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ChinaNationalNews.com Tuesday 7th October 2008 Edition 281/2008
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Quotable Quotes
"The House of Representatives has shown a catastrophic failure of leadership. Monday’s vote, rejecting Hank Paulson’s admittedly imperfect plan to add liquidity, transparency and perhaps a little capital to the banking system, was shameful. It was a triumph of political expediency over the needs of the nation. The signal was that congressmen would rather save their seats than do what it takes to keep the US payments system functioning. The vote was reversed on Friday but the message cannot be unsaid."
Financial Times editorial
The leading British financial newspaper was making its point in an editorial published on Saturday.

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Asia Business
  • Nikkei falls to a four-year low; broader Japanese index sheds 1,000 points
  • Bank of Japan injects 9 billion dollars into market
  • South Korea Plays Down Crisis Talk as Won Sinks

    Editorials
  • Lim in UAE to woo Arab investors to Penang
  • A night of colourful festivity
  • New department store in Komtar
  • The problem of agricultural apathy

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    Breaking News
    Eight killed after boat capsizes in China
    Guiyang (China), Oct 7 (Xinhua) Eight people were drowned late Monday when their boat capsized on a lake in China's southwestern province of Guizhou, officials...

    Chinese shares fall 3.52 percent in morning session
    Beijing, Oct 6 (Xinhua) Chinese shares fell by over three percent in the morning session Monday on worries about the financial crisis and after big losses on Wall...

    Nine killed in China quake, death toll likely to rise
    Beijing, Oct 7 : At least nine people were killed and many injured in a powerful earthquake that jolted a county near Lhasa, the capital of southwest Tibet Autonomous Region, last...

    More breaking stories
    World News
    Currency markets in turmoil as global stocks plunge
    Foreign exchange markets are experiencing violent gyrations Monday amidst global markets...

    Palin causes Obama campaign to respond to attacks
    John McCain's links to a financial scandal have been robustly pointed to by Democratic rival, Barack...

    Remote village earthquakes kill many
    Rescuers are gathering in a remote mountain village close to Kyrgyzstan's border with China searching for survivors of a powerful...

    More international stories
    Business News
    Australia in shock one percent interest rate cut
    In the first sign that central banks will seriously combat rcession fears, Australia's Reserve Bank stunned markets Tuesday by cutting official interest rates by a full percentage...

    Dow dives 800 points, recovers nearly 440 points
    Unsurprisingly Wall Street was sharply lower...

    Lehman Brothers executive pay was increased before bankruptcy
    Richard Fuld, the former head of failed US investment bank Lehman Brothers, has told Congress that his pay over the past eight years was about $300...

    More business stories

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    Movie Review

    More China News
  • Taiwan suggests SARS was China warfare plot
  • Local authorities confirm nine deaths in Tibet quake
  • Chinese National Day Sparks CCP Renunciations
  • $59m Chinese Funded Work In Tonga Starts Next Month
  • Tibet Earthquake Kills At Least 30

    Technology
  • Interactive software to allow reporters to visually analyze opinion data after elections
  • Bust enhancement without pain for Wright Penn
  • Expert panel propose science, tech laws
  • SAP saw sudden drop-off in software sales
  • Why Veteran Visionaries Will Save the World

    Space
  • Messenger craft flies within 200 km of Mercury
  • NASA commissions study to develop future aircraft
  • Plant gene tweak would make toxic soil hospitable for crops
  • All seems well in the Brangelina household

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