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For those of you who remember Watergate, John Dean, the President’s counsel, famously warned President Nixon about Watergate, describing it as, quote, “a cancer on the Presidency.” That is a pretty good phrase to describe our economic mess.
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Failing the AIDS Test - Lucianne.com
Our Country Is Failing the AIDS Test Washington Post, by Sanford E. Kuvin Original Article Posted By: Pluperfect , 12/1/2008 4:53:28 AM AIDS remains the world's No. 1 health threat and in the United States is a grave risk to black people in ...
Your say: will the rate cut mean a happy Christmas? - ninemsn
The Reserve Bank has delivered an early Christmas present to homeowners by cutting official interest rates by 1 percent, taking the cash rate to its lowest since December 2001. A 100 basis point cut shaves $221 off the monthly repayment on a $350,000 ...
RBA cuts cash rate by 100 bps to 4.25% - ninemsn
The Reserve Bank of Australia (RBA) has cut official interest rates by 100 basis points to the lowest level in six and a half years, amid signs of a significant moderation in domestic demand. The central bank on Tuesday lowered the cash rate to 4.25 ...
Australia retail sales rise no bar to sharp rate cut - Guardian Unlimited
SYDNEY, Dec 2 (Reuters) - Australia's retail sales staged a surprising bounce in October even in the teeth of global market chaos, but so grim was the outlook abroad that investors still counted on a sharp cut in interest rates later on Tuesday. The ...
FACTBOX-Beyond rate cuts: Other Fed tools against downturn - Reuters
* The Fed could purchase longer-term securities issued by the Treasury or government-sponsored mortgage enterprises on the open market in substantial quantities. "This approach might influence the yields on these securities, thus helping to spur ...
PSO cuts ratepayers? fuel charge by about 18% - Journal Record
OKLAHOMA CITY ? Public Service Company of Oklahoma is slashing the fuel charge on ratepayers? bills by about 18 percent to reflect tumbling natural gas prices. PSO officials noted the fuel adjustment more than offsets the 11-percent rate increase ...
Dow plunges on news recession began in Dec. 2007 - Guardian Unlimited
AP Economics Writers= WASHINGTON (AP) - Most Americans sorely knew it already, but now it's official: The country is in a recession, and it's getting worse. Wall Street convulsed at the news — and a fresh batch of bad economic reports ...
South Korea says may cut 2009 growth forecast - FXStreet.com
SEOUL, Dec 2 (Reuters) - South Korea said on Tuesday it may need to lower its 4 percent economic growth forecast for next year amid a global recession, stoking fresh speculation for an aggressive interest rate cut by the central bank next week. A ...
Reserve Bank of Australia cuts rates 1 pc to 4.25pc - New Zealand Herald
SYDNEY - Australian central bank has cut its key interest rate by 1 full percentage point to 4.25 per cent to fight the economic slump. The Reserve Bank of New Zealand is setting the Official Cash Rate this Thursday, December 04. It is also expected ...
Fed Signals More Action as Slump Drags On - Wall Street Journal
The National Bureau of Economic Research said Monday that America entered recession in December 2007. Mr. Bernanke flagged the likelihood of further relief for the sagging economy at a speech in Austin, Texas. More reductions in short-term interest ...
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