Archive for October, 2008
EMERGENCY: NIKKEI DOWN ANOTHER 10%
October 10th, 2008Will they halt it? Watching live…
Dow Jones Suffers Biggest Percentage Decline in 20 Years
October 10th, 2008Pants shitter. Via: Telegraph: The Dow Jones index fell 678.9 to 8579.2, its biggest percentage drop since Black Monday in October 1987 and its third biggest points decline in history. In a staggering final hour of trading, the Dow fell more than 400 points after Standard & Poor’s downgraded car maker General Motors and investors […]
AIG, Castigated for Resort Event, Plans Another One
October 9th, 2008Via: Bloomberg: American International Group Inc., castigated by the White House, Congress and Barack Obama for hosting a $440,000 conference days after an $85 billion federal bailout, plans to hold another gathering for brokers next week. The event, at the Ritz-Carlton in California’s Half Moon Bay, aims to “motivate and educate” about 150 independent agents […]
Yemen Seizes ‘Israel-Linked’ Cell
October 9th, 2008Via: BBC: Yemeni President Ali Abdullah Saleh has said the security forces have arrested a group of alleged Islamist militants linked to Israeli intelligence. Mr Saleh did not say what evidence had been found to show the group’s links with Israel, a regional enemy of Yemen. The arrests were connected with an attack on the […]
U.S. Treasury Calls Emergency Weekend Meeting of G20
October 9th, 2008Via: Radio Australia: The co-ordinated interest rate cut by global central banks followed another disastrous day of trading in Asia, in which the Nikkei fell more than nine-percent, and the Indonesian stock exchange was suspended indefinitely. A few hours ago, the United States Treasury Secretary Henry Paulson welcomed the joint international move. “US and global […]
XM-25: You’d Better be Hiding Around Two Corners These Days
October 8th, 2008Via: Register: What you put in your big fat .98-calibre** slugs is a small HE-frag warhead – but that’s not the clever bit. The clever bit is the electronic precision time fuse, which is set wirelessly by the gun’s systems at the moment of firing. This means that the slug will explode at exactly the […]
Government to Spend £50 Billion to Part-Nationalise UK’s Banks
October 8th, 2008Via: Guardian: The government has confirmed that it will spend £50bn to part-nationalise Britain’s biggest banks, in a dramatic attempt to stop the country’s financial system melting down. Today’s momentous decision to pump £50bn of taxpayers’ money into the troubled banking sector came after government ministers and bank officials thrashed out the details of the […]
Sad Guys on Trading Floors
October 8th, 2008Sad Guys on Trading Floors HA
Gold Sharply Higher on Rate Cuts
October 8th, 2008Via: Dow Jones: New York gold futures traded sharply higher early Thursday following a coordinated rate cut by the Federal Reserve, European Central Bank and other major banks. This has triggered safe-haven buying on ongoing worries about the world financial system, as well as buying as a hedge against potential inflation down the road as […]
Syrian Troops Gather on Lebanese Border
October 8th, 2008Monitoring… Via: AP: A few tents and trucks dotting a green hill across the river are about all that is visible of a Syrian troop deployment on Lebanon’s northern border — a buildup that has raised concerns of a possible Syrian incursion. There was no sign Wednesday that the Syrian troops were preparing to cross […]
