Biggest oil price drop in 17 years

Warning!!! GLOBAL INFLATION threatened ....   " Oil prices plummeted by the second-largest margin on record Tuesday as investors feared a further decline in U.S. demand after hearing comments from Federal...

Gotta have cash !

" I always enjoy reading stories that stress about the importance of having an emergency fund. Here's one from Vanguard."With so much publicity about saving for long-term financial objectives—such as retirement, purchasing a home, or investing for a child's...

US spells out Fannie-Freddie backstop plan

How is that the government can extend unlimited credit to prop up financial institutions but can't extend enough credit to keep people in their homes. Given the role predatory lending played in creating the current...

Tigers Vanish in Nepal

"Officials are alarmed by a plunging tiger population in the Suklaphanta Wildlife Reserve in Nepal, a refuge that once boasted among the highest densities of this endangered species in the Eastern Himalayas. There...

Everett sorry for calling troops wimps

" ACTOR Rupert Everett has apologised for calling British soldiers "wimps" and suggesting they joined the army to torture prisoners.The 49-year-old yesterday issued a lengthy statement apologising "without reserve" to the "many in this country, and hundreds and thousands of...

Business Interest Forces Mayawati-Mulayam to Over Rule Political Compulsions

"Lucknow (ABC Live): The cat has came out of bag on all of sudden meet between Uttar Pradesh Chief Minister Ms Mayawati and SP leader Mulayam Singh Yadav When UP government has withdrew its earlier Letter to take stern against Sahara India Financial Corporation Limited "

Lost Scuba Divers Survive Deadly Dragon, Currents on Remote Island

" All five Europeans who vanished while scuba diving in treacherous waters off eastern Indonesia were found alive Saturday on a remote island, police and family members said.The divers — three from Britain and one...

US issues threat to Iraq's $50bn foreign reserves in military deal

"By Patrick Cockburn–The Independent, Friday, 6 June 2008–The US is holding hostage some $50bn (£25bn) of Iraq's money in the Federal Reserve Bank of New York to pressure the Iraqi government into signing an...

The Golden Collapse

Here's an article from Reason Magazine written by Matt Welch. It's about what happened after the tech crash that happened at the turn of the millenium."Despite the considerable hit that the wave of tech publication closures had on the pocketbooks of freelancers like me, it...

The Gas Prices We Deserve

Here's a great column from George Will. "Rising in the Senate on May 13, Chuck Schumer, the New York Democrat, explained: "I rise to discuss rising energy prices." The president was heading to Saudi Arabia to seek an increase in its oil production, and Schumer's gorge was...

U.S. House and Senate Reject Bush's Oil Policy

The U.S. House of Representatives and Senate voted today to stop increasing America's oil reserves. The decision breaks from the prevailing wisdom, advocated by  President Bush, that U.S. oil reserves should be...

3 pandas missing from reserve after China quake

China's massive earthquake has badly affected world's most famous panda reserve and its five staff has been killed , 3 pandas are missing but other 60 giant pandas are safe. " Three giant pandas are missing from the world's most famous panda reserve after the...

Fed Chairman …’traditional’ approaches to foreclosure crisis may not be...

"Ben Bernanke, chairman of the Federal Reserve, said "Realistic public- and private-sector policies must take into account the fact that traditional foreclosure avoidance strategies may not always work well in the current environment." "

India’s first marine reserve in Lakshadweep soon

Lakshadweep, situated in the bay of Bengal off Indian shores,  is going to be India's first marine sanctuary. This will give succour to  the conservation of coral reefs and other biodiversity. " India’s first marine conservation reserve is coming up around...

Tourism crash in Kenya threatens their big cats

Sadly, the big cats living in Kenya's Maasai Mara game reserve are being threatened by a crash in Kenya's tourism revenue, as the reserve can no longer sustain a safe passage clause fo the endangered felines."The...

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