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Economy: Global Crisis #924100

NBC Evening News for Thursday, Nov 13, 2008
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(Studio: Brian Williams) Stock Market Report.

(CNBC headquarters: Trish Regan) The economic crisis reviewed; figures on unemployment, home foreclosures and drops in stock values for Merck, Google and GE cited; details given of questions about the role of hedge funds. [To investors, President BUSH – says this crisis is not going to be solved overnight.] [Former FDIC chairman Bill SEIDMAN†- says the recession is getting worse.] [Representative Henry WAXMAN†- asks if hedge funds pose a systemic risk to our financial system.] [George Mason University Houman SHADAS†- defends hedge funds.] [Economist Michelle GIRARD†- comments on consumer uncertainty.] This weekend’s economic summit noted.

(Studio: Brian Williams) Report introduced.

(London: Dawna Friesen) A report from the Organization for Economic Cooperation and Development {OECD} about the global recession reviewed; details given about the situations in Germany, Britain, Russia and China. [Germany’s Finance Minister Peer STEINBRUCK† {thru reporter's translation} – says it’s difficult to listen to this news.] [OECD Jorgen ELMSKOV†- says we are in for a very troubled period.] [New West End Co. Jace TYRELL†- worries about retailers this Christmas.]

Williams, Brian;
Regan, Trish;
Friesen, Dawna

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