US agrees to Wall Street bail out: related news

US agrees to Wall Street bail-out

A leading US senator says both parties in Congress are in agreement on the outline of a $700bn (£380bn) bail-out plan to revive the finance sector.

Wall Street bail-out goes to vote

The lower house of the US Congress has begun voting on a $700bn (£380bn) plan to bail out Wall Street.

US rivals back bail-out package

US politicians have agreed the details of a $700bn Wall Street bail-out package to be sent to Congress for approval, a Republican negotiator says.

Wall Street and Washington conspired to defraud Japanese banks

Intelligence agencies in China and Japan are focusing on the role of a successor entity of Salomon Brothers as being behind a fraud against Japanese banks by the U.S. Treasury, the Federal Reserve, and Wall Street to bail out unscrupulous Wall Street bankers and mega-investors.

Shares surge on US bail-out plan

Wall Street shares have rebounded sharply after a proposed US government plan to buy billions of dollars of US banks' bad mortgage-related loans.

Paulson says US bail-out working

The $700bn (£494bn) US bail-out package has already "clearly helped stabilise" the financial system, US Treasury Secretary Henry Paulson has said.

Press Not Buying Google Street View As A Threat To Children

A few months back, we pointed out how ridiculous it was that a child advocacy group had put out a scary press release claiming that child predators could use Google Street View to prey on children. They could also, you know, walk up and down the street. It's nice to see that the mainstream press is at least calling the group, Stop Internet Predators, out on how ridiculous this is. Nationally syndicated columnist Larry Magid sarcastically slams the group for such pointless fearmongering, not only pointing out that it's easier for predators to just walk up and down the street, but also making the following point:

Capcom Announces "The Season of Street Fighter"

"Capcom kicked off the "Season of Street Fighter" with the release of the Super Street Fighter® Pinball FX downloadable pack, which added a new Street Fighter pinball table to one of the most popular downloadable games on Xbox LIVE Arcade. The Street Fighter UNO® DLC pack will feature new Street Fighter Command Cards with signature Street Fighter power moves, as well as backgrounds and music inspired by Street Fighter. Capcom will also have another "little" surprise coming to the PlayStation®Network later in the holiday season."

How Paulson forced bail-out on the banks

There's some fascinating detail in today's Wall Street Journal on how US Treasury Secretary Hank Paulson strong-armed America's big banks into signing up for the bail-out plan.

Street Fighter 2 HD Remix Headed For November Release.

Mark of DigitalSomething writes: "All year I have only wanted 2 fighting games. Street Fighter 4 and Street Fighter 2 HD Remix. As time dragged by it seemed more likely that Street Fighter 4 would come out before Street Fighter 2 HD Remix. Well now the game is finally finished and awaiting approval from PSN and Xbox Live. November is the target month for Street Fighter 2 HD Remix but it could take longer for either PSN or XBLA to give it the go ahead. There maybe be a delay in release date like Mega Man 9 had. I have PlayStation Store money just waiting for the Thursday that this hits."

Wall Street Shake-up Connects to Washington Through Contributions, Personal Investments

Wall Street's grim news has plenty of people worried about their pocketbooks. Lawmakers are among them, not only concerned with how to boost the economy but with their own personal finances tied to companies that are struggling. The richest members of Congress seem to be the most invested in the companies at the center of the Wall Street shake-up.

ACLU Creates Map of US "Constitution-Free Zone"

trackpick points out a recent ACLU initiative to publicize a recent expansion of authority claimed by the Border Patrol to stop and search individuals up to 100 miles from any US border. They have created a map of what they call the US Constitution-Free Zone. "Using data provided by the US Census Bureau, the ACLU has determined that nearly 2/3 of the entire US population (197.4 million people) live within 100 miles of the US land and coastal borders. The government is assuming extraordinary powers to stop and search individuals within this zone. This is not just about the border: This 'Constitution-Free Zone' includes most of the nation's largest metropolitan areas.'"

Evolva Subsidiary Signs $22.8 Million Antibacterial Contract with US Army Research Office, Builds Out US Operations

Evolva Subsidiary Signs $22.8 Million Antibacterial Contract with US Army Research Office, Builds Out US Operations

Efinancialblog.com Lets Visitors Discuss America's Financial Security, Top Insurance Issues and Hot-Button Financial Topics From Wall Street to Main Street via Text and Video

Efinancialblog.com Lets Visitors Discuss America's Financial Security, Top Insurance Issues and Hot-Button Financial Topics From Wall Street to Main Street via Text and Video

Museum of American Finance to Open "Trading on the Street" Exhibit

On Thursday, November 20, the Museum of American Finance will open "Trading on the Street," an exhibit tracing the history of trading on Wall Street from the signing of the Buttonwood Agreement in 1792 to the increasing computerization of trading today. The exhibit emphasizes where traders gathered, how they traded, and how technology impacted the process over two centuries of trading on Wall Street. Exhibit highlights include a model of a 1930s trading post, engravings and images of trading during the 19th and 20th centuries, photographs documenting the impact of technology on trading over the last 150 years, and examples of the devices traders have used during different eras to conduct business. The Museum will host an opening reception for "Trading on the Street" from 5:30 -- 7:00 pm on Wednesday, November 19.

