- Missing Jackson woman found dead in Bollinger County pond (06/23/16)3
- Many Jackson students may face random drug-testing (06/26/16)30
- Village of Zalma must disincorporate, law says (06/23/16)5
- Jackson man accused of felony assault after attack at Cape bar (06/26/16)7
- I want an angry president (06/21/16)17
- Coroner asks for grand jury in Poplar Bluff fatal hit-and-run case (06/28/16)
- Man allegedly kicks woman, punches man after denied a sexual favor (06/23/16)
- Witness says he saw suspect kill his best friend (06/24/16)
- Officials: Ash borer less of a problem here than in St. Louis (06/27/16)
- Business notebook: Melting Co. adds to Cape's food-truck fleet (06/27/16)
Fed makes $50 billion available for Europe to support banks
AP Economics WriterWASHINGTON (AP)-- The Federal Reserve, seeking to stabilize the global economy following the worst terrorist attack in U.S. history, announced Thursday that it was making $50 billion available to stabilize European banking systems.
The Fed said it was taking the action "to facilitate the functioning of financial markets and provide liquidity in dollars."
The unusual move followed by one day a joint statement from the world's seven richest countries pledging that their central banks would coordinate activities to make sure that emergency withdrawals did not destabilize any of their banking systems.