Rice prices in Pakistan on declining trend

Rice is the only commodity in Pakistan the price of which is witnessing a declining trend, perhaps because of harvesting of the new crop. Interestingly, the decline in price is not to ease pressure of growing inflation on public but to fleece the growers. "The price of rice...

Deutsche Bank Sold Massive Amounts of Phantom Stock

" delivery records,” there were “only two failures to deliver.” So Deutsche Bank systematically failed to even locate the stock that it sold, but the NYSE isn’t calling it “naked short selling,” and...

UK inflation reaches 5.2% in September

Rampant inflation in the UK reached an astounding 5.2 percent in September, figures released today reveal. That's the highest level since the currency crisis of 1992."The Consumer Price Index, the inflation measure most closely watched by policy makers, rose more than...

Gasoline Price Makes Biggest Drop Ever

The average rate for a gallon of gasoline in the US fell drastically, as the largest drop on record.  Consumer demand, falling oil prices and the worldwide financial crisis have all driven the price of gas at...

Ahmadinejad forced to suspend value added tax mechanism for two months.

After mounting criticism from Bazaari political forces and business men, Iranian President Mahmoud Ahmadinejad called for the suspension a new value added tax mechanism for two months. "Under the new VAT policy...

How Washington could have helped the market at no cost to taxpayers

OPINION An important read for anyone who is under the impression that current or future government intervention is going to save stock markets, the US economy or the US dollar.  Prepare for even more...

Under $3 gas

"GEORGETOWN, SC (WMBF) - If there was one stretch of road that could bring a smile to the faces of drivers fueling up at the pump, it would be in Georgetown. Both residents and drivers in the area are seeing prices...

Predicting a "Severe Bull Market" for Gold

The problem occurred because of false market valuations that occurred during a period of credit inflation. No single individual person or agency can solve the problem. No individual possesses the knowledge required....

Nokia takes on Apple

"Nokia versus AppleNokia, the world`s top mobile phone maker, launched its free music package on October 1, 2008 issuing a challenge to Apple Inc`s dominance of the digital music market.The Finnish company also...

How does the $700bn bail out impact on the UAE and local real estate? « Pete...

" Real estate prices in Dubai should also see a slowdown in price rises, and the selling of new off-plan projects could become very much more difficult at least in Dubai, perhaps not Abu Dhabi just yet: partly because Dubai off-plan supply is so high and partly because the...

Is there a Plan B?

" In 1802 Thomas Jefferson said “I believe that banking institutions are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and...

British artist Damien Hirst works fetch record prices

Damien Hirst is today arguably the most successful artist alive in Modern Britain. He has set a record of sort with his new works for more than £65m. One of his work The Black Sheep with the Golden Horn, another...

Abandoned Saginaw home sells for $1.75 on eBay

"Abandoned Saginaw home sells for $1.75 on eBay by Roberto Acosta | The Saginaw News Tuesday September 30, 2008, 5:14 PM The Saginaw home that hit the housing market at a cut-rate price sold for less than the price...

Gas prices still not in line with oil market

No matter which party you support, every Canadian should applaud Liberal MP Dan McTeague for trying to protect consumers from the oil companies.  McTeague has made it a personal mission to "watchdog" gas prices,...

How Wall Street Can Bail Itself out without Destroying the Dollar by Thom Har...

Instead of a taxpayer funded bailout, Thom Hartmann suggests taxing the people who created the mess in a way that will promote investment as opposed to speculation. What do you think? Let your Representative know:...

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