Archive for April, 2008
One Year Treasuries back on the Market
WASHINGTON (AP) — The Bush administration, moving to cope with soaring budget deficits, says it is bringing back the one-year Treasury bill that it stopped issuing seven years ago when the budget was in surplus.
The administration said Wednesday it would begin selling the one-year bill, also referred to as a 52-week bill, at an [...]
General Motors suffers $3.3B first quarter loss
DETROIT (AP) — General Motors Corp. struggled to a $3.3 billion first-quarter loss, due in part to a weak U.S. market, a strike at a major parts supplier and plummeting sales of sport utility vehicles and pickups.
The nation’s biggest automaker also cut its industrywide U.S. sales outlook for the year. The company disclosed earlier [...]
The President holds firm on Iraq funding bill
WASHINGTON (AP) - President Bush and Democrats controlling Congress continued on course toward a veto confrontation Tuesday as Bush said he would veto any attempt to add a popular veteran benefits bill to his $108 billion war funding request.Bush’s hard line in a Rose Garden news conference could virtually assure a veto of the hotly [...]
Like - wow man - I can totally see through my hand! (LSD Creator Dies in Switzerland)
GENEVA (AP) - Albert Hofmann, the father of the mind-altering drug LSD whose medical discovery inspired - and arguably corrupted - millions in the 1960s hippie generation, has died. He was 102.
Hofmann died Tuesday at his home in Burg im Leimental, said Doris Stuker, a municipal clerk in the village near Basel where Hofmann moved [...]
Economy NOT in recession (not yet) - Grows at .6 percent in first quarter
WASHINGTON (AP) - The bruised economy limped through the first quarter of this year at only 0.6 percent as housing and credit problems forced people and businesses alike to hunker down.
The country’s economic growth during January through March was the same as in the final three months of last year, the Commerce Department reported Wednesday. [...]
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