Irish Sun
First published 1880 Tuesday 14th October 2008 Issue 1636
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On the record
"The House of Representatives has shown a catastrophic failure of leadership. Monday’s vote, rejecting Hank Paulson’s admittedly imperfect plan to add liquidity, transparency and perhaps a little capital to the banking system, was shameful. It was a triumph of political expediency over the needs of the nation. The signal was that congressmen would rather save their seats than do what it takes to keep the US payments system functioning. The vote was reversed on Friday but the message cannot be unsaid."
Financial Times editorial
The leading British financial newspaper was making its point in an editorial published on Saturday.

Exchange Rates
$£€United States, DollarEuroUnited Kingdom, PoundJapan, YenSweden, Krona
United States, Dollar-0.7350.574102.27.121
Euro1.360-0.780138.99.683
United Kingdom, Pound1.7411.280-178.012.40
Japan, Yen0.0090.0070.005-0.069
Sweden, Krona0.1400.1030.08014.35-

UK
  • banks asked to freeze executive bonuses
  • Prince Charles refuses cameo on
  • Actress Joanna Lumley lobbies for Gurkha ex-soldiers
  • EU threatens Mugabe with new sanctions
  • England hoping to cement top spot in group six
  • British government outlines $65 bn bank rescue

    Europe
  • Jennifer Lopez goes through wedding ceremony once again!
  • North Korea readmits IAEA inspectors to nuclear facilities
  • Angelina Jolie takes son shopping for knives
  • Britney quits alcohol to get in shape for world tour
  • Lohan-Ronson relationship on the rocks
  • Sarkozy proposes $490 bn bank rescue plan
  • Economics Nobel for Paul Krugman of the US

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    Breaking News
    Blair denies misleading MPs
    Oct 13 2008 Tony Blair rejected claims he "deliberately misled" Parliament when he was prime minister over sleaze allegations. Previously secret documents appear to show Mr Blair personally...

    Protesters try to enter Parliament
    Oct 13 2008 Police were forced to lock the doors to Parliament after protesters attempted to force their way into the Palace of Westminster. Scotland Yard said none of the environmental...

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    Oct 13 2008 The Government was forced into a humiliating climbdown after peers rejected controversial anti-terror laws. Home Secretary Jacqui Smith withdrew plans for extending pre-charge...

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    World
    IMF confident of action taken to tackle financial crisis
    As leaders of the countries using the euro currency announced measures to protect financial institutions and guarantee inter-bank lending, the head of the International Monetary Fund, Dominique Strauss-Kahn, said in Washington Sunday that a coordinated and effective program for combating the financial crisis is now in place....

    Scottish bankers leave after bailout
    Two of Scotland's top bank executives have resigned in the wake of a UK government...

    Iraq asks British troops to pack up
    Iraqi Prime Minister, Nuri al-Maliki, has told UK officials he would like British combat forces to leave the south of the...

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    Business News
    Wall Street follows world markets higher
    U.S. stocks were sharply higher Monday, joining in a global share market...

    Bonuses to stop at three British banks
    On Monday, the British government poured 37 billion pounds into three of the country's biggest...

    Bank shares fall sharply as UK experts warn of London decline
    Shares in Royal Bank of Scotland, Lloyds TSB and HBOS have fallen sharply despite the UK government's rescue package for the three banks....

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    Complete List

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    Dublin
  • Irish await pain of first budget since Celtic Tiger bust
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    Business Europe
  • Shares in Europe stage powerful comeback
  • Eurozone governments propose massive bank rescue
  • Poland sets 50,000 euro limit for bank deposit guarantees
  • British Banks Line Up for Bailouts - BusinessWeek
  • European Stocks Soar on Bailout Plans - BusinessWeek

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