Wednesday, May 28, 2008

More Dollar problems

Housing Bailout Bill Creates National Fingerprint Registry

By Declan McCullagh

Buried in the text of the revised legislation, approved by the Senate Banking Committee by a 19-2 vote this week, is a plan to create a new national fingerprint registry. Continue

Germany in call for ban on oil speculation: German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds.

Time to do something about oil: The oil price rise of more than US$50 per barrel since the US Federal Reserve started cutting interest rates in September is beginning to get serious. Since the rise of oil import prices alone removes $170 billion from the US economy, more than 1% of gross domestic product, it is both inflationary and highly recession-producing, especially since it has been accompanied by similar rises in other commodity prices. Its full effects have not been seen yet but they're coming - don't worry!

Home prices tumbled in first quarter: Decline of 14.1 percent was largest in two decades

Fuel suppliers demand airlines pay cash in advance: Airlines are being forced to pay cash in advance for jet fuel as the major oil companies tighten the screws on an industry that is being crushed by an extraordinary surge in the price of crude oil.

US Home Prices Fall Record 14.1% In 1st Q

US Housing Drops Further - Down 14.4% In March

Germany Joins Call For Oil Speculators BAN

UK House Prices Fall - Buyers /Go On Strike'

George Soros - Rocketing Oil Is A Bubble

EU Trade War With US Looms Over Biofuel

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