08 October 2008

The wheel keeps on spinning...

Some more news today:

On the heels of Germany's announcement over the weekend to guarantee all private savings, and potentially based on the bailout precedent set by the United States last week, the British government announced a massive bailout to help the banking system.

Meanwhile, the Nikkei average in Japan experienced its biggest drop since 1987, and Iceland is approaching bankruptcy. I guess that means no more Bjork...

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