Group Think, Duct Tape and Slam Dunks
Central banks pump up the dollars As banks hoard cash and lending dries up, Fed plus 5 to pump $180 billion into system. By Chris Isidore, CNNMoney.com senior writer Last Updated: September 18, 2008: 11:19 AM EDT NEW YORK (CNNMoney.com) — The Federal Reserve and five other central banks around the globe announced joint efforts […]
MoreFinancial crisis mounts as stocks fall REUTERS By Jack Reerink and Douwe Miedema NEW YORK/LONDON (Reuters) – Shares of Wall Street firms Morgan Stanley and Goldman Sachs plummeted on Wednesday and Britain’s biggest mortgage lender neared a sale in the latest signs of extreme distress in the financial industry. Tuesday’s surprise $85 billion (47 billion […]
MoreSan Jose wins electric car plant By Maggie Shiels Technology reporter, BBC News, Silicon Valley San Jose is aiming to be the capital of clean technology following a $250m (£139m) deal with electric car maker Tesla to base its new factory there. The city beat other contenders to secure a project that will bring more […]
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