ECB, BOE Widen Liquidity Access (1)
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The ECB and the BOE introduced measures designed to make it easier for banks to get access to cash as money-market conditions continue to tighten.
ECB Holds its Key Rate Steady (1)
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The ECB kept its key rate steady at 4.25%, but in a major shift signaled that the next move would be down.
Latest Immigration Wave: Retreat (1)
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1 week, 1 day
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The impact of a shifting migration pattern in which Latin American immigrants are returning home is felt in the U.S. and beyond, in towns that depend to some degree on cash sent home by those working in the U.S.
Nobel Winners Ponder Regulation (1)
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1 month, 2 weeks
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Some of the world's brightest economic minds agree the current financial crisis exposed major flaws in the system, but disagree about the role regulators should play in preventing a repeat.
OPEC May Cut Output Next Month (1)
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1 month, 3 weeks
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OPEC could decide to roll over or cut crude oil production from existing levels when the group meets in early September in Vienna, Iran's OPEC governor said.
Fannie, Freddie Divide Economists (1)
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Chances are better than even that government money will be used to prop up Fannie Mae and Freddie Mac, economists in the latest Wall Street Journal survey said, and a sizeable minority said the institutions should be nationalized.
Greenspan Blasts Fannie, Freddie Fix (1)
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1 month, 3 weeks
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Alan Greenspan faults the U.S.'s approach in fixing Fannie Mae and Freddie Mac, saying the credit crisis offered an "ideal opportunity" to dismantle the mortgage giants. The former Fed chairman predicted U.S. home prices would reach their bottom in the first half of 2009.
Jobless Rate Hits 4-Year High (1)
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2 months, 1 week
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The U.S. unemployment rate jumped to a four-year high of 5.7% in July as companies shed 51,000 workers. The seventh straight payroll decline provides further evidence that the economy remains vulnerable to a recession in the second half.
States Slammed by Tax Shortfalls (1)
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2 months, 2 weeks
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States are being forced to slash spending and cut jobs in order to close a projected $40 billion shortfall in the current fiscal year. That gap is the result of broad economic weakness at the state and local levels that could cause pain throughout this year and into 2010, a report found. (Report)