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Politics : President Barack Obama -- Ignore unavailable to you. Want to Upgrade?

To: ChinuSFO who wrote (37061)	10/8/2008 9:43:28 AM
From: tejek	Respond to of 149317

Central banks cut interest rates: The Federal Reserve, European Central Bank, Bank of England, Swiss National Bank, Bank of Canada, Sveriges Riksbank made an emergency intermeeting coordinated 50 basis point rate cut. The fed funds rate is now at 1.50%, and the discount rate is at 1.75%. The Bank of Japan expressed support for the coordinated effort (its rate is already at only 0.5%). China cut is rate by 29 basis points.