Bill Gatet rank as richest men in the world went down as global crisis; Lehman and WaMu were collapsed, Major Wordwide Industries housed their employers, cut their production and went to debt problems. Central Banks tried to help with lowering interest rate to recover the crisis and to refresh market. FED were third time to cut their interest rate, but so far so good. Government tried to recover with debt help, injection fund, restructurization and to buy back any bankrupts and bad financial reported.

Both Governments and Central Banks fight force to recover the crisis before too late or getting worst with their stimulations. Like a doctor and patient. If patient didn’t check their health, there was no cancer but once doctor analyzed the patient, the cancer will be worst. The same case happened on Economic. Time lag took long period with crucial problems on companies. Lower demand forced companies to reduce their production as over stocks. this crisis took very long time lag to recover. Estimated more than million people were housed and the number will increase in near if fundamental economic doesn’t resolve, To increase Purchasing Power Parity.

There is one tool we dont hear so far. Economists believe that Invisible Hand will born to solve this situation. Does the battle of Israel and Hamas play the insivible hand? or the lowering oil price is invisible hand? or both of them?

Keynes, the Invisible Hand Hater believed Government and Central Bank are two main points of the solution. Keynes also put investors as the third to make one economic goes bad or good. As the example, the battle of Hamas and Israel has been increase the gold price in stock market. Many companies stocks were depreciated and appreciated by their financial reports in crisis. Investors make it worst in crisis.

Oil crude price is lower than $48, House sales were dropped in November US data, reuters reported today. the reason is very simple, Low demand, indicated by PPP (puschasing power parity). Ghost Cycle are very hard to break.

To talk about where the invisible hand is, must ask to Government and Central Bank. Invisible hand come when any policies have been run. I talk about the positive invisible hand – increase demand and supply power. Once the policies didn’t run well, insivible hand still sleep somewhere.

Monetary policy tries to refresh rill sector to gate interest rate with investment and Fiscal to gate rill investment with government budget and goverment policy such as taxes, infrastruscture, good condition to invest and others support.

Invisible hand still waits goverment and central bank plans in order to find itself on positive point.

Uncle Sam President, Mr. Bush had cancelled his arrangement because of AIG and the owner Eli Broad and Steven Udvar-Hazy out from the FORBES list Richest People and Panic Attacked are spread around the world especially in America. That is the highlight news and hot news we heard in recently. Lehman also becomes the topic as well as the AIG. Federal states decide to loan around 80 million USD to help the AIG from bankrupt.

FED intervention helps Major stocks in Wall Street rose significantly and Indonesian ISHG also got the positive impact this day.

Oil price, once more go to unpredictable, run upper $100 per barrel for October shipping but declined and rose again. We see the unpredictable oil price disturb the Net Importer from Third Countries. We cannot predict that oil price will lower than 100 USD per barrel, Indonesian Official said.

Dollar goes back to his habit after won against major currencies to make Japanese Bank of Japan enter to markets. Rupiah also declined 9600 IDR per USD last weekend closing time and today closing around 9475 IDR per USD.

FORBES launched top 400 richest people. Microsoft founder Bill Gates back again to the top with 57 million USD; and the second is Buffet with 50 million USD. The fantastic goes to 4^th to 6^th positions that belong to Wall Mart Families. AIG owner Eli Board and Steven Udvar-Hazy kick out from list because of million lost after AIG stock declined very significantly. Forbes uses the minimum wealth standard is 1.3 million USD, so only rich people who have upper than 1.3 million USD will be listed.

America-Pakistan conflict rose after American Alliance attacked Taliban in Pakistan territorial and the outspoken said that Bush decide to meet Pakistan President to calm down the conflict.

Tzipi Livni will put new record after Golda Meir James Hider 30 years ago if she wins the election to be first men in Kadima when Olmert resign from the party. Conflict between Iran-Israel rose after Iran President statement denied the holocaust on Jew in the past and denied Israel as the country.

Putin stated that Russian Military in Georgia is best move to reduce the constellation and claimed the Western Opinion that Putin decide to plan Soviet in future.

Those are hottest news that I have read from popular online magazine such as FORBES, LA Times, Reuters and Indonesian Online Newspaper KOMPAS.   

I have been subscribing news letters from huge and top newspapers, Reuters my favorite, LA Times, my opinion came from, and New York my business idea came from. I try to out amazing news from them so you can read it easily. Follow those link to go to the main source to read all news you want.

Today’s Headlines on Los Angeles Times

* New generation of L.A.-area Latino leaders aren’t as friendly toward ‘amigo stores’

By Hector Becerra

Cities like Baldwin Park are turning away from ethnic-oriented retail projects in favor of mainstream businesses. Starbucks is welcome.

* Account of cash for Olmert rivets Israel

By Richard Boudreaux

The testimony of a U.S. contributor that he gave the future premier cash increases the sense among Israelis that Olmert’s days are numbered.

* Supreme Court gives workers protection from retaliation

By David G. Savage

The justices rule that employees who say they were punished for complaining of bias can sue for damages.

