“Do you think Obama will be more responsive to the media than Bush has been?”
Why should anyone even care what the answer to this oddly phrased ambiguous question is?
What IS important is that Obama is responsive to the needs of the citizenry. That’s pretty much what every presidency boils down to.
Bush was a media [...]
NEW YORK (CNNMoney.com) — Holiday shoppers continued their trek to malls and big-box stores Saturday, amid early indications of slightly higher Black Friday sales to kick off the season.
The nation’s retailers were watching anxiously, having already suffered significant declines this year thanks to the weakening U.S. economy.
But the first nationwide returns were positive for merchants.
ShopperTrak [...]
Iceland’s currency collapsed after the government was forced to take control of the country’s largest banks after the institutions were unable to obtain short-term funding. The nation’s economy is expected to contract sharply as it deals with the aftermath of the crisis.
The conditions of the IMF package “presumably included decisive action to support the currency, [...]
NEW YORK (MarketWatch) — The Federal Reserve added another $50 billion in
overnight loans on Thursday to help liquefy money markets, matching the amount
offered twice already this week. The New York branch of the central bank uses
repurchase agreements, or repos, almost every business day to meet demand from
banks and primary dealers. The $50 billion is among [...]
UBS Faces Further $5 Bln Writedowns - Report
Last Update: 9/14/2008 10:01:28 AM
ZURICH (AFP)–Switzerland’s biggest bank UBS AG (UBS) is set to write down a
further $5 billion in assets amid continuing financial turmoil, Swiss weekly
SonntagsZeitung reports Sunday.
The bank will post the loss in the second half of the year and is likely to
inform markets just before [...]
“HONG KONG (MarketWatch) — The Federal Deposit Insurance Corp. is considering a plan to borrow funds from the U.S. Treasury Department, as its seeks to shore up its finances amid an expected wave of bank failures, according to a published report Tuesday. Funds borrowed from the Treasury would used to cover short-term cash-flow needs related [...]
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