Back in August, Texas Gov. Rick Perry — a man who appeared to have a serious chance at becoming the next president — was saying his state would treat Ben Bernanke “pretty ugly” if he didn’t stop printing money. But Bernanke’s reception in front of the Senate Budget Committee was quite a bit, well, prettier. “I believe when history has been written, you will be a critical figure,” enthused Sen. Bill Nelson (D-Fla.). “Your role has been prominent in preventing the complete collapse of the financial system. For that I am grateful.” And Nelson wasn’t alone. The hearing quickly turned into a total Bernanke lovefest. Read full article > >

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A bipartisan Bernanke lovefest

A factory building has collapsed in the Pakistani city of Lahore, with many people including child workers feared trapped, officials say.

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VIDEO: Lahore factory collapses in gas blast

Former Royal Bank of Scotland chief executive Fred Goodwin, heavily criticised over the bank’s near collapse, loses his knighthood.

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Goodwin stripped of knighthood

Hopes are fading of finding more survivors after Wednesday’s building collapse in Rio de Janeiro killed at least 17 people, Brazilian officials say.

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Rio disaster survivor hopes fade

The British government’s so-called money transfers prop up its poorer regions, keeping them from the kind of collapse suffered in euro zone nations like Greece.

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The Welsh Economy Slips, but London Cushions the Fall

Saudi Arabia’s Gulf allies joined Riyadh on Tuesday in pulling out of an Arab League monitoring team to Syria, risking the collapse of a mission whose presence has not halted more than 10 months of violence.

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Gulf Arabs Quit Syria Monitoring Mission

With the next Republican primary in a state hard hit by the collapse of the housing bubble, free-market instincts collide with voters’ desperation.

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In Florida, Facing the Political Implications of Housing Crisis

Abortion provider Merle Hoffman called a news conference at the National Press Club on Tuesday morning to announce the results of an alarming new study she commissioned: Abortion rates have exploded since the economic collapse, she warned, as nearly three-quarters of women ending their pregnancies say they simply can’t afford to have a baby. Hoffman expanded on that trend to forecast a “dim future” for women if a Republican wins the White House: a world of abortion “slave states” and “underground railroads” and “pre-Roe reality.” Read full article > >

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Roe v. Wade’s greedy offspring

An earlier version of this article incorrectly reported that a U.S. intelligence official had described regime collapse as a goal of U.S. and other sanctions against Iran. An updated version clarifies the official’s remarks. Read full article > >

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Public ire one goal of Iran sanctions, U.S. official says

DURHAM, N.H. — The libertarian prophet of American decline arrived at the Granite State auditorium Friday evening with no fanfare and few bodyguards. “Dr. Paul?” said a man near the door, who in the past three years had gone from believing in Barack Obama to believing that the country is sliding toward total economic and social collapse. Christopher Way, 32, a technician for the event, held out a microphone to the man he hoped would become president. Read full article > >

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New Hampshire primary: A Ron Paul convert questions how to play a role in a future he sees as bleak

DURHAM, N.H. — The libertarian prophet of American decline arrived at the Granite State auditorium Friday evening with no fanfare and few bodyguards. “Dr. Paul?” said a man near the door, who in the past three years had gone from believing in Barack Obama to believing that the country is sliding toward total economic and social collapse. Christopher Way, 32, a technician for the event, held out a microphone to the man he hoped would become president. Read full article > >

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New Hampshire primary: A Ron Paul convert questions how to play a role in a future he sees as bleak

There has been a ‘seismic collapse’ in private sector pensions, with nine out of 10 defined benefit schemes closed to new entrants, a report warns.

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Private sector pension ‘collapse’

Companies that were granted stock options after the 2008 stock market collapse are benefiting from those awards too — in the form of tax savings.

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But Nobody Pays That : Tax Breaks From Options a Windfall for Businesses

The Magpies will focus on buying a defender rather than a striker in January following the collapse of Modibo Maiga’s move to Tyneside.

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Newcastle abandon striker search

Technically, the financial crisis began in late 2008, with the collapse of Bear Stearns and Lehman Brothers. But 2009 was the year we really felt it. It was in 2009 that we lost more than 5 million jobs — the majority of the total job losses caused by the recession. By 2010, we seemed to turn the corner. The economy added more than a million jobs. Growth returned. The financial markets stabilized. Many forecasters looked to 2011 with real optimism. Read full article > >

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2011, the year of the aftershocks