Australian Internet Filters Have No Real Opt-Out; Only Opt-In To Fewer Filters

We've covered the long history of Australian politicians looking to set up their own censored internet "to protect the children" (of course). The plans have changed over time, but the end goal has always been the same: to force ISPs to block a list of sites provided by the government. In the latest incarnation, the plan supposedly included an "opt-out" option, where a web surfer could specifically ask to opt-out of the filters (effectively asking someone to sign up for a "porn-surfing license"). That, on its own, might scare some people off, but now it turns out that the opt-out isn't really an opt-out. Instead, it's just opting you in to a somewhat less restrictive blacklist. Once again, this idea of mandatory filtering out of "bad" sites on the internet sets a dangerous precedent.

Bush vow over financial bail-out

US President George W Bush has warned the US economy is at a "critical moment", and vowed to get his Wall Street rescue plan through Congress.

House votes down bail-out package

The US House of Representatives has voted down a $700bn (£380bn) plan aimed at bailing out Wall Street.

Amazon: Deserving Of Wall Street's Punishment?

With four tech titans -- Amazon, EMC, Microsoft, and Sun -- hitting their 52-week lows on Thursday, Oct. 23, and a bunch of others coming awfully close, I wondered in my last post if we should have called it Tech Black Thursday. In fairness, I didn't bother to do the same scan on some of Wall Street's other recent and horrific days. So, Thursday may not have been unique. But, at least in the case of Amazon, one has to wonder if Wall Street has it right.

US open: UK-style bank plan lifts stocks

LONDON (SHARECAST) - Coming off its worst week in three-quarters of a century, Wall Street has opened sharply higher, with a number of crisis stocks leading the way, after a US official confirmed the US Treasury is contemplating a UK-style capital injection for US banks through the purchase of equity.

US indicts UBS wealth management head

UBS suffered its biggest blow yet in the US investigation into its offshore banking activities for rich American clients as US authorities said they had indicted Raoul Weil, the Swiss bank’s head of global wealth management. The US Department of Justice indictment also said other senior unnamed UBS’s executives were involved as alleged “unindicted co-conspirators�. Separately, the indictment includes detailed allegations about how other, more junior, managers sought to circumvent US tax rules over a period of years. The DoJ claims Weil used the expression “toxic waste� to refer to the US business because of its acute sensitivity. In a statement Tuesday night, UBS said Weil would relinquish his duties pending resolution of the matter and said the bank was “fully committed� to continuing co-operating with the probe.

US govt may bail out troubled Citigroup

Global banking giant Citigroup has begun talks with the US government to rescue the bank after its shares plunged to a 15 year low on Friday – wiping out 50 per cent of its market value.

Red Hat tells Wall Street it wants Main Street

Commercial Linux distributor Red Hat hosted its annual analyst day in New York today, and as Wall Street continues to hemorrhage, the company couldn't have picked a gloomier time for the occasion.

Toys "R"Us to Offer Apple iPod "For the First Time Ever"

The iPod phenomenon shows little signs of abating. A spokesperson from the giant, Wayne, NJ-based toys retailer Toys”R”Us informs us that, beginning this month, it will offer a “wide selection of Apple iPod products in all of its Toys”R”Us stores nationwide for the first time ever.” Those comments refer to the American Toys“R”Us outlets and Web sites only. Although iPods aren’t yet listed on America's Toys"R"Us Web site, they have been available through its U.K. affiliate (www.toysrus.co.uk) for well over a year. There's no word when (or if) iPods might become available in Canada through this retail channel.

HSBC chief hits at state bank bail-outs

The government-sponsored bail-outs of western banks risk rewarding management teams for failure and could distort the market, Michael Geoghegan, chief executive of HSBC, warned Monday in comments that reflected deep frustration at the UK bank, which, despite suffering heavy losses in the US mortgage market, has weathered the credit crisis in better shape than many of its rivals. However, HSBC executives acknowledged the rescues in the US and Europe were necessary to stabilise the banking system and restore credit flows. Geoghegan spoke as HSBC signalled in its Q3 trading statement that recovery in its US consumer finance division might take longer than the three years it initially forecast. Its bad debt charges in the US rose 24% over the previous quarter to $4.

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