The Falling Pound Raises Fears of Nationalization

LONDON — An island nation that bulked up on debt and lived beyond its means. A plunging currency. And a financial system edging toward nationalization.

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Pool photo by Lewis Whyld
Prime Minister Gordon Brown planned another bailout.

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A Tumbling Currency

CNBC Video: Trichet Hints at Further Euro Rate Cut

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Toyota overtakes GM as biggest automaker

Japan’s Toyota Motor sold more cars and trucks last year than General Motors, stripping the Detroit automaker of the No. 1 global sales crown. But it’s a victory made hollow by the overall industry’s continued struggle for viability amid one of its worst sales declines ever.
GM said Wednesday it sold 8,355,947 cars and trucks around [...]