The city council of San Francisco has banned tobacco sales in pharmacies. Walgreens says the ban is unfair, but Philip Morris says it's unconstitutional since it abridges the company's First Amendment free speech right to sell.

A year ago, few people had heard of the term "credit crunch", but the phrase has now entered dictionaries.

The Group of Seven rich nations is no longer effective and should be replaced by a steering group that includes emerging economic powers like China, India and Brazil, World Bank President Robert Zoellick said on Monday.

The famous school of economics at the University of Chicago led by the late Milton Friedman spread its market fundamentalism worldwide. Greed, selfishness, individualism and short-termism were conflated with freedom and democracy and elevated to the stat

Financial markets around the world are reeling with negative reactions to the current U.S. economic crisis, and are not being optimistic in regard to the $700B Bailout Rescue Plan's intended effects. Turmoil is spreading through Asian and European markets

Do not panic; however, financial officials are expecting a rise in bank closures through 2009, and this is with the $700B Bailout Rescue Plan enacted. Damage control is the government's thought of the day, and financial institutions are on failure alert.

As the guys at Lehmans were holding out the begging bowl,for public funds,they were giving fat pay offs,to the execs,who had steered the company's luxury liner onto the rocks of failure.How is it,that the people aren't much angrier ?

Alistair Darling has moved to reassure savers worried that they have lost their money with the firm's collapse.

Central banks around the world cut interest rates in unison on Wednesday, responding to a worldwide clamor for concerted action to contain the worst financial crisis since the Great Depression.

Economic downturn won't stop investments that benefit the environment in California