Greed and dogma fertilize food crisis Asia Times | By Sameer Dossani | For those following economic trends, the past 18 months are notable primarily for two reasons. First, the US housing market, long seen as overvalued finally went from boom to bust. Over the span of a few months, housing in some markets depreciated by as much as 30%, and some ec...
A tale of two downturns Asia Times | By Martin Hutchinson | British observers have in the past year indulged in a considerable amount of schadenfreude about the US subprime crisis, the excessively expansionary monetary policy of US Federal Reserve chairman Ben Bernanke and the substantial recession that appears impending. They should...
P45B welfare fund bared Journal Online By: Tess Bedico BRAGGING that the government is awash with money to spend for social services, Malacañang is ready to grant another multi-billion peso worth of subsidy for the poor. | President Macapagal-Arroyo yesterday bared a national social welf...
Greed and dogma fertilize food crisis Asia Times | By Sameer Dossani | For those following economic trends, the past 18 months are notable primarily for two reasons. First, the US housing market, long seen as overvalued finally went from boom to bust. Over the span of a few months, housing in some ...
Labor back in the picture Asia Times | By Max Fraad Wolff | Months into a long-overdue exploration of energy prices, few commentators or analysts seem to mention issues related to the long history of affordable oil and the capital and labor substitution. | The age of oil has been a peri...
Purchasing power blown away Asia Times | By The Mogambo Guru | Agora Financial's 5-Minute Forecast reports that "in terms of major stock indexes around the world ... there are few places to hide. The Euro Stoxx 50, a gauge of the big indexes in the eurozone, is down 24% this year. Germany...
WN/Patricia
Jacques Vert adds to high street gloom The Times | Jacques Vert, the struggling womenswear retailer, today warned that it expected the rest of the year to be "very challenging" after reporting a sharp fall in sales over the past ...
Dollar down at close The Australian | THE Australian dollar has closed weaker, touching a two-week low during the local session on growing risk aversion. | At 1700 AEST, the Australian dollar was trading at $US0.9520...
John Templeton, billionaire philanthropist, dies at 95 International Herald Tribune | Sir John Templeton, a Tennessee-born investor and philanthropist who amassed a fortune in global stocks and gave away hundreds of millions to foster understanding in what he called "spiritual realities," died on Tuesday in Nassau, the Bahamas, wher...
IdleAire attracts two bidders Knox News | Competing bids have been submitted to purchase the assets of IdleAire Technologies Corp. | Monday was the deadline to submit bids for IdleAire, a Knoxville firm that filed for Chapter 11 bankruptcy protection in May. | A "stalking horse" bidder had...
More fuel price woes for motorists Independent online | By Staff Reporter and Sapa | A leading economist has warned of another possible hike in the petrol price in August. | T-Sec chief economist Mike Schussler has predicted that a 20 to 40 cents a litre increase in the petrol price is possible. | The n...
Asian stocks close mostly up Dawn | HONG KONG, July 7: Asian stocks closed mostly up on Monday, boosted by a sharp jump in China, as the G8 summit of world leaders began with the global oil and food price crises high on the agenda. | Chinese shares rose 4.59 per cent, buoyed by upbeat profit forecasts from banks and soothing words from officials about the importance of financial ma...
Banks rule out further hike in deposit rates soon The Times Of India | MUMBAI: Banks on Monday ruled out any further increase in deposit rates in the near future even though high inflation was eroding the return on deposits. | “Banks have already responded to the Reserve Bank of India (RBI) cues by hiking their rates. There is no room for a further hike,...
