Britannia Radio

Last Updated: Saturday, October 11, 2008 12:44 GMT
US to Buy Stakes in Banks, Plans Recapitalization Plan For Financial Firms
As the financial crisis threatens to spiral out of control, U.S. Treasury Secretary Henry Paulson is taking extraordinary steps through the extensive authority granted to him under emergency rescue legislation.

• G-7 Commit to `All Necessary Steps’ to Stem Global Meltdown 
• Swathes of global banking system to be ‘part-nationalised’ under G7 plan after Freefall Friday ends FTSE’s worst week 
• Cramer: Get Ready for Another Black Monday 
• Berlusconi Says Leaders May Close World’s Markets 
• White House dismisses idea of market suspension 
• The Derivatives Game 
• Gordon Brown accused of sabotaging Iceland economy 
• Who Got Nailed on Lehman’s Credit Default Swaps?

Monsanto-Backed State Bill Seeks to Outlaw rBGH-Free Label Claims on Milk Products 
The Indiana House of Representatives is considering a bill that would prohibit dairy products from being labeled as free of recombinant bovine growth hormone (rBGH).

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Run On The System: Black Friday
Stock markets across the world are in a state of hysteria. The tidal wave of sell-offs, which began when Henry Paulson announced the Bush administration’s $700 billion bailout plan for the sinking banking system, has swelled into a global tsunami racing round the globe. Shares fell sharply across Europe and Asia for the fifth straight day following a 679 drop on the Dow Jones.

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• Global Stocks Tumble, Driving S&P 500 to Worst Week on Record
• Bush calls for calm amid global stock market panic