In the News: Oct-08

Central Banks Coordinate Cut in Rates - 8 Oct 2008 at 1:18pm - The world?s major central banks ? including the Federal Reserve, the Bank of England and the European Central Bank ? moved together to stanch the financial crisis.

In bleak forecast, IMF sees major downturn - 8 Oct 2008 at 11:16am - WASHINGTON (Reuters) - The International Monetary Fund, in its bleakest forecast in years, said on Wednesday the world economy was set for a major downturn with the United States and Europe either in or on the brink of recession.

Pentagon source: strike killed 30 Afghan civilians - 8 Oct 2008 at 8:16am - WASHINGTON -- U.S. airstrikes in Afghanistan on Aug. 22 killed some 30 civilians, far more than the military has previously acknowledged, Defense officials said Wednesday.

Thought for the day:
Anyone who isn't confused really doesn't understand the situation. -Edward R. Murrow (1908 - 1965)