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Stock Prices Surge after Fed Cuts Interest Rates


by D. Cupples I'm not expert on finance, economics or securities markets. From what I've read, though, it seems that unreasonable gambling and speculating had something to do with the sub-prime mortgage crisis, the current Bear Stearns predicament, a
bucknakedpolitics.typepad.com


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Meles Gives Castel Rent-Free Land for Wine Export


APTN -- It's perhaps surprising to learn that Ethiopia's wine industry reportedly dates back to the mid 16th century when Portuguese and Italian missionaries arrived in the country and used grapes for the ceremony of Holy Communion at church. There's b
friendsofethiopia.blogspot.com

With Latest Rate Cut, Fed Tries to Find Balance Between Recession ... - Money Morning


The rate cut, at least, seems to be having the desired effect: Commercial banks last night started announcing reductions in their prime rate, ...Fed slashes US interest rates in drive to stop world economic meltdown Scotsman
www.moneymorning.com

US Bancorp Lowers Prime Lending Rate - WELT ONLINE


US Bancorp NYSE: USB announced it will lower its prime lending rate to 5.25 percent from 6.00 percent, effective after the close of business today, ...
newsticker.welt.de

Gold: The Money of Freedom and Honesty


The collapse of two major banks in Britain and America Bear Stearns and Northern Rock should make us pause to reflect on the fundamentals of the world financial system. When currencies around the world were nationalised at the outbreak of the First Wo
www.brusselsjournal.com

Overnight Express: News Round Up Iraq Anniversary Edition, and other matters


???Bush says Iraq war was worth it.??? ???The successes we are seeing in Iraq are undeniable, yet some in Washington still call for retreat," the president said. "War critics can no longer credibly argue that we are losing in Iraq, so now they
desertbeacon.blogspot.com

Hong Kong shares close higher on US rate cut gains capped - UPDATE - CNNMoney.com


Hang Seng Bank announced after market close a 50 basis point cut in its prime lending rate. The Hang Seng Index closed up 482.33 points or 2.26 pct at ...Hong Kong shares end higher on US rate cut China Mobile up 3 pct ... Forbes
money.cnn.com

Bailouts, Instability and Inflation


In the last month, the Federal Reserve has begun the biggest bailout since the Great Depression. They??ve assumed the risk for 30 billion dollars so JP Morgan can buy Bear Stearns. They??ve opened low interest funds used by member banks to security de
race42008.com

Russia estimates 2008 nanotechnology


Short description Ivanov added that nanotechnology research had made it possible to manufacture ultra-strong cutting faces for various instruments Article body Russia's sales of nanotechnology products are expected to amount to 700bn in 2008, Fi
www.nanovip.com

Glossed over by the main-stream media


March 18, 2008, President Bush gave a televised speech in which he proudly announced that one "highest priorities" of his presidency is the "opening of trade." Opening trade has been one of the high priorities of my presidency. See, I
sixthcolumn.typepad.com

US Bancorp Cuts Prime Rate - Forbes


AP 03.18.08, 6:13 PM ET US Bancorp on Tuesday lowered its prime rate by three-fourths of a percentage point after the Federal Reserve cut its key interest ...The Collapse of Bear Stearns and its implications for Jamaica Jamaica Observer
www.forbes.com

More people are killing themselves lately??how come?


More people are killing themselves lately??how come? 0 Comments Published by Chris Damitio March 18th, 2008 in obituaries A new five-year analysis of the nation??s death rates recently released by the federal Centers for Disease Control and Preve
fuknus.chrisdamitio.com

Tories urged to act after US rate cut - Toronto Star


OTTAWA??The drastic economic bailout being mounted in the United States has underscored the need for Prime Minister Stephen Harper&39s government to step up ...
www.thestar.com

HSBC Bank USA, NA and Affiliates Lower Prime and Reference Rate - WELT ONLINE


HSBC Bank USA, NA and its affiliates announced that they lowered their prime and reference rate to 5.25% from 6.00% effective today, Tuesday, March 18, ...
newsticker.welt.de

BBC Fakes Story of Foreclosure Shanty Towns


I??ve long known that the frequenters of Boing Boing were suckers, a mob of bleating ???sheeple,??? if I may borrow a term from the tax protest nuts, who lack not only critical thinking skills but the most basic human element of curiosity. This explains
www.red-alerts.com

Off day notes and stuff


The Reds are off today and there's not a lot happening that hasn't been reported on this site already, but in case you haven't heard: Ryan Freel is being shopped around, possibly for a catcher, and former Red Bob Purkey passed away. In other news from th
www.redreporter.com

Hong Kong banks cut prime rates,but don&39t fully match Fed - MarketWatch


Frances Cheung, Standard Chartered Bank&39s fixed income strategist, said she expects Hong Kong&39s prime lending rates to bottom out at 5%, even though the US ...HSBC says to cut HK prime rate 50 bps to 5.25 pct Reuters
www.marketwatch.com

Why didn??t we see the credit crunch coming?


