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Here is what the debate will be about, from CNNMoney,Global markets plunge on U.S. recession fears

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CK_John Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:22 PM
Original message
Here is what the debate will be about, from CNNMoney,Global markets plunge on U.S. recession fears
January 21 2008: 12:17 PM EST

LONDON (AP) -- Stocks fell sharply worldwide on Monday following declines on Wall Street last week amid investor pessimism over the U.S. government's stimulus plan to prevent a recession.

U.S. markets were closed for Martin Luther King Jr. Day, but the downbeat mood from last week's market declines there circled through Europe, Asia and Canada. The U.K. benchmark FTSE-100 dropped 4.7 percent to 5,625.20; France's CAC-40 Index plunged 5.9 percent to 4,793.39, while Germany's blue-chip DAX 30 slumped 6.74 percent to 6,821.42.

In Asia, India's benchmark stock index tumbled 7.4 percent, while Hong Kong's blue-chip Hang Seng index plummeted 5.5 percent to 23,818.86, its biggest percentage drop since the Sept. 11, 2001, terror attacks.

Canadian stocks fell as well, with the S&P/TSX composite index on the Toronto Stock Exchange down 4.8 percent. In Brazil, stocks plunged 6.9 percent on the main index of Sao Paulo's Bovespa exchange.

<http://money.cnn.com/2008/01/21/news/international/world_markets.ap/index.htm?cnn=yes>
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fasttense Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:27 PM
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1. This is why, I believe, Edwards is the best candidate.
He has a real plan and it doesn't include this "free market" economy we are witnessing now.
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redqueen Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:28 PM
Response to Reply #1
2. Same here. (nt)
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Metric System Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:33 PM
Response to Reply #2
4. Hillar has...
been talking about the economy for quite some time now. Edwards too.
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Deja Q Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:29 PM
Response to Reply #1
3. A fair market would improve EVERY country...
especially as we've given these countries a helping hand in improving them... or are our corporations mutlinational or US-centric, I still get confused over that...? :(

We can move forward and I feel positive the world will get past this economic "speed bump".
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ret5hd Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 01:44 PM
Response to Reply #3
5. Well, at least you made a post without reference to camera lens.
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applegrove Donating Member (1000+ posts) Send PM | Profile | Ignore Mon Jan-21-08 04:07 PM
Response to Original message
6. Not good.
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