EU tariffs imposed on U.S. goods
WTO has authorized a whopping $4 billion in sanctions. Globalism never benefits domestic industry
and jobs, it only profits the transnational corporations.
Gasoline supplies shrink as prices rise
Prices zoom as gasoline wholesalers compete for supplies, giving a regional shortage national impact.
Prospect point up for the summer driving season.
Greenspan urges Social Security cuts
Fed head says the country can't afford the benefits currently promised to the baby boom generation.
Surprise, Surprise! Trim those benefits, save the System of Fraud . . .
IMF and World Bank are arrogant says ILO
International Labor Organization: "Seen through the eyes of the vast majority of men and women,
globalization has not met their simple and legitimate aspirations for decent jobs and a better future for their children."
NYSE seeks "a very substantial return" of Grasso's compensation
John Thain, vigorously defended the specialist system and current securities trading rules. Business
as usual remains as the buck is passed for blame.
Greenspan shows his elitist viewpoint
Fed proclaims "protectionist cures" being advanced to deal with the country's job insecurities
would make the situation worse. Who's the tool of the Corporate/State?
Enron Skilling indicted on 36 counts of fraud
"Jeff Skilling has nothing to hide. He didn't steal. He didn't lie. He didn't take anyone's money"
. . . and no one else lost any money, none ever existed!
NYSE traders agree to multimillion-dollar fines
"Specialist" agreed to pay a reported 240 million dollars to settle charges they shortchanged
investors. A rigged system still is not reformed.
AT&T wireless merger set, Ma Bell ends an era
The merger between the second and third largest U.S. wireless companies means that AT&T couldn't
cut it in a market with real competition.
The EU having problems with smaller members
Stability and Growth Pact breaks down. Germany and France won't abide by the deficit
limit of three percent or less of gross domestic product.
US Trade Deficit Soars; AGAIN
America's trade deficit ballooned to an all-time high in 2003, to $489.4 billion, 17.1
percent larger than the previous record, set in 2002.
Media conglomerates consolidation continues
A federal appeals court Wednesday voiced skepticism about some new federal
rules allowing the nation's biggest media companies to get even bigger. Now Mickey may be adopted!
Fed claims vigorous growth with risks
Greenspan said record federal budget deficits could create problems "in the relatively near term"
unless a convincing plan for ratcheting them down was put in place. Means more paper will be printed!
Days of the Almighty Dollar are Over
With lowering output quotas by 1 million barrels a day, OPEC turns to discussions
of dumping the Dollar for the EURO. Ready for the coming chaos.
Oil Ministers Ask OPEC to Curb Production
Busines as usual! OPEC members must show greater discipline and produce within their output quotas
for crude if they hope to forestall a sharp drop in oil prices when seasonal demand falls this spring.
Consumer confidence drops
Fed signal about a boost in rates and borrowing costs and lack of viable job creation,
dims prospects for the future.
Bank of England hikes interest rates
"Although sterling has appreciated, continued growth above trend means that inflationary pressures
are likely to pick up gradually over the next couple of years".
US regulators clear new Eurex derivatives exchange
The new market, to be operated by Eurex's US subsidiary, will be known as US Futures Exchange LLC,
or USFE, and will be launched Sunday. Just what we all need, another casino!
Federal Reserve has growth at 4%
"However, I wouldn't be surprised to see the economy grow at an even faster rate than the consensus
forecast," what do you expect, it's an election year.
Are we any safer with the increased military budget?
Bush budget has military spending going up seven percent next year, swelling the size of the
US defense budget for the fifth year in a row.