Because we can??t see the future, of course. So why did we willingly ignore the possibility events like these might happen? Beats me. Yesterday John Humphreys spent a day in the City of London BBC audio trying to get a fix on the credit crunch for th
blog.iii.co.uk

Morning Coffee 03/19/08


Police report no problems overnight No major incidents were reported in Benton, Carroll, Chester, Crockett, Decatur, Dyer, Gibson, Hardeman, Hardin, Haywood, Henderson, Madison, McNairy and Weakley counties this morning. Ya gotta love a headline like t
olbroad.com

Iraq is a country no more. Like much else, that was not the plan


The death rate in Baghdad has fallen, but it is down to ethnic cleansing ???It reminds me of Iraq under Saddam,??? a militant opponent of Saddam Hussein said angrily to me last week as he watched red-capped Iraqi soldiers close down part of central Bagh
moderate.wordpress.com

House price crash?


The oddest thing about this slowdown and credit crunch is the delayed reaction ?? or the lack of reaction ?? of the UK housing market. Shares have slumped. Commercial property prices have fallen substantially. Retailers have complained about the squeez
www.johnredwoodsdiary.com

US sub-prime crisis comes too close to home


By Priya Nigam The weekend gone by witnessed the collapse of Bear Stearns in a shocking deal in which the 85-year-old US-based investment bank was bought for only one third its IPO price in 1985. The US Federal Reserve cut interest rates in a
www.theindiastreet.com

Cullen: Recession unlikely - New Zealand Herald


She said New Zealand&39s banks were being buffeted by fallout from the US sub-prime lending crisis, not by something driven out of New Zealand. ...Govt defends recession talk Stuff.co.nz
www.nzherald.co.nz

Frankel and Rapier: The Rising Cost of Oil


There are two ways of looking at the rising cost of oil: From the point of view of the economist, who considers oil as a commodity similar to pork bellies, and from the point of view of someone familiar with the physics and the geology of oil. Take, for
angrybear.blogspot.com

US Bancorp Lowers Prime Lending Rate To 5.25% - Quick Facts - Trading Markets press release


RTTNews - US Bancorp USB news PowerRating PR Charts announced that it would lower its prime lending rate to 5.25% from 6.00%, effective after the ...
www.tradingmarkets.com

The Top 10 Greatest Running Backs of All Time


Here are, in my educated opinion, the 10 greatest running backs in the history of football. Let me know what you think. 1 Jim Brown Rushing Yards: 12,312 Rushing AVG: 5.2 Rushing TD: 106 Receiving Yards: 2,499 Receiving TD: 20 Passing TD: 3 Wit
bleacherreport.com

SunTrust cuts prime rate to 5.25 percent from 6.0 percent after Federal Reserve decision


NEW YORK AP ?? SunTrust Bank on Tuesday lowered its prime rate by three-fourths of a percentage point after the Federal Reserve cut its key interest rate.Atlanta-based SunTrust said its prime rate is now 5.25 percent, down from 6.0 percent. The Fed cut
www.dailyreportonline.com

As Big Banks Fall: The Bear Has Fallen & the Bull is Gone + In Debt We Trust Trailer


Dandelion Salad by Danny Schechter The Smirking Chimp March 18, 2008 Why the Financial Crisis Is Not Just About Finances New York: If you walk through London??s High Gate cemetery and wander over to the grave of the late Karl Marx and then lis
dandelionsalad.wordpress.com

Which Way Wednesday?


We??re pretty well covered after yesterday??s move, hopefully not too well covered. I outlined my case for caution in the evening post so we can spend this morning looking forward to where we want to be into expirations tomorrow. Having a short expir
www.philstockworld.com

Bank of America Cuts Prime Rate, Others to Follow - Reuters


The decrease came after the Federal Open Market Committee, the policy-making body of the US Federal Reserve, lowered its key overnight rate on loans between ...Bank of America and LaSalle Bank Lower Prime Lending Rate to 5.25 ... PR Newswire press releas
www.reuters.com