Brazil does bailouts too!

Not quite a bailout actually, it's a sovereign wealth fund signed into law. But another nation's government is taking a very active role in trying to protecting itself from the global economic turmoil. Let's hope Lula invests wisely...

China's Aircraft Carrier Plans

China has zero and the US has eleven, but China looking to build an aircraft carrier wouldn't exactly ease tensions over Taiwan. Hope you can find some holiday cheer somewhere else this week. Merry Christmas!

Plus Minus

Brazil did alright this year but growth could slow to half speed next year, the AP reports. Everyone is feeling the crunch and this country is no different.

Cut Happy

China cut interest rates again, in wake of the record Fed cut. Hopefully this isn't another case of too little, too late. The Hang Seng was off more than 3 percent today.