emmabenout

Member Since: May 14, 2008

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Oil's Surge Hurts Outlook For Stocks and Economy

Money – Suddenly, investors are waking up to the reality that high-priced oil is here to stay.Skyrocketing oil prices have sent stocks reeling, and the economy has begun to show troubling signs from the stress of burgeoning inflation.

View Story Discuss (2) (recession.org) 62 days ago by emmabenout

Submitted and Voted for on May 22, 2008 10:01am Commented on 1 time: 1

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States debate whether to dip into their rainy day funds

Money – Lawmakers around the country are engaging in a tricky bit of economic forecasting these days, trying to figure out whether or when to tap into their states' rainy day funds.

View Story Discuss (0) (recession.org) 64 days ago by emmabenout

Submitted and Voted for on May 20, 2008 10:50am

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What Is Really Driving Up the Price of Oil?

Autos – Crude oil prices have increased 25% in the last three months. According to most news sources, this is a result of surging demand from China and India, and a curtailment of oil supply from Nigeria and Iraq. Although these trends are accurate,the price of oil is being affected by more than supply and demand.

View Story Discuss (0) (recession.org) 70 days ago by emmabenout

Submitted and Voted for on May 14, 2008 06:37pm

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The Economy Is Worse Than You Know

Money – Ever since the 1960s, Washington has gulled its citizens and creditors by debasing official statistics, the vital instruments with which the vigor and muscle of the American economy are measured.

View Story Discuss (0) (recession.org) 70 days ago by emmabenout

Submitted and Voted for on May 14, 2008 03:47pm