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UN's special economist pushes for broadened global finance summit

UN's special economist pushes for broadened global finance summit New York - Saying US markets have lost some legitimacy as the world pace setter, the head of a new UN panel on the world financial crisis called for a broadened global finance summit after the G-20 leaders meet in Washington in mid November to resolve the economic meltdown.

"The hope is that it will begin a process, set the agenda and it needs to be a multilateral approach in which the voices of all the countries are heard," said Joseph Stiglitz, winner of the Nobel Prize for Economics in 2001.

At least seven dead in crash of Italian army helicopter in France

At least seven dead in crash of Italian army helicopter in France

British queen's first visit to Slovakia under way

British queen's first visit to Slovakia under way Bratislava - Britain's Queen Elizabeth II arrived in Slovakia Thursday for her first visit to the ex-communist country that went independent 15 years ago and became an economic success story.

The queen and her husband, Prince Philip, came off a trip to Slovenia, a smaller country to the south that once was part of Yugoslavia.

Wachovia reports $23.9 billion 3Q loss; Wells Fargo to take over

Wachovia reports $23.9 billion 3Q loss; Wells Fargo to take over

Jordan government guarantees all bank deposits

Jordan government guarantees all bank deposits Amman - Jordanian Prime Minister Nader Dahabi announced Thursday that the government would guarantee all bank deposits in the country until the end of 2009.

"All bank deposits, without any ceiling, will be guaranteed by the government until the end of 2009," Dahabi told board chairmen and general managers of local commercial banks whom he met at the Central Bank of Jordan (CBJ).

Dahabi and CBJ governor Umayyah Touqan assured the bank executives that the country's banking system was not experiencing any liquidity shortage or any credit crisis.

Poll shows majority California voters oppose gay marriage ban

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