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| DJI: | ↓157.47 | 10325.4 | ↓1.50% |
| NAS: | ↓29.33 | 1947.39 | ↓1.48% |
| S&P: | ↓15.05 | 1099.23 | ↓1.35% |
| FTSE: | ↓264.19 | 4716.06 | ↓5.30% |
| Nikkei: | ↓465.05 | 10473.1 | ↓4.25% |
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Classic Comments |
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| "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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Exchange Rates |
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| $£€ |  |  |  |  |  |
 | - | 0.735 | 1.548 | 1.346 | 103.2 |
 | 1.359 | - | 2.105 | 1.830 | 140.3 |
 | 0.645 | 0.475 | - | 0.869 | 66.65 |
 | 0.742 | 0.546 | 1.150 | - | 76.65 |
 | 0.009 | 0.007 | 0.015 | 0.013 | - |
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Newspapers the world over strive to provide readers with the ultimate news coverage.
The New Zealand Star is no exception.
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| Hotel Galvez, Galveston, Texas |

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Coming off Highway 45, about an hour's drive and 50 miles south of Houston, and as we approached Galveston my thoughts went...
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