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McCain and Obama support cut in interest rates - Houston Chronicle
— Statements by presidential candidates Republican John McCain and Democrat Barack Obama on the Federal Reserve's action Wednesday to cut interest rates. I applaud the move by the Open Market Committee of the Federal Reserve and other national ...

Obama rejects McCain's mortgage buyup plan - MSNBC
Sen. Barack Obama becomes the first African-American presidential nominee of a major political party. NBC's Andrea Mitchell reports. INDIANAPOLIS - Democrat Barack Obama's campaign criticized John McCain's mortgage bailout plan Wednesday, saying it ...

Flaherty vows to speed up infrastructure projects - Globe and Mail
Casual Observer from The End of the world as we have known it., Canada writes: I love it. This is exactly what I thought the Liberals should be saying. Instead, Dion says today that the economy will slow down their plan. I guess the tories ...

McCain's befuddling $300-billion mortgage-crisis plan - Globe and Mail
WASHINGTON -- John McCain is calling for another surge. Why he's calling for it is understandable. It's the how part that's baffling. At the beginning of Tuesday night's presidential debate, Mr. McCain unveiled a hugely ambitious and hugely expensive ...

Head of ethics group resigns; résumé inaccurate - Lexington Herald-Leader
DeAndre McGinnis Mitchell is expected to resign. The man appointed by Lexington Mayor Jim Newberry to lead a committee for ethical business practices inflated his résumé in recent years, wrongly claiming credit for achievements that were not his ...

The $700 Billion Question - Forbes
Whether or not Congress approves the Bush administration's $700 billion Wall Street rescue plan, a question hangs in the air: Will it work? Economists and financial experts don't all agree that a taxpayer-funded purchase of troubled mortgage ...

McCain fleshes out his plan to buy mortgages - St. Petersburg Times
In a debate that featured rehashed candidate positions, one new policy emerged: Sen. John McCain's proposal to have the government buy and renegotiate "literally millions" of mortgages on houses whose values have dropped and whose owners are ...

Obama: McCain plan rewards bad behavior - MSNBC
Oct. 9: With 26 days to go before Election Day, NBC's Kelly O'Donnell and Lee Cowan report from the campaign trail. WASHINGTON - Democrat Barack Obama derided Republican opponent John McCain 's mortgage buyout plan on Thursday as a misdirected effort ...

The pressure is on for a BIG interest cut - New Zealand Herald
In a shock-and-awe move, the Reserve Bank of Australia has cut its official cash rate by a full percentage point, putting pressure on its New Zealand counterpart to follow suit. The cut, from 7 to 6 per cent, is the biggest the RBA has made since ...

Anxiety Rising As Stock Slide Continues - US News and World Report
Despite a coordinated move by central banks across the planet to cut interest rates, stock markets continued their downward spiral yesterday. Media reports are casting the global rate cuts as unprecedented, and reporting the market's response in ...



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