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NYT: Obama opts out of economic summit - The New York Times- msnbc.comThe world is waiting for President-elect Barack Obama , and some of its most prominent leaders are flying into the United States this weekend clamoring to meet with him. But they will have to keep on waiting. The leaders of 19 foreign powers, including Britain, France, Germany, Russia and China, ...
Lesley Rockafellow Webster
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13 months ago
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Banks Mergers - Deal Making Surpasses $3 Trillion - Wall Street JournalWhile the financial crisis is spreading all over the world, affecting hundreds of millions of families ... While the US and UK governments are asking for help from China and others ... Bailout funds are been used for Excecutives Bonus and Mergers. Just great.Giorgio Bertini added to Presidential Election 2008 13 months ago
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Fed cuts rates 1/2 point, China also cuts | ReutersThe U.S. Federal Reserve cut interest rates by half a percentage points on Wednesday, joining a new round of global cuts kicked off by China as policy-makers try to soften the world's economic downturn. The move was in line with most analysts' forecasts and left U.S. stocks lower immediately ...
JDP
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13 months ago
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BBC NEWS | The Reporters | Gavin HewittVisit BBC News for up-to-the-minute news, breaking news, video, audio and feature stories. BBC News provides trusted World and UK news as well as local and regional perspectives. Also entertainment, business, science, technology and health news.
ben
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13 months ago
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1Merchants and punters cry foul over Verified by Visa • The Register"Resistance is futile". This business virus has already spread to much of the UK and may be "going around the world" soon. Like many other credit card "agreements", it appears to be heavily tilted in favor of the business / banks and against consumers. It's security is suspect - especially in ...JDP added to Presidential Election 2008 13 months ago
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Central bankers' pay sheds harsh light on bonus culture | ReutersGovernments threatening to cap the pay of bank bosses in retribution for the financial crisis might be better off linking their earnings to the more humble salaries of the central bankers now cleaning up the mess. Multi-million dollar bonuses and lavish perks were the norm for bank executives ...
JDP
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13 months ago
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United Kingdom: News & Videos about United Kingdom - CNN.comPolice have quizzed staff working for David and Victoria Beckham amid reports that stolen items belonging to the celebrity couple have appeared on an online auction, UK media report.Twine added 14 months ago
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Commentary: Why there's a crisis -- and how to stop it - CNN.comThe credit crisis reflects something more fundamental than a serious problem of mortgage defaults. Global investors, now on the sidelines, have declared a buyers' strike against the sophisticated paper assets of securitization that financial institutions use to measure and offload risk. In ...
JDP
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14 months ago
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G7 pledges united response but rifts emerge - World business- msnbc.comFinance leaders from the world's rich nations pledged a coordinated response to the credit crisis on Friday but stopped short of backing a British plan to guarantee lending between banks.Faced with the threat of a global recession and panicky financial markets, Group of Seven members ...
JDP
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14 months ago
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How authorization to recapitalize banks via public capital injections (“partial nationalization”) was introduced - indirectly through the back door - into the TARP legislation - Nouriel Roubini's Global EconoMonitorFor a number of weeks professional economists and experts of banking crises have been arguing that the proper way to resolve a banking crisis is not to buy toxic assets but rather to recapitalize banks directly via injections of public capital (in the form of preferred shares) into distressed ...
Giorgio Bertini
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14 months ago