There was an interesting moment in the McCain-Obama debate on Tuesday when Tom Brokaw asked both of them "Who do you have in mind for Treasury Secretary?" It was a pretty stupid question, actually, since Brokaw knows full well that neither is in a position to reveal...
Should we bail out Wall Street? It's not an easy call, as the state's members of the U.S. House of Representatives have learned during their extended stay in Washington, D.C. But as those representatives and their colleagues prepare to resume deliberations of a bailout...
Smith & Nephew plc - Voting Rights and Capital30 September 2008In conformity with Rule 5.6.1 of the FSA's Disclosureand Transparency Rules, we notify the market that as at 30September 2008:Smith & Nephew plc's issued share capital with voting rights consistsof 882,583,124 ordinary shares of US20c each.67,000,683 ordinary shares are held...
SOUTH SAN FRANCISCO -- As Congress continues to wrestle with how to save Wall Street, a watchdog group is working to protect people close to losing their homes. The Association of Community Organizations for Reform Now, or ACORN, is demanding that Treasury Secretary Henry Paulson bring about...
The current financial crisis and proposed bailout remind me of Jubilee, the Jewish ritual year described in the 25th chapter of Leviticus. Jubilee occurred every 50 years, and it represented a sort of return to a financial Square One for the Jews: debts were forgiven, property that...
WASHINGTON -- In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow...
WASHINGTON -- Democrat Barack Obama and Republican John McCain on Sunday gingerly embraced a newly negotiated congressional deal for a $700 billion bailout of the hobbled financial industry. "This is something that all of us will swallow hard and go forward with. The option of doing nothing...
Consider the panic button pushed. Congress was expected to work feverishly over the weekend to craft a solution to an ongoing financial sector crisis. Most signs point to the creation of a federal entity similar to the Resolution Trust Corp. that salvaged the savings and loan...
Mark Hoban is a busy fella. The Conservative Party's shadow Financial Secretary to the Treasury, one of George Osborne's top lieutenants in the drive for Number 11, is set to speak at more than five meetings at this week's conference in Birmingham. "Conference is always very enjoyable,...
Hank Paulson must be wishing he could introduce a ban on short- selling on his own stock. For the worth of the US Treasury Secretary is sinking faster than a stone; he's fallen from hero to zero as fast as the financial stocks he has sought to protect. ...
Auction Expert Available to Comment NEW YORK -- A new paper on reverse auctions, the cornerstone of the financial bailout plan currently being promoted by Treasury Secretary Henry Paulson and hotly debated on Capitol Hill, was published today by NERA Economic Consulting. Buying the Bad Stuff:...
The global financial crisis Wall Street "After reading this proposal, I can only conclude that it is not only our economy that is at risk, Mr Secretary, but our constitution as well." So said the chairman of the Senate's banking committee, Christopher Dodd, as Hank Paulson,...
WASHINGTON -- Treasury Secretary Henry Paulson went to Capitol Hill seeking $700 billion. He got an earful. Now, $700 billion is a serious sum, and Congress has the fiduciary responsibility to make sure the money it appropriates goes for a good cause. But from the indignant congressional demands for a...
WEEHAWKEN, N.J. -- Beside a mighty river, tucked away in the shadow of a towering ribbon of asphalt that leads drivers into the Lincoln Tunnel and Manhattan beyond, sits a plot of land notable because of a two-century-old event that, for most Americans, is largely forgotten. Here,...
WASHINGTON -- Congressional leaders and the Bush administration reached a tentative deal early today on a landmark bailout of imperiled financial markets whose collapse could plunge the nation into a deep recession. House Speaker Nancy Pelosi announced the $700 billion accord just after midnight but said it...
IN 1776, a moral philosophy professor from the University of Glasgow, Adam Smith, wrote the fi rst seminal account of economics. His book The Wealth Of Nations was published at the start of the industrial revolution, yet Smith's foresight appears extraordinary. He said "All money is a matter of belief",...
LAST week, US Treasury secretary Hank Paulson literally got down on one knee and begged the Democrat House of Representatives speaker, Nancy Pelosi, to endorse his dollars700billion bailout of his Wall Street friends. "I didn't know you were a Catholic, " she reportedly replied, in one of the sharpest asides...
WASHINGTON, Sept. 26 /PRNewswire/ -- Maria Kong, President of the National Association of Real Estate Brokers NAREB today urged Congressional leadership, President Bush and Secretary of the Treasury Paulson, to act fairly and responsibly to ensure that minority-owned real estate, finance and legal professionals are included among the firms...
Saturday on TV College football: The Weber State-at-Utah game will NOT be televised. Games on TV include Tennessee at Auburn (1:30 p.m., Ch. 2); TCU at Oklahoma (5 p.m., FSN); Mississippi State at LSU (5:15 p.m., ESPN2): Alabama vs. Georgia (5:45 p.m., ESPN); and Nevada at UNLV...
Robert Fisk's World It was a weird week to be in the United States. On Tuesday, secretary of the treasury Henry Paulson told us that "this is all about the American taxpayer - that's all we care about". But when I flipped the page on my...
Articles 2008-09-27
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