Sunday, April 17, 2011

Quick Overview

  • Chinas reserve ratios will rise a half point from April 21, the People’s Bank of China said.


  • Greenspan warns of US Debt Crisis and urges end to The Bush tax cuts.
  • ( ABC) Since 1992, the average federal income tax actually paid by the wealthiest 400 U.S. households has fallen from 26% to 17%.


  • Spiking food price is the biggest challenge facing developing countries nowadays, World Bank Group President Robert Zoellick said.

  • The U.S. Department of Agriculture estimates that the combined stocks of nine edible  oils will fall 25 % to 9.39 million metric tons this year, or about 23 days of demand, the fewest since 1974.

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