You are here
Daily Dispatches
The Fed as central bank to the world
Submitted by cpowell on Mon, 2008-11-03 00:58 Section: Daily DispatchesBy 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
Submitted by cpowell on Sun, 2008-11-02 18:47 Section: Daily DispatchesBy William Greider
The Nation
Wednesday, October 29, 2008
Pressure mounts for UK and EU rate cuts
Submitted by cpowell on Sun, 2008-11-02 18:24 Section: Daily DispatchesBy 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.
Spectre of deflation lurks as global demand drops
Submitted by cpowell on Sat, 2008-11-01 11:06 Section: Daily DispatchesBy Peter S. Goodman
The New York Times
Friday, October 31, 2008
http://www.nytimes.com/2008/11/01/business/economy/01deflation.html?
Sinclair helps you take metal off exchanges; he'll do it too
Submitted by cpowell on Fri, 2008-10-31 18:01 Section: Daily Dispatches6p ET Friday, October 31, 2008
Dear Friend of GATA and Gold:
GMAC aims to become bank, tap U.S. Treasury for cash
Submitted by cpowell on Thu, 2008-10-30 23:27 Section: Daily DispatchesBy 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
Submitted by cpowell on Thu, 2008-10-30 18:46 Section: Daily Dispatches6:45p 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
Submitted by cpowell on Thu, 2008-10-30 17:59 Section: Daily DispatchesBy 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
Submitted by cpowell on Thu, 2008-10-30 17:52 Section: Daily DispatchesBy 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
Submitted by cpowell on Thu, 2008-10-30 17:41 Section: Daily Dispatches5:40p ET Thursday, October 30, 2008
Dear Friend of GATA and Gold: