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Washington, Oct 14 (IANS) Rebounding from its worst week in history, Wall Street has soared again with the US government outlining several steps to combat the financial crisis, including a likely $250 billion injection to help struggling banks.Monday’s massive rally saw the Dow Jones industrial average

Last week’s 18 percent stock market plunge was sparked by fear that the American economy is headed into a deep recession driven by a disastrous worldwide freeze-up of the credit system. Monday’s 11 percent rally reflected hope that the industrial world’s governments are finally coming up with an adequate rescue plan.

——————————————————————————— 1. US-Presidential Election 2008 and the cost of failed policies of Republican President Bush Barack Obama, winning more than 2206 delegates (including 441 superdelegates) has succeeded to clinch the Democratic Presidential nomination and Clinton, the most successful female

Republicans Not Happy With John McCain's Mortgage Plan Source: “He’s alienated his base,” said one House Republican. “Maverick McCain missed his moment. He could have opposed this and created distance from Bush.” Another Republican said supporting the bailout would trouble more than members of the Republican base.

The Bush administration is expected to take stakes in the nation's top financial institutions as part of a wide-ranging effort to restore confidence to the battered banking system, following similar moves by European governments that sent global stock markets soaring.

France, Germany, Spain and even the US all followed in the footsteps of visionary genius UK Prime Minister Gordon Brown (pictured above) yesterday and launched huge bank rescue plans. The move came after the British government took majority stakes in the Royal Bank of Scotland and HBOS, and lent money to Lloyds TSB.

"Another aspect of our collective soul is the American sense of fair play, especially when it applied to ourselves. That is why it is so curious that there is such a complete and utter lack of transparency at the upper most echelons of our financial system.

Most Asian stock markets recovered Monday (10/13/08) after last week’s historic sell-off as governments around the world intensified efforts to boost the ailing financial system. Hong Kong’s Hang Seng Index, which tumbled more than 7% Friday, opened over 2% but shed its gains to trade about 360.50 points higher, or 2.44%, at 15,157.37.

The Lede: Following the Financial Crisis and the Markets NYT > Business Mon, 10/13/2008 - 12:03 Top banking executives have been called to meet with Treasury Secretary Henry M. Paulson this afternoon.

Morgan Stanley' CEO John J. Mack, dubbed "Mack the Knife," appeared to have pulled a rabbit out of a hat this morning when he announced a deal with Mitsubishi UFJ for a $9-billion lifeline.