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Don't bail out GM, says Jack Welch (rediff.com)

Should the government bail out the U.S. auto industry to keep the players from going into bankruptcy?—Bill VanderMolen, Pittsfield Township, Mich. How about this instead: The boards of Chrysler and General Motors put their companies into bankruptcy with the clear intent of reorganization and merger.

Bernanke May Find Deflation `Back on the Table' as Fed Concern - Bloomberg

Bernanke May Find Deflation `Back on the Table' as Fed ConcernBloomberg - 6 hours ago20 (Bloomberg) -- Five years after Federal Reserve Chairman Ben S. Bernanke helped stamp out the risk of deflation, the threat is returning as the financial ...

RBS shareholders vote on bail-out (Evening Standard)

Shareholders in Royal Bank of Scotland are to vote on a £20 billion bail-out plan which could put nearly 60% of the company in public hands. Royal Bank of Scotland (RBS) - one of the worst hit by the banking turmoil - has called a general meeting in Edinburgh to approve the rescue.

Canada, US set to chop rates - National Post

Canada, US set to chop ratesNational Post, Canada - 10 hours agoBoth the Bank of Canada the US Federal Reserve signalled on Wednesday that further interest rates cuts are on the way as US consumer prices plummeted a ...

Bank of Canada to sell C$3.5 billion 21-day bills - Hemscott

Bank of Canada to sell C$3.5 billion 21-day billsHemscott, UK - 13 hours agoTORONTO, Nov 19 (Reuters) - The Bank of Canada said on Wednesday it would auction C$3.5 billion of 21-day treasury bills on Thursday, Nov. 20. ...

Stocks Drop On Low Retail Sales - Forbes

Canada's economy shrinks in August - Canada.com

The bigger their egos, the harder we fall - Globe and Mail

Auction stations for homebuyers (Times Online)

It's 10.45 on a chilly Saturday morning in southeast London and about 30 people are hanging around in a quiet cul-de-sac, studying the outside of a handsome Victorian semi. This is the final viewing for Lot 11 of a Savills residential property auction that is due to take place the following Monday.

Goldman Sachs ready to hand out £7BILLION salary and bonus package... after its £6bn bail-out (Daily Mail)

Struggling Wall Street investment bank Goldman Sachs is on course to pay its top City bankers multi-million pound bonuses, despite asking the U.S. government for an emergency bail-out.

RBA has reason to hose down housing slump fears (The West Australian)

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Soothing talk about housing prices from one of Australia's top central bankers is understandable, given the damage that could be done by a slump in the housing market. In a speech to a conference on

Brown calls for worldwide bail-out fund (Financial Times)

Gordon Brown on Tuesday spearheaded calls for a multi-billion pound “bail-out fund” to prevent the global crisis spreading to more countries, and warned of the need to stabilise economies “across eastern Europe”.

Nouriel Roubini: I fear the worst is yet to come (Times Online)

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When this man predicted a global ? nancial crisis more than a year ago, people laughed. Not any more...

`Biggest Bubble of Them All' Is Globalization: Chart of the Day (Bloomberg)

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Oct. 24 (Bloomberg) -- The 90 percent tumble in the global benchmark for commodity shipping costs since May exceeded the Dow Jones Industrial Average's plunge during the Great Depression, signaling globalization is ``the biggest bubble of them all,'' Bespoke Investment Group LLC said.

Economy to rebound by 2010: Bank of Canada - CTV.ca





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