Saturday, May 3rd, 2008 | 3 comments
In embracing Hamas last week in direct defiance of the wishes of Congress and the President, ex-President Jimmy Carter raised the question of why he was granting precious prestige and credibility to an organization the U.S. government has designated a “foreign terrorist organization” since 1995.
Continue reading »
Friday, January 18th, 2008 | 3 comments
“A global economy requires a global currency.”
— Paul Volcker, former Chair of the US Federal Reserve.
New World Order
Continue reading »
Friday, January 11th, 2008 | Post a comment

NEW YORK (AP) - Gold futures briefly rose above $900 an ounce Friday for the first time as high oil prices, a weak dollar and fears of a U.S. recession led uneasy investors to keep buying the precious metal.
Continue reading »
Tuesday, December 18th, 2007 | One comment
$7.4 billion in pledges conditioned on PA reform program
Continue reading »
Wednesday, December 12th, 2007 | Post a comment
Central banks in Europe and North America moved Wednesday to increase the amount of money they could lend to banks and to make it more readily available in an attempt to ease the credit squeeze.
Continue reading »
Sunday, December 9th, 2007 | One comment
TEHRAN (AFP)–Major crude producer Iran has completely stopped carrying out its oil transactions in dollars, Oil Minister Gholam Hossein Nozari said on Saturday, labeling the greenback an “unreliable” currency.
Continue reading »
Tuesday, November 27th, 2007 | One comment

Nov. 27 (Bloomberg) — Citigroup Inc., the biggest U.S. bank by assets, will receive a $7.5 billion cash infusion from Abu Dhabi to replenish capital after record mortgage losses wiped out almost half its market value.
Continue reading »
Monday, November 12th, 2007 | Post a comment
Nov. 12 (Bloomberg) — Losses from the falling value of subprime mortgage assets may reach $300 billion to $400 billion worldwide, Deutsche Bank AG analysts said
Continue reading »
Tuesday, November 6th, 2007 | 13 comments

Sub-prime crisis growing
Continue reading »