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Fed, central banks cut rates to aid world economy

Posted by socker 1327 days ago, popular 1326 days ago (http://news.yahoo.com)
Category: Economy | Tags: bank economy fed world
In a rare coordinated move, the Federal Reserve and other major central banks from around the world slashed interest rates Wednesday to prevent a mus[...] read more »
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McCain Touts eBay's Whitman as Treasury Secretary During Debate

Posted by scotsworth788 1327 days ago, popular 1327 days ago (http://blog.auctionbytes.com)
Category: Economy | Tags: debate ebay economy money treasury
Only ten minutes into the US Presidential debates Tuesday evening, Republican candidate John McCain mentioned former eBay CEO Meg Whitman. Moderator [...] read more »
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A debate for sobering times

Posted by scotsworth788 1327 days ago, popular 1327 days ago (http://www.salon.com)
Category: Economy | Tags: debate economy ireland mccain
With the economy nose-diving, McCain did not achieve the surge he needed, while Obama looked masterly as the candidate of reassurance. read more »
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Bailing out the Bailouts

Posted by thekritz 1329 days ago, popular 1328 days ago (http://norris.blogs.nytimes.com)
Category: Economy | Tags: bailout banks europe
As the title implies, global government bailouts have proven so inept and pathetic that the bailouts now need to be bailed out. Specifically, A week[...] read more »
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Obama Camp: John McCain And The Making Of A Financial Crisis

Posted by sunnyspeaks 1329 days ago, popular 1328 days ago (http://www.huffingtonpost.com)
Category: Economy | Tags: barack obama finance john mccain
The Obama campaign, in an effort to combat increasingly negative attacks by the McCain camp, is launching an aggressive, multi-pronged effort to high[...] read more »
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European Crisis Deepens; Officials Vow to Save Banks

Posted by neophyteblogger 1329 days ago, popular 1329 days ago (http://www.bloomberg.com)
Category: Economy | Tags: bnp paribas
The global credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors. BNP Paribas SA will take[...] read more »
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Citigroup Girds for Wachovia Takeover Battle With Wells Fargo

Posted by sumib 1331 days ago, popular 1329 days ago (http://www.bloomberg.com)
Category: Economy | Tags: citigroup wachovia
Citigroup Inc., hobbled by $61 billion of subprime-related losses, now faces its biggest takeover battle in a fight with Wells Fargo & Co. for contro[...] read more »
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California officials hope for easing of credit crunch

Posted by neophyteblogger 1331 days ago, popular 1330 days ago (http://www.latimes.com)
Category: Economy | Tags: california bailout
With the bailout approved, the state is hoping it can sell bonds rather than have to appeal to the U.S. for a $7-billion loan. But there are few sign[...] read more »
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U.S. loses 159,000 jobs in September, worst one-month drop in five years

Posted by sumib 1331 days ago, popular 1330 days ago (http://www.latimes.com)
Category: Economy | Tags: us unemployment
Economists say the accelerating pace of unemployment, combined with the most severe credit crisis since the Great Depression, makes the label of 're[...] read more »
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Vulture investors come home to roost

Posted by deborah 1333 days ago, popular 1333 days ago (http://www.marketwatch.com)
Category: Economy | Tags: finance fund investment
These so-called vulture investors prey on Wall Street's damaged goods, hoping to profit from the high-yield bonds or the stock of a company that is [...] read more »
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Bush, other bailout supporters push for House approval

Posted by neophyteblogger 1333 days ago, popular 1333 days ago (http://www.usatoday.com)
Category: Economy | Tags: bush bailout
With the House expected to try again Friday to pass a financial rescue package, President Bush and other supporters are lobbying Thursday for the vot[...] read more »
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Hedge funds plead with U.S. SEC to let short ban expire

Posted by neophyteblogger 1333 days ago, popular 1333 days ago (http://www.reuters.com)
Category: Economy | Tags: hedge funds hedge funds usa
Lobbyists for the $2 trillion (1.2 trillion pounds) hedge fund industry made a last ditch effort on Wednesday to convince U.S. securities regulators [...] read more »
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Jobless claims at 7-year high

Posted by neophyteblogger 1333 days ago, popular 1333 days ago (http://money.cnn.com)
Category: Economy | Tags: dept of labor jobless americans
The number of out-of-work Americans filing new claims for unemployment insurance rose last week to a 7-year high, according to a government report re[...] read more »
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Senate Vote Gives Bailout Plan New Life

Posted by longdongsilver 1333 days ago, popular 1333 days ago (http://online.wsj.com)
Category: Economy | Tags: bailout meltdown politics
The Senate handily passed a controversial financial rescue package Wednesday, giving the bill its first legislative victory but adding provisions...[...] read more »
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Auto sales plunge as credit crunch hits

Posted by sumib 1333 days ago, popular 1333 days ago (http://www.reuters.com)
Category: Economy | Tags: auto sales us economy crisis
Major automakers reported plunging U.S. sales for September -- led by a 34 percent slide at Ford Motor Co -- as an escalating credit crisis hit the s[...] read more »
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