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Daily Archives: December 8, 2007

Big Oil Exporting Nations To Become Importers

Posted: December 8, 2007 at 9:39 pm

According to a story in The New York Times,several large oil exporters, including Mexico, may begin importing oil within the next five years. Growth of auto ownership and booming economies ...
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On Concern About Hyper-Inflation, China Tightens Money Again

Posted: December 8, 2007 at 6:08 pm

Chinese banks will be required to 14.5% of deposits as reserves, up from 13.5%. The new rule will take effect on December 25.According to Bloomberg, the move will take $51 ...
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A Big Recall For Chrysler, A Black Eye For Detroit (GM)(F)

Posted: December 8, 2007 at 9:38 am

Chrysler is recalling over 575,000 vehicles. According to Reuters "long-term wear on the gear shift assembly could cause them to shift out of park without the key in the ignition."The ...
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