Fed cuts interest; stocks soar
ANOTHER CUT: The Federal Reserve slashed a key interest rate by three-quarters of a point Tuesday in an effort to control a spreading credit crisis.

Morgan Stanley 1Q beats expectations
NEW YORK – Morgan Stanley, one of the world’s biggest investment banks, on Wednesday reported strong stock and bond trading pushed first-quarter above Wall Street projections.

U.S. core producer inflation up, housing still mired
WASHINGTON (Reuters) – The troubled U.S. housing sector delivered more gloomy news on the flagging economy on Tuesday, while evidence of inflation pressures continued to lurk in the producer pipeline.

Candidate led high-risk securities firm
RICHMOND, Va. – Former Gov. Jim Gilmore, who was criticized for his handling of state finances, was chairman of a Bear Stearns subsidiary set up to market some of its highest-risk securities tied to the home mortgage industry meltdown.

The Street on Welfare (by E. J. Dionne Jr., Washington Post)
Never do I want to hear again from my conservative friends about how brilliant capitalists are, how much they deserve their seven-figure salaries and how government should keep its hands off the private economy. The Wall Street titans have turned into a bunch of welfare clients. They are desperate to be bailed out by government from their own incompetence, and from the deregulatory regime for which they lobbied so hard… [I]f this near meltdown of capitalism doesn’t encourage a lot of people to question the principles they have carried in their heads for the past three decades or so, nothing will. We had already learned the hard way — in the crash of 1929 and the Depression that followed — that capitalism is quite capable of running off the rails… But in the enthusiasm for deregulation that took root in the late 1970s, flowered in the Reagan era and reached its apogee in the second Bush years, we forgot the lesson that government needs to keep a careful watch on what capitalists do.

porn teen disneyporn disney toon galleriesdisney xxx porndisneyland porndisneys gargoyle pornporn disnrypornland disnyon distrusting porn internet Map