Africa Leader
AfricaLeader.com Monday 6th October 2008 Edition 280/2008
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They said it
"The House of Representatives has shown a catastrophic failure of leadership. Monday’s vote, rejecting Hank Paulson’s admittedly imperfect plan to add liquidity, transparency and perhaps a little capital to the banking system, was shameful. It was a triumph of political expediency over the needs of the nation. The signal was that congressmen would rather save their seats than do what it takes to keep the US payments system functioning. The vote was reversed on Friday but the message cannot be unsaid."
Financial Times editorial
The leading British financial newspaper was making its point in an editorial published on Saturday.

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Zimbabwe, Dollar0.0170.0120.153-0.095
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Central Africa
  • EU not ready to lift Zimbabwe sanctions
  • Culture Minister Considers Solidarity Show Magnificent
  • Luanda Hosts World Habitat Day Events
  • Post-Apartheid South Africa Enters Anxious Era
  • Nine dead in light aircraft crash in South Africa
  • Fixing U.S. Trade Benefits for the Poorest of the Poor
  • Botswana and Namibia voted less risky resource development African states
  • Cuban Songstress Delighted At Angolan Public

    South Africa
  • S.African stocks, rand plunge on run from risk
  • Mother tells court how husband shot kids
  • IMF chief warns of global slowdown
  • Somalian shot dead in robbery
  • CORRECTED - Mali appoints banker as new mines minister
  • Zain Tanzania sees users up 15 pct in 2008
  • Black home owners on rise

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    Breaking News
    Nigerian oil militants release 19 hostages
    Nairobi/Nigerian oil militants Sunday said they had released 19 Nigerian oil workers kidnapped two weeks ago but said they would hold on to a Briton and two Ukrainians taken at the same...

    Zimbabwe parties fail to break impasse
    ZIMBABWE'S opposition renewed a call today for regional mediators to help break an impasse over a power-sharing deal with President Robert Mugabe's ruling party, after weekend talks ended in...

    Peacekeepers protect Darfur camp amid attack fears
    By Herbert LashNEW YORK (Reuters) - Fear gripped investors around the world on Monday, causing them to dump stocks and snap up safe-havens after European leaders were seen doing too little too late...

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    World News
    Currency markets in turmoil as global stocks plunge
    Foreign exchange markets are experiencing violent gyrations Monday amidst global markets...

    Obama and McCain present conflicting views on Iraq
    Presidential candidates Barack Obama and John McCain have presented conflicting visions of how they plan to shrink American military presence in...

    John McCain regarded as cavalier air force pilot
    Though Republican presidential candidate John McCain has used his war hero status to push his political ambitions, fresh evidence has surfaced that the ex-navy pilot was actually accident...

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    Business News
    Dow dives 800 points, recovers nearly 440 points
    Unsurprisingly Wall Street was sharply lower...

    European equities sell off sharply
    Stock markets in Europe joined their Asian counterparts Monday in sending stocks into a...

    Policy experts say more must be done to stimulate US economy
    The Federal Reserve and US Treasury have been asked to take further measures to stimulate the ailing credit...

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    More Africa News
  • US Navy says crew on hijacked ship near Somalia OK
  • BHGI and Ghana combat breast cancer together
  • Monitoring group says African governance improved
  • Prosecutor calls for Uganda rebel
  • Mauritanian Junta Ignores African Union Ultimatum

    Editorials
  • Mexico City massacre marked forty years on
  • Too many students come unprepared
  • Come Nov. 5th, All Will Be Forgiven
  • Jeannette man killed in weekend crash

    North Africa
  • Parliamentarians from Nato nations to gather at Abu Dhabi
  • NDC Declares War On Corruption
  • Sudan reports surrender of rebel unit
  • US opens trade office in Libya

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    Environment
  • Indian spiders in IUCN Red List
  • Greenpeace activists board coal ship off Spanish coast
  • Ike environmental toll apparent
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