Stocks Rise on Signs of Credit Thaw, News of Global Summit

NewsHour, PBS | Oct. 20, 2008 (Breaking News)

U.S. stocks rose Monday following word from President Bush, French President Nicolas Sarkozy and European Commission President Jose Manuel Barroso over the weekend that they plan to hold a series of summits on the global financial crisis.

Stock markets in Asia and Europe also were buoyed by optimism that global efforts to shore up the banking system were taking hold, Reuters reported.

Also Monday, Federal Reserve Chairman Ben Bernanke ... Full Story »

Posted by Fabrice Florin

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Subjects: World, U.S., Politics, Business
Topics: Global Economy, European Union, Bush Administration, U.S. Economy
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Posted by: Posted by Fabrice Florin - Oct 20, 2008 - 1:21 PM PDT
Reviewed by: Fabrice Florin (review), Marsha Iverson (review), Raechel Prosser (review)
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Edited by: Fabrice Florin - Oct 20, 2008 - 1:22 PM PDT
Related Comments: Global Economy (2)

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Marsha Iverson
4.0
 by Marsha Iverson - Oct. 20, 2008

This piece provides an overview of issues from an international perspective: the context-based on the post-WWII financial recovery plan, and some of the issues that need to be addressed to resolve today's troubles and prevent a recurrence.

I welcome a collaborative approach that will bring a fair balance to the global economy. The circumstances have changed, the power has shifted so significantly since the late 1940s that it will be a challenge to create a new balance.

Some of the proposals for change have called for a more effective centralized regulatory system that would ensure, in global financial markets, that investors could rely on ... More »

See Full Review » (14 answers)
Fabrice Florin
3.5
 by Fabrice Florin - Oct. 20, 2008
Fabrice posted this story.
See Full Review » (10 answers)
Raechel Prosser
3.9
 by Raechel Prosser - Oct. 22, 2008
See Full Review » (10 answers)

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