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  • Editor's pick
    • BASRA, IRAQ - OCTOBER 18:  People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve. From Getty Images.

      BASRA, IRAQ - OCTOBER 18: People gather around a Land Rover as it arrives at the village Al Houta on October 18 2008 near Basra, Iraq. The trip by the 51 Sqn Royal Air Force Regiment Force Protection Wing was part of a 'key leader engagement' (KLE) visit to the village close to the Basra Airbase to recruit local labour and engage with the village shiek. Visits of this type are seen as key in efforts to continue winning the support of the local Iraqi population. Although improved security in the region has brought some benefits such as improved trade and commerce, much of the infrastructure remains in a poor state of repair. Britain's Prime Minister Gordon Brown has indicated that the number of UK troops could be scaled down - especially as the security situation in the south of the country continues to improve.

    • Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008. From Reuters Pictures by Reuters.

      Democratic presidential nominee Senator Barack Obama (D-IL) speaks during a campaign rally in the rain at the University of Mary Washington in Fredericksburg, Virginia, September 27, 2008.

    • A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean. From Reuters Pictures by REUTERS.

      A puppy stands on a truck carrying people to be evacuated from the area in preparation for the approach of Hurricane Gustav in Batabano, on the southern coast of Cuba, August 30, 2008. Powerful Hurricane Gustav roared toward western Cuba on Saturday with 125 mph (205 kph) winds on its way to the oil-rich Gulf of Mexico after a deadly pass through the Caribbean.

    • BANGKOK, THAILAND - AUGUST 30:  A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej. From Getty Images.

      BANGKOK, THAILAND - AUGUST 30: A member of Anti-government People's Alliance for Democracy (PAD) stands behind barbed wire outside Government on August 30, 2008, in Bangkok, Thailand. The protesters want to unseat the seven-month old coalition government lead by Prime Minister Samak Sundaravej.

  • Hot off the wire
    • Becky Markley holds the Wittelbach diamond, a rare 35.6 carat 17th century grey-blue diamond, at Christie's auction house in London, Friday, Dec. 5, 2008. The diamond was part of the dowry of the Infanta Mararita Teresa upon her engagement to Leopold I of Austria, given by her father King Philip IV of Spain, and is expected to sell for some 9 million pounds, ($ 15 million, euro 10.4 million ), at auction on Dec. 10. From AP Photo by ALASTAIR GRANT.

      Becky Markley holds the Wittelbach diamond, a rare 35.6 carat 17th century grey-blue diamond, at Christie's auction house in London, Friday, Dec. 5, 2008. The diamond was part of the dowry of the Infanta Mararita Teresa upon her engagement to Leopold I of Austria, given by her father King Philip IV of Spain, and is expected to sell for some 9 million pounds, ($ 15 million, euro 10.4 million ), at auction on Dec. 10.

    • A Muslim shouts and burns an effigy of what they say represent 'terrorism', during a protest against Mumbai's recent attacks, in New Delhi December 5, 2008. Palaniappan Chidambaram, India's new home minister said on Friday last week's Mumbai attacks had revealed security lapses and that evidence clearly showed longtime enemies from Pakistan were responsible. From Reuters Pictures by REUTERS.

      A Muslim shouts and burns an effigy of what they say represent 'terrorism', during a protest against Mumbai's recent attacks, in New Delhi December 5, 2008. Palaniappan Chidambaram, India's new home minister said on Friday last week's Mumbai attacks had revealed security lapses and that evidence clearly showed longtime enemies from Pakistan were responsible.

    • NEW YORK - DECEMBER 04:  Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City. From Getty Images.

      NEW YORK - DECEMBER 04: Actor Harold Pirraneau attends the 2008 Stockings with Care celebrity bartending night at Bar 13 on December 4, 2008 in New York City.

  • Recently starred
    • A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93. From Reuters Pictures by REUTERS.

      A memorial tribute to shoe mogul Thomas Bata is shown at the Bata Shoe Museum in Toronto September 3, 2008. Bata died earlier this week at the age of 93.

    • A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008. From Getty Images by AFP/Getty Images.

      A visitor takes a close look at a photo by French photographer Bettina Rheims during the inauguration of her exhibition "Can You Find Happiness?" on March 7, 2008 at the c/o-Gallery in Berlin. The exhibition runs from March 8 to May 11, 2008.

    • Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009. From Getty Images by AFP/Getty Images.

      Forty-five euro coins, worth 500 Slovak Crowns or 16,60 euros, are seen in Bratislava where Slovakian banks and post offices started selling them on December 1,2008 before Slovakia joins the euro zone on January 1, 2009.

    • People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march. From Reuters Pictures by REUTERS.

      People walk behind the European Union's flag during the annual gay parade in Budapest July 5, 2008. Several hundreds of demonstrators clashed with the police in the center of Hungarian capital as police tried to separate them from the participants of the Gay Pride march.

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Federal Reserve / Articles Organization

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...Gene Dodaro, who heads the Government Accountability Office (GAO), saying that the TARP gives the Treasury and the Federal Reserve the authority to provide assistance to automakers. The GAO also released a report this week that said the the Bush administration...
...bloc. U.S. antitrust regulators at the Justice Department approved the deal in October but it still needs the backing of the Federal Reserve. Bank of America said it hopes to close the deal in the first quarter of 2009. The all-stock transaction was originally...
...debt and flooding markets with cheap cash, an unsourced report from The Daily Telegraph newspaper said. A chorus of Federal Reserve watchers expect it to its key fed funds rate to zero by January and to expand quantitative measures to pump more liquidity into...
...governments to guarantee bank deposits and scared the pants off consumers and business people. These developments prompted the Reserve Bank to slash its official interest rate in early October, again in November and again this week, cutting it by 40 per cent....
...Bank of New York agreed to lend up to $85 billion to American International Group, AIG. The Board of Governors of the Federal Reserve can vote to authorize a low-cost loan to just about anyone in "unusual and exigent" circumstances, as long as it determines...
...are commonly used by small businesses to cover day-to-day operations including payroll and inventory purchases. Also, the Federal Reserve will soon become the buyer of last resort for commercial paper. By unfreezing the market for commercial paper, which provides...
...of the... Fed Says it Still Has Arrows in its Quiver December 02, 2008 By Dees Stribling, Contributing Editor -- The Federal Reserve has acknowledged that the recession won't be over anytime soon by extending a number of temporary programs designed to deal...
...lawmakers and the Bush administration that the automakers need help too, but deep division about how to go about it. The Federal Reserve could also make a loan to automakers in some circumstances. The Fed is expected to send a letter to Dodd on Friday explaining...
...only pushed the Bush administration and legislators to concur but has also eroded their traditional isolationism: --Federal Reserve creation at the end of October of temporary $30 billion swap lines with the central banks of Brazil, Mexico, South Korea and...
...As they compete with each other for those resources, their prices will rise and interest rates will rise. At this point, Federal Reserve policy will become effective again. As prices and interest rates rise, the liquidity trap disappears and money begins circulating...

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