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Extra Credit Friday Edition

Market Movers

by Felix Salmon
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Four Billion   Ben Stein Watch: August 10, 2008

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Aug 08 2008 7:41pm EDT

Extra Credit, Friday Edition

Failure has a thousand fathers: "Earlier this summer people started to distrust Libor - partly because there were rumours that contributing banks were underreporting their borrowing costs in order not to appear in trouble. Serious, if true. But it can't be true, the BBA says - we know this because we asked the contributing banks and they all said they weren't doing it. I think comment would be superfluous at this point."

Lack of Seats, Galleys Delays Boeing, Airbus: Weirdly, this is because demand for new airplanes seems to be at an all-time high.

Ryanair CEO ponders next flight: He wants to buy Aer Lingus. Oh, and Stansted, too.

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