Stories for October 2008

Wednesday, October 15th 2008 - 20:00 UTC
UK September inflation peaks at 16 year high, 5.2%

UK inflation hit a 16-year high of 5.2% in September, with energy bills behind much of the rise, figures have shown. The Consumer Prices Index (CPI) measure was up from 4.7% in August.
Wednesday, October 15th 2008 - 20:00 UTC
CBS/NYT poll gives Obama 14 points lead over McCain

The United States Democratic presidential nominee Barack Obama is entering the third and final presidential debate Wednesday with a wide lead over Republican rival John McCain, according to the latest CBS News/New York Times poll.
Wednesday, October 15th 2008 - 20:00 UTC
Marx “Das Kapital” sales soar among young Germans

Sales of Kart Marx's “Das Capital” have soared in Germany as a consequence of the financial crisis reported on Tuesday editor Jrn Schtrumpf from the newspaper “Neue Ruhr/Rhein Zeitung” (NRZ).
Wednesday, October 15th 2008 - 20:00 UTC
Russian interest in South American Defence Council

Russia officially requested its incorporation as observer to the Union of South American Nations Defence Council, CDS announced on Tuesday Argentina's Defence Ministry.

The request was presented by Russian Security Council chairman Nikolay Patruscev during a meeting held with Minister Nilda Garré.
Wednesday, October 15th 2008 - 20:00 UTC
Cost of world crisis: 2% world GDP say Commerce Chambers

The current financial crisis could exact a toll on the world's gross domestic product, an international business group in Belgium said.
Wednesday, October 15th 2008 - 20:00 UTC
Argentina industry fears depreciation of Brazilian currency

Argentina's powerful industrial lobby, warned that the current real exchange rate with Brazil is back to “2001 levels”, when the preambles of the worst economic crisis suffered by the country in a century.
Wednesday, October 15th 2008 - 20:00 UTC
Krugman: no return to Marx but to Franklin Roosevelt

Paul Krugman, who won this year's Nobel Prize for economics, told CNBC that the Treasury Department's move to inject banks with 250 billion US dollars is better than the original bailout plan.
Wednesday, October 15th 2008 - 20:00 UTC
Nobel praise for PM Brown financial rescue plan

In an article titled “Gordon does Good” published Monday in the New York Times the Princeton University scholar lavished praise on Brown for his timely action against the ongoing financial turmoil.
Wednesday, October 15th 2008 - 20:00 UTC
Captain of ship wrecked on Gibraltar cliffs, free on bail

Gibraltar Police arrested the captain and two officers of the cargo ship Fedra, which ran aground on the sheer cliffs of Europa Point last Friday in extreme weather, reports the Gibraltar Chronicle.
Wednesday, October 15th 2008 - 20:00 UTC
Falklands: UK tells UN no to sovereignty negotiations

The United Kingdom reiterated it has no doubts about sovereignty over the Falkland Islands and said that there could be no negotiation on the issue until and at such time as the people of the Islands so wished.