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...

Hot button social issues highlight state ballots

"Social issues so volatile that the presidential campaigns sidestepped them will be on the ballots in several states next week, including measures that would criminalize most abortions, outlaw affirmative action and ban same-sex marriage in California, one of only three...

REJECTED!!!!! 206 Yea / 227 Nay

"As the vote was shown on TV, stocks plunged and and investors fled to the safety of the credit markets, worrying that the financial system would keep sinking under the weight of failed mortgage debt. The markets were highly volatile, with the Dow regaining ground to trade...

Durable Goods and Capital Goods Orders better than Expected

Here's some positive economic news."Orders for durable goods, items meant to last three years or more, rose strongly last month after an upwardly revised 1.3% gain in June, the Commerce Department said. Analysts were expecting durables orders to remain unchanged from the...

Top US diplomat escapes gun attack in Pakistan

The top US doplomat in Pakistan narrowly escaped an ambush this morning, at the same tiem that a bomb exploded at a political rally in the Southwest of the country. Violence in Pakistan is increasing as that country looks to replace outgoing president Pervez Musharraf....