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Scramble to save banks as IMF warns of meltdown

WASHINGTON/CANBERRA (Reuters) - Rich nations rushed to shore up the global financial system after the International Monetary Fund warned of meltdown, with Australia and New Zealand guaranteeing bank deposits and newspapers reporting plans for Britain's biggest retail bank rescue.

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Australia guarantees bank deposits to combat crisis

CANBERRA/WELLINGTON (Reuters) - Australia and New Zealand gave a blanket guarantee to all bank deposits Sunday in a move likely to raise pressure on other economies to do the same, amid a crisis of confidence in the global financial system.

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Single Tree Contest Winner

Congratulations Jas for winning the Single Tree contest. The image depicted is of a lake in New Zealand with a single tree growing out of it. The lake is named Lake Wanaka. This place sure seems to be a wonderful solitary spot in which to reflect and relax. Great picture, Jas!  

[TLF Nature Photography Blog] - Beitrag lesen

Daily Travel Photo - Mirror Lake, New Zealand

Sign on Mirror Lake near Milford Sound, New Zealand. This photo would have been a lot more mirror-like if it hadn’t been raining when I was there. [...]

[Everything Everywhere] - Beitrag lesen