World-News

The currency had its biggest decline versus the euro in three weeks, weakening to $1.5979 as U.S. housing starts dropped more than twice as much as forecast to a 17-year low. The Canadian and Australian dollars and the Norwegian krone increased after crude oil touched a record $114.95 a barrel.

https://tinyurl.com/67l7cb



The Madness of Ben Bernanke

The dollar is in a tailspin, the trade deficit is growing and a recession is on the horizon. The American way of life is in serious danger. But the head of the Federal Reserve keeps on pumping easy credit into the system -- a crazy policy that will worsen the crisis.

https://www.spiegel.de/international/business/0,1518,547317,00.html



Oil nears $115 a barrel

Gasoline and oil futures prices rocketed to new records Wednesday, propelled by concerns about how much gas will be available during the peak summer months. Crude futures approached US$115 for the first time.

https://www.thestar.com/Business/article/415118



March Housing Starts Down 36.5% Year-over-Year

New construction of U.S. houses plunged to the lowest level in 17 years in March, the Commerce Department estimated Wednesday. Starts fell 11.9% in March to a seasonally adjusted 947,000.

https://nationaleconomist.com/blog/2008/04/16/march-housing-starts-down-119/



The Las Vegas Economic Downturn Has Started

The spillover effect from our national economic downturn has finally started to impact Las Vegas, and casino layoffs have officially begun.

https://tinyurl.com/6fchzs


From Information Clearing House



https://freepage.twoday.net/search?q=Dollar+fall
https://freepage.twoday.net/search?q=Bernanke
https://freepage.twoday.net/search?q=trade+deficit
https://freepage.twoday.net/search?q=recession
https://freepage.twoday.net/search?q=housing