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FT.com: “AIG has ‘a day’ to stay afloat”
Read more: FT.com: “AIG has ‘a day’ to stay afloat”According to the FT: AIG, the troubled insurer that sits at the heart of the financial system, has one more day to come up with the capital to stay afloat, according to David Paterson, New York governor. ……
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AFP: Damien Hirst auction gets off to flying start in London
Read more: AFP: Damien Hirst auction gets off to flying start in LondonAFP reports: An unprecedented auction of works by British artist Damien Hirst was headed for the record books Monday, making more than 43 million pounds (78 million dollars, 55 million euros) in the first 90 minutes. … and…
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FT.com: “AIG forms keystone of financial system”
Read more: FT.com: “AIG forms keystone of financial system”According to the FT: The head of equities at one of the UK’s biggest investors said the repercussions should AIG fail were “potentially bigger than Lehmans. It is too big to go bust. If it does, we will…
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Mises.org: “Has Capitalism Failed?”
Read more: Mises.org: “Has Capitalism Failed?”Reflecting on the demise of Lehman Brothers and on Bank of America’s purchase of Merrill Lynch, I revisited an article by recent US presidential candidate Ron Paul, posted on mises.org: Capitalism should not be condemned, since we haven’t…
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ft.com: “Wall Street in turmoil”
Read more: ft.com: “Wall Street in turmoil”According to the FT: Wall Street was in turmoil on Monday as Merrill Lynch found shelter in a $50bn takeover by Bank of America and Lehman Brothers said it would file for bankruptcy protection. Now we get to find out what happens when the…
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Telegraph: “Russian Foreign Minister’s ‘F-word’ Tirade at Miliband”
Read more: Telegraph: “Russian Foreign Minister’s ‘F-word’ Tirade at Miliband”The unhappy state of diplomacy in the hands of New Labour: David Miliband, the Foreign Secretary, was subjected to a tirade of four-letter abuse when he spoke to his Russian counterpart over the country’s invasion of Georgia. One…
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FT.com: House prices show sharpest monthly fall since 1992
Read more: FT.com: House prices show sharpest monthly fall since 1992More housing market woe: The FT House Price Index recorded a drop of 1.3 per cent in August, the single largest monthly fall since October 1992, according to the latest figures released on Friday. This article places the…