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David R. Sands

David R. Sands

dsands@washingtontimes.com

David R. Sands covered numerous beats, including international trade, banking, politics and Capitol Hill, and spent eight years on the foreign desk as senior diplomatic correspondent. He has authored The Times' weekly chess column since 1993.

Articles by David R. Sands

With late rally, Wall Street bucks trend

The prospect of cheaper oil and cheaper money helped Wall Street buck the global market trend and post sharp gains Thursday, as a late rally put U.S. stock markets in the black after two days of sharp losses.

October 16, 2008

Losses lighter as queasy traders digest more bad news

In what passes for good economic news these days, panic gave way to uncertainty as Wall Street investors tried to digest a string of new reports on the health of the U.S. and world credit markets.

October 16, 2008

Bush: Banks boost to be ‘limited, temporary’

The Bush administration's plan to spend up to $250 billion to bolster the U.S. banking industry comes with a built-in exit strategy - assuming the plan works as its designers hope.

October 15, 2008

Treasury weighs how to cash out ‘ante’

The Bush administration's plan to "invest" up to $250 billion in the U.S. banking industry comes with a built-in exit strategy — assuming the plan works as its designers hope.

October 14, 2008

European action sparks record-setting market rally

European governments Monday helped spark a record-shattering global market rally, pledging more than $2 trillion in taxpayer money in a coordinated strike to shore up the Continent's banks as the Bush administration scrambled to rework its own $700 billion Wall Street rescue package.

October 14, 2008

Bailout chief speaks, promises quick action

Treasury Department official Neel Kashkari told international bankers on Monday that the government has already taken steps to implement the rescue package. The stock market rebounded almost 600 points.

October 13, 2008

Europe agrees to secure banks

Leaders of 15 European nations revealed a plan Sunday to put new money into banks while facing a global credit crunch, as policymakers nervously awaited the re-openings of battered world stock markets.

October 13, 2008

Nervous markets eye G-7’s weekend work

The handiwork of the world's top finance ministers and central bankers gets its first meaningful review as stock markets around the world are poised to reopen Monday after a week of record losses and bank failures.

October 12, 2008

Financial crisis reshapes world order

As shell-shocked central bankers and finance ministers gather in Washington to confront the world's financial meltdown this weekend, that grinding noise in the background is the sound of the global balance of power shifting.

October 12, 2008

Financial chiefs seek global unity

They'll be in the same room, but the world's finance ministers and central bankers will be under intense pressure to show they are on the same page this weekend in Washington as the financial crisis continues to claim victims and cause havoc around the globe.

October 10, 2008

Fed, central banks coordinate interest-rate cut

Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise coordinated bid to boost the international economy and reassure plunging stock and credit markets around the world.

October 9, 2008

World’s central banks coordinate rate cuts

Arguing that a global crisis demands a global response, the Federal Reserve and five other central banks slashed interest rates Wednesday morning in a surprise, coordinated bid to boost the international economy.

October 8, 2008

Bush, Fed pleas fail to sway markets

A presidential pep talk and a dramatic move by the Federal Reserve to boost business lending could not shore up sagging U.S. markets as the Dow Jones Industrial Average plunged more than 500 points Tuesday to a four-year low.

October 8, 2008

Kashkari to take onus of bailout

At Neel Kashkari's confirmation hearing in June, Senate banking committee Chairman Christopher J. Dodd stumbled over both the nominee's first and last name.

October 7, 2008