Australian, NZ shares plunge after US bailout vote Share prices in Australia and New Zealand plunged Tuesday after U.S. lawmakers voted against a huge government bailout for the American financial system. 30 Sep 2008
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Supersizing and downsizing: the impact of changing packaging and portion sizes on food consumption When it comes to packaging, size matters.In a research paper, INSEAD Associate Professor of Marketing Pierre Chandon and co-author Nailya Ordabayeva, an INSEAD PhD student, found that changes in the shape of packaging or portions can have a big impact on our consumption patterns. As consumers, we ... 30 Sep 2008
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House rejects $700B bailout in stunning defeat In a vote that shook the government, Wall Street and markets around the world, the House on Monday defeated a $700 billion emergency rescue for the nation's financial system, leaving both parties' lawmakers and the Bush administration scrambling to pick up the pieces. Dismayed investors sent the Dow Jones industrials plunging 777 points, the most ever for a single day. 29 Sep 2008
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2 cities joined in a cycle of angst In New York, traders watched in disbelief as the $700 billion financial bailout plan sank like a stone in Congress. In Washington, plugged-in lawmakers knew the stock market was tanking in anticipation of the defeat. 29 Sep 2008
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Forex and Dow Jones recommended levels EUR/USD
Today’s support: - 1.4332(main), where correction is possible. Break would give 1.4308, where correction also may be. Then follows 1.4286. Break of the latter would result in 1.4265. If a strong impulse, we would see 29 Sep 2008
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At-risk lawmakers vote 'no' on $700B bailout Lawmakers who had the most to lose risked the least. Two-thirds of Congress' most vulnerable members--Republicans and Democrats alike--voted against the massive economic bailout package, opting to protect their seats on Election Day rather than follow their party leaders off a political cliff. 29 Sep 2008
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Breakdown of report on fired prosecutors A summary of the findings from a Justice Department investigation into why nine U.S. attorneys were fired in 2006-2007. ___ 29 Sep 2008
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Apple hits 52-week low after analyst downgrades Shares of Apple Inc. plunged to a 52-week low Monday and flirted with the $100 line after analysts downgraded the stock because they believe slowing consumer spending will hit its computer business. 29 Sep 2008
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Moody's weighs downgrade for National City Moody's Investors Service said Monday it may downgrade National City Corp. as the company's shares plunged after House lawmakers failed to pass a financial bailout. 29 Sep 2008
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Dollar Posts Wild Swings as U.S. House Votes down Rescue Plan The EUR USD started the day weak as traders were convinced the U.S. House of Representatives was going to pass the bill to rescue the U.S. financial system. Additional selling pressure came because of the bailout of Fortis by the Dutch government. The Dollar began to weaken in the early afternoon when it became clear the bill would not pass. 29 Sep 2008