Liberalism: Do You Agree We've Had Enough of It? Message Board

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Politics : Liberalism: Do You Agree We've Had Enough of It?

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To: Kenneth E. Phillipps who wrote (20553)	1/24/2008 11:44:09 AM
From: Hope Praytochange	of 224822

Market Edges Up on Rescue Efforts, Jobless Claims By REUTERS Published: January 24, 2008 Filed at 11:10 a.m. ET Skip to next paragraph NEW YORK (Reuters) - Stocks edged up on Thursday, extending a steep late-day rally in the previous session that was sparked by optimism about government and central bank plans to boost the economy. In addition, data showing the number of U.S. workers applying for jobless benefits fell unexpectedly last week to the lowest level in four months, suggesting the labor market remained stable even as the economy slowed.(kennyboy hair recessed: hair recession) Wall Street snapped a five-day losing streak on Wednesday, with a late day surge, on news New York's insurance regulator pressed major banks to put up billions of dollars to rescue ailing bond insurers. The chairman of the U.S. Senate Finance Committee said on Thursday the panel would meet next week to draft a U.S. economic stimulus bill. The market also drew support from growing expectation that aggressive interest-rate cuts by the Federal Reserve could help stabilize the economy and support the beleaguered banking sector. But the markets remained jittery.

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