Albufeira perde 40 mil hóspedes e Lisboa estagna. Gaia é a surpresa do semestre

[acintra]

Hope grows for passage as lawmakers vote on historic $700 billion bailout.

NEW YORK (CNNMoney.com) -- The House on Friday started voting on a sweeping and historic proposal to bail out the nation's financial system. Key congressional leaders said they were optimistic that the bill would pass.

House Democratic leaders had said they would only bring the Senate-passed financial rescue bill to the floor for approval if they thought they had the votes to pass it.

Indeed, many observers said it looked as if the bill might pass - four days after the House rejected a similar measure. (What's in the bill.)

"As of last night the votes appeared to be there," said Jaret Seiberg, financial services analyst at the Stanford Group, a policy research firm in Washington, D.C., in a research note. But, he added, the margin "is close enough to worry supporters of the legislation."

House Republican Majority Leader John Boehner, R-Ohio, told reporters on Friday morning that while he's not taking anything for granted, "I'm optimistic about today."

House Minority Whip Roy Blunt, R-Mo., told reporters that three things have happened to change some Republican members' opposition to the bill since the House defeated the measure on Monday: more calls to district offices in support of the bill, a clarification of SEC accounting rules regarding mark-to-market accounting and the additions the Senate made to the bill, including a number of tax break extenders and an increase in FDIC deposit insurance coverage.

Two-thirds of House Republicans voted against the Bush administration's proposal Monday, and since then the administration has been engaged in a full-court press - as recently as Friday morning.

President Bush, Vice President Dick Cheney and White House Chief of Staff Joshua Bolten were making calls to sway House Republicans, a White House aide told CNN. "You name it - all top-level people" are working the phones, according to the aide. Treasury Secretary Henry Paulson and Federal Reserve Chairman Ben Bernanke were ready to make calls if necessary, the aide added.

Republicans who said they would switch their votes from "no" to "yes" include Rep. Howard Cobble, R-N.C., and Rep. Sue Myrick, R-N.C.

In a statement, Myrick said, "We're on the cusp of a complete catastrophic credit meltdown. There is no liquidity in the market. We are out of time. Either you believe that fact, or you don't. I do."

Democrats who said they would switch their votes include Rep. John Lewis, D-Ga., Rep. Elijah Cummings, D-Md., and Rep. Donna Edwards, D-Md.

Cummings noted this was the most difficult vote for him in his 12 years in Congress. "But today we must step up and lead."

Earlier this week, Cummings and Edwards were part of a group that had been working on an alternate proposal. The lawmakers had lobbied strongly but unsuccessfully to include, among other things, a change to the bankruptcy law that would let judges modify mortgages on primary residences, a move the lending industry has strongly opposed.

Cummings and Edwards said they had received calls from Democratic presidential nominee Barack Obama encouraging them to change their minds and received assurances that he was committed to the bankruptcy provision.

On Thursday, House Speaker Nancy Pelosi, D-Calif., said that while many lawmakers would like to offer further amendments, "I don't think any changes here will do what we need to do now, which is send a message of confidence to the markets that Congress will act."

A decision by the House to amend the bill would delay enactment of the proposal because the Senate, which passed a bill late Wednesday night, would have to go back and vote again.

If House leaders at any point think they don't have the votes for passage, they could pull the bill from the floor rather than vote on it, Seiberg said.

Economy in need of a fix
The House debate began on the heels of two market-moving events: a worse-than-expected monthly jobs number; and a surprise merger announcement between Wachovia and Wells Fargo.

The legislation, which would allow the Treasury Secretary to purchase as much as $700 billion in troubled assets in a bid to kick-start lending, would usher in one of the most far-reaching interventions in the economy since the Great Depression.

For the past two weeks, lending between banks and between banks and businesses has gotten considerably more expensive. Small businesses are having trouble getting loans. On Friday morning, one key measure showed that banks were hoarding cash rather than loaning it. Meanwhile, an indicator showing how willing banks are to lend each other hit an all-time high.

Advocates say the plan is crucial to government efforts to attack a credit crisis that threatens the economy and would free up banks to lend more. Opponents say it rewards bad decisions by Wall Street, puts taxpayers at risk and fails to address the real economic problems facing Americans.

Lawmakers who plan to vote against the bill on Friday warned that "being stampeded" into voting the bill through would be a serious mistake.

"Wall Street is so hungry for the $700 billion they can taste it. To get it they need to ... create panic, block alternatives and herd the cattle. We ask Congress not to rush. Defeating this bill today isn't the last step. It's the first step in passing a good bill," said Rep. Brad Sherman, D-Calif.

Lawmakers who stood in support of the bill noted that passage is needed to help Main Street, not Wall Street. "We [would] rescue the jobs, the savings and the ability to get a loan for each hard-working American," said Rep. Louise Slaughter, D-N.Y.

