|WALL STREET ENDS WORST WEEK EVER AS FINANCIAL|
CRISIS GRIPS MARKETS
October 11, 2008
(NEW YORK, N.Y.) -- On Wall Street the Dow Jones Industrial Average Friday ended the worst week in its 112-year history with its most volatile trading day ever, as hopes for a major international bank-rescue plan were overwhelmed at day's end by another wave of what appeared to be panic selling.
|HUNDREDS OF LOCAL BOAT MAKERS TO LOSE JOBS IN CLOSURE OF ARLINGTON PLANT|
October 10, 2008
(ARLINGTON, WA) -- In an announcement that stunned hundreds of local boat manufacturing workers, one of Snohomish County’s largest employers has become a victim of the now worldwide financial crisis brought on by the sub prime mortgage meltdown. Meridian Yachts says it will close the doors at its 500,000-square-foot manufacturing plant in Arlington within 60 days due to a dramatic decline in boat sales nationally.
|WORLD BANKS CUT INTEREST RATES TO STEM DEEPENING MONEY CRISIS|
October 08, 2008
(NEW YORK, N.Y) -- With what one financial publication called “unprecedented global coordination”, six central banks including the U.S. Federal Reserve and European Central Bank cut interest rates sharply today in an emergency move designed to short circuit the economic damage from a deepening world wide financial shock precipitated by the sub prime mortgage meltdown in the U.S.
|JOB SEEKERS LURED TO BANK ROBBERY LOCATION AS DECOYS|
October 02, 2008
(MONROE, WA) -- A short time after a group of laborers was lured to a Monroe park by the promise of landscaping work were beginning to wonder if they were part of a joke, they discovered they were more likely decoys in an elaborately planned bank robbery in which the suspect may have used an inner tube to escape.
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