Wall Street fears spill beyond borders as banks stall
Dmitry Zhiltsov runs a Moscow recruiting agency feeling the U S meltdown abroad. He worries as lending tightens and housing sinks raise mortgage pressure in St. Petersburg. Across the globe markets buckle from Manhattan to Algiers and New Delhi impacting families and small firms. His wife and children wait as Russian news screens echo the crisis.
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Outsourcing in Airlines' Heavy Maintenance Draws FAA Fire
The inspector general faulted the FAA for weak oversight as nine major U.S. airlines outsourced 71 percent of heavy airframe work in 2007, with 27 percent at foreign facilities. The report notes increases since 2003 and cites reliance on airlines and repair shops to ensure safety.
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Congress approves bailout to rescue economy
Nation awaits impact of the financial rescue as Congress and President Bush enact a large bailout package. Treasury Secretary Paulson signals rapid work to start funds flow while markets wobble after the vote and job losses rise. Bush cautions benefits will come slowly and spent tax dollars carefully.
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