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News & UpdatesNovember 14, 2008 G-20: Shaping a new world orderBy: CNNMoney U.S. economic mettle tested as emboldened leaders of the world's 20 largest countries gather in Washington. November 14, 2008 Wal-Mart earnings climb 10%By: Arkansas Democrat Gizette Profit at Wal-Mart Stores Inc. rose 10 percent in the third quarter that ended Oct. 31, but the company reduced its forecast for the fourth quarter, citing the growing strength of the dollar against other currencies that will... November 14, 2008 Bailing Out Detroit: How Much Is Enough?By: Forbes.com What will it really take to right America's automakers? It seems more and more likely that Detroit will get a bailout from Washington in some form. If so, U.S. automakers will be faced with another pressing question: Will it be... November 14, 2008 Europe Economy Falls Into First Recession in 15 YearsBy: Bloomberg.com Europe's economy fell into its first recession in 15 years in the third quarter, paving the way for deeper cuts to interest rates and taxes amid the worst financial crisis since the Great Depression. November 13, 2008 Frank's Plan Gives GM, Ford, Chrysler $25 BillionBy: Bloomberg.com -- General Motors Corp., Ford Motor Co. and Chrysler LLC would get $25 billion in loans from the Treasury's financial-rescue plan under a proposal by House Financial Services Committee Chairman Barney Frank. Legislation is needed... November 13, 2008 Obama asks bipartisan duo to meet officials at G20By: Reuters President-elect Barack Obama on Wednesday named a bipartisan duo of Washington veterans to meet foreign delegations at this weekend's global financial summit, opening communication between the next U.S. administration and its... November 13, 2008 Treasury Secretary Henry M. Paulson, Jr. Comments on Financial Rescue Package and Economic Update  By: U.S. Department of the Treasury The actions taken by Treasury, the Federal Reserve and the FDIC in October have clearly helped stabilize our financial system. Before we acted, we were at a tipping point. Credit markets were largely frozen, denying financial... November 13, 2008 Witnesses Call for Tighter Hedge Fund RestrictionsBy: New York Times Hours before five wealthy hedge fund managers were scheduled to appear before policy makers, two prominent academics testified that they thought hedge funds should face tighter regulation. Andrew Lo, a professor at the Sloan... November 13, 2008 Bush Warns Against Dismantling Market Systems to Solve CrisisBy: Bloomberg.com President George W. Bush today will urge leaders of the world's biggest industrial and developing economies not to abandon principles of free-market capitalism as they seek a way out of an international financial crisis, calling... November 13, 2008 What to Expect From the Economic Crisis SummitBy: U.S, News and World Report With the advanced industrial economies staring at the unnerving prospect of their collective output falling in 2009—for the first time since the World War II era—President Bush is about to host a dramatic summit aimed at charting... [What would you find useful here?]
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