ice melt
The amount of ice that has been melting away in the North pole has been on the rise due to manmade climate change, although, that’s not the only reason.
This year, a record amount of ice melted. People from around the world find the rapidly...
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The economy lurched deeper into the doldrums Wednesday and took the stock market down with it, sending the Dow Jones industrials to a staggering 733-point loss and...
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Debt insurers, say hello to government regulation. Say farewell to voluntary compliance and disclosure.
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The global financial crisis could hardly come at a worse time for nations seeking a new agreement on climate change that _ on top of everything else _ will cost tens of...
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President Bush said Wednesday he’s against government taking part ownership in private businesses, but that it’s necessary this time _ for a while....
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Many Americans have forgotten what a deep recession feels like. In recent years, periods of economic expansion have lasted longer, and recent downturns have been...
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Poland’s finance minister says EU leaders have endorsed a continent-wide bailout for the banking sector.
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Leaders of the Group of Eight major industrial countries said Wednesday they will meet “in the near future” for a global summit to tackle the financial...
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President Bush says the bank rescue plan is limited because federal ownership of businesses is not good for the United States.
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Leaders of the Group of Eight major industrial countries said Wednesday they will meet “in the near future” to map strategies to deal with the global...
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Leaders of the Group of Eight major industrial countries say they will meet “in the near future” to map strategies to deal with the global financial...
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President Bush, allying concern about federal intervention in the market, said Wednesday that the government will be a “passive investor” in shoring up...
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President Bush says the government will be a “passive investor” in shoring up banks and that the financial industry rescue plan is designed to preserve _...
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Iceland’s central bank slashed official interest rates by 3.5 percentage points on Wednesday as it warned that the collapse of its banking system will lead to a...
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Treasury Secretary Henry Paulson said Wednesday he expects the economy to improve eventually because of the updated financial bailout package, but there will be a...
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Hungary’s currency has crumbled. Stocks have plunged in Poland. Real estate prices have eroded by 40 percent in Estonia.
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Major elements of the government’s revamped $700 billion package to rescue the financial system and help homeowners facing foreclosures on their mortgages:
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The U.S. plan to ease the credit crisis by investing in banks retraces steps taken during the Depression by an agency that accomplished its mission _ but became a...
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For all the thorny free-market issues raised, the big U.S. intervention in banks does have precedents _ from wholesale wartime takeovers of entire industries to the...
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President Bush will hold talks on the global economic turmoil Saturday at his Camp David retreat with French President Nicholas Sarkozy.
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President Bush on Tuesday announced a $250 billion plan by the government to directly buy shares in the nation’s leading banks, saying the drastic steps were...
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