News Stories Related To: Global Economy Withers as Bush Administration Dithers
By: MarcusCato 
According to the New York Times, the Bush Administration has lost valuable time in coming to grips with the American financial crisis for ideological reasons. The rot started when...
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Reported by MarcusCato
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- News Source: The Daily Telegraph | about 1 year agoIn Paris the CAC 40, which yesterday gained more than 11 per cent, added 2.75 per cent to finish at 3628.52 points. The Frankfurt Dax, which had also eclipsed 11 per cent yesterday, finished at 5199.19, a gain of 2.70 per cent
- News Source: Herald Net | about 1 year agoEuropean stock markets enjoyed their second straight day of solid gains Tuesday following a record rise in Japan, while Wall Street forged higher on the U.S. government's plan to pump $250 billion into banks and shore up the country's financial...
- News Source: International Herald Tribune | about 1 year agoOn Tuesday, the so-called Ted spread, the gap between yields on safe three-month United States government securities and the rate that banks charge each other for loans of the same duration, slipped 1 point to 4.56 percentage points, indicating a...
- News Source: Novinite | about 1 year agoThe US Treasury Department disclosed on Tuesday a plan to bring in USD 250 B into struggling US banks in order to deal with the credit crisis that could lead to a global economy recession. According to the plan, the government is going to spend USD...
- News Source: Daily Mail & Guardian | about 1 year agoThe United States pledged on Tuesday to pump $250-billion into its banks, following similar action in Europe, but data showed the threat of recession has not been banished even if a financial-sector meltdown has. In Europe, major economies showed...
- News Source: The Examiner | about 1 year agoStock markets in Europe and Asia rose strongly for a second straight day Tuesday after Wall Street rallied from its worst week ever on mounting evidence that government attempts to shore up the world's battered financial system are beginning to thaw...
- News Source: Merced Sun-Star | about 1 year agoWall Street was gearing up for another surge higher Tuesday following the Dow Jones industrial average's historic 936-point jump, with investors encouraged by the U.S. government's plans to spend $250 billion on private banks' stock. President Bush...
- News Source: Simi Valley - Moorpark Examiner | about 1 year agoStock markets in Europe and Asia rose strongly for a second straight day Tuesday after Wall Street rallied from its worst week ever on optimism about government attempts to shore up the world's battered financial system...The CAC-40 in France was 168.
- News Source: CNN | about 1 year agoStocks were poised for a positive start Tuesday, hoping to build on Monday's historic rally, as investors cheered the global response to the financial crisis and awaited further news about the U.S. plan. About four hours before the markets open, S&P...
- News Source: Voice of America | about 1 year agoMajor Asian and European markets are higher again Tuesday, as traders await to hear an economic development from the White House. U.S. government and financial industry officials say President George Bush is expected to announce that the government...
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