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Morning briefing: World Bank offers $900 million aid to Pakistan

1. The World Bank pledged $900 million to aid Pakistan, which is facing a growing humanitarian disaster due to flooding.

2. The Bank of England's governor warned that the country may face inflation for longer than expected.

3. China's central bank said it would expand access for foreign investors to its domestic bond market. The move is part of its efforts to encourage the use of its currency, the yuan, for international transactions.

4. The Bank of Japan said it does not see any immediate threat in the rise of the yen.

By Ariana Eunjung Cha  |  August 17, 2010; 8:21 AM ET
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Next: Farmer Bernanke, dry fields, and other monetary policy metaphors


these paki's probably demand that 'labor' also come with the 900 don't expect muslims to put down their begging hands to actually do something physical for themselves do you?...oh wait..they will pick up some explosive to stuff into a belt to kill another muslim or innocent human being....they love allah so much then they should accept this is what allah wanted them to live with.

Posted by: Anonymous | August 17, 2010 11:03 AM | Report abuse

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