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A collection of news and information related to Ben Bernanke published by Tribune Company sources.
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U.S. will buy stock in banks to boost capital
Associated PressThe government will buy an ownership stake in a broad array of U.S. banks for the first time since the Depression, Treasury Secretary Henry M. Paulson Jr. said late yesterday, announcing the historic step after stock markets fell still lower around the...Tags: Stock Activities, Credit Ratings, Central Bank, Money and Monetary Policy, The White House
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Wall Street finishes worst week ever
Of The Associated PressSpeaking at the White House Friday as finance ministers and central bankers from around the world gathered nearby. Stock markets jolted still lower in the U.S. and around the world Friday despite all efforts to slow the selling stampede, and the globe'...Tags: Stock Activities, Central Bank, Credit Ratings, Money and Monetary Policy, Banking
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G7 Endorses Plan To Battle Financial Crisis
The tsunami of global stock sell-offs swept through Europe on Friday as European shareholders deserted the markets in droves, pushing down stock prices in a frenzy some dubbed "red October." Exchanges that had hit record highs just a year ago plunged...Tags: Credit Ratings, Money and Monetary Policy, Financial Markets, Moody's Corporation, Henry Paulson
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At the NYSE, gloom sweeps the floor
Los Angeles Times Staff WritersAs Wall Street yo-yoed through another day of breathless ups and downs, a pall of dejection and despair hung over the august New York Stock Exchange, the epicenter of the country's economic malaise. Harried traders frantically tried to recover from a...Tags: Stock Activities, J.P. Morgan Chase & Co., Financial Markets, New York Stock Exchange, Stock Market
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Expressway: Losing a job? Just plain careless
Bob Brody lives in Forest Hills.Almost six months ago, I lost my job. At first I thought I might have misplaced it. I've done that with my keys a few times. So I checked all my pants pockets. But no go. Then I thought I might have dropped it somewhere. So I got my flashlight and looked...Tags: Google Inc., Melville, Transportation, Internal Revenue Service, Road Transportation
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Gloom, despair hang over NYSE
Tribune NewspapersNEW YORK — As Wall Street yo-yoed through another day of breathless ups and downs, a pall of dejection and despair hung over the august New York Stock Exchange, the epicenter of the country's economic malaise. Harried traders frantically tried to...Tags: J.P. Morgan Chase & Co., Financial Markets, New York Stock Exchange, Stock Market, Metal and Mineral
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Top economic powers endorse plan to battle financial crisis
AP Economics WriterWASHINGTON (AP) _ Finance officials from the world's top economic powers endorsed a plan Friday to stem the worst financial crisis in more than a half-century. The officials from the Group of Seven countries issued the five-point plan aimed at...Tags: Credit Ratings, Money and Monetary Policy, Financial Markets, Moody's Corporation, Henry Paulson
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Paulson says feds to buy stock in financial institutions
AP Economics WriterTreasury Secretary Henry Paulson said Friday that the Bush administration will move ahead with a plan to buy stock in financial institutions. Paulson said the program to purchase stock in financial institutions will be open to a broad array of...Tags: Credit Ratings, Money and Monetary Policy, Financial Markets, Henry Paulson, Federal Reserve
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Text of President Bush's remarks Friday on the economy
Text of President Bush's remarks on the economy Friday, as provided by the White House: ___ BUSH: Good morning. Over the past few days, we have witnessed a startling drop in the stock market — much of it driven by uncertainty and fear. This has...Tags: Securities, Financial and Business Services, Money and Monetary Policy, The White House, Foreclosures
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President's statement on the economy
Good morning. Over the past few days, we have witnessed a startling drop in the stock market -- much of it driven by uncertainty and fear. This has been a deeply unsettling period for the American people. Many of our citizens have serious concerns about...Tags: Securities, Financial and Business Services, Money and Monetary Policy, Foreclosures, Financial Markets
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Panicky sell-off drags the Dow under 9,000
From Sun news servicesA runaway train of a sell-off turned the anniversary of the stock market peak into one of the worst days in Wall Street history yesterday, driving the Dow Jones industrials down a breathtaking 678.91 points and deepening a financial crisis that has defied...Tags: Credit Ratings, Money and Monetary Policy, The White House, Government, National Government
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Analysis: U.S. has dwindling number of tools in economic crisis
The Associated PressWhat's left in Uncle Sam's economic tool kit? The commitment of $700 billion didn't impress markets here and around the world. Neither did fresh interest rate cuts. Stocks plunged yet again on Thursday. The government still has some unused options --...Tags: Financial and Business Services, Central Bank, Money and Monetary Policy, Foreclosures, The White House
Oct 11, 2008
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Oct 10, 2008
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Oct 9, 2008
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