THE US Federal Reserve cut a key interest rate by a half-percentage point today as part of an aggressive effort to halt a sharp slowdown in an economy hit by a housing slump and a credit crunch
THE US Federal Reserve trimmed its base federal funds rate by half a point ovenight to 3.0 per cent in its second cut in eight days to help an economy that some say is on the brink of recession
The US Federal Reserve`s decision to cut its key interest rate and its suggestion that more cuts are in the pipeline will be ongoing positives for the Australian dollar
SOCIETE Generale`s board has kept faith with chairman Daniel Bouton but left him off a new committee to take charge of the crisis over multibillion-dollar rogue trader loss
US STOCKS finished lower yesterday as the market rallied but then reversed course in volatile late-day action following a half-point cut in interest rates by the Federal Reserve
AUSTRALIAN businesses are confident the local economy can withstand a slowdown in the United States and have plans to spend billions of dollars more on infrastructure, a leading economic forecaster said
US stocks fell overnight as investors feared that any boost to the economy from an expected Federal Reserve rate cut later in the day would be short-lived as the central bank may soon have to reverse course to respond to signs of rising inflation
EUROPE`S main stock markets closed lower overnight as investors digested more bad news for the banks from the US subprime crisis ahead of a key US decision on interest rates, dealers said
A SUICIDE bomber drove into a hail of bullets to set off a bomb outside a police station in eastern Algeria that security services said killed four people and injured 20
NINE bodies and 10 severed heads were found in an abandoned field north of Baghdad in a region where US and Iraqi forces are pressing ahead with offensives against al-Qaeda forces
IRANIAN President Mahmoud Ahmadinejad says Iran will not be stopped from pursuing its controversial nuclear drive, as world powers seek to impose fresh sanctions on Tehran
HARDLINE president Mahmoud Ahmadinejad has renewed his verbal attack on Israel, saying its days are numbered and predicting that the "filthy Zionist entity" will fall sooner or later
UNIVERSITIES needed to flick their switches from "transmit" to "receive" in order to adapt to new patterns of knowledge transfer, a visiting innovation policy expert has warned
A WEBSITE which promised to give music lovers the world`s first legal file-sharing service was forced into a humiliating climbdown after it emerged that the company had not secured the backing of the record industry
WEBJET founder and managing director David Clarke is not upset that his attempt to take over online travel agency Travel.com has been gazumped by online accommodation company Wotif
As a member of the Bog Snorklers Association of Australia Mr Howard allowed members of the Seat Sniffers Society to join the Union of the Liberal and National Parties. But as members they were not allowed to mention the word UNION because this would associate them with their prefered activities.
Posted by: Hazard of Downunder. 4:33pm today
What a Statesman!
Posted by: Pat McGroin of Rio 4:32pm today
As opposed to KRudd - who bypasses that whole scenario, and goes straight in to kissing the ass!
Posted by: Marks 4:30pm today
DY, you are obviously single, and possibly acrimoniously divorced.
Posted by: Bella 4:30pm today
The man is a sick disgrace.He is no person to lead a political party anywhere. I for one would not vote for his party because of him
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