http://money.cnn.com/2008/02/08/news/economy/g7_finance.ap/index.htm?postversion=2008020807
G-7 finance chiefs eye slowdownCentral bank chiefs of seven industrialized nations expected to tackle markets turmoil; unified move thought unlikely. // Uses both the shortcut for $(document).ready() // and the argument to write failsafe jQuery code // using the $ alias, without relying on the global alias. jQuery(function($) { // Your code using failsafe $ alias here... $('#rssIcon').click(function(){ $(this).toggleClass( 'selected' ); $('#rssMenu').slideToggle('fast'); return false; }); $('#closeRSS').click(function(){ $('#rssMenu').slideToggle('fast'); return false; }); }); function getDiggURL(){ var headline=document.title; var description=''; if(document.getElementsByTagName('h1')[0]) headline=document.getElementsByTagName('h1')[0].innerHTML; if(document.getElementsByTagName('h2')[0]) description=document.getElementsByTagName('h2')[0].innerHTML; diggURL='http:\/\/digg.com/submit?phase=2&url=http%3A\/\/money.cnn.com'+location.pathname+'&title='+escape(headline)+'&bodytext='+escape(description)+'&media=news&topic=business_finance'; window.open(diggURL); } window.onerror=function(){clickURL=document.location.href;return true;} if(!self.clickURL) clickURL=parent.location.href; EMAIL | PRINT | DIGG | RSS Subscribe to Economy feed://rss.cnn.com/rss/money_news_economy.rss Paste this link into your favorite RSS desktop reader See all CNNMoney.com RSS FEEDS (close) February 8 2008: 7:24 AM EST Video More video IMF forecasts global economic slowdown calling U.S. the biggest laggard. Play video cnnad_createAd("835312","http://ads.cnn.com/html.ng/site=cnn_money&cnn_money_position=220x200_ctr&cnn_money_rollup=business_news&cnn_money_section=jobs_and_economy&cnn_money_subsection=quigo¶ms.styles=fs","200","220"); ...................cut.................. But senior ministers from Japan and Britain threw cold water on hopes that Saturday's meeting will produce any sweeping policy agreements - such as a unified move to cut interest rates - to remedy market instability. "Economic conditions differ among the U.S., Europe and Japan," Japanese Finance Minister Fukushiro Nukaga told reporters Friday. "It is important ... that each country makes its own best efforts regarding how to restore and stabilize its economy." ......................cut................. But a unified cross-continental policy announcement - such as cutting interest rates together, as speculated among some traders - appears highly unlikely. ........................cut.................... Bank of England cuts key rate On Thursday, the Bank of England cut its rate a quarter point to 5.25%. Darling said the BOE had been able to cut interest rates because inflation in the U.K. remains closest to the government's target of 2%. "I remain very confident that the British economy will get through the current uncertain times," he said. The European Central Bank, which sets policy for the euro-zone, appears to be leaving the door open for a rate cut, but it is unlikely to take as drastic a move as the U.S. because of inflation concerns. The Bank of Japan is even less capable of action with its key rate at 0.5%. Until last year, Japan had been trying to figure out when to raise - not lower - interest rates. Send instant messages to your online friends http://uk.messenger.yahoo.com