Wednesday, May 21, 2008

More economic issues


House passes bill to sue OPEC over prices...

The Old Titans All Collapsed. Is the U.S. Next?

By Kevin Phillips

The United States of 2008 is the world's leading debtor, has by far the largest current-account deficit and is the leading importer, at great expense, of both manufactured goods and oil. The potential damage if the world soon undergoes the greatest financial crisis since the 1930s is incalculable. The loss of global economic leadership that overtook Britain and Holland seems to be looming on our own horizon. Continue

Wolfowitz takes helm of US-Taiwan Business Council: He was forced to resign the top World Bank job last June after an internal probe found he violated rules by arranging a lucrative pay-and-promotion package for his girlfriend, a bank employee.

As homes foreclose in U.S., squatters move in: - They enter through a broken first-floor window each night to sleep on a moldy bed in the abandoned four-family house at 827 Main Street, part of a new generation of squatters emboldened by America's housing foreclosure crisis.

Pawn shops busy during hard economic time: Lean economic times mean a steady stream of customers for some businesses. Pawn shops are seeing more and more people who need cash and are willing to part with cherished items to get it.

House passes bill to sue OPEC over oil prices: The House of Representatives overwhelmingly approved legislation on Tuesday allowing the Justice Department to sue OPEC members for limiting oil supplies and working together to set crude prices, but the White House threatened to veto the measure.

Iraq May Have World's LARGEST Oil Reserves (Bush Knew)

Bank Of Japan Strikes Pessimistic Note

Oil Crisis Stagflation Spiral Special

American Financial Armageddon

BoE Warns The 'Nice Decade Is Behind Us'

ECB Warns Of 'Very Significant Market Correction'

UK Debt Advice Centers Business Up 500%

Higher '09 Mortgage Rates = Housing Recovery DOA

Oil Sets Record Near $128 - Pump Prices Soar

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