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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- News Source: EU Observer | about 1 year agoAn unprecedented extraordinary meeting of eurozone leaders in Paris has given the green light to a set of synchronised moves by member states to boost confidence in the financial sector and save failing banks with public money. "We cannot have a...
- News Source: Taiwan News | about 1 year agoWith world financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the banking system up and running. It's a daunting task, putting together what will be one of the world's largest...
- News Source: Times Online | about 1 year agoMitsubishi UFJ, the Japanese banking giant that had planned to sink $9 billion (£5.3 billion) into Morgan Stanley on Monday, is understood to have begun an eleventh-hour internal review of the deal and may seek to renegotiate some of the terms...
- News Source: The Age | about 1 year agoInvestors still were agonising over frozen credit markets, but seven days of massive losses and the possibility of further government support for the markets tempted some investors late in the session...The Standard & Poor's 500 index fell 10.70 or 1.
- News Source: The independent | about 1 year agoEuropean leaders hoped to agree on a detailed plan in Paris on today to prevent market panic and stave off what the International Monetary Fund warned could be a global financial meltdown. In Britain, banks were in crisis talks with the government...
- News Source: Voice of America | about 1 year agoPresident George Bush and some of world's top financial leaders are repeating pledges of unity in their battle to restore stability and growth to the global economy. Mr. Bush held a White House meeting Saturday with finance ministers from the Group...
- News Source: Houston Chronicle | about 1 year agoAs international leaders gathered here on Saturday to grapple with the global financial crisis, the Bush administration embarked on an overhaul of its own strategy for rescuing the foundering financial system. Two weeks after persuading Congress to...
- News Source: Sydney Morning Herald | about 1 year agoChina will boost domestic demand to sustain the nation's ``fast and stable'' economic growth, central bank Deputy Governor Yi Gang said. ``Despite the negative shocks of the financial crisis, China will accelerate transformation of the growth model,...
- News Source: The independent | about 1 year agoIt took centuries to build sophisticated free-market economies, but this weekend, it looks like it may have only taken one week for it all to unwind. Not only have stock markets fallen to their lowest levels for decades, but, more than that, the...
- News Source: Zawya Regional | about 1 year agoThe Saudi stock market, the largest in the Arab world, dived almost six percent to a four-year low on the week's opening day Saturday as leading industrial nations met to tackle a global financial crisis...Fourteen of the market's 15 sectors fell,...
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