Monday, February 04, 2008

More Dollar problems

Bush's Budget: $3,000,000,000,000.00

Incase you missed it: Iran Oil Bourse to deal blow to dollar : Iran's Finance Minister Davoud Danesh-Jafari told reporters the bourse will be inaugurated during the anniversary of the Islamic Revolution (February 1-11) at the latest.

Exxon shatters profit records: Oil giant makes corporate history by booking $11.7 billion in quarterly profit; earns $1,300 a second in 2007.

Chevron 4th-Quarter Profit Rises on Record Oil Prices : Fourth-quarter revenue climbed 29 percent to $61.4 billion, Chevron said. Price gains more than made up for a 1.6 percent decline in oil and natural-gas production.

Shell Rakes in $8.5 Billion in Three Months: Royal Dutch Shell, the world's second-largest publicly traded oil company, today reported net income up 60 percent last quarter to a record $8.47 billion

Payrolls Drop for 1st Time Since 2003: Nervous employers cut 17,000 jobs in January -- the first such reduction in more than four years and a fresh sign that the economy is in danger of stalling.

Foreclosure bill rejected by one vote: Legislation aimed at slowing residential foreclosures in California failed by a single vote in the state Senate on Wednesday, after Republicans balked at requiring lenders to talk personally with borrowers before they start the default process.

U.S. loses its status as economic world power: The World Economic Forum has proved to be an uncanny barometer of global trends. Over the past decade, the United States has been lionized as world leader, economic giant and home of high-tech wizards such as Bill Gates.

Are You Rich Or Middle Class? - Feds Say Maybe Both

Cash-Strapped Banks To Fund Bond Insurers? (Right)

Fiat Currency And Insiders

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