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November 08, 2008 |
Zoellick sees need to 'modernize' global finance system
Miscellaneous
With the global economy entering a "danger zone," key officials are nearing a consensus on the need to revamp the financial system, World Bank President Robert Zoellick said Saturday. |
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November 06, 2008 |
Tax Hikes, Budget Cuts In The Works For NYC
Miscellaneous
Mayor Michael Bloomberg is going to cut the city work force by 3,000, but that's just the beginning of the pain New Yorkers will feel as part of the fiscal crisis. A slew of new taxes are also on the agenda. |
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November 06, 2008 |
Deflation: the new threat
Fortune Magazine
Forget about inflation. The opposite threat - deflation - is what has policymakers sweating now. |
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November 05, 2008 |
US treasury sells bail-out bonds
BBC (UK)
The United States government plans to sell bonds worth $55bn (£34bn) in an effort to finance its bank rescue programme. |
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October 26, 2008 |
Treasury looking to Islamic banking to help with crisis?
Arab News
The US government is currently studying the salient features of Islamic banking to ascertain how far it could be useful in fighting the ongoing world economic crisis, Robert M. Kimmitt, US deputy secretary of the Treasury, said at a press conference held at the US Embassy here yesterday. |
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October 10, 2008 |
All eyes turn to world leaders
CNNMoney
The Federal Reserve and Treasury Department haven't been able to stop the panic gripping U.S. financial markets. |
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October 10, 2008 |
G-7 Officials Say No `Harmonized' Response to Credit Crisis
Bloomberg
Finance ministers and central bankers from the Group of Seven nations signaled reluctance to adopt a coordinated effort to shore up banks, risking a deeper crisis of confidence after this week's global stocks crash. |
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October 10, 2008 |
Berlusconi says markets may be shut
Financial Post
Italian Prime Minister Silvio Berlusconi said governments may shut financial markets as the credit freeze pummels stocks and threatens a global recession. |
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October 10, 2008 |
White House says "No" to Berlusconi
Miscellaneous
White House spokesman Tony Fratto said the U.S. has no plans to close the financial markets.
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October 09, 2008 |
For states, it's a 'worst-case scenario'
CNNMoney
States and municipalities are facing their worst budget crunches in decades - and it's only going to get worse. |
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