Update Goldman: After the party, the hangover, buying an AIG lifeinsurance now?

Who ever will buy now a lifeinsurance policy from AIG, not trustworthy you may say.Who ever will invest in Goldman & Sachs, still healthy, can they repeat to make profiton short selling of mortgage contracts?...

More airlines charges are ahead for summer travellers

As if it isn't already really expensive to fly now, another US airline, JetBlue Airways, is now going to start charging customers for pillows and blankets.This isn't all new news, as I flew on Zoom Airlines not...

Haiti food aid lags, hunger deepens

UN and UNICEF need to respond immediately regarding this. " Haiti - Every inch of Rivilade Filsame's body hurt, from his swollen, empty stomach to his dried-out, wrinkled skin. The 18-month-old had been crying...

Government relents and scraps fuel duty rise

The UK government has cancelled a planned 2p rise in fuel tax in light of the ever increasing petrol prices. However the timing to the decision, coming as it does shortly before the very important by-election in Glasgow East, has being deemed suspicious. Gordon Brown may be...

AT&T's iPhone puts Verizon on the defensive

"Verizon CEO Ivan Seidenberg used to bristle about how Apple was crowned a wireless success without earning the title. But with Apple announcing it sold 1 million 3G iPhone in just three days, the AT&T/Apple...

Summit ends with climate 'vision'

World leaders have proclaimed a "shared vision" on climate change, but failed to bridge differences between rich and emerging nations on curbing emissions"Concluding a summit in northern Japan, leaders from the...

No expenses spared at the G8 food shortages summit dinner

In a not so very surprising twist of irony, the G8 gathering finished a day of discussing food shortages and soaring food costs by tucking into a 19 course meal prepared by 25 chefs.Let's just say that no expenses...

UK confidence 'near all-time low'

Grim times ahead in the UK."UK confidence 'near all-time low' Rising prices have been blamed for falling confidence Confidence among UK...

Britain goes slow as trains, planes and ships cut fuel costs

Even jet planes are slowing down to save fuel - well really to save 'fuel costs' which is perhaps slightly different - an economic rather than environmental decision. If that's what it takes to save the planet...

North America's 1st carbon tax rolls out under fire

"VANCOUVER, British Columbia (Reuters) - Civic leader Scott Nelson says he is as worried as anyone about global warming, but that does not make him happy to be one of the first North Americans to pay a carbon tax to curb climate change. Nelson, mayor of Williams Lake, British...

African Union: "Unite or Starve"

I can't really argue with this: if it means bargaining with a collective continental market in order to get a better deal on necessities, then so be it. SInce the various AU nations have such different agendas, both with the West and with each other, it's hard to predict how...

OPEC talks: Saudi Arabia to boost oil output

Gordon Brown seems to have made the breakthrough that some thought his dour faced approaches to OPEC couldn't achieve. " Saudi Arabia has responded to appeals from Gordon Brown and other western leaders to bring...

U.S. Energy Boss: Not Speculators, Shortages the Blame for Oil Prices

OpinionBarry Artiste, Now Public ContributorThe U.S. Energy Boss blaming shortages and not speculators driving up oil prices certainly must be the same slick oil salesmen who has Prime Swamp land in Florida for...

Saudi Arabia Increases Oil Production To 9.7 Million Barrels Per Day

"King Abdullah has agreed that his country will increased output to 9.7 million barrels a day as he opened a summit on the soaring international price of crude."

Beating Runaway Inflation in Kenya

" This month Kenya's Central Bureau of Statistics (CBS) released figures showing that Kenya's annual inflation has reached 31.5%.  There are many factors contributing to this trend amongst them are...

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