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As Stocks Plummet Across the Globe, Bush to Host Emergency Finance Meeting At White House
Friday, October 10, 2008 :In the largest loss since the crash of 1987, the Dow Jones Industrial Average fell over seven percent on Thursday closing below 9,000 for the first time in five years. Over the past six trading days, the Dow has plummeted over 2200 points or about 21 percent. Earlier today global stock values fell in trading as fears grow of a world-wide recession.
On Saturday President Bush plans to host an emergency meeting with finance leaders from Britain, Italy, Germany, France, Canada and Japan.
Michael Hudson, President of The Institute for the Study of Long-Term Economic Trends, Distinguished Research Professor of Economics at the University of Missouri, Kansas City and author of “Super-Imperialism: The Economic Strategy of American Empire.” He is the chief economic adviser to Rep. Dennis Kucinich.
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What we could use now is a Manhttan Type Project
Fri, Oct 10, 2008 11:31AM
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