Archive for October, 2008
Sunday, October 5th, 2008
NEW YORK (Reuters) - Wells Fargo & Co agreed to buy Wachovia Corp for about $15 billion, upstaging a government-backed Citigroup Inc bid for Wachovia's banking assets with a deal that would catapult it into the top ranks of national consumer banking.
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Sunday, October 5th, 2008
Igor Volsky's got the video mash-up of Sarah Palin sampling Ronald Reagan's dire 1961 prediction that Medicare would put us on the road to serfdom, followed by Reagan discussing the issue:
It's worth being reminded now and again that conservatives really believed this stuff. That Medicare would lead to the eradication ...
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Sunday, October 5th, 2008
PARIS (Reuters) - French bank Societe Generale , hit by a massive rogue trading scandal this year, is solid and is ready to look at acquisitions, chief executive Frederic Oudea told Le Parisien newspaper.
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Sunday, October 5th, 2008
NEW YORK (Reuters) - Unsecured creditors of Lehman Brothers Holdings Inc asked a court overseeing Lehman's bankruptcy proceedings for permission to investigate how the firm ran out of money, The Wall Street Journal reported on its website on Friday.
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Sunday, October 5th, 2008
There's long been some sentiment that if Barack Obama wins the election it will not merely reflect improvements in the race/racism situation in the United States, but also possibly cause further improvements. I've always been a bit skeptical of that, but watching the recent controversy over Gwen Ifill's book, the ...
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Sunday, October 5th, 2008
BRUSSELS/LUXEMBOURG (Reuters) - Belgium and Luxembourg scrambled on Saturday to find a buyer for the remains of troubled financial group Fortis and mulled a further nationalization after the Netherlands took over its Dutch units.
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Sunday, October 5th, 2008
Just as the last majority vote was cast to necessitate the passage of the bailout, and as CSPAN anchors were saying the Dow was on the rise, the Dow started (despite the anchor's incorrect and embarassing words) falling! ?And fall it did.But why?UPDATE: ?(I learned a new concept!)Buy the rumor, ...
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Sunday, October 5th, 2008
ZURICH (Reuters) - UBS AG will not introduce a cap on salaries, but management will earn less that before the credit crisis, the Swiss bank's chairman said in an interview published on Saturday.
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Sunday, October 5th, 2008
FRANKFURT (Reuters) - Property lender Hypo Real Estate (HRE) fought for its life on Saturday after German banks and insurers pulled out of a state-led 35 billion euro ($48.5 billion) rescue program stitched together only days ago.
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Sunday, October 5th, 2008
I guess any time she speaks sentences that were clearly intended to be in the English language she “beats expectations” and Rich Lowry sees starbursts so I suppose we should count this as another triumph:
As we send our young men and women overseas in a war zone to fight for ...
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