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• Source: U.K. banks set to unveil bailout plans
LONDON - Major British banks are likely to announce their plans to recapitalize early on Monday, a person familiar with the matter said, a move which could see the government take multi-billion pound stakes in several lenders. Banks were in crisis ...
• Bombers strike in Mosul, Baghdad, killing 13
Where is the government? Where are the security officials to prevent such attacks?" Attacks have been continuing in Mosul, Iraq's third largest city, despite months of U.S. and Iraqi security operations against al-Qaida and other Sunni extremist groups
• IMF chief warns of global financial meltdown
After days of speculation this move was coming, Treasury Secretary Henry Paulson announced late Friday night that the government would buy part ownership in an array of American banks. Intense market turmoil President Hoover tried something like that ...
• Somali forces raid 1 of many hijacked ships
A nation of around 8 million people, Somalia has not had a functioning government since 1991. A quarter of Somali children die before age 5 and nearly every public institution has collapsed. In the capital, Mogadishu, thousands of civilians have died ...
• Economic woes could curtail action on warming
Under such a system, the government would establish a market for carbon dioxide by giving or selling credits to companies with operations that emit greenhouse gases. The companies can then choose whether to invest in technologies to reduce emissions ...