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Monthly Archive October, 2009

Brown Plans Sale of $4.8 Billion in State Assets to Cut Deficit

October 12, 2009

U.K. Prime Minister Gordon Brown tomorrow will propose the sale of state assets including the Tote, the student loan book and the Dartford Crossing […]

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No-Money-Down Property Loans That Sank U.K. Housing Return

October 10, 2009

Stuart Heathcote and his wife never intended to buy a house this year. Then the U.K. government offered an incentive that changed their minds: […]

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Amazon cuts price of Kindle to $259

October 8, 2009

Amazon is cutting the price of its Kindle e-book reader in the U.S. and launching a version that can be used worldwide, the company […]

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JPMorgan’s Walters Bet Australia Would Raise Rates a Month Ago

Stephen Walters, the only economist surveyed by Bloomberg News to predict yesterday’s rate increase by Australia’s central bank, was convinced more than a month […]

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Senate committee winds up health-care debate

October 6, 2009

The Senate Finance Committee completed debate on proposed health-care legislation early Friday.
The Finance Committee was the last congressional panel to consider a health-care reform […]

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G7 presses for stronger yuan

October 5, 2009

The Group of Seven rich nations urged China on Saturday to strengthen the yuan, but gave no sign of how it might overcome Chinese […]

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Even tougher for minorities to get mortgages

October 4, 2009

The housing collapse has made it even tougher for blacks and Hispanics to get mortgages, according to a new government report.
While credit has tightened […]

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IMF raises global economic forecast

October 2, 2009

The world economy is finally stirring from a deep recession led by a swift turnaround in Asia, the International Monetary Fund said on Thursday, […]

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IMF Cuts Forecast for Global Losses to $3.4 Trillion

October 1, 2009

The International Monetary Fund cut its projection for global writedowns on loans and investments by 15 percent to $3.4 trillion, citing improvements in credit […]

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