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Newspaper
Garden City Telegram
Location
Garden City, Kansas, United States of America
Date
Oct 10, 2008
Page
8
Partly cloudy and breezy tonight with south-southeast winds 15 to 25 mph. Mostly cloudy and cooler tomorrow afternoon with a strong thunderstorm. 2 to 4 hours of sun and a 55 percent chance of precipitation, humidity around 65 percent. Drying conditions poor as soil temperature yesterday reached 72 degrees.
In New York and across Asia and Europe a broad sell-off continues as central banks enact rate cuts without stabilizing credit markets. The Dow falls about 600 points amid discussions of expanded deposit guarantees and possible bank stakes, while officials weigh rescue plans ahead of G7 ministers' meeting.
European shares tumbled as Wall Street and Asia posted heavy losses amid fears central bank actions failed to ease interbank lending. FTSE 100 sank to 3,985.77, DAX 4,487.08, CAC 40 3,188.67 as Libor jumped to 4.82 percent, with trading suspended in several countries.
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