Love JPMorgan, Buy Visa

From the Best of TSC TV: Stephanie Link, director of research for Cramer's Action Alerts PLUS, reveals the stock to buy in the wake of JPMorgan's great quarter. Original air date: 10/15/09.

Latin America plans US dollar replacement

Leftist Latin American leaders have agreed on using a new intra- regional trading currency, dubbed as Sucre, instead of the US dollar.

Bolivian President Evo Morales, who hosted leaders of the Bolivarian Alternative for Latin America and the Caribbean (ALBA), said that the “document is approved.”

During the seventh ALBA summit, the leaders agreed on the currency reform as well as approving plans to impose economic sanctions against the coup leaders in Honduras, AFP reported.
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Wall Street pays record bonuses after US bailout - 14 Oct 09

Barely a year after the Wall Street bailout sparked public outrage and calls for nationalising banks, executives are raking in record-breaking salaries and big banks are posting blockbuster profits.

The windfall is evident in the $140bn in salaries that banks and investment houses are paying their executives. Many of those who
will benefit work for JP Morgan, whose huge third-quarter profit boom helped push the Dow Jones Average over the coveted
10,000 mark for the first time in a year.

Meanwhile, ordinary American workers continue to see sharp pay cuts and the worst joblessness in 20 years. John Terrett reports.

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bailout stimulus banking finance obama pay bonuses executives aljazeera john terrett