economy
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Developing and Industrial Countries Endorse Plan to Stabilize Financial MarketsSeven richest industrial countries pledged close cooperation to rescue distressed banks, prevent bankruptcies and assure that credit flows resume
Source : voanews.com | 12-Oct-2008 10:23
Gold rush
Austria's mint flat out as investors seek safety
Source : news.bbc.co.uk | 12-Oct-2008 10:01
Bush: Economic Powers Will Cooperate on Economic Crisis
Meetings of top financial officials taking place in US, Europe
Source : voanews.com | 12-Oct-2008 09:53
EU chiefs confront markets crisis
The 15 eurozone leaders are to meet in Paris to try to establish a common approach to the global financial crisis.
Source : news.bbc.co.uk | 12-Oct-2008 07:31
IMF in global 'meltdown' warning
The world financial system is facing "meltdown", the International Monetary Fund warns, as it offers emergency funds to credit-starved countries.
Source : news.bbc.co.uk | 12-Oct-2008 00:37
Finance Chiefs Meet On Global Economic Crisis
Members of the G-7 have been meeting in Washington this weekend, trying to come up with solutions to the financial crisis. On Friday, they issued a five-point action plan, but it's unlikely to have an immediate effect on the turmoil in the financial markets. They met with President Bush on Saturday morning at the White House.
Source : npr.org | 11-Oct-2008 22:00
Sales Of Home Safes Climb Amid Financial Turmoil
About the same time Lehman Brothers filed for bankruptcy and the stock market began plummeting, one of the nation's leading sellers of safes started to see a sales boost. The company's CEO says he thinks the increase is due to people losing faith in banks.
Source : npr.org | 11-Oct-2008 19:19
World Powers Meet To Combat Credit Crisis
President Bush was short of specifics in his brief statement after Saturday morning's meeting. Will the meeting itself be enough to calm the worldwide markets after the weekend, or will the finance ministers have to offer a concrete plan to stabilize the world's financial systems?
Source : npr.org | 11-Oct-2008 16:14
Partnering With The World
Finance ministers from around the world tried to show the world they are working in a coordinated way to tackle a global financial crisis that has proved to be far more serious than anyone anticipated.
Source : npr.org | 11-Oct-2008 14:00
Will The Week's Events Stop The Market Slide?
How can G-7 leaders or the five-point plan solve the financial crisis? Scott Simon discusses this week's economic news with NPR's John Ydstie.
Source : npr.org | 11-Oct-2008 14:00
Bush: Top Economic Powers Will Cooperate on Economic Crisis
US president makes remarks at White House after meeting with heads of international financial institutions who are in Washington DC for gathering of G7 finance ministers
Source : voanews.com | 11-Oct-2008 12:52
Reports: GM, Chrysler Discuss Merger
Global financial crisis has increased fears United States' biggest automakers could be forced into bankruptcy
Source : voanews.com | 11-Oct-2008 12:03
Niger Delta Philanthropist Seeks Better Deal for Oil Communities
Ebimiere Okrika says lack of education in region breeds ignorance, desperation and more violence
Source : voanews.com | 11-Oct-2008 09:42
Bush, G7 Officials to Discuss Financial Crisis
On Friday, G7 finance ministers and central bankers pledged to take decisive action to support important financial institutions and prevent their failure
Source : voanews.com | 11-Oct-2008 07:24
Voters Take Measure Of Candidates' Tax Plans
The tax proposals of John McCain and Barack Obama are markedly different. NPR asked Roberton Williams of the Tax Policy Center to assess how each plan would affect the financial situations of three voters from different income levels.
Source : npr.org | 11-Oct-2008 06:01
G7 nations pledge to fight crisis
Top finance ministers promise to take "decisive action and use all available tools" to tackle the world economic crisis.
Source : news.bbc.co.uk | 11-Oct-2008 01:14
Paulson OKs Bank Stock Purchase Plan
Treasury Secretary Henry Paulson has said the government will go ahead with a plan to buy stocks in financial institutions. Meanwhile, The Group of Seven industrialized nations agreed to work together to fix the global economy.
