Monday, March 17, 2008 Last Update: 5:52 AM ET

Fed Acts to Rescue Financial Markets

Aids Takeover, Cuts Rate and Provides Cash for Troubled Firms

The Fed approved a $30 billion loan for the takeover of Bear Stearns and announced a new lending tool for investment firms.

JP Morgan Pays $2 a Share for Bear Stearns

The $270 million deal was about one-tenth the firm's market price on Friday.

Darren Whiteside / Reuters

A trader stands on the floor of the Philippine Stock Exchange which closed down 3.88 percent on Monday.

Asia Stocks Plunge ; European Markets Open Lower

Concerns about the global banking network and the fallout from the bargain-basement sale of Bear Stearns to JPMorgan Chase drove Asian and Europe stocks lower.

Border Crossings
World Banker and His Cash Return Home

Dilip Ratha, who has gone from a small village in India to the World Bank, has firsthand knowledge of his area of interest the economics of migration.

Five Years In
Fateful Choice on Iraq Army Bypassed Debate

The decision by L. Paul Bremer III to dissolve Iraq's Army was a reversal from a plan the White House had approved.


What Young Designers Dream Of
What Young Designers Dream Of

To get an idea of what's in store for showroom models of the future, take a look at concept cars from young designers.

Submit photos and view and comment on other readers' cars. Also, view and submit events to the Automotive Events Calendar.

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NYtimes.com / Monster

Dipping Carefully Into the Betting Pool

Dipping Carefully Into the Betting Pool A simple diversion like an N.C.A.A. office pool can build camaraderie, but be wary of indulging to excess.

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Postfeminism and Other Fairy Tales
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