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Sean O'Grady: It never rains...

Even before they were printed, the IMF's latest economic forecasts were way out of date

Investment Column: N Brown is well insulated from credit crunch

Our view: Hold

IMF promises swift assistance to troubled countries

The IMF has promised to deliver swift assistance to countries grappling with severe economic difficulties. The Managing Director of the IMF, Dominique Strauss-Kahn, said yesterday that the IMF Board had approved the use of the funds Emergency Funding Mechanism, which means that funds can be delivered within two weeks, bypassing the usual, more protracted procedures.

GregRobert Quality Pet Supplies and Shane's Tack to Donate Portion of Profits to Texas Veterinary Medical Association
October 7, 2008
Farmington Hills, MI ( www.MichiganPR.net )
Contact: carol@gregrobert.com
248 242 7231

GregRobert Quality Pet Supplies and Shane's Tack, two of the pet industry's leading online retailers, will be donating a percentage of their profits to help aid the Texas VMA in the aftermath of Hurricane Ike.

Visit: Shane's Tack: www.ShanesTack.com
Visit: GregRobert Quality Pet Supplies: www.GRpet.com
Some good news! Tesco cuts petrol price by 3p

Supermarket giant Tesco said it was cutting the cost of petrol by 3p a litre today as oil prices fell to their lowest level for a year.

The Investment Column: Steer clear of Kesa as long as downturn lasts

Kesa

SCHOONER MADELINE SAIL OFFERED
For Immediate Release ( www.MichiganPR.net )
Kelly Curtis, Office Manager
Maritime Heritage Alliance
(231)946-2647
kelly@maritimeheritagealliance.org

SCHOONER MADELINE SAIL OFFERED

Maritime Heritage Alliance will be offering a sail aboard the schooner MADELINE for adults interested in becoming a member of her crew. This sail will be held on Thurs. Sept. 25th from 5:30 pm to 8 pm. The schooner MADELINE is a replica of a ship that sailed the Great Lakes in the mid 19th century and served as the area's first non-Native American school. It was built by Maritime Heritage Alliance volunteers from 1985 to 1990 and has since served as an ambassador for Traverse City and the State, visiting ports all over the Great Lakes. This sail will give potential crew an opportunity to get a taste of sailing on a traditional schooner.

Traverse City Hotels
Bank shares plummet as uncertainty grips market

Bank shares dived and money markets hit new levels of seizure yesterday, piling pressure on the UK Government to take further action to shore up Britain's financial system.

Traders' worst fears realised at Lehmans auction

Derivatives traders were yesterday nervously picking their way through the wreckage of the Lehman Brothers bankruptcy in what was the biggest test to date of the unregulated $60 trillion (£35.4 trillion) credit default swaps market.

Market Report: Banking rally proves to be a false dawn

London basked in the glow of the banks' strength in the wake of their bailout for much of yesterday, before Wall Street jitters sent the FTSE 100 back to familiar red-coloured territory. This came despite rumours that the G8 will announce a guarantee of all interbank lending after its meeting this weekend.

A change of fortune for the City superheroes?

When the credit crunch passes its nadir, the words of Warren Buffett, the Sage of Omaha and legendary investor, may come back to haunt a few of this country's most high-profile multimillionaires."You only find out who's been swimming naked when the tide goes out," he said.

Banks in limbo after confusion over £400bn bailout

After initial relief that the Government had come to the banking industry's rescue, confusion increased yesterday over how its £400bn plan would work, leaving markets in limbo.

Panic sends Dow to its worst crash in 21 years

The global stock market sell-off turned into a full-blown crash in the US last night, as panicked investors dumped shares on fears that the world is heading into a dangerous recession.

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