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Daily Dispatches
Britain nationalizes Northern Rock 'temporarily'
Submitted by cpowell on Sun, 2008-02-17 13:19 Section: Daily DispatchesFrom the Financial Times, London
Sunday, February 17, 2008
http://www.ft.com/cms/s/9ba3c422-dd6e-11dc-ad7e-0000779fd2ac.html
Northern Rock, the troubled British bank, is to be nationalised, the UK Treasury announced Sunday.
Iranian envoy suggests pricing Iranian oil in rubles
Submitted by cpowell on Sat, 2008-02-16 12:23 Section: Daily DispatchesIran's Envoy: Iran and Russia
Can Rid World of Dollary's Slavery
From Islamic Republic News Agency, Tehran
Friday, February 15, 2008
http://www2.irna.ir/en/news/view/menu-237/0802150324191831.htm
Cassandra of U.S. fiscal issues, Walker leaving Government Accountability Office
Submitted by cpowell on Fri, 2008-02-15 21:25 Section: Daily DispatchesGovernment Accountability Chief Resigns
By Elizabeth Williamson
Washington Post
Saturday, February 16, 2008
http://www.washingtonpost.com/wp-dyn/content/article/2008/02/15/AR200802...
Ron Paul: Let's legalize competing currencies
Submitted by cpowell on Fri, 2008-02-15 21:13 Section: Daily Dispatches9p ET Friday, Februray 15, 2008
Dear Friend of GATA and Gold:
Adrian Ash: Fading the IMF
Submitted by cpowell on Fri, 2008-02-15 00:21 Section: Daily DispatchesBy Adrian Ash
The Rude Awakening
Thursday, February 14, 2008
http://www.agorafinancial.com/afrude/
The gold price now hovers near all-time record highs. Whereas the International Monetary Fund (IMF) finds itself short of $400 million per year. Can you guess what comes next?
That's right -- the IMF unloads some of its gold.
U.S. Govt. closes Internet site consolidating economic indicator reports
Submitted by cpowell on Thu, 2008-02-14 22:53 Section: Daily DispatchesBush Administration Hides More Data,
Shuts Down Website Tracking Economic Indicators
From The Center for American Progress
(Washington, D.C.)
Wednesday, February 13, 2008
Rescue for German bank aims to avoid crisis in confidence
Submitted by cpowell on Thu, 2008-02-14 07:46 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Thursday, February 14, 2008
http://www.telegraph.co.uk/money/main.jhtml?view=DETAILS&grid=&xml=/mone...
Germany faced its "Northern Rock moment" last night as top ministers and bankers thrashed out a rescue plan to save IKB Deutsche Industrie Bank, fearing a "bank tsunami" if the struggling lender was allowed to fail.
Worried bankers seek to shift risk to Uncle Sam
Submitted by cpowell on Thu, 2008-02-14 02:55 Section: Daily DispatchesBy Damian Paletta
The Wall Street Journal
Thursday, February 14, 2008
WASHINGTON -- The banking industry, struggling to contain the fallout from the mortgage debacle, is urgently shopping proposals to Congress and the Bush administration that could shift some of the risk for troubled loans to the federal government.
Debt crisis spreads to U.S. municipalities
Submitted by cpowell on Wed, 2008-02-13 20:16 Section: Daily DispatchesBy Aline van Duyn and Michael Mackenzie
Financial Times, London
Wednesday, February 13, 2008
http://www.ft.com/cms/s/0/4e5d3dec-da8a-11dc-9bb9-0000779fd2ac.html?ncli...
A collapse in confidence in a $330 billion corner of the debt market has left US municipalities and student loan providers facing spiralling interest rate costs.
GATA's message slowly seeps into the financial mainstream
Submitted by cpowell on Wed, 2008-02-13 15:31 Section: Daily Dispatches3:30p ET Wednesday, February 13, 2008
Dear Friend of GATA and Gold:
Today brought more evidence that GATA's message is slowly seeping into the financial mainstream. It comes in commentary by a couple of currency strategists, Kathy Lien and Boris Schlossberg, at Minyanville, "Gold Reaching for the Sky," and you can find it here:
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