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Daily Dispatches
Central banks fail to calm money markets as cash hunger grows
Submitted by cpowell on Tue, 2007-09-25 21:10 Section: Daily DispatchesCentral Banks' Actions
Fail to Calm Money Markets
By Michael Mackenzie, Stacy-Marie Ishmael,
Ralph Atkins, and Gillian Tett
Financial Times, London
Tuesday, September 25, 2007
http://www.ft.com/cms/s/0/756fe446-6b9c-11dc-863b-0000779fd2ac.html
Northern Rock cancels dividend, negotiates sale
Submitted by cpowell on Tue, 2007-09-25 20:40 Section: Daily DispatchesBy Philip Aldrick
The Telegraph, London
Tuesday, September 25, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/25/bcnroc...
Northern Rock has caved into pressure from politicians and taxpayer groups and axed its L59 million interim dividend payment.
Newcrest will close last gold hedges within 12 months
Submitted by cpowell on Tue, 2007-09-25 20:27 Section: Daily DispatchesFrom Reuters
Tuesday, September 25, 2007
http://www.reuters.com/article/marketsNews/idUKN2543167720070925?rpc=44
DENVER -- Australia's biggest gold miner, Newcrest Mining Ltd., said Tuesday it is committed to buy back the remaining 1.7 million ounces of its gold hedges from the market in the next 12 months, a move that could extend support to the price of bullion.
Ted Butler: Still extreme
Submitted by cpowell on Tue, 2007-09-25 14:51 Section: Daily Dispatches2:50p ET Tuesday, September 25, 2007
Dear Friend of GATA and Gold:
Gold price suppression briefly breaks into Kudlow show on CNBC
Submitted by cpowell on Tue, 2007-09-25 01:13 Section: Daily Dispatches1:07a ET Tuesday, September 25, 2007
Dear Friend of GATA and Gold:
Larry Kudlow's program of market commentary on CNBC briefly got out of control Monday afternoon when one of the panelists, John Browne, editor of MoneyNews.com, uttered a few words about a forbidden subject.
Bailed out by taxpayers, bank raises dividend, continues CEO's huge salary
Submitted by cpowell on Tue, 2007-09-25 00:43 Section: Daily DispatchesAnger as Northern Rock Plans Dividend
By Philip Aldrick and Harry Wallop
The Telegraph, London
Tuesday, September 25, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/25/cnrock...
John F. Wasik: Consumer price index is just a lot of spin
Submitted by cpowell on Mon, 2007-09-24 23:28 Section: Daily DispatchesBy John F. Wasik
Bloomberg News Service
Monday, September 24, 2007
http://www.bloomberg.com/apps/news?pid=20601039&sid=a2SUCQ3Bslk0&refer=home
The U.S. consumer price index continues to be a testament to the art of economic spin.
James Turk: Four important charts
Submitted by cpowell on Mon, 2007-09-24 09:16 Section: Daily Dispatches9:15a ET Monday, September 24, 2007
Dear Friend of GATA and Gold:
Mike Kosares: What if you'd been waiting in line at Northern Rock?
Submitted by cpowell on Mon, 2007-09-24 01:35 Section: Daily DispatchesBy Michael Kosares
Centennial Precious Metals, Denver
www.USAGold.com
Sunday, September 23, 2007
Who is at risk in Alan Greenspan's "Age of Turbulence? (And we should not doubt for a minute that we do
indeed live in an age of unprecedented turbulence.)
Is it the Federal Reserve?
No, the Fed suffers no ramifications for any of its actions or pronouncements.
How Bank of England was compelled to rescue Northern Rock
Submitted by cpowell on Sun, 2007-09-23 12:47 Section: Daily DispatchesDid the Bank of England
Cave In to Political Pressure?
By Iain Dey
The Telegraph, London
Sunday, September 23, 2007
http://www.telegraph.co.uk/money/main.jhtml?xml=/money/2007/09/23/ccbank...
It was late on Tuesday afternoon when Mervyn King summoned the chief executives of Britain's top five banks to a meeting that night at the Bank of England.
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