U.S. Vows More Help for Homeowners
By Vikas Bajaj
The government said it would help homeowners by insuring against losses on some modified loans.
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On this day
October 24, 2008
Revisit the music, news, notable people, and historical moments connected to this date.
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Headlines from October 24, 2008
West Is in Talks on Credit to Aid Poorer Nations
By Mark Landler
With the financial crisis engulfing developing countries, Western officials are weighing coordinated action.
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Tight Credit Curbs Growth in India
By Jeremy Kahn
The country had little exposure to subprime lending or to Western financial institutions, but the government is pulling out all its tools to combat the global financial turmoil.
Business1113 words
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Financial Crisis Spreads to Emerging Nations
By Martin Fackler
Once again, South Korea appears threatened by an international financial contagion that began elsewhere.
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Council Backs Bloomberg Bid to Run Again
By David W. Chen and Michael Barbaro
The City Council voted to extend term limits, allowing Mayor Michael R. Bloomberg to seek re-election next year.
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Music on My Birthday
Billboard 200
The Top 50 albums for the chart week of October 22, 2008, covering October 24, 2008.
- 1
Paper Trail
T.I.
- Last week
- 1
- Peak
- 1
- Weeks
- 2
- 2
Death Magnetic
Metallica
- Last week
- 5
- Peak
- 1
- Weeks
- 5
- 3
Appeal To Reason
Rise Against
- Last week
- —
- Peak
- 3
- Weeks
- 1
- 4
Jennifer Hudson
Jennifer Hudson
- Last week
- 2
- Peak
- 2
- Weeks
- 2
- 5
Dig Out Your Soul
Oasis
- Last week
- —
- Peak
- 5
- Weeks
- 1
Notable Deaths
2008Moshe Cotel, American pianist and composer (born 1943)[†]
Moshe (Morris) Cotel was a pianist and composer whose music was strongly influenced by his Jewish roots. Cotel moved from his Jewish roots to focus on music for most of his life, and received his rabbinic ordination and synagogue pulpit in the years before his death.
Historical Events
2008"Bloody Friday" saw many of the world's stock exchanges experience the worst declines in their history, with drops of around 10% in most indices.[†]
A stock market crash is a sudden dramatic decline of stock prices across a major cross-section of a stock market, resulting in a significant loss of paper wealth. Crashes are driven by panic selling and underlying economic factors. They often follow speculation and economic bubbles.
Historical Context for October 24, 2008
In 2008, the world population was approximately 6,844,457,662 people[†]