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/ 19 September 2008
Who’s to blame? Indebted Americans? Alan Greenspan? Slack credit rating agencies? Greedy and overpaid chief executives?
Investors have concerns about South Africa, former Federal Reserve chairperson Alan Greenspan told a conference in Sandton on Tuesday.
Democratic hopeful Barack Obama on Wednesday dismissed Republican White House candidate John McCain’s economic plan as an insult, which left homeowners to face a mortgage crunch alone. In his first campaign appearance since a short vacation, Obama fired a new volley at the Arizona senator in a battle that is sure to intensify.
Hillary Clinton on Monday pitched a plan to stop a mortgage crisis degenerating into a full-blown recession as new vitriol spilled over in her Democratic White House struggle with Barack Obama. Obama’s camp said Clinton would do anything to win, while her aides accused him of stooping to gutter politics.
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/ 12 November 2007
There is potential for the rand to tend to be weaker due to the current-account deficit, but more than anything the currency’s fortunes will depend on the strength of the global economy, according to Dr Azar Jammine, director and chief economist of Econometrix.
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/ 22 September 2007
Fidel Castro looked alert and healthier during an hour-long interview taped and aired on Cuban television on Friday, responding to rumours of his death with a defiant ”here I am”. In the first video of the ailing 81-year-old revolutionary seen in more than three months, a pale Castro stayed seated the entire time.
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/ 16 September 2007
Former Federal Reserve chairperson Alan Greenspan, in a memoir to be released on Monday, criticised President George Bush and congressional Republicans for abandoning fiscal discipline and for putting politics ahead of sound economics. In his book, Greenspan said he was surprised Bush was unwilling to temper his campaign promises with fiscal reality once elected.