. Funny how we make up a word, define what it means and then get all gloomy when an event occurs that makes that word true. The US is in "Recession", apparently, and the markets turned to the color of blood last night. As we said yesterday, the next two weeks are HR's favorite time for firing and HSBC and Credit Suisse have let some of its people have extended Christmas vacations. More gloomy news is expected and quite frankly putting one's head under a towel and snort

Dec. 2 (Bloomberg) -- U.S. stock futures rose, indicating the Standard & Poor’s 500 Index may rebound from the worst selloff since October, on speculation the Federal Reserve may step up efforts to spur growth as the economy slips deeper into recession.