Monday, March 31, 2008

More economic issues

PAPER: Fed eyes Nordic-style nationalization of banks...



MORE POWER...

...overhaul of Wall Street regulation

High Rice Cost Creating Fears of Asia Unrest : Rising prices and a growing fear of scarcity have prompted some of the world’s largest rice producers to announce drastic limits on the amount of rice they export.

S.Korea pension fund says to shun US Treasuries: South Korea's National Pension Service (NPS), the world's fifth-biggest pension fund, said on Thursday it was shying away from U.S. Treasuries because of falling yields and the weakening dollar.

US to propose sweeping new powers for Fed: report: Citing a summary of the plan provided by the administration, the newspaper said the Fed will gain the power to investigate any activities of financial institutions that threaten US economic stability, gather information and combat risks to the financial system as a whole.

Home Price Decline Steepest in 21 Years : The Standard & Poor's/Case-Shiller index shows U.S. home prices fell 11.4 percent in January, its steepest drop since S&P started collecting data in 1987.

Chinese Exporters Shun Flagging Dolllar

Chase Subprime Mtge Memo Pushes 'Cheats & Tricks'

Federal Reserve To Inject Another $100B

Treasury Plan Would Give Fed Wide New Power

Class Action Filed Against Bear Stearns

Bush Wants To Greatly ENLARGE The FED'S Power


US Faces $53 Trillion Financial Asteroid


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