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As the global financial system sinks deeper into the abyss, policymakers and economists in Asia are reflecting on their own past financial meltdowns in search of lessons that could help the U.S. and Europe. As ministers for the G-7 group of industrialized nations meet in Washington today to discuss...

Author: /time Magazine | Title: Lessons From Asia's Last Meltdown: Act Fast | 10/10/2008 | See Source »

While Grassley, from his perch as ranking member of the Senate Finance Committee, has investigated the nation’s richest colleges and publicly called for a mandate, no actual legislation has been introduced.

Author: By Clifford M. Marks and Peter F. Zhu, CRIMSON STAFF WRITERSS | Title: Rep Pushes Payout Bill | 10/9/2008 | See Source »

Since the Sept. 15 collapse of Lehman Brothers, the $2.6 trillion market for state and city bonds has been virtually frozen - partly because investors are scared to own anything more dangerous than Treasuries, and partly because interest rates that cities must pay to lure buyers have shot up 25% or...

Author: /time Magazine | Title: States and Cities Grapple with the Credit Crunch | 10/9/2008 | See Source »

There are also promising signs that the broader market for municipal bonds is starting to thaw. On Oct. 7, Kentucky sold $400 million worth of bonds to finance education and public works projects around the state. It was one of the first major issues since the Federal Government started taking...

Author: /time Magazine | Title: States and Cities Grapple with the Credit Crunch | 10/9/2008 | See Source »

And even if the credit markets do return to some semblance of normalcy, there is still the larger issue: for states and cities, as with the rest of America, the credit crisis has tumbled into the real economy. Before the long-simmering credit crunch kicked into high gear in mid...

Author: /time Magazine | Title: States and Cities Grapple with the Credit Crunch | 10/9/2008 | See Source »

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