Oil Nears $117...
Saudis put oil capacity rise on hold...
POLL: Oil running out as prime energy source...
Food - The Ultimate Weapon Of The Ruling Elite
By William Bowles
Using food as a weapon is as old as the siege but today’s barbarians have upped the anté by several orders of magnitude. Continue
A new world order as US sinks : HERE'S a big lesson of the first international financial crisis of the 21st century: some old-fashioned economies are weathering the storm better than those that borrowed big to spur growth or those that bet heavily on debt-strapped American consumers.
Authorities lose patience with collapsing dollar: Jean-Claude Juncker, the EU's 'Mr Euro', has given the clearest warning to date that the world authorities may take action to halt the collapse of the dollar and undercut commodity speculation by hedge funds.
A blunt former Fed chairman takes on Bernanke. Take heed of what he says
California home prices fall 26 percent amid foreclosures : A glut of foreclosed homes helped prompt a 26 percent plunge in California home prices in March, highlighting a trend that experts said is likely to continue as low, introductory interest rates expire for people who bought near the height of the housing boom.
China passes US as second-biggest exporter: Global trade growth is expected to slow to a six-year low of 4.5 per cent this year but China has overtaken the US as the world's second-biggest exporter, the World Trade Organisation (WTO) said yesterday.
Great American Hypocrites: Glenn Greenwald on the Corporate Media’s Failures in the 2008 Race
US mortgage clock ticking, Dodd warns: Mr Dodd, the Connecticut Democrat who chairs the Senate banking committee, last month made an aggressive proposal to use public funds to guarantee the refinancing of up to $400bn (€250bn, £200bn) in mortgages at lower values through the Federal Housing Administration, the government-owned mortgage insurer.
Retailers Get Stingy With Data: In American retailing, less is suddenly more — at least when it comes to giving investors the sort of financial information they have long expected from companies.
A Man-Made Famine
By Raj Patel
For anyone who understands the current food crisis, it is hard to listen to the head of the World Bank, Robert Zoellick, without gagging. Continue
Bailout Bonanza
By Ralph Nader
Is there a larger, more exploited, defenseless group of undifferentiated Americans than the 133 million individual federal income taxpayers? Their dollars are used to subsidize organized corporate interests, giveaway taxpayer assets like minerals under the public lands, and bail out speculative, self-enriching corporations and their crooked bosses. Continue
Dollar Falls to Record Against Euro as EU Inflation Quickens : The currency had its biggest decline versus the euro in three weeks, weakening to $1.5979 as U.S. housing starts dropped more than twice as much as forecast to a 17-year low. The Canadian and Australian dollars and the Norwegian krone increased after crude oil touched a record $114.95 a barrel.
The Madness of Ben Bernanke: The dollar is in a tailspin, the trade deficit is growing and a recession is on the horizon. The American way of life is in serious danger. But the head of the Federal Reserve keeps on pumping easy credit into the system -- a crazy policy that will worsen the crisis.
Oil nears $115 a barrel: Gasoline and oil futures prices rocketed to new records Wednesday, propelled by concerns about how much gas will be available during the peak summer months. Crude futures approached US$115 for the first time.
March Housing Starts Down 36.5% Year-over-Year: New construction of U.S. houses plunged to the lowest level in 17 years in March, the Commerce Department estimated Wednesday. Starts fell 11.9% in March to a seasonally adjusted 947,000.
The Las Vegas Economic Downturn Has Started : The spillover effect from our national economic downturn has finally started to impact Las Vegas, and casino layoffs have officially begun
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