gleans at 7:50 AM MT, 10/8

 

Financial Post Fed, ECB, Central Banks Cut Rates in Coordinated Move (Update2) Bloomberg - By Scott Lanman Oct. 8 (Bloomberg) -- The Federal Reserve, European Central Bank and four other central banks lowered interest rates in an unprecedented coordinated effort to ease the economic effects of the worst financial crisis since the Great ... Video: Wall Street Shows Modest Rebound After Rout AssociatedPress Bank of Canada cuts key rate in coordinated move Reuters New York Times - Washington Post - Forbes - The Associated Press all 2,013 news articles »

 

Nikkei dives 9.4 percent, biggest 1-day fall since '87

TOKYO (Reuters) - The Nikkei average plunged 9.4 percent on Wednesday, its biggest drop since the 1987 stock market crash, as growing fears of a global recession led investors to wipe $250 billion off the value of Tokyo shares.

• Video: Financial crisis deepens as Asian markets falter AP
• Full Coverage: Global Economy

 

IMF: World economy to slow sharply, led by US  <== mainly for the less alert

 

Democrat-bashing 'SNL' skit yanked over 'legal concerns'
Skewered Pelosi, Frank, hedge fund billionaire and liberal donor George Soros
--Deadline Hollywood Daily

 

Pushed by Congress to take more risk, Fannie hit tipping point
'Congress was demanding that Mr. Mudd help steer more loans to low-income borrowers'
--New York Times