- Decisions coming soon on steel mill, smelter in New Madrid (11/17/17)1
- Cape man accused of secretly recording women, posting to porn site (11/22/17)
- Thankful People: Kirsten Strebe recovers from traumatic car accident, brain injury (11/23/17)
- Cape attorney Brandon Cooper to run for judge (11/20/17)2
- Thankful People: Moore family counts its blessing after harrowing accident (11/23/17)
- Cape native co-directs Thanksgiving-related indie film, 'Drinksgiving' (11/17/17)
- State audit: Bollinger County tax levies violate state law; county commission disagrees (11/17/17)3
- Deal Finder brings 'unique' shopping to Cape Girardeau (11/24/17)
- The Tungsten Groove to release first album featuring original songs (11/17/17)
- 1 dead, 3 hurt in accident on Highway 72 (11/19/17)
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.