By: Los Angeles Times
Henry Chu and Christian Retzlaff, Times Staff Writers
Like soldiers falling into step, governments across Europe offered up a series of sweeping bailout plans for their banking systems Monday, pushing past $2 trillion the amount of taxpayer money that has been pledged to shore up...
By: Los Angeles Times
Maura Reynolds, Times Staff Writer
In a major strategic shift, the Bush administration has decided to pour at least $250 billion directly into major banks and expand federal insurance protection to encourage financial institutions to resume lending to one...
By: Investor's Business Daily
MARILYN ALVA
As the housing market stumbled, commercial real estate still had legs to stand on.
But those legs started buckling this year, pounded by the weakening economy and tightening credit.
Last week, one high-profile set gave in....
By: The Atlanta Journal-Constitution
SCOTT SHEPARD; Cox Washington Bureau
Washington --- A little-known group called the Association of Community Organizations for Reform Now --- ACORN --- is suddenly the focus of Republican presidential nominee John McCain's attacks on Democratic rival Barack...
By: The International Herald Tribune
Jackie Calmes - The New York Times Media Group
For 30 years, the U.S. political system has been tilted in favor of business deregulation and against new rules. But that is about to change, now that the government has been forced to intervene in the once highflying financial...
By: The International Herald Tribune
James Kanter - The New York Times Media Group
Green Inc.
*
Few people call it eco-friendly when a company like Royal Dutch Shell, to pump natural gas and make petroleum products, disturbs coral reefs and damages the habitats of rare desert truffles and vulnerable birds. But...
By: Los Angeles Times
Elena Conis, Special to The Times
Those ubiquitous plastic water bottles have been increasingly vilified in recent years. Los Angeles, San Francisco and Santa Barbara, among others, have banned them from purchase with city funds. A few trendsetting restaurants,...
By: Los Angeles Times
Melinda Fulmer, Special to The Times
Almost every parent has a story about their kid bouncing off the walls after downing a package of jelly beans or eating a neon blue-frosted cupcake at school. Most blame the sugar.
But some new research suggests that the rainbow...
By: Los Angeles Times
Stuart Glascock, Special to the Times
The modest junior hockey arena in this small eastern Washington agricultural hub is an ideal gathering place for local families.
It's also a crucial front in the Department of Homeland Security's war against suicide...
By: USA TODAY
Alan Levin
WASHINGTON -- The agency overseeing security at the nation's airports failed for years to track security passes and uniforms of former employees, creating widespread vulnerability to terrorists, says a government watchdog report...
By: USA TODAY
Kevin McCoy
Traders didn't place immediate bearish stock bets on hundreds of financial firms after the Securities and Exchange Commission's emergency ban on short selling them expired last week, a new data analysis suggests.
By: USA TODAY
Byron Acohido
Cyberintruders used the Internet to crack into at least 18 computer servers at the World Bank Group last July.
The intrusion, revealed Friday in a FoxNews.com story by veteran investigative reporter Richard Behar, underscores...
By: USA TODAY
Edward Iwata
The unrelenting financial crisis is pounding U.S. commercial banks, transforming the industry landscape and likely leading to a rising wave of bank mergers and fire sales in the coming months.
A clear harbinger of the turbulent...
By: Newsday (New York)
THE ASSOCIATED PRESS
WASHINGTON
Treasury Secretary Henry Paulson told international leaders yesterday that isolationism and protectionism could worsen the spreading financial crisis. With a new trading week dawning, U.S. lawmakers urged quick action...
By: The San Francisco Chronicle (California)
Zachary Coile, Chronicle Washington Bureau
The financial crisis and a deepening economic downturn are threatening to delay efforts to deal with another pressing global crisis: climate change.
Hopes for action had been running high since both Republican John McCain and...
By: M2 PressWIRE
RDATE:10102008
Sixty-third General Assembly, Second Committee, Panel Discussion (AM)
Financial risk-sharing between developed and developing countries, coupled with comprehensive, transparent international mechanisms, to address...
By: Los Angeles Times
Maura Reynolds, Times Staff Writer
Leaders from the world's smaller, less-developed countries joined Saturday in pledging to support efforts by the United States and other major nations to halt the global financial crisis, despite worries that their own economies...
By: Los Angeles Times
E. Scott Reckard, Times Staff Writer
It's not just giant banks on the brink these days: Losses are clobbering nonprofit credit unions that have strayed from their conservative heritage or whose members have been pulled into economic downdrafts.
With rising...
By: The Star-Ledger (Newark, New Jersey)
RACHEL BECK, ASSOCIATED PRESS
Even as Wall Street trembled, some of the people responsible for the financial storm got facials and others tried to secure million-dollar payouts.
Just days after the U.S. government saved American International Group with an...
By: The Philadelphia Inquirer
By Harold Brubaker; Inquirer Staff Writer
The $700 billion bailout may or may not unclog the nation's financial system.
But what it would surely do, experts say, is create opportunities for clever investors to game the system.
"I think everyone who is in the...
By: Business Wire
Alcoa reaffirmed its commitment to the pursuit of a sustainable future today, drawing a clear connection between environmental sustainability, through efficiency and conservation, and economic sustainability in the current...
By: Los Angeles Times
Elizabeth Douglass, Times Staff Writer
Mirroring declines in stock markets worldwide, oil futures fell nearly $9 to dip below $78 a barrel Friday for the first time in 13 months, raising the prospect of $60 oil by year's end.
The unrelenting declines in stock values...
By: Los Angeles Times
Don Lee, John Glionna, Times Staff Writers
If there was any question about Asia's exposure to the U.S. financial contagion, this week left no doubt.
Japan's stock market crashed, South Korea's currency convulsed and Singapore said it was in recession. Suddenly, Asia...
By: Los Angeles Times
From Times Wire Services
Copyright 2008 Los Angeles TimesAll Rights Reserved
By: Los Angeles Times
Henry Chu, Times Staff Writer
Charles Goodhart is professor emeritus of banking and finance at the London School of Economics and an expert on European monetary policy. He spoke to The Times about Europe's handling of the economic crisis and the role of the...
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