Wednesday, February 20, 2008

More Dollar problems

OIL CLOSES ABOVE $100 -- FOR FIRST TIME...

Oil Profits and War: Just Coincidence?: Whenever the oil companies’ profits wane, an “energy conflict” emerges on cue to restore them to giddy heights:

UK: Northern Rock deal could cost us each £3,500: The cost of the Northern Rock crisis has reached the equivalent of £3,500 for every taxpayer as experts warned that the nationalisation rescue of the bank was bound to fail.

US banks borrow $50bn via new Fed facility: US banks have been quietly borrowing massive amounts of money from the Federal Reserve in recent weeks by using a new measure the Fed introduced two months ago to help ease the credit crunch.

Consumers may not be able to avoid cloned food: Groups are urging consumers to press their supermarkets and restaurants to refuse food from clones.

No Crisis For Rich As Banks Rake In Billions

Credit Suisse Plunges On $2.85B Loss


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