MIAMI HERALD-The boom times are over for South Florida's young roster of ultra-luxury hotels. A global slowdown could show whether the region has put too much stock in wealthy travelers.
-South Florida home prices tumble 16.9 percent
NEW YORK TIMES-Let Detroit Go Bankrupt- "General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed".
-"The GM CEO just arrived in DC on one of the corporate jets at a cost of $20,000.00 for the flight. He went there to ask for a taxpayer bailout".
MOODY'S-Real Estate: The area surrounding San Bernardino had a 39 percent fall, Sacramento saw a 37 percent decline and San Diego was third with a 36 percent drop.
WASHINGTON POST-Consumer prices and housing starts fell in October at record rates not seen since the 1940s, 1950s.
CNBC-The Dow Jones Industrial Average is set to sink to 6,400 within the next few weeks, Nicole Elliott, technical analyst at Mizuho Corporate Bank told CNBC.
Chicago Tribune Chicago's commercial real estate climate may soon grow colder as companies consolidate, space needs decline.
Chicago Prepares For Mass Layoffs: Mayor Daley
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