September 2008
Las Vegas Business Press (10712186);9/29/2008, Vol. 25 Issue 39, p15
This section offers business-related news briefs in the U.S. Federal Reserve Chairman Ben Bernanke has warned that the economy will shrink if markets do not begin functioning and has urged lawmakers to pass a $700 billion rescue for financial institutions. Retailers may post the smallest holiday sales gain in 2008 due to rising unemployment and high food prices. Billionaire Warren Buffett has said that his $5 billion investment in Goldman Sachs Group Inc. is an endorsement of the Treasury's $700 billion bank rescue plan.


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