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 Chaotic Day Ends With Stocks Off 3.8% published on Mon, 06 Oct 2008 22:26:54 GMT
The Dow Jones industrials finished more than 360 points lower, dropping below the 10,000 mark for the first time in five years.

 Europe Works to Contain Crisis published on Mon, 06 Oct 2008 20:41:30 GMT
European leaders scrambled to prevent the growing credit crisis from bringing down major banks and alarming savers.

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 Full of Doubts, U.S. Shoppers Cut Spending published on Mon, 06 Oct 2008 18:27:04 GMT
Consumers are pulling back on their spending, all but guaranteeing that the economic situation will get worse.

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 Obama lead forces McCain on to attack published on Mon, 6 Oct 2008 21:42:56 +0100
An increasingly frantic Republican party, which has watched Barack Obama restore a strong lead, has indicated that it plans to "take off the gloves" – in the words of Sarah Palin – by questioning Mr Obama's patriotism
 Fed takes steps to bolster liquidity published on Mon, 6 Oct 2008 13:47:51 +0100
The Federal Reserve said it would increase the size of its key TAF lending facility to commercial banks, pay interest on excess reserves to smooth liquidity operations, and allow money market funds to borrow via banks to fund their holdings of commercial paper
 Fed's first foray into unsecured loans published on Mon, 6 Oct 2008 18:56:30 +0100
The Federal Reserve is working with the US Treasury on plans for a dramatic move into unsecured lending in the hope that this extreme step could help bring credit markets back to life
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 Landscape shifts for investment banks published on Mon, 22 Sep 2008 20:59:30 +0100
The move by Morgan Stanley and Goldman Sachs to voluntarily submit themselves to scrutiny is a final recognition that the blurring of the lines between commercial banking and investment banking requires a new regulatory framework
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 Europeans win Nobel prize for medicine published on Mon, 6 Oct 2008 11:43:15 +0100
Three European scientists share the first of this year's Nobel awards - the medicine prize - for discovering viruses responsible for two serious human diseases
 London police probe UN-Congo charity deal published on Mon, 6 Oct 2008 03:16:29 +0100
Law enforcers are investigating whether two key contractors resorted to bribery in a landmark UN project to supply life-saving drugs to one of the world's poorest countries
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 Dow dives below 10,000 on credit, recession fears (Reuters) published on Mon, 6 Oct 2008 22:09:50 Etc/GMT
Stocks slid for a fourth straight day on Monday, leaving the Dow below 10,000 for the first time in four years, on fears the global economy was hurtling into recession despite government efforts to contain the fast-spreading financial crisis.
 NYU economist: This economic crisis is different (AP) published on Mon, 6 Oct 2008 22:06:18 Etc/GMT
An economist who has studied past recessions in New York said Monday the financial industry has come back each time, and she agreed that the only way out of the new one facing the state is to grow.
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 Credit markets still tight as stocks plunge (AP) published on Mon, 6 Oct 2008 22:23:45 Etc/GMT
The jammed credit markets barely budged Monday as governments around the world scrambled to prop up their failing banks and investors waited for details on how, exactly, the Treasury will go about buying $700 billion of U.S. banks' mortgage assets.
 DWS Strategic Municipal Income Trust (KSM) Declares a Monthly Distribution (Business Wire) published on Mon, 6 Oct 2008 22:23:00 Etc/GMT
NEW YORK----DWS Strategic Municipal Income Trust declared a monthly distribution of $0.055 per common share, payable on October 31, 2008 to shareholders of record on October 16, 2008.
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 RPT-BOJ FOCUS-BOJ eyes financial crisis, rates seen steady (at Reuters) published on Mon, 6 Oct 2008 22:05:28 Etc/GMT
 Canada PM says econ plan suited for slow growth (at Reuters) published on Mon, 6 Oct 2008 21:47:22 Etc/GMT
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