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June 08, 2008 |
NY Fed chief urges global bank framework
Financial Times
Banks and investment banks whose health is crucial to the global financial system should operate under a unified regulatory framework with “appropriate requirements for capital and liquidity”, according to Timothy Geithner, president of the Federal Reserve Bank of New York. |
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June 06, 2008 |
Aiding and abetting
Washington Times
The export of sensitive equipment and security expertise to Communist China's military and police in advance of the 2008 Olympics is the latest sign of a new and troubling acquiescence in recent Bush administration policy toward Beijing. |
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June 05, 2008 |
Revealed: Secret plan to keep Iraq under US control
The Independent (UK)
A secret deal being negotiated in Baghdad would perpetuate the American military occupation of Iraq indefinitely, regardless of the outcome of the US presidential election in November. |
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June 05, 2008 |
Homes in foreclosure top 1 million
CNNMoney
More than one million homes are now in foreclosure according to a trade group report that detailed the worsening housing crisis. |
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June 05, 2008 |
Americans $1.7 trillion poorer
CNNMoney
Americans saw their net worth decline by $1.7 trillion in the first quarter - the biggest drop since 2002 - as declines in home values and the stock market ravaged their holdings. |
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June 05, 2008 |
Water crisis to be biggest world risk
Telegraph (UK)
A catastrophic water shortage could prove an even bigger threat to mankind this century than soaring food prices and the relentless exhaustion of energy reserves, according to a panel of global experts at the Goldman Sachs "Top Five Risks" conference. |
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June 04, 2008 |
Global economic outlook slashed
CNNMoney
The Organization for Economic Cooperation and Development foresees several quarters of weak growth for most of its 30 members, which include the U.S., Japan, and several European countries, and cut its economic growth outlook through next year on Wednesday. |
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June 04, 2008 |
CEO declares 'depression' in housing
CNNMoney
The chief executive of Toll Brothers Inc., the nation's largest luxury-home builder, said Wednesday the housing industry is in a "depression" and any recovery could be two or three years away. |
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June 04, 2008 |
Shari'a-Compliant Finance Becoming Viable Part Of Global Banking
RadioFreeEurope
The rise in the price of oil in recent years has meant a windfall of revenue for the oil-rich Middle East. This infusion of petrodollars has led some of the world's wealthiest Muslims to search for new ways to manage their wealth, investment opportunities that are consistent with the teachings of the Koran. |
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June 03, 2008 |
Global trade talks at risk of failing before deadline
Int'l Herald Tribune
The halt in discussions to reduce industrial tariffs could block a crucial stage of negotiations with a goal of striking an agreement between opening markets in agriculture and in manufactured products. |
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