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Introduction
09/10/2008 A discussion about the economy with Robert Rubin and Larry Summers
To day NYT Podcast | Menu
Real estate
Canadian dollar is expected to decline against its U.S. counterpart.
The economy
See also JACQUES CLEMENT: Pages ON THE ECONOMY
Previous Videos
Notes by Herb Bercovitz OWN
Editor: Diana Thébaud Nicholson OWN
Radio, the long-lasting treasure
Wed1385 | Wed1385RJG slide show
Oil
Note
Wednesday-Night creates charts and follows stocks, including timely related financial news items, in which Wednesday Nighters are interested and in order to demonstrate a service that could eventually be developed and marketed. Wednesday Nighters are invited to participate and help to test the service.
see Wednesday-Night.com Flip charts
QUOTES of the EVENING from recent Wednesday Nights
2008
Past Quotes Best or All
W-N Links for this W-N
nsnbc Economy Where Next
2008 Notes for this Wed-Night
Stephen S. Poloz VP EDC Economics Weekly Commentary Plugging-In to Private Sector Power - September 17, 2008 Energy security led the agenda at last week's XVIII Economic Forum of Central Europe, held in Krynica, Poland. Interest in the topic is not new, but the rise in energy costs over the past year has injected a new sense of urgency into the dialogue. Past issues | his WN page
Commentary podcast.
Wednesday-Night.com/Wed1383.asp
- 1379_Brian_Morel_Cassandra.wmv 23 sep 2008 - 3 min
Video page
Saturday 20 September 2008 Bush defends US debt rescue plan US President George W Bush has defended a rescue package to tackle the worst financial markets crisis for decades. The cost to taxpayers from shoring up markets was better than the alternative of job losses and blighted retirement accounts, he said in a radio address.
19 September 2008 TORONTO The Toronto Stock Exchange?s main index exploded 600 points
higher on Friday morning as news...
Thursday 18 September 2008 The worst is yet to come
Global finance is being torn apart; it can be put back together again
Illustration by Oliver Burston
FINANCE houses set out to be monuments of stone and steel. In the widening gyre the greatest of them have splintered into matchwood. Ten short days saw the nationalisation, failure or rescue of what was once the world’s biggest insurer, with assets of $1 trillion, two of the world’s biggest investment banks, with combined assets of another $1.5 trillion, and two giants of America’s mortgage markets, with assets of $1.8 trillion. The government of the world’s leading capitalist nation has been sucked deep into the maelstrom of its most capitalist industry. And it looks overwhelmed.
09/16/2008 A conversation with Maurice Greenberg AIG
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09/15/2008 Lawrence Summers, Charles Gasparino, Andrew Ross Sorkin, Nouriel Roubini, Josh Rosner
Wednesday 17 September 2008 US government rescues insurer AIG
The US Federal Reserve announces an $85bn rescue package for AIG, the country's biggest insurance company as authorities strive to prevent a financial meltdown.
Tuesday 16 September 2008 Fed bails out AIG
$85 billion loan includes 79.9% stake in insurance giant Central bank announces $85 billion loan to keep cash-starved insurer falling into bankruptcy. Fed 's terms include stake in company, other conditions.
A Year of Heavy Losses
A year ago, financial companies were flying high. But as problems in the mortgage and credit markets have grown, the stocks of many Wall Street firms have been hard hit. Some of the biggest companies have been bought out, taken over by the government or gone bankrupt.
Tuesday 16 September 2008 The country's fourth-biggest investment bank, Lehman Brothers Holdings Inc., has filed for bankruptcy. The 158-year-old institution said it had filed for Chapter 11 bankruptcy protection from its creditors, and would seek to sell off various of its business units. The broker collapsed under $60 billion in poor real estate holdings and a tight a credit market. Lehman was told on Friday not to expect assistance from federal government, and on Sunday British bank Barclays PLC withdrew a takeover offer. Canada's Imperial Bank of Commerce revealed on Monday that it has $25 million of exposure to the insolvent brokerage. The collapse had severe effects on world stock markets, the TSE plunging 515 points to 12, 254, a loss of four per cent. In New York, the Dow Jones fell 504 points to 10,254 and Nasdaq closed 81 down at 2,179.
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