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Angry US public lights fire under fat cat CEOs
Agence France-Presse, posted at www.inquirer.net on 09/26/2008
NEW YORK -- An angry US public and Congress
demanded Thursday to snip the rip cord on
golden parachutes used by fat cat CEOs to
escape Wall Street's mayhem.
Both Democrats and Republicans in Congress
insisted that an emergency multi-billion
dollar government bailout for the financial
industry include restrictions on executive
pay.
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World markets plunge
Published in the Philippine Daily Inquirer, Sept. 16, 2008
LONDON - STOCK MARKETS across the globe plunged on Monday amid
growing alarm over the world's financial system following a
seismic shakeup on Wall Street, with Lehman Brothers declaring
bankruptcy and Meryll Lynch being sold to Bank of America
The US Federeal Reserve, European Central Bank and Bank of
England injected tens of billions of dollars into money markets
after the fall of the two massive financial titans under the weight
of the massive financing of bad loans.
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Georgia awaits Russia withdrawal
Posted in the BBC website, Aug. 18, 2008
Russia is expected to begin withdrawing troops from Georgia,
following a pledge by President Dmitry Medvedev.
Mr Medvedev promised to abide by the terms of a ceasefire
brokered to end ten days of fighting in Georgia and its
breakaway province of South Ossetia.
But two hours after the withdrawal was due to begin there
was still no sign of any Russian troops leaving Georgia.
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