FIGHT-THE-BANK

Wednesday, November 2, 2011

Fed Lowers Its Forecast for Growth, but Takes No Steps --- Nov-02-2011

Fed Lowers Its Forecast for Growth,

but Takes No Steps

Federal Reserve Chairman Ben S. Bernanke at a news conference in Washington,

Nov-02-2011-- The Federal Reserve significantly reduced its forecast of economic growth over the next two years, the latest in a long series of acknowledgements that the recovery from the 2008 financial crisis is taking much longer than it had expected.

“We have taken a lot of actions.

"Let me be very clear that the Federal Reserve’s monetary policy is highly accommodative now,” He also drew a contrast between the Fed’s actions and the performance of Congress and the president in addressing the nation’s unemployment crisis.

“I think it would be helpful if we could get assistance from other parts of the government to help create more jobs,”

Mr. Bernanke said.

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Thursday, October 27, 2011

Europe Crafts Debt Deal, Markets Pleased .------------------- OCT-27-2011-

Five ways the European debt crisis

could affect the U.S.

1. U.S. banks are 'tethered' to those in Europe

2. A potential threat to U.S. exports

3. U.S. companies' investments in Europe at stake

4. The potential impact on individual investors

5. A 'dramatic effect' on the 2012 election?

OCT-27-2011--WASHINGTON – The financial crisis that began in the United States in 2008 swept across the Atlantic Ocean to Europe. Now, U.S. political and financial leaders are hoping that a tentative deal to relieve Europe's government debt crisis will prevent a similar tsunami in reverse.

They had reason to smile Thursday. Meeting for the 14th time in 21 months, Europe's leaders announced a 50% reduction in Greece's loan repayments to private lenders, a $1.4 trillion rescue fund to keep credit flowing to other troubled nations, and a requirement that banks boost their reserves by the middle of next year.

The deal gave an immediate boost to financial markets; the Dow Jones industrial average closed almost 3% higher Thursday.

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Wednesday, October 26, 2011

Veterans For Peace Member Shot In The Face By Oakland Police Projectile ---------------------------- OCT-26-2011-

Iraq veteran in critical condition after getting hit with police projectile during Occupy Oakland demonstration

Oct-26-2011--OAKLAND -- A 24-year old Marine Corps corporal and Iraqi war veteran remained in critical condition at Highland Hospital on Wednesday night with head wounds and brain swelling after being injured in Tuesday's Occupy Oakland

"It's absolutely unconscionable that our citizens are going overseas to protect other citizens just to come back and have our own police hurt them,"

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