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Nearly $250 Million to Curb Poverty (Scoop.co.nz) The United Nations International Fund for Agricultural Development (IFAD) announced today that it has approved almost $250 million in loans and grants to support one dozen initiatives aimed at fighting poverty in Africa, Asia, Europe and Latin America. The Fed's Focus: Lending, Not Cutting (BusinessWeek Online via Yahoo! UK & Ireland Finance) Bernanke and Co., seeing a rate cut as the wrong treatment for now, are stepping up as a lender of last resort to cash-hoarding banks -- and AIG as well FDIC closed to needing Treasury Dept. loan (The News Journal) WASHINGTON -- The Federal Deposit Insurance Corp. Stocks plunge further on credit fears (Bay News 9 Tampa Bay) (CNNMoney.com) -- Stocks plummeted Wednesday, with the Dow industrials down 449 points at the close, as the government's emergency rescue of AIG amplified fears about the stability of financial markets. Fed Asks Treasury Dept. for Funds to Backstop Intervention Efforts (Washington Post) The Federal Reserve has requested that the Treasury Department deposit $40 billion with the central bank in an effort to help the Fed continue to stabilize the financial markets and address concerns about whether it is overstretched. Drought Disaster Declared in 22 Colorado Counties (FOX 31 Denver) DENVER - Government declares a drought disaster in 22 Colorado counties. Drought Disaster Declared in 22 Colorado Counties (FOX 31 Denver) DENVER - The federal government declares a drought disaster in 22 Colorado counties. Recovery Help and Tips (The Woodlands Villager) School Closings: Conroe ISD (thru Friday); Montgomery ISD (thru FRI), Lone Star College (closed until Monday, 9/22/08), Willis ISD (thru Wednesday), Splendora ISD (thru Friday), Magnolia ISD (thru Friday & Staff report on Thurs. if possible), New Caney ISD (thru Friday)Cleveland ISD (thru Friday)Check the following web page for complete school closures in the ... Federal aid programs for Texas disaster recovery (Cy-Fair Sun) Following is a summary of key federal disaster aid programs that can be made available as needed and warranted under President Bush?s major disaster declaration issued for Texas. Another thrashing for stocks (CNN Money) Stocks plummeted Wednesday, with the Dow industrials falling 449 points in its second worst session of the year, as the government's emergency rescue of AIG amplified fears about the stability of financial markets. |
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