Archive for October 11th, 2008

posted by admin on Oct 11

President Bush makes a statement in the Rose Garden of the White House after meeting with G7 finance ministers about the financial crisis, Saturday, Oct. 11, 2008, in Washington. Pictured from left to right: Italy's central bank governor Mario Draghi; IMF Managing Director Dominique Strauss-Kahn; Eurogroup's Chairman Jean-Claude Juncker; Japan's Finance Minister Shoichi Nakagawa; Treasury Secretary Henry Paulson; France finance minister Christine Lagarde; Canada finance minister James M. Flaherty; Britain's Chancellor of the Exchequer Alastair Darling, Italy finance minister Giulio Tremonti; Germany's Minister of Finance Peer Steinbrueck; and World Bank President Robert Zoellick.  (AP Photo/Charles Dharapak)AP - President Bush and the world’s financial leaders staged repeated displays of unity Saturday to combat an unfolding credit crisis, hoping to calm investors whose panic has spread despite bold and accelerating government action.


posted by Yahoo! News

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posted by admin on Oct 11

Passersby watch as the stock numbers are posted at the close of the market on the Nasdaq building in New York City. Microsoft, Google, Amazon, Yahoo!, eBay, Dell, Intel, Cisco, Hewlett Packard and Oracle, key components of the tech-heavy Nasdaq composite index, all saw their share prices fall by double digits in percentage terms.(AFP/Getty Images/File/Rick Gershon)AFP - Even the giants of technology did not emerge unscathed from the bloodbath this week on Wall Street.


posted by Yahoo! News

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posted by admin on Oct 11

Federal Reserve Chairman Ben Bernanke, left, talks with Treasury Secretary Henry Paulson during the G7 Finance Ministers and Central Bank Governors Ministerial meeting, Friday, Oct. 10, 2008, at the Treasury Department in Washington.  (AP Photo/Evan Vucci)AP - Financial officials from the world’s wealthiest industrial countries are pledging decisive action to deal with the biggest upheavals to hit the global financial system since the Great Depression.


posted by Yahoo! News

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