Source : npr.org | 11-Oct-2008 01:04
Markets Fall Amid Credit Woes
Markets have fallen despite President Bush saying the U.S. is using a "wide range of tools" to address the chaos in the financial markets. Many finance-watchers blame tight credit markets for the trouble. Banks are not lending to on another.
Source : npr.org | 11-Oct-2008 01:04
G-7 Nations Agree on Financial Action Plan
Group agreed on the need to restore the availability of credit, to help banks raise money from public and private sources, and to beef up bank deposit insurance
Source : voanews.com | 11-Oct-2008 00:14
Bush Tries To Reassure Nation On Economy
President Bush has said the U.S. is using a "wide range of tools" to address the chaos in the financial markets. The stock market, however, has continued its downward slide. Many finance-watchers say the credit markets are to blame. Banks are simply not lending money to one another.
Source : npr.org | 11-Oct-2008 00:02
Will Sports Weather The Economic Storm?
Sports have historically been recession-proof. Sportswriter Stefan Fatsis says events like the Sept. 11, 2001, attacks had little impact on the sports business. But, he says, in the present economic climate three issues must be considered: the credit market, corporate fallout and fans.
Source : npr.org | 10-Oct-2008 23:58
Economy Dominates Canadian Election
This is last weekend of campaigning before Canada's general election Tuesday
Source : voanews.com | 10-Oct-2008 23:46
IMF Predicts Slow Growth For Africa
Growth in sub-Saharan Africa is expected to slow from 6.5 percent in 2007 to six percent in 2008 and 2009
Source : voanews.com | 10-Oct-2008 23:38
US, India Sign Civilian Nuclear Accord
Accord reverses three-decade ban on US, India trade in nuclear fuel and technology
Source : voanews.com | 10-Oct-2008 23:27
'Duck Soup': Take One Fiscal Crisis, Boil Merrily
Depression-era comedy sends the Marx Brothers skating through economic territory their namesake Karl would recognize — and it begins with talk of bailouts, tax breaks and other things that Bob Mondello says you'll find familiar, too.
Source : npr.org | 10-Oct-2008 23:26
Fears Grow That Tight Credit Could Crush GM, Ford
Standard & Poor's downgraded the credit of General Motors and Ford Motor Co. and their financing arms this week. Many fear the automakers lack enough cash to sustain their business during this downturn, and that if they falter, it could have widespread repercussions on the U.S. economy.
Source : npr.org | 10-Oct-2008 23:18
Economy, Accusations Cap Week In Politics
The campaigns of Barack Obama and John McCain are hurling negative adjectives at each other. David Brooks of The New York Times says they are not focusing enough on the big issue at hand: the economic crisis. E.J. Dionne of the Washington Post says the campaign has swung Obama's way because of the crisis, and he hopes it will bring a more serious discussion of how the government can help people.
Source : npr.org | 10-Oct-2008 23:10
G-7 Ministers Meet To Plan Financial Recovery
Central bankers and finance ministers from the Group of Seven industrialized nations are meeting with President Bush Friday and Saturday. They are looking at ways to restore order to financial markets and avert a lengthy recession.
Source : npr.org | 10-Oct-2008 23:07
Amid Turmoil, Credit Markets Remain Tight
The measure of the markets that makes policymakers most nervous is the availability of credit. Will Aston-Reese, vice president for money-market sales at Tradition Asiel Securities, says watching the credit markets over the past few weeks has been akin to watching paint dry.
Source : npr.org | 10-Oct-2008 23:04
On Wild Day, Dow Rallies In Final Minutes
The markets have had a wild ride, with the Dow Jones industrial average falling more than 700 points at one stage before closing down 128 points. More than once, the Dow fell below 8,000 points. Roben Farzad, senior writer for BusinessWeek, says fear has gotten the best of everyone.
