Citigroup in shock profit warning

"Citigroup shocked investors today with a profits warning after losing billions of dollars in the recent global financial turmoil. Its grim warning came just hours after UBS announced its own substantial losses in the US sub-prime mortgage crisis. The bank, which is one of...

General Motors paralysed by strike

"Disgruntled staff streamed out of General Motors factories across the US yesterday as the country's main car workers' union called a nationwide strike in a protest over healthcare benefits and job security. The...

Credit crunch batters Japanese housewives

The $US2.5 billion that Japanese individuals lost last month was just a minuscule fraction of the nation's overall household savings, say some analysts."It's comparable to what Japan spends in two weeks on...

Will the Subprime Meltdown Hurt the Ad Industry?

I remember being told by various Madison Avenue types that Capital One sends out over 1 billion pieces of direct mail a year.  I'm pretty sure I've got most of those.  They truly are one of the biggest...

$3.6b of maturing bonds threaten kiwi

New Zealand exporters are happy to see the dollar drift down fast. Importers and many consumers like to see it stay strong. The kiwi dollar has already lost around 8 cents of its value over the last 20 days, and...

Heavy snowfall in Chile causes record damage

It's winter in the southern hemisphere. Even so, the snow hitting Chile is record breaking--it's the worst snowfall to hit the South American country in eight years. Yet another sign of climate change (along with...

World shares fall on credit fears

"World shares fall on credit fears Analysts say markets will remain volatile in the near future Markets have faltered in Friday trading, a day after markets in the US and Europe suffered heavy losses amid fears of a global credit crunch. In morning trade the London FTSE 100...

Gingrich endorses Huckabee for President

"For Release: Immediately Conservative blogger Nuke Gingrich today officially endorsed the candidacy of Mike Huckabee of Arkansas for the Republican nomination for President in the 2008 election.  " “Conservatives are ready for a cogent and articulate presentation...

Floods drive up broccoli, carrot and potato prices

"Fresh British-grown vegetables will be in short supply this summer and shoppers can expect hefty price increases, horticulture experts have predicted. The recent floods have damaged thousands of acres of broccoli, cabbage, cauliflowers,potatoes, onions and carrots. Last week...

Experts Unveil Plan To Boost York City

"Plans to revitalise York's economy have been unveiled in a report prompted by heavy job losses in the past year. The Future York Group was set up by the city council after chocolate makers Terry's and Nestle, insurer Norwich Union and British Sugar announced cuts. The...

America's Iraq strategy boosts US combat losses

This sobering report comes in from the Christian Science Monitor and it is just sad.  - The Angryindian----------------------------------------------"Washington - May's spike in the American death toll in...

Honeybee deaths sting Ontario apiaries

"A wet fall, a long winter and an influx of invasive species are the usual suspects investigators have rounded up in search for clues to a malady crippling honeybee populations in southern Ontario and other parts...

Alien Labor Gains Net Hollywood Math :: MAXINE

"We often hear how producers of a successful Hollywood movie, you know, one that had very strong attendance figures (box office) is never is able to turn a profit. Many joke that what is actually happening is “Hollywood Math” (while others call it creative accounting)...

Honeybee Deaths Continue

The honeybee die-offs have been an ongoing emergency. Some scientists are blaming colony collapse disorder, whilst others point toward climate change and adverse reactions to chemicals."Honeybees in southwestern...

USA Armed Forces Running Out Of Equipment

Just how long can the USA sustain its wars in Iraq and Afghanistan as its growing equipment supply problems mount, let alone take on Iran?Battlefield damage is one thing, but clearly the United States of America...

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