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POPSMSNBC's Network Chief Down Plays The Personal Bickering The sudden death this summer of NBC News Washington bureau chief Tim Russert, who made frequent appearances on MSNBC, removed a political and temperamental rudder for the network. Mr. Griffin has tried to fill the power vacuum since, struggling to shepherd the network's big personalities through a period of transition. The network drew 2.15 million viewers on its first night of convention coverage, 88% more than tuned in for the first night of the 2004 Democratic convention, according to Nielsen Media Research. MSNBC also beat Fox News among younger viewers that night. Fox News is owned by News Corp., which also owns Dow Jones & Co., publisher of The Wall Street Journal.network's chief played down the
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POPSBernanke ready to extend aid for banks into 2009 Can the Federal Reserve go bankrupt? How much gold can Fort Knox hold. Surely it can't cover all this debt? What other assets does it have? The US taxpayers who is also in excess debt and might find it impossible to pay their taxes.
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POPSHow Stocks And The Stock Market Work Browse videos in money: Reducing Demand (1:18) Nuclear Power (1:09) Big,Bad Oil (1:31) Foreign Oil Sources (1:24) http://videos.howstuffworks.com/business-and-money
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POPSDow Tumbles 395 Points On Oil Spike Stocks tanked Friday, with the Dow industrials shedding 395 points, after oil prices spiked more than $11 a barrel and the May jobs report showed a big jump in the unemployment rate. Bond prices surged, as investors sought safety in government debt, while the dollar tumbled versus the yen and euro. According to early tallies, the Dow Jones industrial average (INDU) lost 395 points, its biggest one-day point loss since February of 2007, at the start of the subprime mortgage crisis. The selloff Friday amounted to a decline of more than 3%.
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POPSSenate votes to extend tax credits for renewable energy So the Senate and House have now decided to extend the tax credits. The big difference is that the House want to subsidize them by increasing taxes on oil companies, whereas the Senate just wants to eat the cost. Let's hope that Congress and the President can agree on a solution, because this would be great for the country and the world for many reasons!
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POPSRisks Outweigh Rewards In Volatile Market Meanwhile, my research suggests that the Federal Reserve will lower short-term interest rates for the last time this year at its March 18 meeting. In addition, I expect foreign central banks to continue pressuring the U.S. Treasury to implement measures to curtail the dollar's descent. I therefore expect the exchange-value of the dollar to stabilize by the end of March. A stabilizing dollar would of course be a negative development for the future direction of commodity prices. In addition to dollar's impact on commodity prices, investors should not overlook the fact that the recent surge in commodities has been largely related to several one-off events: (1) Last Thursday's oil supply disruption in Ecuador (due to a damaged pipeline caused by a landslide); (2) The shutdown of gold and platinum mines in South African during late January (due to a nationwide electricity shortage).
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