General Growth Properties Inc., the No. 2 mall operator in the United States, has warned that an ongoing slump in retail sales,  combined with the credit market lockdown, has pushed the company to the brink of bankruptcy. The company operates more than 200 malls — including the Paramus Park Mall in New Jersey, Cumberland Mall in Atlanta, Water Tower Place in Chicago and the Glendale Galleria in California — in 44 states. This is very scary! There doesn’t ever seem to be any good news from our economy, let hope this all changes in January when the administration changes.

Via: CNN