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| | | ... Australian share market plunged almost six per cent to a four year low following heavy falls on Wall Street after the US government refused to buy banks' soured mortgage assets. The benchmark S&P/ASX200 index dived 230 points, or 5.86 per cent, to 3,697.3 ... |
| | | | ... money and urged to borrow to spend to solve a problem rooted in over-borrowing and excessive spending. However, the US government should beware the Riccardian equivalence. Nineteenth century political economist, David Riccardo, theorised that government ... |
| | | | ... markets to 'more normal' conditions, but warned that this will not happen immediately. Bernanke also called on the US government to implement a 'well-targeted' fiscal stimulus package to contain further deterioration in the economic outlook, adding that ... |
| | | | 'Rome was not built in a day.' Wall Street's behaviour over the past few days reflects the GenXers and GenYers culture of instant gratification. Flick a switch and dinner is cooked, the music plays, moving images play on the screen. Click on the mouse ... |
| | | | The future of AIG Life Australia might be assured, but the US government has been forced to extend the lifeline extended to AIG in the US by another A$54 billion. The new arrangement is being structured through a securities lending agreement where the ... |
| | | | ... holdings, perhaps wishing for a larger reduction, but more likely fearing the impact of a global recession. Even US government bonds provided no shelter. US government bond yields -- from 1 to 30-year maturity - all rose following the Treasury's announcement ... |
| | | | ... in credit markets. News of declining factory orders and a seven-year high in jobless claims stoked fears that the US Government's financial rescue plan won't ward off a recession. The Dow plummeted 348.22 points, or 3.22 per cent, to 10,482.85, while ... |
| | | | ... bubble that has now exploded. Actor Russell Crowe yesterday said the easiest way to solve the crisis would be for the US government to give US$1 million to every American, noting that his plan was undermined by huge numerical errors. Crowe was speaking ... |
| | | | ... financial system. Asset prices rise. The Exchange Stabilisation Fund is able to dispose of the troubled assets. US government winds down the Fund. Regulators reverse bans on short-selling warning speculators that they would not hesitate to bring back ... |
| | | | ... share market was lower at noon after Wall Street fell on the back of growing doubts over the effectiveness of the US government's proposed bailout of the financial sector. Locally it wasn't a sea of red though, with relief supplied by each of the gold ... |
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