Stories for October 2008

Friday, October 3rd 2008 - 21:00 UTC
Regional support for Correa and new Ecuador constitution

South American Nations Union country members congratulated on Thursday the people and government of Ecuador for the passing and approval of the new Constitution, voted last Sunday, according to an official release made public in Santiago de Chile.
Friday, October 3rd 2008 - 21:00 UTC
Close vote expected for bail-out plan in US Lower House

Members of the United States House of Representatives are considering a revised 700 billion US dollars plan to rescue the US financial sector and should be taking a vote on Friday.
Friday, October 3rd 2008 - 21:00 UTC
Sarah Palin set the tone of the debate, according to CNN

Alaska Governor Sarah Palin set the tone for how she would approach Thursday night's vice presidential debate before it began. Meeting Democratic rival Senator Joe Biden at center stage to shake his hand as they walked out, she greeted him warmly and said, “Nice to meet you. Hey, can I call you Joe?”
Friday, October 3rd 2008 - 21:00 UTC
Falkland Islands: Weekly Penguin News Update

Headlines: Bank is in great shape; FIG investments safe; HMG respond to President Kirchner; Buckle up; Public holiday.
Friday, October 3rd 2008 - 21:00 UTC
For Argentina's MOD, Islas Malvinas are Falkland Islands

A major blooper committed by Argetnina's Ministry of Defence official publication has put an end to the South Atlantic sovereignty dispute: the Islas Malvinas are definitively the Falkland Islands and Puerto Argentino is Port Stanley, reports the Buenos Aires press.
Friday, October 3rd 2008 - 21:00 UTC
California is asking 7 billion USD from Uncle “Hank” Paulson

California is the latest US state to be feeling economic shockwaves from the financial crisis on Wall Street in the form of budget deficits, dwindling finances and plummeting pension funds.
Friday, October 3rd 2008 - 21:00 UTC
World oil demand at its lowest in 5 years; outlook bearish

The outlook for oil demand is weakening, shifting the sentiment of oil markets from bullish to bearish according to a report from the Saudi Arabia's Arab News daily.
Friday, October 3rd 2008 - 21:00 UTC
Uruguay's forecasted to end 2008 with one digit inflation

Consumer prices in Uruguay during September increased 0.6%, accumulating 7.63%, in nine months and making the 2008 target of 7% look significantly distant, according to the latest release from the Statistics Office, INE.
Friday, October 3rd 2008 - 21:00 UTC
US House votes rescue package: now unchartered waters

The United States House of Representatives finally passed a 800 billion government plan to rescue the US financial sector. The 263-171 vote was the second in a week, following its shock rejection of an earlier version on Monday.
Friday, October 3rd 2008 - 21:00 UTC
UK “heavyweight” cabinet to address the financial turmoil

British Prime Minister Gordon Brown has reshuffled his cabinet with more “experienced” heavy weights from New Labor beginning with Peter Mandelson, the EU Trade Commissioner and twice minister with Tony Blair.