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Daily Dispatches
Venezuela's oil accounts to dump the dollar
Submitted by cpowell on Mon, 2007-09-17 15:14 Section: Daily DispatchesBy Steven Bodzin
Bloomberg News Service
Monday, September 17, 2007
http://www.bloomberg.com/apps/news?pid=20601086&sid=aGBuWpZJ9cPI
CARACAS, Venezuela -- Venezuelan President Hugo Chavez instructed Petroleos de Venezuela SA, the state oil company, to convert its investment accounts from dollars to euros and Asian currencies to reduce risk.
Panic spreading, Britain guarantees all Northern Rock deposits
Submitted by cpowell on Mon, 2007-09-17 15:01 Section: Daily DispatchesBy Jean Eaglesham, Peter Thal Larsen,
Chris Giles, and Lina Saigol
Financial Times, London
Monday, September 17, 2007
http://www.ft.com/cms/s/2/39199b78-6489-11dc-90ea-0000779fd2ac.html
LONDON -- Alistair Darling, chancellor of the exchequer, has announced that the government will guarantee all deposits of Northern Rock account holders as ministers sought to calm savers' fears.
Ambrose Evans-Pritchard: Greenspan was more rock star than feared sage
Submitted by cpowell on Mon, 2007-09-17 00:56 Section: Daily DispatchesBy Ambrose Evans-Pritchard
The Telegraph, London
Monday, September 17, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/17/ccview...
We forget now, but Alan Greenspan rose in Washington as a political aide to Richard Nixon -- not as an economist.
Having opposed regulating them, Greenspan blames derivatives
Submitted by cpowell on Sun, 2007-09-16 22:56 Section: Daily DispatchesGreenspan Alert on US House Prices
By Krishna Guha
Financial Times, London
Monday, September 17, 2007
http://www.ft.com/cms/s/0/31207860-647f-11dc-90ea-0000779fd2ac.html
US house prices are likely to fall significantly from their present levels, Alan Greenspan has told the Financial Times, admitting that there was a bubble in the US housing market.
French foreign minister warns of war over Iranian nukes
Submitted by cpowell on Sun, 2007-09-16 20:38 Section: Daily DispatchesFrom Agence France-Presse
via Yahoo News
Sunday, September 16, 2007
http://news.yahoo.com/s/afp/20070916/wl_afp/franceirannuclear_0709161936...
PARIS -- The world should brace for a possible war over the Iranian nuclear crisis, but seeking a solution through talks should take priority, French Foreign Minister Bernard Kouchner said on Sunday.
So what's it worth when there's no regular market?
Submitted by cpowell on Sun, 2007-09-16 18:54 Section: Daily DispatchesBy Paul J. Davies, Jennifer Hughes, and Gillian Tett
Financial Times, London
Thursday, September 13, 2007
http://www.ft.com/cms/s/0/51f80dfe-6192-11dc-bf25-0000779fd2ac.html
Will Hutton: When net income won't cover gross habits
Submitted by cpowell on Sun, 2007-09-16 18:22 Section: Daily DispatchesBy Will Hutton
The Observer, London
Sunday, September 16, 2007
http://observer.guardian.co.uk/comment/story/0,,2170289,00.html
EU adopts flexible stance on bank crises
Submitted by cpowell on Sun, 2007-09-16 16:54 Section: Daily DispatchesBy Tony Barber
Financial Times, London
Sunday, September 16, 2007
http://www.ft.com/cms/s/0/05b34256-648a-11dc-90ea-0000779fd2ac.html
PORTO, Portugal -- European Union finance ministers and central bankers decided at the weekend against establishing fixed rules in advance on how to bail out banks or other financial institutions that have cross-border operations in the EU.
With a sling and a stone
Submitted by cpowell on Sun, 2007-09-16 13:41 Section: Daily Dispatches1:20p ET Sunday, September 16, 2007
Dear Friend of GATA and Gold:
Rise in Canadian dollar shows break with U.S. economy
Submitted by cpowell on Sun, 2007-09-16 12:44 Section: Daily DispatchesBy Haris Anwar
Bloomberg News Service
Monday, September 17, 2007
http://quote.bloomberg.com/apps/news?pid=20601087&sid=a6uPcUFdLnao
TORONTO -- Currency traders are concluding that there's nothing the U.S. economy can do that Canada's can't do better. Much better.
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