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Turkish parliament cuts spending (AP)
AP - Turkey's parliament on Saturday reduced the budget allocations of most ministries by up to 16 percent to cut overall spending as the country seeks a loan deal with the International Monetary Fund.
yahoo.com

2009 - better than doom merchant`s predict
YOU thought 2008 was dire? International Monetary Fund chief Dominique Strauss-Kahn says we haven't seen anything yet. Well, phooey to that
News

Economic View: Bailout of Long-Term Capital: A Bad Precedent?
The 1998 bailout of the Long-Term Capital Management hedge fund hasn't received enough attention.
The New York Times

GM Rallies As GMAC Goes Under TARP
General Motors moves higher as its finance arm gains bank status and eligibility for TARP funds.
Forbes

Guinea coup leader vows to fight corruption - Las Vegas Sun
Guinea&os;s coup leader declared a zero tolerance policy on corruption Saturday, vowing to renegotiate the country&os;s numerous mining and trade contracts and warning he will execute anyone who embezzles state funds. Capt. Moussa Camara also extended an ...
Feed Digest

Guinea coup leader vows to renegotiate contracts - Las Vegas Sun
Guinea&os;s coup leader is vowing to renegotiate the country&os;s numerous mining and trade contracts and warns he will execute anyone who embezzles state funds. Capt. Moussa Camara says he wants to do away with the corruption that has drained the mineral ...
Feed Digest

Phila. seeks federal funds for list of projects
The morgue and the medical examiner's offices are obsolete. A new Youth Study Center needs to be built. Both the Belmont Water Treatment Plant and the Northeast Water Pollution Control Plant are deteriorating.
CBC.ca

Turkish parliament cuts spending
Turkey's parliament on Saturday reduced the budget allocations of most ministries by up to 16 percent to cut overall spending as the country seeks a loan deal with the International Monetary Fund. Parliament voted 324-117 to save around 5.5 billion liras ($...
San Francisco Chronicle

Unclear if GMAC met final hurdle for bailout funds (AP)
AP - The financing arm of General Motors Corp. wasn't immediately saying early Saturday whether it had met a midnight deadline to clear a final hurdle in its quest to become a bank holding company, which would allow it to access billions in federal bank bailout money.
yahoo.com

PSU majors may park 30% of surplus in MFs
Union cabinet on Friday allowed government owned navratnas and mini-ratnas to invest up to 30% of their surplus funds in equity through mutual funds.
The Times Of India

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