Javier’s Blog

Reuters - The head of the U.N. nuclear watchdog said on Tuesday its failure to detect nuclear arms work in Saddam Hussein’s Iraq in the 1980s showed his inspectors lacked authority to pre-empt proliferators.

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AP - Stocks staged a partial rebound early Tuesday after their biggest sell-off in years, though financial markets remained troubled a day after lawmakers rejected a $700 billion rescue plan for the financial sector. A key rate that banks charge to lend to one another shot higher, a tightening of the availability of credit that could spill through the economy.

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Reuters - Stocks on Tuesday clawed back from Wall Street’s worst slide in more than 20 years, as investors bet that Washington would still pass a plan to stabilize the U.S. financial sector despite Monday’s defeat.

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Reuters - The top Democrat and top Republican in the Senate on Tuesday promised swift action to pass a bipartisan financial rescue plan that the White House says is vital to protect all Americans as well as Wall Street.

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Reuters - Bank rescues spread in Europe on Tuesday and President George W. Bush gave assurances that a $700 billion bailout plan for the financial sector was not dead, giving markets around the world a boost.

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AFP - US President George W. Bush vowed on Tuesday to rescue the US economy as world leaders pressed for action after Congress blocked a 700 billion dollar bailout plan.

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AP - Americans’ confidence in the economy unexpectedly improved in September, but the reading still hovered near a 16-year low and does not fully reflect the financial meltdown that has rocked Wall Street and Main Street in recent days.

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European Union foreign policy coordinator Javier Solana says he is confident that Russia will respect a peace plan which calls for its forces to pull back from deep inside Georgia.

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AP - The United States on Tuesday slapped sanctions on members of Colombia’s main rebel group who represent the Revolutionary Armed Forces of Colombia in 11 foreign countries, including Mexico and Canada.

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AP - Thousands of pilgrims panicked by false rumors of a bomb stampeded at a Hindu temple in western India on Tuesday, killing at least 168 people in the crush to escape.

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