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Tuesday 8 April 2008

Archive for the 'economics' Category

Meeting minutes show Fed officials worried about deep recession

Tuesday 8 April 2008 @ 12:35 pm

WASHINGTON - Worries about a deep recession — not a shallow one — drove Federal Reserve policymakers to slash a key interest rate last month, meeting minutes show.

Comments (0) | Posted in economics

Rising cost of fuel puts independent truckers, small airlines out of business

Saturday 5 April 2008 @ 6:44 pm

Comments (0) | Posted in Energy, economics

Canada may scrap the penny; legislator calls it “an expensive nuisance”

Friday 4 April 2008 @ 3:19 pm

Pat Martin of the opposition New Democrats said it cost Canada C$130 million ($127 million) to produce 1.2 billion pennies last year, largely because so few of the small coins are actually circulated.

Comments (0) | Posted in economics, government

Hydrogen-Powered Plane Takes Flight

Friday 4 April 2008 @ 12:10 pm

“For the first time in the history of aviation, Boeing has flown a manned airplane that was powered by a hydrogen battery,” Boeing chief technology officer John Tracy told a news conference at the firm’s research center in the central Spanish town of Ocana.

Comments (0) | Posted in Energy, Environment, economics, technology

Six Reasons You Shouldn’t Count on Rebate Check Before It’s Cut

Wednesday 2 April 2008 @ 10:07 am

Most Americans will soon receive rebate checks from the IRS worth anywhere between $300 to $1,200 or more, and many businesses have already launched marketing campaigns hoping to lure those potential customers.

Comments (0) | Posted in economics

Bush administration proposes largest financial overhaul since Great Depression

Monday 31 March 2008 @ 10:23 am

The plan would change how the government regulates thousands of businesses from the nation’s biggest banks and investment houses down to the local insurance agent and mortgage broker.

Comments (0) | Posted in economics

Hype Machine: Searching for ZAP’s Fleet of No-Show Green Cars

Wednesday 26 March 2008 @ 10:59 am

Zap promised all-electric environmentally-friendly automobiles for Joe consumer. Unfortunately, they lied.

Comments (0) | Posted in Environment, economics, technology

Stocks jump on revised Bear Stearns deal

Monday 24 March 2008 @ 10:44 am

Wall Street extended its big advance Monday as investors applauded a new agreement that will give Bear Stearns Cos. shareholders five times the payout than was outlined in a JPMorgan Chase & Co. buyout deal a week ago. Investors were also pleased by a stronger-than-expected housing report and sent the Dow Jones industrial average up about 225 points.

Comments (0) | Posted in economics

Existing home sales rise in February

Monday 24 March 2008 @ 10:41 am

After falling for six straight months, sales of existing homes posted an unexpected increase in February which may have reflected more aggressive price cutting by sellers in some parts of the country, a real estate trade group reported.

Comments (0) | Posted in economics

Bio-fuel company modifies cow intestinal bacteria to produce industrial-strength methane

Thursday 20 March 2008 @ 12:53 pm

“Through genetic manipulation, we’ve changed the naturally occurring bacteria, so they eat and consume biomass a little more efficiently,” he said. “It works. There’s not even any debate that it works. It really is an all-natural, simple process that cows use on a daily basis.”

Comments (0) | Posted in Energy, biology, economics, technology