Friday, 3 October 2008

Estimates show Palin assets top $1 million: Add up the couple's 2007 income and the estimated value of their property and investments and they appear to be worth at least $1.2 million. That would make the Palins, like Democratic vice presidential rival Joe Biden and his wife Jill, well-off but not nearly as wealthy as multimillionaire couples John and Cindy McCain and, to a lesser extent, Barack and Michelle Obama.

France calls financial crisis summit: UK prime minister Gordon Brown and the leaders of Germany and Italy are among those attending, President Nicolas Sarkozy’s office said.

European Governments Should Look to Ireland's Response on Credit Crisis: This was the week the credit crisis swept Europe. The fireworks began on Monday as Glitnir bank in Iceland was nationalised; Hypo Real Estate in Germany was rescued by a consortium of other German banks; and Fortis, the largest private employer in Belgium, was propped up by governments in the Benelux countries.

Bailout Passes U.S. Senate, House Foes Soften: After one spectacular failure, the $700 billion financial industry bailout found a second life Wednesday, winning lopsided passage in the U.S. Senate and gaining ground in the House, where Republicans opposition softened.

Soros Says Paulson's Financial-Rescue Plan Is `Ill-Conceived': Billionaire investor George Soros said the U.S. should inject equity into banks rather than buy their bad debts as proposed by Treasury Secretary Henry Paulson in his financial-rescue package.

Wall Street battered by economic fears, credit worry: Stocks slid on Thursday as tight credit markets and bleak economic data forced investors to focus on the rocky road still ahead for the U.S. economy even if Congress passes a $700 billion rescue package.

Middle Americans unite against the great bank rescue: “It's goddamn un-American,” Mr Benway said as he leant against his pickup outside the Thrift Store in Richfield, Minnesota. “We don't give money to companies. We're not France - yet.” For Ms Valentine, sitting in a nearby mall: “Congress was right to vote the Bill down. It doesn't tackle the root causes or help the people that need it.”