Feb. 27 (Bloomberg) -- Gold rose to records in London and New York and silver gained to a 27-year high as the dollar's all- time low spurred demand for precious metals as a hedge against inflation. Palladium rose to the highest since 2001. Gold is up 15 percent this year as a US housing slump and turmoil in credit markets led the Federal Reserve
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Thursday, February 28, 2008
Gold, Silver, Oil at Record Highs as Dollar Hits Record Low
Dollar Falls to Record Low of $1.50 per Euro
The dollar fell to an all-time low of $1.50 per euro on speculation Federal Reserve Chairman Ben S. Bernanke today will indicate the U.S. central bank is prepared to keep lowering interest rates. The currency is headed for its second straight monthly decline versus the euro on expectations a government report today will show a drop in U.S. home...
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Sprint Posts $29.5 Billion Loss on Nextel Writedown
eb. 28 (Bloomberg) -- Sprint Nextel Corp., the third- biggest U.S. wireless carrier, posted a $29.5 billion loss and scrapped its dividend after writing down the value of Nextel Communications Inc. and losing 683,000 customers.
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Economy Skids to Near Halt in Final Quarter of 2007
WASHINGTON — The economy skidded to a near halt in the final quarter of last year, clobbered by dual slumps in housing and credit that caused people and businesses to spend and invest more sparingly.
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New Data Show Rising Inflation and Slumping Home Values
The data provided fresh evidence that the housing market is mired in a prolonged slump even as the broader economy is squeezed by higher prices.
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Wednesday, February 27, 2008
Why is Wal-Mart Thriving in an American Recession?
The nation's largest retailer, which caters to working-class customers, seems to have something of a sweet spot. The stock closed Tuesday at $51.40—its highest close since March 2005. Given the economic headwinds, one would think that a retailer catering to lower-end consumers would be doubly slammed.
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Friday, February 01, 2008
We have a broadband strategy? Bush administration says yes
A new report from the NTIA talks in glowing terms about the success of our national broadband strategy. Wait, we have one? That's news to the FCC.
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