NASA Encounters Hitch With Mars Lander

"NASA’S ambitious mission to discover if Mars was ever habitable has encountered its first hitch - the protective sheath covering the robotic digging arm of its Phoenix lander has failed to fully unfurl.The malfunction means the elbow joint of the 7.7 ft long arm, which...

HSBC precious metal forecasts looking up but not far enough « Peter J. Coope...

HSBC has raised its 2008 price forecast for gold to $915 an ounce from $850. You have to wonder, having upgraded its 2008 forecast by a large margin - how long before the bank does it again?

Who is right on oil and the dollar: HSBC or Standard Chartered? « Peter J. C...

Yesterday I was privileged to briefings by top analysts from both banks on the economic outlook. StanChart took the morning slot with a breakfast in the Burj Al Arab, while HSBC fitted in an interview before its seminar in the Grosvenor House for Premier clients last evening....

Katrina victim claims $97 million lottery prize

A man who lost two homes in Hurricane Katrina claimed a $97 million lottery prize today, from a ticket he bought at a convenience store when he stopped to buy a gallon of milk." When he turned in the winning ticket, Carl Hunter became the largest Powerball winner in...

Iran No Longer Accepts US Dollars for Oil

As fears grow that both China, with its massive foreign currency reserves, and the Middle Eeastern oil states will move from the dolalr to the euro as their favored international currency, Iran has announced that...

From Liberia to America: Richelieu Dennis, Founder of Sundial Creations

" Just when it seemed that the Chris Gardner story was the most inspirational story I'd come across, here's an entrepreneur's story that may even be more inspiring.  I came across this interesting blog post while surfing the blogosphere today.  It is about an...

Happy spamiversary! Spam reaches 30

"Thirty years ago next week, Gary Thuerk, a marketer at the now-defunct computer firm Digital Equipment Corporation, sent an email to 393 users of Arpanet, the US government-run computer network that eventually...

FOREX-Euro breaks through $1.60 on ECB rate outlook

European Central Bank's (ECB) and FED's interest policies differ. ECB seems to be more worried about inflation and FED is more worried about recession. This means that interest rates are not expected to go down in Europe and Euro gets stronger against dollar.The benefit for...

GOLD VS DOLLAR

The value of the dollar is dropping like a rock and this video is to show how this is affecting the prices of everything from gas to milk. This is the first of several videos to show what is really happening to...

Work Every Bit as Wild as It Is Woolly

As spring is upon us, many people feel the need to start fresh - a new relationship, a new wardrobe or a new job. Well, if you're considering getting out of the office in time to get a tan, maybe this is...

American Economy: Man The Life Boats!

Yes, the Fed can crank up its magical printing presses and pour dollars on the flames, but there is in actuality very little that the monetary authorities can do to fix the problem. In the long-run, the only...

Half a Decade of War: Five Years After Iraq Invasion, Soldiers Testify at Win...

" AMY GOODMAN: [Five years ago] on March 19th, 2003, the US began bombing Baghdad. The invasion was on. Six weeks later, President Bush stood under a banner reading “Mission Accomplished” and declared an end to major military combat operations in Iraq. Now, half a...

Dollar at Record Low vs. Euro

Good news for holiday shoppers, but that's about it. This is dreadful news for European companies that rely on US investment. When risk outweighs potential benefit, American financiers will have no real incentive...

U.S. Stocks in for a shock today

This just came in and it doesn't look pretty. "LONDON (AP) -- European and Asian markets tumbled and Wall Street headed for a sharply lower opening Thursday as Carlyle Capital appeared close to collapse, the dollar plunged against foreign currencies and oil hovered near...

Gold recaptures $800 on bargain hunting; dollar eyed

""If the U.S. dollar comes under downward pressure in coming weeks, you could see the gold price spike higher. Probably quite sharply higher, back above $820 an ounce," said David Moore, a commodity analyst at the Commonwealth Bank of Australia."Although perhaps the upside...

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