Monday, October 13, 2008

Two economic updates from Inter Press Service

First, U.S. Bows to Pressure, Will Buy Banks:
BOSTON, Oct 11 (IPS) - The George W. Bush administration announced Friday evening it would buy shares in troubled U.S. banks, a move that upstages its own rigid, free-market ideology, and answers calls for the action by European leaders.
Second, Calls for Change Mount as IMF, World Bank Meet
WASHINGTON, Oct 11 (IPS) - Gone are the mobs in the street. Faced with a global recession, those demanding change from the rulers of the global economy appear to be on the inside as the International Monetary Fund (IMF) and World Bank hold annual talks.
Both articles are worth reading.

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