[Flying Turtle]

O voto é de 15 minutos e começou agora

FT

[Enslaved]

Mercados : A Bloomberg TV esta a dar em directo a discussão e votação do plano do FED na Câmara de Representantes dos EUA. In Best

[mguarino]

O debate começou há relativamente pouco tempo...

CNN Live http://edition.cnn.com/video/live/live. ... am=stream1

[president]

Vejam live aqui:

http://edition.cnn.com/video/live/live.html?stream=stream3

[SMarq]

Boa tarde.

Pelo que consigo perceber pelo que está a ser transmitido pela Bloomberg, a votação ainda não foi. Ainda estão na fase da argumentação devendo a votação ser de seguida.
Cumps.

A votação vai ser feita a qualquer momento, nada ainda esta decidido,...

[president]

Ainda ninguem aprovou nada...

Hope grows in House
Lawmakers debate historic $700 billion bailout. Vote expected soon.

By Jeanne Sahadi, CNNMoney.com senior writer
Last Updated: October 3, 2008: 12:10 PM ET

são 13h east nos US.

Fonte: http://money.cnn.com/2008/10/03/news/economy/house_friday_bailout/index.htm?postversion=2008100312

[clevver]

O banco best enviou me isto:

A Casa dos Representantes do Congresso dos EUA aprovou hoje o plano para salvar o sector Financeiro norte-americano, com 223 votos a favor e 205 contra.

A votação teve lugar às 15h45 de Lisboa (10h45 hora de Washington), tendo votado a favor 203 representantes do Partido Democrata e 20 do Partido Republicano, enquanto que votaram contra 29 democratas e 176 republicanos. Cinco representantes abstiveram-se.

Na segunda-feira passada, a Casa dos Representantes havia rejeitado uma versão mais limitada deste plano com 228 votos contra, sendo que na ocasião 95 representantes democratas e 133 republicanos votaram desfavoravelmente ao projecto.

O plano hoje aprovado foi votado na quarta-feira pelo Senado, tendo sido alterado em relação à proposta originalmente votada com o acréscimo de um pacote de benefícios fiscais no valor de 149 mil milhões de dólares, bem como o aumento da garantia federal dos depósitos bancários de 100 000 para 250 000 dólares.

[cheeseman]

Boa tarde.

Pelo que consigo perceber pelo que está a ser transmitido pela Bloomberg, a votação ainda não foi. Ainda estão na fase da argumentação devendo a votação ser de seguida.
Cumps.

[jlmframos]

U.S. House Clears Way to Pass New $700 Billion Plan (Update1)

By Laura Litvan and Brian Faler

Oct. 3 (Bloomberg) -- The U.S. House of Representatives cleared the way to complete action on a Senate-passed $700 billion financial-market rescue package that was refashioned to entice enough votes for passage.

By a vote of 223-205, the House prevented members from offering amendments that could snarl the proceedings. The tally signaled the plan has enough support to clear Congress and be sent to President George W. Bush to be signed into law.

At least 12 House members said they will drop their opposition to the plan and support it. The measure failed by a dozen votes earlier this week. The House roll call was scheduled for early this afternoon.

``Today we have a second chance,'' said Representative David Dreier, a California Republican. ``The federal government must now do its part to undo the damage.''

The Bush administration issued a statement today saying it ``strongly supports and urges swift House passage'' of the bill.

The legislation lets the government buy troubled assets from financial institutions rocked by record home foreclosures. It contains provisions favored by House Republicans, including $149 billion in tax breaks, a higher limit on federal bank-deposit insurance and changes in securities law.

It also restates securities regulators' authority to suspend asset-valuing rules that corporate executives blame for fueling the crisis. The Senate approved the bill Wednesday 74-25.

Sweetening the Pot

The add-ons may help sway lawmakers such as Jim Gerlach, as did phone calls from his suburban Philadelphia constituents. Many of his supporters shifted to backing the bailout following the record 778-point drop in the Dow Jones Industrial Average after the House's 228-205 defeat of the bill.

The Dow rose 206.37 points, or 2 percent, to 10,689.22 at 10:53 a.m. in New York.

Among those abandoning their opposition were Democrats Shelley Berkley of Nevada and Gabrielle Giffords of Arizona and Republicans Ileana Ros-Lehtinen of Florida, John Shadegg of Arizona and Jim Ramstad of Minnesota. At least three other Republicans, Gerlach and Tim Murphy of Pennsylvania and Patrick Tiberi of Ohio, and Democrat Bill Pascrell of New Jersey, may vote yes on the measure.

Signaling Confidence

House Majority Leader Steny Hoyer and the Republican leadership signaled their confidence in advance that the measure would pass.

``There is a broad feeling that the economy is at risk and that average Americans will be badly hurt if the economy continues to go downhill, and that action is necessary,'' Hoyer said.

Minority Leader John Boehner had said the plan wouldn't come up for a vote until leaders were assured of passage and today predicted approval. Republicans cited the economy as the main reason they were switching.

