House Passes Bill With “Global Bailout” Provision
The House has passed a war funding bill which had tagged onto it a completely unrelated provision to hand over $5 billion to secure $108 billion in loans to the IMF.
North Korea has reacted sharply to a U.S. statement by threatening to carry out a “thousand-fold” military retaliation against America and its allies, if provoked.
America elected Obama because he promised to bring change, including a change to the financial system.
Time for ‘new world order’: Brazilian President
The global financial crisis has reduced the differences between nations and created the opportunity to form a new world order, Brazilian President Luiz Inacio Lula da Silva said Wednesday.
China sells US bonds to ’show concern’
A decision by China to reduce its US Treasury holdings suggests concern about the US attitude towards its economic woes, Chinese economists were quoted as saying in state media Wednesday.
• Dollar drops on reserve currency doubts
• Rep. Mark Kirk: Stop Policies of ‘More Taxes, More Spending and More Borrowing’
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