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Pressure grows on US to take bold steps on economy

WASHINGTON -- With panic tightening its grip on investors here and abroad, pressure was growing on the United States Tuesday to take further aggressive steps to stem the economic crisis and swiftly implement a $700 billion...

BBC presenter slams broadcaster for 'fawning' over royals (AFP)

LONDON (AFP) - A top BBC presenter, known for his aggressive interviews, slammed the publicly funded broadcaster Tuesday for "fawning" over Britain's royal family in its news coverage. Jeremy Paxman, who presents "Newsnight,"...

Fed to buy massive amounts of short-term debt

By JEANNINE AVERSA ; AP Economics Writer Published: October 7th, 2008 09:02 AM | Updated: October 7th, 2008 09:02 AM WASHINGTON -- Invoking Depression-era emergency powers, the Fed will buy commercial paper, a short-term...

NFC South: Panthers' Muhammad turning back the clock

Its beginning to look more and more like 2003 for the Carolina Panthers. The Panthers all-time leading receiver backed that effort up with a 47-yard touchdown connection with quarterback Jake Delhomme during last Sundays 34-0...

Saints CB Porter has surgery on wrist

Saints cornerback Tracy Porter needed surgery on what head coach Sean Payton described as a dislocated right wrist, but it was not clear Tuesday how long the rookie starter would be out. "He had a procedure to put it back in...

Fed to buy massive amounts of short-term debt

Rep. Elijah Cummings, D-Md., right, asks a question of Lehman Brothers Holdings Inc. Chief Executive Richard S. Fuld Jr., during a House Oversight and Government Reform Committee on Capitol Hill in Washington, Monday, Oct. 6,...

Fed minutes show policymakers saw balanced risks at Sept. meeting

By Martin Crutsinger, AP Economics Writer WASHINGTON — Even in the midst of a severe meltdown on Wall Street, Federal Reserve officials at their September meeting believed the risks from weaker growth and higher inflation were...

Wall Street crisis shows why market regulation is necessary

Almost everybody knowledgeable about the fiasco has concluded some degree of governmental regulatory oversight is a necessary adjunct to the ‘free market’ system. While the scope of the financial mess on Wall Street is still...

Bush Bulldozed Bailout Bill Through

Sold as an ‘emergency,’ bailout has become ‘hurry up And wait' By Danny Schechter Oct 7, 2008 On Tuesday the Nikkei stock index fell below 10,000 for the first time since 2003. Recall President Bush’s ultimatum to Saddam...

China Will Look to Rescue Itself, Not the U.S.

Getting China to open its coffers and clean up the financial mess the United States finds itself in will neither be easy nor likely. Going forward, China will become more cautious on its U.S. investments.

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