Thursday, December 04 2008

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Thursday, December 04, 2008

Georgia has no pity for Detroit

Citizens of West Point, Georgia, where a giant Kia plant is due to open next year, are deeply skeptical about a bailout for the US auto industry.

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Rice goes to Pakistan

Following her trip to India, Secretary of State Condoleezza Rice meets with Pakistani officials. Reports say the U.S. is putting pressure on the new government of Pakistan and urging them to share any and all information they may have about the terrorist attacks in Mumbai.

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Russians call their President and Putin answers

Russia is holding a national broadcast where citizens call in and ask questions. But it's Vladimier Putin who is taking the calls, not his successor Dmitri Medvedev.

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Scalpel? Thx. Gauze? Thx. Can U Consult? Txt me bck.

A doctor in the Congo performs an amputation with the help of a text message.

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UAW offers concessions, auto workers respond

The UAW says it will make concessions to adapt to tough times.
" I'm a third generation auto worker. My grandfather had his retirement watch signed by Henry Ford II."
— Ken Mefford on the changes in the auto industry

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GM's Saturn may be getting the boot

Saturn, GM's star brand, has not lived up to its promise.

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WMD attack likely by 2013

"We're most concerned today about developments in the biological area. Unlike nuclear which is a man-made material and reasonably scientifically difficult to produce, biological pathogens occur in nature."
—Senator Bob Graham on the commission report

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BOE cuts rates to 2%

The Bank of England cuts its rate by one percent and the European Central Bank cut rates by a record 75 basis ponts, its biggest move ever. The Bank of England's interest rates have never gone below this level since the central bank was created in 1694.

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Global markets respond to historic rate cuts

The financial markets open just as the Bank of England and the European Central Bank dramatically slash rates.
"Politically, nobody wants to say that; it's very much the agenda that politicians say that banks should be passing on the full cut to their customers, but actually there's a good case for saying maybe not quite all of it should be going on."
— Andrew Walker on the BOE rate cut

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