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Updates resume February 7.

US must abandon Iraqi cities or face nightmare scenario, say experts It warns of radicalisation and possible secession movements in adjacen...

The Conference Board said the consumer confidence index increased from 110.0 to 110.3 in January. Japan ’s household spending was down 1.9%...

U.S. Treasury Secretary Paulson said inflation appeared to be at a very manageable level, which would help to sustain a U.S. economic expan...

Thailand approves copycat drugs THAILAND'S army appointed government said today it had approved a cheap, copycat heart disease drug, th...

Trade ministers from some 30 countries agree that full-scale global trade talks should resume quickly. U.S. new home sales were up 4.8% fro...

The U.S. jobless claims were up 36,000 last week to 325,000. The National Association of Realtors said that December’s U.S. existing home ...

Philadelphia Federal Reserve Bank President Charles Plosser said core inflation at 2.5 percent was too high, but declined to say what level ...

Corn Dog Between 1995 and 2003, federal corn subsidies totaled $37.3 billion.

The Conference Board leading indicators figure for December came in +0.3%, which was better than expected. YoY consumer prices in Canada w...

Executives of 10 major corporations, urged Bush to support mandatory reductions in climate-changing pollution and establish reductions targe...

Coin shortage could turn pennies to nickels Sharply rising prices of metals such as copper and nickel have meant the face value of pennies ...

US Army officer barred from disputing legality of Iraq war at court-martial A US military judge ruled Tuesday that 1st Lt. Ehren Watada, a U...

U.S. consumer prices rose 0.5% in December and 2.6% YoY. Excluding food and energy, prices rose 0.2% in December and 2.5% YoY. U.S. new hou...

U.S. industrial production rose 0.4% in December and 4.0% in 2006 U.S. Capacity utilization out at 81.8%. The producer price index rose 0....

Iran, Iraq to jointly establish shipping company Tehran, Jan 16, IRNA Iran-Iraq-Shipping Managing Director of Val fajr shipping company Lotf...

The New York Federal Reserve's regional index of manufacturing dropped from 22.19 to 9.13 in January, weaker than expected. The Internat...

Nomads Beware! A make-or-break speech by a beleagured American president is usually preceded by a demonstration of American might somewhere...

Less Than Zero All this, again, adds up to nothing. But if we look at the President's proposal more carefully, we find it actually amoun...

U.S. Retail sales rose 0.9% in December, more than expected. India' s Nov industrial production rose 14.4% YoY. Chinese GDP rose to 1...

U.S. Jobless claims were down 26,000 to 299,000. The DoE said that supplies of natural gas were down 49 billion cubic feet to 3.025 trilli...

War With Syria and Iran = Peace With Iraq? Speaking about the two countries tonight, the president said that the United States wiill "...

The U.S. trade deficit narrowed in November to its smallest level since July 2005. Exports were up 0.9% in November to $124.8 billion while ...

Bush Lifts Alaska Oil, Gas Drilling Ban There are believed to be 200 million barrels of oil and 5 trillion cubic feet of natural gas beneat...

Australia n retail sails rose 0.2% in November, less than expected Bush lifted a ban Tuesday on oil and gas drilling in Alaska's Brist...

Japan ese Finance Minister Koji Omi said domestic consumption should rise in Japan in a tight labor market and that he believes Japan is no ...

U.S. consumer credit rises $12.33 bln in November Consumer credit rose by a 6.23 percent annual rate to $2.390 trillion in November

U.S. Payrolls rose jumped by 167,000 in December and the unemployment rate held at 4.5%, the Labor Department said Friday. November air car...

U.S. factory orders rose 0.9% in November. Excluding transportation, orders were down 0.5%. The Institute of Supply Management's U.S. i...

Economist Warns on Ethanol Corn Demand According to the Earth Policy Institute's data, U.S. ethanol distilleries now online or in the w...

Bush says feds can open mail without warrant Bush asserted the new authority Dec. 20 after signing legislation that overhauls some postal re...

The Institute of Supply Management's index of U.S. manufacturing increased from 49.5 to 51.4 in December, more than expected. U.S. Fed...

U.S. Consumer confidence rose from 105.3 to 109.0, an eight-month high, the New York-based Conference Board reported. The National Associat...

Japans Jiji news agency reported late Tuesday the Bank of Japan is likely to discuss raising rates to 0.5 percent next month. Retail sales ...

Personal income increased $33.8 billion, or 0.3 %, and disposable personal income increased $27.0 billion, or 0.3 %, in November. Consumer s...

U.S. GDP rose 2.0% in the third quarter of 2006, slightly less than expected. YoY real GDP was up 3.0%. Consumer spending rose 2.8% QoQ. U....

Want To Feel Rich? by Bill Bonner Being "rich" is easier than we think. You just have to get away from Miami or Los Angeles. If y...

The U.S. Labor Department said that producer prices were up 2.0% in November, the biggest gain since 1974. YoY producer prices were up 0.9% ...

Goldman building market for home price derivatives Property derivatives have the potential to become big on Wall Street. The value of U.S. h...

The huge U.S. current account deficit widened in the third quarter to a record $225.6 billion Canada 's composite index of leading indi...

Pot is called biggest cash crop For years, activists in the marijuana legalization movement have claimed that cannabis is America's bigg...

Even if they're off, cellphones allow FBI to listen in "This is a kind of surveillance we've never really seen before. The gove...

Bush 'Privacy Board' Just a Gag The three-hour meeting, held at Georgetown University, quickly established that the panel would be ...

McCain Bill Is Lethal Injection For Internet Freedom Exploits fear of sexual predators and basic misunderstanding of Internet to attack bl...

U.S. Consumer prices were unchanged in November and up 2.0% YoY, less than expected. Excluding food and energy costs, prices were up 2.6% Yo...

Diplomat's suppressed document lays bare the lies behind Iraq war He also reveals that British officials warned US diplomats that bringi...

Argentina 's economy expanded 8.7 percent in the third quarter compared with the year-earlier period, fueled by higher consumer spending...

Americans See Widening Rich-Poor Income Gap as Cause for Alarm Almost three-quarters of Americans believe inequality is a major issue, vers...

U.S. Retail sales were up 1.0% in November, more than expected. Excluding autos and gasoline, sales were up 0.9%. China 's economy may h...

The Federal Reserve left the federal funds rate at 5.25%, noting the economy has slowed and is hurt by "substantial cooling" in th...