Try the new Yahoo! News »

U.S. Treasury Secretary Henry Paulson speaks at a news conference after the G7 Ministerial meeting in Washington October 10, 2008. The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. (Yuri Gripas/Reuters)
Enlarge Photo
Reuters

US moves to get $700B bank rescue effort started

AP - 9 minutes ago

WASHINGTON - With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified actions Monday aimed at easing the credit crisis.

The All Ordinaries Index is shown at the Australian Stock Exchange at Sydney, Monday, Oct. 13, 2008. The Australian share market rebounded strongly in the first 20 minutes of trading with the All Ordinaries index gaining 5 percent in response to a government announcement that it would guarantee all bank and other lender deposits for three years. (AP Photo/Rick Rycroft)

World stock markets soar after last week's rout

AP - 2 hours, 38 minutes ago

HONG KONG - Global stock markets rebounded strongly on Monday after last week's historic sell-off as governments from Europe to Australia and the U.S. intensified efforts to ease a financial crisis that threatened to the throw the world into recession.

In this file photo dated Sept. 13, 1999, U.S. Economist and New York Times columnist Paul Krugman is seen during a press conference in Stockholm. Krugman won the Nobel economics prize on Monday, Oct. 13, 2008 for his analysis of trade patterns and location of economic activity. Krugman, born in 1953, and a professor at Princeton University in New Jersey and a frequent contributor to The New York Times, formulated a new theory to answer questions about free trade, the Royal Swedish Academy of Sciences said. (AP Photo/Scanpix, Fredrik Sandberg, File)

Columnist Paul Krugman wins Nobel economics prize

AP - 6 minutes ago

STOCKHOLM, Sweden - Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.

Personalize News Home Page:  Add/Remove News Categories | Change Layout

Local News (BETA)

Enter a U.S. ZIP Code or City and State to see local news

Opinion

CSMonitor.com
» All Opinion from CSMonitor.com
RealClearPolitics
» All Opinion from RealClearPolitics
HuffingtonPost.com
» All Opinion from HuffingtonPost.com
The Nation
» All Opinion from The Nation
The Weekly Standard
» All Opinion from The Weekly Standard