Dollar Falls,Greenspan Heart Attack Rumor
If the dollar tanks on this news, what will happen when the markets are hit with rising interest
rates?
Split in OPEC over production cut
Ministers split over whether to maintain a one-million-barrel per day production cut.
"As far as Saudi Arabia is concerned, (the) April 1 (cut) has been implemented", OPEC had committed itself in February to
remove 1.5 million bpd of excess production by the end of March, bringing the total agreed decrease to 2.5 million bpd.
Economists see 'booming economy'
Economists say the economy is improving quickly enough that businesses will no longer be able to
meet demand with their existing workforces. You know it's an election year!
Pension Relief Bill Negotiations Falter
The administration, in issuing its veto threat, nothing should be enacted that encouraged the
underfunding of plans and increased the potential financial exposure of the Pension Benefit Guaranty Corp.
House ready to pass a $2.41 Trillion Budget
Rejected was a proposal by conservative Republicans mapping sharper spending cuts. It's hopeless,
the GOP doesn't have a clue how to act as a majority.
Dollar surges vs. euro on ECB rate view
The U.S. dollar was sharply higher against its European rivals Wednesday amid growing speculation
for a European Central Bank interest-rate cut.
Medicare to Go Broke by 2019
Medicare will begin dipping into its trust fund this year and will go broke by 2019. Adding prescription
drug program, sure makes sense!
Markets tumble after Palestinian assassination
Financial exchanges are fragile and political instability is sensed in the prices. The future is
projected with each significant event.
Embattled Shell announces new shortfall in oil reserves
Announcement of a further shortfall of its oil and gas reserves takes a toll
on the stock. Speculation has grown that the group could overhaul its management structure, rooted in two countries.
EU to sanction Microsoft Corp
After balking at demands from adding new features to future versions of Windows, EU
issued an order that could force Microsoft to make costly changes in its software — potentially on a global scale.
World Bank President paint balled by anti-globalization protestors
17 mar 04 @ 11:57 am
Unions Press for Sanctions Against China
Unfair trade practices that have led to a record $124 billion U.S. trade deficit with China. Union
complaint marks the first time that Section 301 has been used to challenge another country's worker rights practices.
U.S. Gasoline Prices Hit a Record High
A record high nationwide average of $1.77 a gallon, jumped by nearly 26 cents so far this year,
no sign of stopping.
"No outsourcing" latest twist on the "made in the USA"
U.S. employers will move about 3.3 million white-collar jobs and $136 billion in wages abroad, according
to Forrester Research. That's up from $4 billion in wages in 2000.
France and Germany deficits going up
France and Germany could fail to bring their spiralling public deficits back within EU limits
because of overoptimistic growth forecasts and lack of budget restraint.
Argentina avoided default on its IMF debt
Argentina suspended payments on its bonds didn't prevent IMF from forcing new demands for new
credit. Bankers still control the credit markets.
Bank America and Fleet merger reduces competition
The Fed approves banking titan with nearly $1 trillion in assets. Before the dust
settles, only one Big Brother Bank will be left.
Central banks limit gold sales to 2,500 tonnes over five years
Fifteen European central banks meeting at the Bank for International Settlements said that they had
agreed to restrict their gold sales - up from previous agreement.
Martha Stewart found guilty on all charges
If going after Martha is the standard for justice, when will office holders and politicians be bought
before a jury?
IMF Chief Quits for Presidential Bid
Horst Koehler becomes a candidate for the presidency of Germany. What a demotion! "I
fully expected to stay at the IMF and continue working on our unfinished agenda."
Beige Book sees slow jobs growth
Jobs have trailed far behind the rest of the economy, which expanded at a 4.1 percent annual pace
in the last quarter of 2003.
WorldCom chief to take the heat, jail soon to come
Bernard Ebbers was indicted on federal charges in the multibillion-dollar accounting
scandal. Time to build more prisons to house the rest of the crew.
NYS attorney general will sue Dick Grasso
The suit would accuse Grasso and the NYSE board members who approved the lavish pay package of failing
in their fiscal responsibilities under state nonprofit organization law.
