US$40 a barrel of oil?

"US$40 a barrel of oil? HOUSTON: The price for regular gasoline tumbled below US$2 a gallon (53 cents a liter) Friday, its lowest point in more than three years, and crude oil futures edged...

Inflation falls at record pace to 4.5%

As the value of the pound outside of the UK sinks, it appears that inflation within the country is falling as well. Inflation in th eUk fell at a record pace in October, data released today shows."Inflation tumbled at a record pace in October to 4.5 per cent, down from the...

Update: Islamic Financing video, Saudi stocks tank on oil's fall, recession f...

10% down, Dubai stock market double hit by low oil price and world crisis, no safe haven in the Arab world, the many skyscrapers are not Innovators, they produce no added value, just cost money for Air condition. ...

Since Bush lifted the Oil Drilling Ban oil has dropped to 90 dollars a barrel

Since Bush lifted the Oil Drilling Ban oil has dropped to 90 dollars a barrel"NEW YORK (AFP) — Crude oil nosedived below 90 dollars a barrel Monday as deepening global financial turmoil and plunging stock...

Indian stock Market tanks on likely US hedge funds redemption

Despite the bailout plan approved by US Congress, Indian stock market tanked due the negetive sentiments in other world markets.Since morning Asia and Europe markest have been slipping.  " The...

Sales of million-dollar Tahoe homes fall ... by half!!!

Sierra Nevada mountain living just isn't worth as much as it used to be. Poor Lake Tahoe and the beautiful Ponderosa Pine forests that welcome people from all over ... especially, San Francisco. The fuel to drive...

American 'Meltdown' is the Reason for the Money Injection by Fortis

""Votron stays on after a wave of criticismby our correspondentJune 28, 2008, 09:10 a.m.BRUSSEL/AMSTERDAM (DFT) - Fortis expects a complete breakdown of the American financial markets within days or weeks. This explains, according to the bank insurer, the series of...

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...

Housing sales slowdown spares West -- for now

"WASHINGTON - Sales of new homes plunged last month to their lowest level in more than 12 years, a grim testament to the problems plaguing the housing sector. The Commerce Department reported Friday that new-home...

House prices fall by 11.4% as Ulster Slows Down

"House prices in Northern Ireland are down by 11.4% compared with the second quarter of the year, it was revealed today. Despite the latest findings from the Nationwide's House Price Survey, the province is still enjoying the highest house price growth in the UK at 42.6% for...

$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...

Dow Jones Drops 500 Points

I don't know how much Dick Cheney's incident really has to do with this. China's market roller-coaster is the far more likely culprit."Stock tumbled across the board Tuesday, with the Dow industrials sinking more than 500 points at one point, after declining markets in China...

Is it Super-Hero Week in NYC or What?!

"Julio Gonzalez, 43, and Pedro Nevarez, 40, saw 3-year-old Timothy Addo dangling from a Bronx building on Thursday, police said. The boy had crawled out of a window when his baby sitter briefly took her eyes off of him, police said. "He was hanging on for dear life," Gonzalez...

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