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In this file photo dated Sept. 13, 1999, U.S. Economist and New York Times columnist Paul Krugman is seen during a press conference in Stockholm. Krugman won the Nobel economics prize on Monday, Oct. 13, 2008 for his analysis of trade patterns and location of economic activity. Krugman, born in 1953, and a professor at Princeton University in New Jersey and a frequent contributor to The New York Times, formulated a new theory to answer questions about free trade, the Royal Swedish Academy of Sciences said. (AP Photo/Scanpix, Fredrik Sandberg, File)AP - Princeton economist and New York Times columnist Paul Krugman won the Nobel economics prize on Monday for his analysis of how economies of scale can affect trade patterns and the location of economic activity.


The main trading floor of the New York Stock Exchange is seen after the end of the trading session in New York October 9, 2008. (Mike Segar/Reuters)Reuters - Stock index futures soared on Monday as a push by governments around the world to pump money into the clogged banking system sparked relief among investors and credit markets showed signs of loosening up.


U.S. Treasury Secretary Henry Paulson speaks at a news conference after the G7 Ministerial meeting in Washington October 10, 2008. The world's rich nations vowed on Friday to take all necessary steps to unfreeze credit markets and ensure banks can raise money but they offered no collective course of action to avert a deep global recession. (Yuri Gripas/Reuters)AP - With the world's financial markets on a stomach-churning ride, the Bush administration is scrambling to get a $700 billion rescue effort for the U.S. banking system up and running. And Europe's central banks began to take unified actions Monday aimed at easing the credit crisis.


Cast member Jamie Lee Curtis (R), holding Chihuahuas Angel, and comedian George Lopez holding Rusco, pose at the world premiere of 'Beverly Hills Chihuahua' at El Capitan theatre in Hollywood, California September 18, 2008. (Mario Anzuoni/Reuters)AP - An adorable talking dog remained just the sort of escapist movie hero audiences wanted after a week of awful economic news. Disney's family comedy "Beverly Hills Chihuahua," with Drew Barrymore providing the voice of the pooch, was the No. 1 flick for the second-straight weekend with $17.5 million, raising its 10-day total to $52.5 million, according to studio estimates Sunday.


Commander of NATO-led International Security Assistance Force (ISAF) in Afghanistan, U.S. General David McKiernan is seen on a view finder of a video camera during a news conference in Kabul October 12, 2008. (Ahmad Masood/Reuters)Reuters - Afghan and international troops killed 14 Taliban militants and eight civilians were killed in a series of attacks, provincial authorities and the U.S. military said Monday.