AFP
Sun Apr 30, 2006 RIYADH - Saudi King Abdullah ordered petrol prices in the oil-rich kingdom slashed by more than 30 percent, according to a copy of the decree carried by the official SPA news agency.
"In order to improve the living standards of citizens and for the public good, we have ordered that the price of one litre of petrol for the consumer be changed to 0.60 riyals (17 cents) instead of 0.90 riyals (24 cents) until 10/12/1427," the decree said, referring to the last month of the Muslim lunar calendar which would coincide with next January. |
By Linda Stern
Reuters Sat Apr 29, 2006 WASHINGTON - Do you think your house is your retirement nest egg? Think again, say some financial advisers.
Many, if not most, homeowners do expect to retire "on the house" according to the Center for Retirement Research at Boston College. But at the same time they are reducing their own equity by borrowing against their homes for other expenses. They may be counting on inflated home values that could fall by the time they are ready to sell and move. They may be counting on a resource they never really want to sell. In other words, they may not be being very realistic. |
AFP
Sunday April 30, 2006 |
By Alex Johnson
MSNBC May 1, 2006 Gasoline prices have soared an average of 60 cents a gallon in less than a month because suppliers are unable to keep up with demand, a situation that could persist up to three more years, Energy Secretary Samuel Bodman said Sunday.
Bodman said on NBC's "Meet the Press" that the shortfall was a sign of a stronger economy under President Bush, but he acknowledged that, at least for now, "the suppliers have lost control of the market." Comment: Only a politician would claim that the fact that average Americans can't afford to fill up their gas tanks is a GOOD sign for the economy.
|
By Simon Montlake | Correspondent of The Christian Science Monitor
DONGGUAN, CHINA - One of the defining myths of modern China - that it has a bottomless well of unskilled, low-wage laborers - is coming apart at the seams. And hardest hit are the southern coastal cities that produce much of America's consumer bounty.
What began two years ago as a temporary blip in the steady supply of migrants to China's export hub, where low wages and long hours are the norm, has become a constant problem for factory bosses. |
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