Several News from today's FT

FT Nov 13 2008
--------------
US drops plan to buy toxic assets
Money to be spent on recapitalisation scheme
---------------------------------
The US government yesterday abandoned（断念する） its plan to buy toxic(毒の）assets, saying the money would be better spent on an expanded recapitalisation programme and supporting markets that securitise consumer credit.

Anxiety(心配）rises as prices plummet（プラミット、真っ直ぐ落ちる）
----------------------------------------------------------------
Peter,a veteran businessman, took a punt (かける） on the rocketing Bud(つぼみ） property market a couple of years ago.
He bought two flats in the low cost International City development, a maze(迷路） of anonymous(無名の） buildings beside Dubai's ring road.
After selling and turning a tidy(かなりの） profit on both units, he banked one cheque but the other Dh300,000 bounced(跳ぶ）. My property broker has disappeared to Bahrain. I don't think he will be back in a hurry, he says.

Middle East investors eye falling markets in the west
-----------------------------------------------------
The Middle East's wealthiest private investors are seeking to take advantage of collaps-ing markets in the west by increasing their investments in depressed US and UK real estate markets, private bankers say.

Britain faces worst recession since 1990's
------------------------------------------
Britain faces its deepest recession since the early 1990's, the Bank of England forecast yesterday in its bleakest quarterly inflation report since 1993.
Mervyn King, the Bank's governor, gave the green light for the government to use tax cuts or public expenditure increases to help limit the recession , and the official forecasts indicated interest rates had some way further to fall.
Pound sank on the gloomy outlook, dropping 2.9% to a six year low of 1.4939 against the dollar.

Current UK unemployment rate :5.8%
Current number of unemployed in UK :1.82m
NIESR forecast unemployment rate for 2010 :6.6%