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The Shrinking Influence of the US Federal Reserve
By Gabor Steingart in Washington
Humiliation for Mr. Dollar: Ben Bernanke, the chairman of the United States Federal Reserve Bank, faces a general investigation by the International Monetary Fund. Just one more example of the Fed losing its power. Continue
Lawmakers Cash In As Lobbyists
By Jim Hightower
Old Congress critters never die; they just flitter away to K Street. - Take Dennis Hastert. Actually, he’s already taken. The longtime Republican lawmaker retired last November, but rather than return to Illinois, he has alighted just a few blocks from the Capital at the blue-chip lobbying firm of Dickstein Shapiro. The firm lured Hastert with more than half a million bucks in annual pay. Continue
More oil will not bring price down-Saudi king: Oil prices would not ease even if production were raised because speculation and taxes are behind the soaring market, Saudi Arabia's King Abdullah was quoted as saying in a Kuwaiti newspaper on Tuesday.
Financial Telegraph predicts complete meltdown of US banking system: All Belgian newspapers opened yesterday with disaster headlines, giving wide coverage to the free fall of the bank insurer's stock. ’Fortis crashes,' 'Disaster day for Fortis,’ and ’Fortis loses 5.3 billion,' reported three leading newspapers on their respective front pages.
Gold getting ready for another big move: Jim Sinclair became fabulously wealthy when he called the great gold bull in the late 1970's, selling out at the top. He's the dean of the gold bugs, and gives his advice away for FREE at his web site. He posted a bulletin today where he thinks the gold is getting ready for its assault on $1600.
US Stock Market Posts Worst Monthly Decline since 1930s: Analysts say record oil prices and continuing fears about the U.S. economy have helped push the Dow Jones Industrial Average to its worst month since the Great Depression of the 1930s. VOA's Mil Arcega reports.
Stocks tumble as risk aversion grips markets: Tumbling European and U.S. banking shares soured equity markets on Tuesday as the second half of 2008 started with a heavy aversion to risk spurred by surging oil and inflation fears.
Ford June U.S. sales drop 28.1%: Ford Motor Co. (F: News, Chart, Quote ), the third largest U.S. automaker, said Tuesday that its June U.S. vehicle sales dropped 28.1% from a year ago, hurt by sharp decline in sales of trucks and sport utility vehicles amid higher gasoline prices and the ongoing slump in consumer confidence.
Utah company puts operations on hold due to food and fuel prices: For what it takes to produce a turkey right now, it will cost the growers 15 percent more than their break-even point. And with millions of turkeys produced here every year, it would mean losses in the millions of dollars.
FL Adds To States Suing Countrywide
Petrofraud And The New Depression
Rothshilds' IMF To Audit The US Financial System
Dow Ends Worst First Half Since 1970
The Dow-Crash, The Dollar, Gold, And WAR
Bank Implode-O-Meter - End Game Of Modern Banking
UK Savings Rate Sinks To 49 Year Low
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