* Senate Republicans block plan to improve medical care in California prisons

By Michael Rothfeld

Federal receiver could take $7 billion from state rather than borrow money if Republicans don’t change their minds.

* Lead exposure in children linked to violent crime

By Thomas H. Maugh II and Marla Cone

A study finds that even low levels can permanently damage the brain. The research also shows that exposure is a continuing problem despite efforts to minimize it.

* Tagger whose work allegedly appears on YouTube is arrested

By Andrew Blankstein

‘Buket’ is responsible for $150,000 in property damage in the L.A. area, authorities say.

Today Business on New York Times.Com

* Realtors Agree to Stop Blocking Web Listings

By THE ASSOCIATED PRESS

The agreement settles a Justice Department lawsuit against real estate agents who were accused of illegally blocking Internet-based brokers from accessing home listings.More…

* Chief of Vodafone Unexpectedly Resigns

By KEVIN J. O’BRIEN

The company announced the resignation of Arun Sarin, who led Vodafone’s expansion into emerging markets like India, Turkey and the Czech Republic, as it posted a profit for the year.

* Measure of Consumer Mood Hits 16-Year Low

By THE ASSOCIATED PRESS

Soaring gas prices and weakening job prospects left shoppers gloomier about the economy in May, sending a key barometer of consumer sentiment to its lowest level in almost 16 years.

* Stocks Higher After Home Sales and Consumer Data

By THE ASSOCIATED PRESS

Wall Street gained in uncertain trading as investors sifted through a government report that showed the first gain in new home sales in six months and a disappointing reading on consumer confidence.

* Investors Criticize French Bank Chief for Losses

By KATRIN BENNHOLD

At Société Générale’s annual meeting, several investors called for the resignation of the chairman, Daniel Bouton, and accused management of transforming the bank into a casino.

Today Reuters Headline on Metropolis Opinion

* Single-family home prices tumble in March

May 27, 2008 04:35 PM ET

WASHINGTON (Reuters) – Prices of U.S. single-family homes plunged a record 14.4 percent in March from a year earlier, while consumer confidence slumped to its lowest in 16 years in May as gasoline prices surged.

* Stocks end higher on tech, lower oil prices

May 27, 2008 04:12 PM ET

NEW YORK (Reuters) – Stocks ended higher on Tuesday, led by technology companies such as Apple Inc , as a sharp drop in crude oil prices rekindled hopes of increased consumer and business spending on tech gear.

* GM, Ford stock extend slide on dimming outlook

May 27, 2008 04:14 PM ET

DETROIT (Reuters) – Shares of General Motors Corp slumped to a 27-year low, while smaller rival Ford Motor Co hit a new six-week low on Tuesday as analysts warned the U.S. auto market could remain weak well into 2009.

* InBev weighs Anheuser bid but no talks yet

May 27, 2008 04:22 PM ET

BRUSSELS/PHILADELPHIA (Reuters) – InBev has not yet begun merger talks with Anheuser-Busch Cos Inc but is still weighing an acquisition of the U.S. brewer, a source familiar with the situation said on Tuesday.

* SocGen chairman booed over Kerviel affair

May 27, 2008 03:27 PM ET

PARIS (Reuters) – Angry shareholders booed the chairman of Societe Generale on Tuesday and likened the French bank to a “casino” after it fell victim to the world’s biggest rogue trading scandal.

* Vodafone rings the changes with Sarin departure

May 27, 2008 11:35 AM ET

* LONDON (Reuters) – Arun Sarin, the chief executive who safeguarded Vodafone’s dominance among mobile operators by expanding into emerging markets, announced his departure on Tuesday, saying he had achieved all he had set out to do.
* Consumer confidence hits 16-year low in May

May 27, 2008 10:19 AM ET

NEW YORK (Reuters) – Consumer confidence plunged unexpectedly to its lowest in 16 years in May as rising gasoline costs and falling home prices made Americans nervous about the future, a survey released on Tuesday showed.

* Fed will not allow inflation to spiral: Yellen

May 27, 2008 03:43 PM ET

SAN FRANCISCO (Reuters) – The Federal Reserve will not repeat the policy mistakes of the 1970s by letting inflation spiral out of control, San Francisco Federal Reserve Bank President Janet Yellen said on Tuesday.

* Market for securing mobile devices yet to take off

May 27, 2008 01:40 PM ET

BOSTON (Reuters) – The market for software to protect mobile devices such as smartphones has yet to take off despite brisk sales of devices such as Research in Motion Ltd’s BlackBerry and Apple Inc’s iPhone.

* Bernstein cuts Lehman, Goldman, M.Stanley earnings view

May 27, 2008 12:03 PM ET

(Reuters) – Sanford C. Bernstein slashed its earnings outlook for Lehman Brothers Holdings Inc , Goldman Sachs Group Inc and Morgan Stanley to reflect weaker fixed income sales and trading results, and a tough investment banking environment.