Posted on
May 21 2008 6:05 AM
by
adeal
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If you're wondering why driving to work has gotten so expensive, you might want to peruse your pension fund's investments. That's because speculation by institutional investors pouring money into the commodities market may be largely to blame for spiking oil prices, according to testimony on May 20 before the Senate Committee on Homeland Security & Governmental Affairs.
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Posted on
Feb 26 2008 10:35 PM
by
abid
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Environmentally friendly businesses may be the perfect bootstrapped startup because they have a natural niche from which to build a customer base.
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The Canadian Wheat Board says Ottawa will have to help it buy port facilities and grain elevators -- or let it abandon the barley market altogether -- if farmers vote to eliminate the board's monopoly. Chairman Ken Ritter said the board of directors has studied all the options for working in a dual barley market, but none of them would benefit farmers when compared with competing grain companies. Read the rest of this entry »
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The Federal Reserve's stance on interest rates helped spark a comeback on Wall Street last week, and investors are hoping that this week's data on new home sales, gross domestic product and personal spending will add momentum to the rally. The market is still showing signs of volatility, but investors are tentatively optimistic about its recovery after the Dow Jones industrials posted their best weekly point gain in four years and returned to positive territory for the year. The blue chip index jumped 159 points Wednesday after a Fed statement appeared to raise the possibility of a rate cut this year, a move the market hopes would encourage consumer spending. Read the rest of this entry »
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