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Article Archive for November 2008

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The Week Ahead

This coming up week expect the Big 3 to be back on Capitol Hill this week asking for a loan on Tuesday. On Wednesday the Federal Reserve will release the Beige Book and on Thursday interest rates will be released by the Bank of England …

Obama to name Clinton secretary of state on Monday

Democratic officials, who wish to remain anonymous because they can’t keep such a big secret, said that Obama plans to name Hillary Clinton as his secretary of state on Monday.
In order for her to be appointed Bill Clinton had to disclose the name of …

100,000 people stranded in Thailand airports

Thailand has had a reputation as a safe travel destination, but now that anti-government protesters have shut down the nation’s largest (and primary) airports.
The shut down, according to Thailand officials, will likely cost the country 1.5% of its GDP between now and the end …

OPEC decides not to cut production in Cairo

Today OPEC held a meeting in Cairo to decide whether or not to cut production ahead of their December meeting. They ended the meeting saying they would take action to balance the demand and supply for oil during their meeting Dec. 17; which means that …

This week on Wall Street

This week was good for Wall Street. There were 4 days in a row where the S&P increased. Even with the news about the downward spiraling economy, the markets reacted positively.
With consumer confidence levels dismal and home prices the lowest they have been in …