Monday, May 26, 2008

More economic issues

Energy fears looming, new survivalists prepare...

Number Of Unsold Houses Rise To 23-Year High: For single-family homes alone, the inventory rose to 10.7 months’ supply, the highest since 1985. For condos, the inventory of 14.2 months is the highest ever.

UN: Food costs hitting world's poor : Food import costs to the world's poorest nations are set to rise by 40 per cent in 2008 on the previous year, a report by the UN's Food and Agriculture Organisation (FAO) says.

Oil Rises Above $135 After Unexpected Drop in U.S. Inventories: Crude oil rose to a record above $135 a barrel in New York on concern that supplies are inadequate after U.S. stockpiles unexpectedly dropped last week.

Oil execs defend huge profits before Senate: The executives, whose companies reported $36 billion in profits during the first three months of the year, wanted to talk about tight supplies and growing global demand.

US Banking Crisis - Why Banks Are Not Lending

Alaska Drilling Would Only Save 75 Cents A Barrel!

Buffett Sees Long, Deep US Recession

Credit Crisis Hits US Small Businesses

'Safe' Investments Swallowed By Cash Purgatory

US Inflation Understated

Fuel Costs May Force 4-Day Work Week In Long Island -Vid

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