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Once again the Fed and global central banks have come to the rescue in a coordinated act to shore up confidence in the global banking system.
FORBES: S&P Bank Downgrades No Match for Bernanke's Bazooka
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Today, hundreds of floats deployed under the Global Ocean Observing System (GOOS), coordinated by UNESCO and largely supported by the Japan Meteorological Agency (JMA) and Japan Agency for Marine-Earth Science and Technology (JAMSTEC), are used to measure ocean temperature, salinity and tsunami risk.
UNESCO: OFFICE IN DAKAR
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The dollar auctions on Wednesday were the ECB's first since joining the Federal Reserve and other major central banks on Nov. 30 to provide cheap, emergency U.S. dollar loans to banks in Europe and elsewhere, in a coordinated effort to ease strains in the global financial system stemming from the European debt crisis.
WSJ: EU Banks Seek Dollars From ECB