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Global Markets Slide

Riding on fears from the U.S. subprime mortgage crisis, a worldwide stock sell-off has involved some of the worst market declines since Sept. 11, 2001.

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Speedy Deal on Stimulus Plan May Not Yield Short-Term Help
Article | The $150 billion stimulus package Congress and the Bush administration unveiled yesterday meets the tests most economists prescribed for the ailing economy: It is targeted, temporary and (relatively) timely.
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Q&A: Pearlstein, 11 a.m. ET
| Washington Post business columnist Steven Pearlstein discusses what's happening with Wall Street and the global markets.
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Fed Cuts Interest Rate to Stem Panic
Article | The Federal Reserve slashed a key interest rate by three-quarters of a percentage point yesterday, a bold action designed to prevent steep losses in world stock markets from causing an all-out panic.

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