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GreekHerald.com Sunday 12th October 2008 Edition 286/2008
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Quotable Quotes
"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.

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Business Europe
  • Russia to invest billions buying up stocks
  • Brown Urges Eurozone To Follow His Lead
  • Euro-zone chiefs meet to coordinate on meltdown
  • Dubai and Abu Dhabi bourses slump at open
  • World leaders vow to battle economic crisis

    Lifestyle
  • Change of U.S. leadership unlikely to change foreign policy
  • Indian CEOs prefer Yoga as a stressbuster! !
  • Wrinkles can rip off your attraction quotient!

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    Breaking News
    Somali pirates hijack Greek tanker
    Sunday, October 12, 2008 KUALA LUMPUR: Somali pirates seized a Greek tanker and separately attacked a World Food Programme-chartered ship, a maritime piracy watchdog said on Saturday.Noel Choong,...

    Greece too slick for Moldova
    Greece maintained their perfect record in the 2010 FIFA World Cup qualifiers with a 3-0 victory over Moldova in Piraeus, extending their Group 2 run to three consecutive wins without conceding a...

    Greece maintain perfect start
    Two goals from Angelos Charisteas and one from Konstantinos Katsouranis put Greece top of the group with a maximum nine points before the former European champions host Switzerland on...

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    World
    IMF now fears global meltdown
    The International Monetary Fund has warned that it is possible the global financial crisis will create a worldwide...

    Japan angry at U.S. deal with North Korea
    Japan has expressed extreme regret and anger at a decision by the United States to remove North Korea from its list of state sponsors of...

    Bush says countries working together to resolve financial crisis
    U.S. President George Bush has emerged from a White House meeting with the world's top economic powers, saying they have agreed to work together to restore stability and growth to the global...

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    Business News
    Germans make quick plans to fix banks
    Germany is to rush through legislation in the new week to recapitalise its banks with a vast cash injection of up to 100 billion...

    Australia to raise bank guarantees for depositors
    Australia’s Federal Government is considering increasing its proposed bank deposits safety...

    Warren Buffett once again the richest man
    Billionaire investor Warren Buffett has once again become the richest American, only weeks after Bill Gates was given the...

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    More Greece News
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  • Greek Socialists Hold the Lead
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  • IHU goes for local, foreign students
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    Europe
  • Mel B turns down Playboy offer
  • Alphonsa dedicated herself to Jesus at age 7
  • Faced with a crisis, Britons find something to smile about
  • Germany readies legislation for its part in G7 bailout
  • Russian president observes Barents Sea military drill

    Sports
  • Argentina win, Paraguay lead South American World Cup qualifiers
  • Bon Jovi sued over lyrics
  • Alam, Gul clinch thriller for Pakistan against Sri Lanka
  • Lawson aims to complete two-year stint as Pakistan coach
  • All-female Lingerie League is lighting up American football

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    Space
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