Tag archive for ‘Food Prices’
Are we heading for a global recession?
To rather lackluster fanfare in the “public consciousness” yesterday, the Federal Reserve announced that it was holding interest rates flat, and hinted that it may need to raise interest rates in the near future as it is becoming increasingly concerned about inflation. All of this has me wondering - are we heading for global recession?
Inflation [...]
FT: US begins to break foreign oil ‘addiction’
London, UK (FT.com): The US is starting to break its “addiction” to foreign oil as high prices, more efficient cars, and the use of ethanol significantly cut the share of its oil imports for the first time since 1977.
The country’s foreign oil dependency is expected to fall from 60 per cent to 50 per cent [...]
Treasury Secretary Paulson - “Markets are Calmer Now”
Washington, D.C. (Associated Press): Treasury Secretary Henry Paulson said Friday that financial markets are “considerably calmer” now than they were two months ago. He predicted the economy will be rebounding by the second half of this year.
In a speech to business executives in Washington, Paulson said the drag from housing, which he characterized as still [...]
Aziz, Chemical Ali, and six others could face death penalty in Iraq trial
Baghdad, Iraq (Associated Press): An Iraqi court on Tuesday began hearing the case against Tariq Aziz (pictured), one of Saddam Hussein’s best-known lieutenants, who is accused of ordering the execution of dozens of merchants for profiteering.
Aziz, 72, a former deputy prime minister under Hussein, is one of eight defendants in the case. If convicted, they [...]
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