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Ben Bernanke

Global finance ministers seek to calm economies

Global finance ministers kept searching for ways to tackle the unfolding financial crisis, turning their attention to its effects on rapidly developing countries and poor nations at risk of being swept up in the turmoil.

Finance Ministers Seek to Calm Markets

President Bush, global finance ministers talk of unity as they try calm financial markets By HARRY DUNPHY Associated Press Writer WASHINGTON October 12, 2008 (AP) President Bush, left, makes a statement in the Rose Garden of...

Bush, allies seek to calm jittery investors

President Bush and financial leaders from nations rich and poor pledged Saturday to intensify their efforts to unblock a frozen financial system before it does more damage to an increasingly shaky global economy. While there...

World's Financial Leaders Vow to Unite

WASHINGTON -- President Bush and the world's financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating...

History shows investors in stocks can bounce back in worst of times

Let's deal with your worst fantasies: the "D" word. Some people have bandied it about — the prospect that perhaps this is the big one, the 100-year-flood in the stock market, or another depression. The idea is not to say it...

Leaders pledge co-operation to deal with credit crisis

Global finance leaders are pledging co-operation between rich and poor nations to deal with a severe credit crisis after U.S. President George W. Bush discussed the seriousness of the current situation.

You asked for fiction

As the golden sunlight of a late Michigan afternoon poured into Bob’s neat but modest home in one of the oldest residential sections of Detroit, he smugly sank back in his leather recliner. Life had never been so good. Oh, the...

The Great Disruption hits Puget Sound hard

An entire business model that increasingly powered the American economy has collapsed. It was dependent not only on little understood financial schemes but also on mergers — instead of capitalizing companies that actually made...

Greenspan's legacy questioned amid crisis

George Soros, the prominent financier, avoids using the financial contracts known as derivatives “because we don't really understand how they work.” Felix Rohatyn, the investment banker who saved New York from financial...

U.S. rescue relies on other nations

China, Japan, Saudi Arabia among countries taking on America’s debt By JOHN SCHMID jschmid@journalsentinel.com As fear turned to panic on Wall Street, the federal government rushed out a string of programs to prop up the...

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