Deepening finance crisis causes global market panic
PARIS (AFP) - Desperate new measures by governments in Europe and North America to stabilise the financial system failed to stop panic selling that swept global markets Monday amid deepening gloom at the scope of the banking crisis.
Nations:France Germany Luxembourg Portugal Denmark Brazil People:Nicolas Sarkozy Gordon Brown George W. Bush Activities:2007 Global Credit Crunch U.S. Markets
2008-10-06
U.S. calls for unity as crisis wrecks markets
NEW YORK (Reuters) - Governments and central banks around the world grasped at measures to contain the fast-spreading financial crisis on Monday but global stocks still plummeted as investors bet a recession was inevitable.
Nations:Luxembourg Germany France Denmark Brazil Italy People:Nicolas Sarkozy Henry Paulson George W. Bush Activities:2008 Wachovia Deal 2007 Global Credit Crunch
2008-10-06
US Congress to vote on $700 billion Wall Street bailout
WASHINGTON (AFP) - US lawmakers agreed a 700-billion-dollar bailout for debt-stricken Wall Street banks and sent the legislation aiming to stem the US financial crisis for Congress to start voting on Monday.
People:John Boehner Nancy Pelosi Barack Obama John McCain George W. Bush Activities:2008 U.S. Financial Rescue 110th Congress
2008-09-29
Bush tells Congress to stop bickering, agree deal
WASHINGTON (AFP) - US President George W. Bush urged lawmakers Friday to set aside differences and swiftly pass a huge rescue plan to pull the rattled financial sector back from the brink of collapse.
People:Nancy Pelosi Ben Bernanke Barack Obama John McCain George W. Bush Activities:2008 U.S. Financial Rescue 110th Congress
2008-09-26
McCain blamed as US economic rescue deal staggers
WASHINGTON, (AFP) - Top Democrats angrily accused Republican White House contender John McCain of sabotaging an astronomically expensive deal to bail out Wall Street and shore up the US economy.
Nations:U.S. People:John McCain Richard Shelby Christopher Dodd Henry Paulson Harry Reid Ben Bernanke Activities:2008 U.S. Financial Rescue 110th Congress US Election 2008
2008-09-25
Bush warns of long recession without rescue plan
WASHINGTON - President Bush on Wednesday warned Americans and lawmakers reluctant to pass a $700 billion financial rescue plan that failing to act fast risks wiping out retirement savings, rising foreclosures, lost jobs and closed businesses. "Our entire economy is in danger," he said.
Nations:U.S. People:Henry Paulson Ben Bernanke Barack Obama John McCain George W. Bush Activities:2008 U.S. Financial Rescue 2008 U.S. Recession Bush Admin. 2005 Hurricane Katrina
2008-09-24
New polls give Obama economic edge
SAGINAW, Michigan (AFP) - A flurry of new polls in vital White House battlegrounds Tuesday showed Democrat Barack Obama getting a clear boost from the financial crisis as voters blame Republicans for the meltdown.
Nations:U.S. People:Sarah Palin Hamid Karzai Henry Paulson Joseph Biden Barack Obama John McCain Activities:2008 U.S. Financial Rescue US Election 2008
2008-09-23
Bush seeks to assure leaders about bailout plan
NEW YORK - President Bush sought to assure anxious world leaders on Monday that the United States is taking "bold, aggressive, decisive action" to rescue the crisis-ridden economy with a $700 billion bailout package.
Nations:North Korea Pakistan Russia Afghanistan U.S. People:George W. Bush Activities:2008 U.S. Financial Rescue Bush Admin. Source:(AP)
2008-09-22
Fed confirms 85 bln rescue loan for AIG
WASHINGTON (AFP) - The US Federal Reserve announced an unprecedented rescue loan of up to 85 billion dollars to save insurance giant American International Group from bankruptcy amid fears of a catastrophic effect on financial markets.
People:George W. Bush Activities:2008 AIG Crisis Source:(AFP)
2008-09-16
Hurricane Ike closing in on Texas coast, Houston
GALVESTON, Texas (Reuters) - Hundreds of thousands of people fled coastal areas in the path of Hurricane Ike on Friday as the storm gathered strength on a collision course with the Texas Gulf Coast, threatening to swamp populous areas around Houston under a massive wave of water.
Nations:U.S. People:George W. Bush Activities:2008 Hurricane Ike 2005 Hurricane Katrina 2008 Hurricane Gustav 2005 Hurricane Rita
2008-09-12
Nation marks 7th anniversary of terror attacks
NEW YORK - The nation paused Thursday morning to mark the seventh anniversary of the Sept. 11 terrorist attacks with heartfelt remembrances at the World Trade Center site, the dedication of a memorial at the Pentagon and a planned visit to ground zero by the presidential candidates.
Nations:U.S. People:Rudy Giuliani Barack Obama Michael Bloomberg John McCain Donald H. Rumsfeld George W. Bush Activities:Sept 11 Terror Attack
2008-09-11
Hurricane Ike in Gulf of Mexico, headed for Texas
HOUSTON (Reuters) - Hurricane Ike gathered strength as it churned through the Gulf of Mexico's warm waters on Thursday on a track that would skirt the heart of the U.S. offshore oil patch before slamming into the Texas coast late on Friday or early on Saturday.
Nations:Mexico Israel People:George W. Bush Activities:2008 Hurricane Ike 2008 Hurricane Gustav 2005 Hurricane Rita 2005 Hurricane Katrina
2008-09-11
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