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Woolworths going out of business

Woolworths, a British retail institution, is closing its doors for good.
The retail chain has been in business for 99 years. Yesterday 200 of its stores closed and the remaining 600 are expected to close in the coming weeks.
In 1997, all the Woolworths stores in the …

Mortgage rates are at an all time low

Usually when I see that in the title of a banner ad, it is followed by a cartoon doing a silly dance. However, mortgage rates ARE at 30 year lows and are still falling.
Freddie Mac, the mortgage company, reported yesterday that average rates on 30-year …

Last minute shopping

So, the day after tomorrow is Christmas and you still haven’t finished Christmas shopping? Well, there is still time if you’re not shopping online to get your shopping wrapped up.
Sure, the stores will close early tomorrow with bare shelves, but today you can fight with …

Oil drops to another 4 year low

Despite the fact OPEC announced a 2.2 million per day drop in oil production yesterday, oil traded around $36 a barrel today. The last time oil closed so low as July 2004.
This just proves further that OPEC needs to listen to what analysts are saying …

Iraqi “shoe thrower” goes to court

Muntazer al-Zaidi, 29, the television reporter that threw his shoes at President Bush went to court yesterday to face a judge for “offending the head of a foreign state,” a charge that could land him in jail for up to 7 years.
After the shoe incident, …