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October 09, 2008 |
US debt clock runs out of digits
BBC (UK)
The US government's debts have ballooned so badly the National Debt Clock in New York has run out of digits to record the spiralling figure. |
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October 07, 2008 |
2008: Worst DJIA crash since 1937
Bloomberg
U.S. stocks fell, sending the Standard & Poor's 500 Index below 1,000 for the first time since 2003, on speculation banks and real-estate companies are running short of money as the credit crisis worsens. |
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October 07, 2008 |
"We want a new world to come out of this"
Bloomberg
The credit crunch deepened in Europe as government leaders pledged to bail out troubled banks and protect depositors. |
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October 07, 2008 |
Iceland teeters on the brink of bankruptcy
Washington Post
This volcanic island near the Arctic Circle is on the brink of becoming the first "national bankruptcy" of the global financial meltdown. |
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October 06, 2008 |
Panic engulfs global stock markets
Breitbnart.com
World markets suffered massive losses Monday, striking four-year lows, as panic-stricken investors doubted whether a Wall Street bailout package would stem the global financial crisis. |
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October 06, 2008 |
"We risk a disintegration of global finance within days"
Telegraph (UK)
We face extreme danger. Unless there is immediate intervention on every front by all the major powers acting in concert, we risk a disintegration of global finance within days. Nobody will be spared, unless they own gold bars. |
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October 06, 2008 |
Commodities R.I.P. as Leverage Vanishes, Growth Slows
Bloomberg
Commodities markets are heading for the biggest annual decline since 2001 as investors exit leveraged bets and slowing economic growth erodes demand for raw materials. |
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October 06, 2008 |
S&P: most dividend cuts in 50 years
CNNMoney
Dividend cuts in the third quarter took $22.5 billion out of the pockets of investors during what one Standard & Poor's analyst called the worst September for dividends in more than 50 years. |
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October 03, 2008 |
French PM says world 'on edge of abyss'
Reuters
French Prime Minister Francois Fillon said on Friday the world stood on the "edge of the abyss", gripped by a global financial crisis now threatening industry, trade and jobs worldwide. |
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October 02, 2008 |
Credit freeze deepens after Senate bailout vote
Bloomberg
Interest rates on three-month dollar loans rose to the highest since January, short-term corporate borrowing fell by the most ever and high-yield loans tumbled, exacerbating the credit freeze that's paralyzing business around the world. |
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