Reconstruction Programs News Today

you are in the "cnn newsroom." im paula reid in washington. jim acosta is off. a major move today in an attempt to halt a global banking crisis. switzerlands largest banking group ubs just agreed to buy its rival credit suisse in an emergency rescue bid. the purchase is aimed at halting investor panic brought on by two sudden u.s. bank failures this month. the deal comes after shares of the ailing bank lost 25% over the last week. even an emergency loan from the swiss national bank fai...

. ♪. ♪. ♪. you were in the cnn newsroom paula read in washington, jim acosta is off. we begin with the latest emergency act aimed at a time global banking crisis, switzerland ubs is buying the rival credit suisse after the bank lost 25% of value the past week as major depositors fled in droves. even as an emergency loan from the swiss national bank failed to shore up confidence. that bank says the take-over of ubs should, quote, secure financial stability and protect the swis...

As destroyed schools hospitals roads need to be repaired or rebuilt. the united nations estimates that it will cost $250000000000.00 others say it will be closer to $400000000000.00 yet the syrian governments entire budget last year was less than $9000000000.00 damascus has launched its own reconstruction programs but so far it has yielded little not only that the vast majority of what money is available is spent in areas that supported the government while opposition strongholds have been left ...