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Economy Articles

[03/14/2006] Arab central banks move assets out of dollar
Middle Eastern anger over the decision by the US to block a Dubai company from buying five of its ports hit the dollar yesterday as a number of central banks said they were considering switching reserves into euros. » More

[03/13/2006] Reuters: Legislators Worried About \'Wal-Mart Bank\'
Reuters reports Friday that a group of about 30 U.S. lawmakers has voiced concerns to the Federal Deposit Insurance Corp. about a possible \"Wal-Mart bank\" in Utah. » More

[03/10/2006] Giant trade gap: no end in sight
America\'s trade deficit has been setting records with such frequency that it seems almost tiresome to hear it again: Another month, another $68.5 billion. » More

[02/21/2006] BIS Calls For Global Currency
The scandal-ridden and highly secretive Bank For International Settlements, considered to be the world\'s top central banking policy, has released a policy paper that calls for the end of national currencies in favor of a global model of currency formats. » More

[12/02/2005] U.S. to Release New $10 Bills on March 2
The trees won\'t be the only thing sprouting new colors come springtime. Americans\' wallets will have more red, yellow and orange as the first of 800 million redesigned $10 bills start showing up in cash registers and ATM machines on March 2. » More

[11/21/2005] Slashing the Budget?
Only in Washington DC can a spending increase be called a spending cut-- but that’s exactly what happened last week. Congress passed a budget bill that merely slows the rate at which some federal spending grows by a tiny percentage, and both parties acted as though a revolution had taken place. » More

[11/10/2005] Trade gap soars to record
The U.S. trade deficit soared to record levels in September, according to a government report, as higher oil prices, rising gasoline imports and a fall in exports caused the gap to widen far more than forecasts. » More

[10/24/2005] Bush Picks Bernanke As New Fed Chairman
President Bush on Monday selected Ben Bernanke, chairman of the president\'s Council of Economic Advisers, to replace Alan Greenspan as Fed chairman, according to an administration official. » More

[10/20/2005] Overdue Library Books Can Hurt Your Credit
Things that ruin your credit: paying bills late, skipping credit card payments, and not returning a library book. » More

[10/14/2005] Consumer Prices Rise Sharply
The Labor Department also reported that the widely followed consumer price index for all urban consumers, rose 1.2 percent last month and 4.7 percent in the 12 months that ended in September. That was the biggest monthly rise since March, 1980, and the biggest 12-month increase since May, 1991. » More

[08/14/2005] U.S. Economy: Trade Deficit Swelled to $58.8 Billion in June
Americans imported record amounts of crude oil and Chinese-made goods in June as the U.S. economy began to accelerate, propelling the nation\'s trade deficit to a wider- than-expected $58.8 billion. » More

[08/14/2005] Poll: Many Fear Financial Hit of Gas Prices
With gas prices soaring, almost two-thirds of those surveyed for an AP-AOL poll expect fuel costs will cause them financial hardship in coming months. That was sharply higher than in April, when about half felt that way. » More

[08/14/2005] Oil charges to $66 on capacity worries
Oil prices raced to record highs above $66 a barrel on Friday as investors fretted over the world\'s strained capacity to refine and pump crude oil. » More

[08/14/2005] Terror fears drive oil prices to new high
Comment: Now the terrorists are helping out the oil suppliers by forcing prices up. Boy, those dirty terrorists! We better give up all of our rights.... » More

[08/14/2005] Forecast: $70 per barrel
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[08/14/2005] UK petrol prices hit new record
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[08/03/2005] Oil prices break yet more records
US light, sweet crude climbed 58 cents to $62.47, while Brent crude rose 55 cents a barrel to $61.25, before both benchmark prices dropped back slightly. » More

[07/31/2005] 9,000 Jobs To Be Cut As Unicredito And HVB Merge
Unicredito is planning to take over Germany\'s HVB Group, and cut 9,000 jobs while doing so. The two banks would would see a 50% increase in operating income over three years if this happens. » More




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