Worldwide
Bernanke Says Large Bank Bailouts `Unconscionable,' Must Not Occur Again Federal Reserve Chairman Ben S.
Bernanke said government bailouts of large financial firms are
“unconscionable” and must be ended as part of a regulatory
overhaul following the worst financial crisis since the 1930s.
Merkel Open to European Union Aid to Greece; No Decision on IMF Assistance Chancellor Angela Merkel signaled
that Germany is open to European Union aid to Greece and
denounced what she called “superficial” European solidarity
that doesn’t face up to the need for fiscal discipline.
India's Surprise Rate Rise Is `Sign of Things to Come' in Inflation Fight India’s central bank will probably
raise interest rates again next month as the first increase in
two years is only the initial step in the battle against
inflation, BNP Paribas SA and Standard Chartered Plc said.
Oil India, Indian Oil Said to Make Rejected $600 Million Gulfsands Offer Oil India Ltd. and Indian Oil Corp.
jointly made the bid for Gulfsands Petroleum Plc that the U.K.
company with assets in Syria and the Gulf of Mexico rejected
last week, three people familiar with the matter said.
Treasury Yield Curve Flattest Since January on Inflation Outlook, Supply The difference in yield between 2-
and 10-year Treasury notes narrowed for a fifth week as the
Federal Reserve reiterated it would keep borrowing costs low for
an “extended” period and reports showed a lack of inflation.
Billionaire Gores Brothers Said to Consider Joint Bid for Disney's Miramax Alec and Tom Gores, billionaire
brothers who run separate private equity firms, are weighing a
joint bid for Walt Disney Co.’s Miramax film studio, according
to two people with knowledge of the plans.
Senate's Dodd Weighs Changes to Financial-Rules Plan Amid 399 Amendments Senate Banking Committee Chairman
Christopher Dodd will begin weighing amendments to his proposed
overhaul of financial rules next week after accepting a change
sought by Federal Deposit Insurance Corp. Chairman Sheila Bair.
Democrats Drop Deem-and-Pass Plan, Schedule Up-or-Down Vote on Health Bill House Democrats will drop plans to
avoid a direct up-or-down vote on Senate health-care legislation
when the bill comes to the floor tomorrow, Representative Henry
Waxman said.
Lobbying Groups Target Undecideds in Final Hours of Health-Overhaul Debate Groups on both sides of the health-
care debate took to the airwaves, the phones and the streets to
try to woo a small number of lawmakers in advance of tomorrow’s
landmark vote in the U.S. House.
Red River's Flooding May Be Checked as Freezing Weather Slows Ice Thaws Fargo, North Dakota, where
residents have built miles of clay and sandbag dikes, may be at
lower risk of catastrophic flooding because of freezing weather
that has slowed ice thaws.
FEEDBACK
HOME
