Wednesday, May 07, 2008

More economic issues

$200 OIL PREDICTION ROCKS MARKET...

Barrel hits $123...

NEW RECORD HIGH...

Frustrated drivers try to sell their gas-guzzlers...


Mortgage crisis 'threat to economy' : Ben Bernanke, chairman of the US central bank, has said that the rising cases of late mortgage payments and home foreclosures pose considerable dangers to the US economy.

Government would take control of refinanced loans under Democrats' housing bills: The House of Representatives will take up legislation Wednesday that would broadly address the nation's housing crisis and could have the government assume control of up to $300 billion in refinanced home loans to be given to distressed homeowners.


US Housing Woes Deepen

Fannie Registers Bigger Loss Than Expected

UBS To Cut 5,500 Jobs After $11 Billion Loss

Has Europe Declared War On The Dollar?

Oil Hits $121 As Goldman Warns Of $200 peak

UK Repossessions Set For Dramatic Rise

Buffett Backs Fed Over Bear Stearns

Anger As Diesel Hits $11.30 On Scottish Island


Central Banks Pump $82B More Into Banking System


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