Monday, 06 October 2008
No one can yet know when the world economy will reach its low point and begin what may be a long climb to recovery. In the past week we have seen a couple of political events that have already proved not to be turning points: the summit meeting in Paris and the passage of the Paulson plan through Congress. These were no more than village halts on the railroad to depression. However, we do know when the last global banking crisis was turned round, when confidence started to recover. Indeed, the Great Depression has precise dates for its beginning, which was the Wall Street panic on October 24,...
photo: AP / Chris Carlson
Palin pulls terrorist card on Obama
Arab News
Arab News
Barbara Ferguson | Arab News WASHINGTON: Republican vice presidential nominee Sarah Palin accused Democratic candidate Barack Obama over the weekend of "palling around with...
U.S. stock markets: Investors relieved - but nervous
CNN
CNN
Investors relieved - but nervous Wall Street got the bailout it was hoping for. But traders are uneasy and stock markets figure to be choppy this week. | | | RSS Paste this link...
Answer Desk: Why not arrest CEOs?
MSNBC
MSNBC
And what's in the bailout package for homeowners facing foreclosure?By John W. SchoenSenior producerMSNBC The government's historic $700 billion plan to rescue the creaking...
Big City America
The Times
The Times
They have a month. Senators John McCain and Barack Obama have four weeks and a day in which to persuade US voters to send them to the White House. In that time each candidate will...
Something Borrowed
The Times
The Times
If the age of irresponsibility is yielding to the age of austerity, it is not clear that the political class has understood yet. Gordon Brown and David Cameron both made a claim to...
German coalition agrees hike in healthcare tax
The Guardian
The Guardian
BERLIN, Oct 5 (Reuters) - Top officials in Germany's ruling coalition on Sunday agreed to increase mandatory contributions to state healthcare providers and offset the extra burden...
Modest job growth expected for September
Globe and Mail
Globe and Mail
The Canadian economy is expected to post modest job growth for September amid the turmoil in financial markets, but trouble lies ahead as the United States appears headed for a...
