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San Diego Union-Tribune Business
- Financial crisis a boon for business media
NEW YORK – This financial crisis has really redefined the notion of “talking heads.” On business news channel CNBC, at any one time, 10 of them can be crowding the screen, to the point that it looks like a school picture come to life. - Federal Reserve pins its hopes on further rate cut
WASHINGTON – As the economic wreckage piles dangerously higher, the Federal Reserve is prepared to ratchet down interest rates – perhaps to their lowest point in more than four years – with the hope of relieving some of the pain felt by many Americans. The convergence of a housing collapse and a lockup in lending has created the worst financial crisis in more than half a century. - Extreme volatility ahead for economy
NEW YORK – In a typical recession, stocks start recovering about six months before the economy does. The crisis stifling the United States right now is anything but typical: Lending is frozen, hedge-fund selling is happening on a massive scale and economic troubles have spread all over the globe. - Around Town
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