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News & UpdatesNovember 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... November 13, 2008 Trust Me, AgainBy: Forbes.com Right or wrong, Treasury Secretary Paulson's shifting strategies put his most valuable asset--his credibility--at risk. November 13, 2008 German Economy Enters Worst Recession in 12 YearsBy: Bloomberg.com The German economy, Europe's largest, contracted more than economists expected in the third quarter, pushing the nation into the worst recession in at least 12 years.
November 12, 2008 Goldman Promises to Stick to StrategyBy: The Wall Street Journal The transformation of Goldman Sachs Group Inc. into a bank holding company won't change its strategy, according a slide presentation prepared for remarks by Chief Executive Lloyd Blankfein at an investor conference Tuesday... [What would you find useful here?]
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