To the Point
Will the Global Crisis Produce International Cooperation?
The world's central banks coordinated a cut in short-term interest rates yesterday, as the US treasury considers buying stake in banks. Can countries cooperate further to restore confidence in the global economy? Will mutual interests overcome national rivalries? Will international finance meetings provide relief in the next few days? Also, will eligible voters be kept away from the polls?
By Warren Olney • • 1h 0m ListenThe world's central banks coordinated a cut in short-term interest rates yesterday, as the US treasury considers buying stake in banks. Can countries cooperate further to restore confidence in the global economy? Will mutual interests overcome national rivalries? Will international finance meetings provide relief in the next few days? Also, voting officials in six swing states may be violating the law by keeping eligible voters away from the polls.
In this episode
3 storiesUS Treasury Considers Buying Stakes in Banks
Despite unprecedented moves in the past few days, the frozen credit markets have not yet thawed out. Now, the Treasury Department is looking at another dramatic action, taking ownership stakes in many American banks. Deborah Solomon reports for the Wall Street Journal .
Read the story6 minG7 Finance Ministers to Gather to Discuss Global Financial Crisis
Treasury Secretary Paulson said yesterday that governments around the world need to coordinate their actions so "the action of one country does not come at the expense of others or the stability of the system as a whole."
Read the story36 minEligible Voters Are Being Dropped From Voter Rolls
A story in today's New York Times that reports on state records and Social Security data in six of the so-called "swing states" in the presidential election -- Colorado, Indiana, Ohio, Michigan, Nevada and North Carolina -- finds that federal law appears to have been violated in two ways.
Read the story7 min