Shadegg said on Bloomberg Television that he would support the measure, citing a ``breakdown'' in credit markets that makes it difficult for small businesses to pay employees. Ros-Lehtinen said in a statement she would back the bailout because it boosts Federal Deposit Insurance Corp. limits and adds tax breaks for families.

Company Support

Companies are also pushing Congress to pass the measure, saying the curtailment of credit may result in job cuts.

Automakers said tougher loan standards partly accounted for a 27 percent plunge in U.S. auto sales last month.

The market for commercial paper, short-term borrowing by businesses, suffered the biggest one-week drop on record, the Federal Reserve said yesterday. The amount of commercial paper outstanding fell by $94.9 billion, or 5.6 percent, during the week ended Oct. 1.

Yet the addition of the tax cuts and special breaks for companies such as an Oregon-based maker of wooden arrows and Virgin Islands rum-makers may turn off some deficit-wary Democrats.

Representative Mike Ross, an Arkansas Democrat who supported the original bailout bill, said he didn't know how the so-called Blue Dog coalition of fiscally conservative Democrats would vote on the version with the Senate's add-ons.

``I don't even know what I'll do,'' Ross said.

The extra spending on federal projects is also repelling some Republicans.

Still Opposed

Representative Spencer Bachus, an Alabama Republican who supported the earlier bailout plan, called the Senate version ``a travesty,'' saying in an interview that he is ``strongly considering'' voting against it.

As the House prepared to approve the rescue plan, the rate banks charge each other to borrow dollars overnight dropped to 1.996 percent after soaring to 6.875 percent on Sept. 30, the day after the House vote rejecting the earlier bailout proposal.

The London interbank offered rate for three-month loans in dollars, however, rose to 4.33 percent, the highest since January. The Libor rate for three-month euro loans rose to a record 5.33 percent.

The Labor Department reported today that the U.S. lost 159,000 jobs in September, the biggest monthly drop since March 2003. For the second straight month, the unemployment rate was 6.1 percent -- the highest level since September 2003.

Yesterday, the department said 497,000 people filed first- time applications for jobless benefits during the week ended Sept. 27, the highest level in seven years.

To contact the reporters on this story: Laura Litvan in Washington at llitvan@bloomberg.net; Brian Faler in Washington at faler@bloomberg.net.

Last Updated: October 3, 2008 10:56 EDT

[Bocciardi]

Sim tb vi isso:

http://www.bloomberg.com/apps/news?pid= ... refer=home

[FHSMONTEIRO]

Na bloomberg apenas dizem que 12 dos que votaram não, vao agora votar sim!

[Enslaved]

Congresso aprova plano de salvamento do sector Financeiro
A Casa dos Representantes do Congresso dos EUA aprovou hoje o plano para salvar o sector Financeiro norte-americano, com 223 votos a favor e 205 contra.



http://diarioeconomico.sapo.pt/edicion/ ... 71897.html

Já votaram ???

[asgardd]

Esta situação do bailout será para resolver, remediar ou adiar piores tempos?
Não fará disparar a inflação dos EUA e a desvalorização da moeda a longo prazo?

Isso depois logo se vê , agora o que interessa é aprovarem isso

[jomaso]

Esta situação do bailout será para resolver, remediar ou adiar piores tempos?
Não fará disparar a inflação dos EUA e a desvalorização da moeda a longo prazo?

[lutav]

Efectivamente a Sra. Nancy Pelosi , já agendou a votação......

correspondente bloomberg diz que tudo pode acontecer... reuniao ser hoje ou para a semana... onde está CONFIRMADA OFICIALMENTE a votaçã0?

[soso]

Efectivamente a Sra. Nancy Pelosi , já agendou a votação......

[Elias]

Nunca iriam deixar que se chegasse a um consenso tão depressa, se fosse para chumbar

A democracia no seu melhor.

O congresso é livre para votar, desde que aprove o plano

[tiagopt2]

Ouvi agora na Bloomberg que a votação será efecutada às 12:30 (Hora dos states) Portanto às nossas 17:30..

Bons negócios

Se isso se confirmar, é porque o plano vai ser aprovado. Nunca iriam deixar que se chegasse a um consenso tão depressa, se fosse para chumbar

[Elias]

consenso significa metade e mais um aprovarem o plano?

[lutav]

O que significa que há acordo?????.

SP sobe 2%....

eu sei lá... vou @ Bloomberg online!

[mquinaz]

O que significa que há acordo?????.

[- GOE -]

Ouvi agora na Bloomberg que a votação será efecutada às 12:30 (Hora dos states) Portanto às nossas 17:30..

Bons negócios

[Conquistador]

Então pode não ser hoje certo?

[soso]

Aquilo que depreendi, foi que os congressistas têem uma ligeira margem para pequenas alteração ao plano, e que só é proposta a votação quando, efectivamente, houver consenso .
Votar e depois logo se vê o resultado, está fora de questão .
Cumprimentos.