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Daily Dispatches

The Fed as central bank to the world

Section: Daily Dispatches

By Jacqueline Thorpe
Financial Post / National Post, Toronto
Sunday, November 02, 2008

http://www.financialpost.com/news/story.html?id=927271

Nicolas Sarkozy may be pushing for a new financial order but Federal Reserve Chairman Ben Bernanke and U.S. Treasury Secretary Henry Paulson have beaten him to it.

William Greider: Paulson's swindle revealed

Section: Daily Dispatches

By William Greider
The Nation
Wednesday, October 29, 2008

http://www.thenation.com/doc/20081110/greider2

Pressure mounts for UK and EU rate cuts

Section: Daily Dispatches

By Chris Cook
Financial Times, London
Sunday, November 2, 2008

http://www.ft.com/cms/s/0/8944cdd0-a915-11dd-a19a-000077b07658.html

British and EU monetary policymakers are facing mounting pressure to slash interest rates to historic lows.

Sinclair helps you take metal off exchanges; he'll do it too

Section: Daily Dispatches

6p ET Friday, October 31, 2008

Dear Friend of GATA and Gold:

GMAC aims to become bank, tap U.S. Treasury for cash

Section: Daily Dispatches

By Jonathan Stempel
Reuters
Thursday, October 30, 2008

http://www.reuters.com/article/ousiv/idUSTRE49U0F620081031

NEW YORK -- GMAC LLC, the money-losing auto finance and mortgage provider, on Thursday confirmed it was seeking to become a bank holding company and said it plans to overhaul and slash its debt load, barely four months after completing a $60 billion refinancing package.

IMF denies selling or leasing gold this year

Section: Daily Dispatches

6:45p ET Thursday, October 30, 3008

Dear Friend of GATA and Gold:

In response to an inquiry from GATA, the International Monetary Fund today told the office of U.S. Rep. John B. Larson, D-Connecticut, that it has not sold, leased, or lent gold this year and, indeed, has not done so since 1999.

The IMF referred Larson's office to three documents for further information.

Fed official can see interest rates close to zero

Section: Daily Dispatches

By Vivien Lou Chen
Bloomberg News
Thursday, October 30, 2008

http://www.bloomberg.com/apps/news?pid=20601087&sid=a.VDZUEW6e2M&refer=home

SAN FRANCISCO -- Federal Reserve Bank of San Francisco President Janet Yellen said the central bank may cut the benchmark interest rate close to zero percent from the current 1 percent level should the economy remain weak.

Japan's desperate bid to kick-start economy

Section: Daily Dispatches

By Ambrose Evans-Pritchard
The Telegraph, London
Thursday, October 30, 3008

http://www.telegraph.co.uk/news/worldnews/asia/japan/3286794/Japans-desp...

AngloGold, Newmont CEOs cite gold production decline

Section: Daily Dispatches

5:40p ET Thursday, October 30, 2008

Dear Friend of GATA and Gold:

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