In other news, Afghanistan kicked off its two month-long presidential election campaign, and a U.S. soldier was killed in a roadside bombing about 230 miles southeast of Baghdad.
Question: With U.S. oil stocks high and refiners at a low production rate, why is the cost of gasoline increasing at such a high rate? It makes you think that there is more to it than supply and demand.
Question: There’s been speculation that China will lessen its ties to the U.S. dollar and U.S. debt. Some countries would also like oil to be priced in something other than dollars. If these events were to happen, what might be…
In other news, 4 U.S. soldiers were killed in Afghanistan and Iraq, and a Brazilian navy helicopter recovered the first wreckage from an Air France flight that was lost over the Atlantic Ocean Sunday.
In other news, General Motors neared a deadline to submit a restructuring plan and markets rose at the close of the week on Wall Street.
Question: What were the causes and circumstances that led to the high interest rates in the 80’s? Was it inability to effect a change or inaction in addressing the issue? Paul Solman: If by “interest rates” you mean the rate…
As crude oil costs climb higher, summer travelers are watching the price of gasoline increase. Analysts examine the factors pushing oil prices up.
In other news, President Obama signed a bill approving sweeping changes for the credit card industry aimed at helping cardholders.
In other news, the markets fell on news of auto dealership closings, and consumer prices were unchanged in April.
Question: I am a commercial mortgage broker in California. I have had nearly every bank recently advise that their examiners are preventing them from lending. How can we get out of this mess if the examiners, in effect, prevent the…
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