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June 30, 2008 |
BIS says global downturn could be 'deeper and more protracted' than expected
Miscellaneous
The downturn in the world economy could be deeper and more protracted than expected as a result of the ongoing turmoil in financial markets, the Bank for International Settlements said. |
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June 27, 2008 |
Fed saved Bear to avert 'contagion'
Associated Press
The Federal Reserve scrambled to avert an "expected contagion" that risked infecting the nation's financial system when its took unprecedented actions in mid-March to provide financial backing to a Bear Stearns rescue package and provide emergency loans to big Wall Street firms. |
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June 27, 2008 |
Barclays warns of a financial storm as Federal Reserve's credibility crumbles
Telegraph (UK)
Barclays Capital has advised clients to batten down the hatches for a worldwide financial storm, warning that the US Federal Reserve has allowed the inflation genie out of the bottle and let its credibility fall "below zero". |
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June 26, 2008 |
Kohn: Food, fuel highs are temporary
CNNMoney
Growing economies could contain inflation by curbing their appetite for commodities, the vice chairman of the Federal Reserve said in a speech Thursday. |
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June 25, 2008 |
Hindus pray for Obama's success, donate idol
Miscellaneous
Democratic presidential candidate Barack Obama can now expect help from an unexpected quarter — Lord Hanuman. |
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June 25, 2008 |
Banned: Criticising Islam at U.N. Human Rights Council
Miscellaneous
The war against free speech is advancing rapidly: Associated Press reported Thursday that “Muslim countries have won a battle to prevent Islam from being criticised during debates by the UN Human Rights Council.” Council President Doru-Romulus Costea explained that religious issues can be “very complex, very sensitive and very intense…This council is not prepared to discuss religious matters in depth, consequently we should not do it.” Henceforth only religious scholars would be permitted to broach them. |
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June 19, 2008 |
'Global warming' scheme to push global tax
Worldnet Daily
A scientist whose reservations about "global warming" have been officially endorsed by tens of thousands of other scientists is accusing the U.N. of using "mob rule" to generate fear-mongering climate change reports intended to scare national leaders into submitting to its worldwide taxation schemes. |
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June 16, 2008 |
RBS issues global stock and credit crash alert
Telegraph (UK)
The Royal Bank of Scotland has advised clients to brace for a full-fledged crash in global stock and credit markets over the next three months as inflation paralyses the major central banks. |
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June 16, 2008 |
Paulson & Co. Says Writedowns May Reach $1.3 Trillion
Bloomberg
John Paulson, founder of the hedge fund company Paulson & Co., said global writedowns and losses from the credit crisis may reach $1.3 trillion, exceeding the International Monetary Fund's $945 billion estimate. |
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June 10, 2008 |
UK Financial Institutions headlong into Islamic Banking
Miscellaneous
Malaysia's Islamic banking system has attracted the interest of financial institutions in Britain which are keen to start operations in the country and expand their activities. |
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