Source : npr.org | 10-Oct-2008 22:46
Amid Financial Woes, Business Schools Adapt
Teachers and professors across the nation are using the financial crisis as a lesson for their students. A class on global economics in the MBA program at Thunderbird School of Global Management in Phoenix examines the downturn.
Source : npr.org | 10-Oct-2008 22:41
Portland, Ore., High School Eyes Money Crisis
At Lake Oswego High School outside of Portland, Ore., Gerrit Koepping brings current events into the classroom every day. High school students at Koeppings' U.S. government classes are learning from the current economic crisis.
Source : npr.org | 10-Oct-2008 22:39
As Economy Reels, Automakers Feel The Pain
The stock prices for Ford and General Motors have taken a beating this week and there are new concerns that the companies might not survive the economic downturn. The companies have spent three years undergoing massive restructuring and cost cuts.
Source : npr.org | 10-Oct-2008 22:37
Bailout-Backing Democrat Faces Tough Re-Election
Rep. Jim Marshall (D-GA) voted in favor of the bailout package. He is now campaigning in his conservative home district and is doing a lot of explaining about his vote. He says his vote was initially very unpopular, but as the economy has unraveled, it has become less unpopular.
Source : npr.org | 10-Oct-2008 22:35
UN Econ Official Confident Africa Will Emerge Stronger from Financial Crisis
But official says crisis will have negative impact on efforts to cope with the continent's severe food shortages
Source : voanews.com | 10-Oct-2008 22:02
Darling calls for action from G7
Alistair Darling calls on the Group of Seven rich countries to "do whatever it takes" to tackle the global financial crisis.
Source : news.bbc.co.uk | 10-Oct-2008 19:01
Bush vows to stabilise US economy
President George W Bush vows to work "aggressively" to restore economic stability, as world stock markets tumble.
Source : news.bbc.co.uk | 10-Oct-2008 18:38
Dow Swings Wildly As Financial Leaders Convene
Many investors are fixing their gaze on Washington, D.C., to see whether financial leaders meeting there can do anything to relieve the financial crisis. The Dow industrial average was swinging wildly from the start Friday, trading well below 8,500. European shares prices have also tumbled, as did every stock market in Asia.
Source : npr.org | 10-Oct-2008 17:58
Investors Look For Bottom To Stocks' Plunge
As U.S. and global markets continue to plunge, President Bush says the U.S. government's financial rescue plan is aggressive and big enough but will take time to work. Analysts seem to agree that at this point, the sell-off in the stock market is driven by emotion.
Source : npr.org | 10-Oct-2008 16:43
Credit crunch glee
Iran celebrates the global meltdown, but for how long?
Source : news.bbc.co.uk | 10-Oct-2008 15:55
Nigerian Oil Workers to Strike
Threatened strike could devastate Nigerian oil industry
Source : voanews.com | 10-Oct-2008 15:34
Interbank lending in deep freeze
Bank-to-bank lending rates rise despite aggressive measures from governments worldwide to tackle the credit freeze.
Source : news.bbc.co.uk | 10-Oct-2008 15:29
Britain's Finance Minister: Fix Must Be Global Effort
Many of the world's financial leaders are meeting in Washington, D.C., to discuss how to restore something that has turned out to be easy to lose and hard to get back: confidence in the financial markets. Britain's Alistair Darling says governments around the world will have to work together to end the crisis and stop it from happening again.
Source : npr.org | 10-Oct-2008 14:15
Indian Stock Markets Continue to Plunge Despite Central Bank Assurance of More Liquidity
Finance minister reassures people financial system is stable and has resilience to weather economic storm
Source : voanews.com | 10-Oct-2008 13:32
Asia's Markets Follow Wall Street With Panic Selling
Four major stock markets in Asia plunged more than 7 percent Friday
Source : voanews.com | 10-Oct-2008 12:45
Russia approves $86bn bank rescue
Russia's lower house of parliament, the Duma, approves a raft of measures worth $86bn (£51bn) to assist banks.
Source : news.bbc.co.uk | 10-Oct-2008 12:12