The idea is there, locked inside.
All you have to do is remove the excess stone.
Michelangelo
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INSIDE THIS ISSUE:
Government intervention running at historical high levels is trying to thaw frozen money markets around the globe.    Massive rate cuts have already been introduced in Europe and across the Atlantic.    The U.S. Federal Reserve is even expected to cut Fed funds rates to a record 0.50% before year-end, as the Fed Chairman Ben Bernanke believes that bold action taken today should keep the current economic downturn, widely broad-based already, from becoming the worst since the Great Depression. ... Read more
The new TARP plan is effectively attempting to put a floor on the housing market decay and to stimulate economic growth.    The U.S. government would use the nation’s resources to purchase equity at clearly defined prices.    It sounds much better for the U.S. to own bank shares than to end up owning only distressed assets, that are hard to unload even at fire-sale prices. ... Read more
In Focus:  CHINA,  PAKISTAN
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