Worldwide
Stocks in U.S. Decline, Breaking Eight-Day Winning Streak for Dow Average U.S. stocks declined, ending an
eight-day winning streak for the Dow Jones Industrial Average,
as India’s unexpected interest rate boost spurred speculation
withdrawals of economic stimulus will curtail global growth.
Greenspan Says Regulators `Failed' in Worst Crisis Since Great Depression Former Federal Reserve Chairman
Alan Greenspan said the central bank and other U.S. regulators
“failed” during the financial crisis because they became too
complacent about risks.
Bank Exemption Aimed at Boosting Home-Mortgage Liquidity Is Ended by Fed The Federal Reserve Board today
removed an exemption it had given to six banks at the start of
the financial crisis in 2007 aimed at boosting liquidity in
financing markets for mortgage- and asset-backed securities.
Nobel Winner Mundell Says IMF Should Be `Last Resort' as EU Tackles Greece Nobel Prize-winning economist
Robert Mundell said the International Monetary Fund should be an
“extreme lender of last resort” for European nations debating
how to help Greece end its budget crisis.
Asian Stocks Gain for Fourth Week on Fed Rates Pledge, More BOJ Lending Asian stocks rose for a fourth week
after the U.S. Federal Reserve pledged to keep borrowing costs
near zero for an “extended period” and as the Bank of Japan
expanded a bank-loan program.
Lehman's Accounting Should Be Probed in Wake of Examiner Report, Dodd Says Lehman Brothers Holdings Inc.’s
alleged accounting manipulation should be investigated by a U.S.
Justice Department task force, Senate Banking Committee Chairman
Christopher Dodd said.
India's Surprise Rate Rise Is `Sign of Things to Come' in Inflation Fight India’s central bank will probably
raise interest rates again next month as the first increase in
two years is only the initial step in the battle against
inflation, BNP Paribas SA and Standard Chartered Plc said.
House Leaders Work to Defuse 11th-Hour Fight Over Medicare Reimbursements House Democratic leaders worked to
defuse an 11th-hour rebellion by more than a dozen lawmakers
angry that hard-fought increases in Medicare reimbursements for
local hospitals were removed from health-care legislation.
Health Care: Summary of Changes Planned to Senate Bill by House Democrats House Democrats plan to approve the
biggest changes to the U.S. health-care system in more than four
decades, extending coverage to tens of millions of uninsured
Americans and attempting to curb rising medical costs.
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