Falling Gas Prices Require 50% Gas Tax
consumerenergyreport.com — The current 4 year low in gas prices is ruining tax revenue earmarked for the nation's roadways and bridges, says the commission appointed by Congress.More… (Business & Finance)
How To Set Financial Resolutions You Can Keep
blog.mint.com — Follow this handy action plan in order to set New Year’s Financial Resolutions you can actually keep.More… (Business & Finance)
Governors ask Uncle Sam for $1 trillion
money.cnn.com — Five Democratic leaders seek aid for all 50 states to maintain education, welfare, infrastructure, as recession worsens. The governors of New York, New Jersey, Massachusetts, Ohio and Wisconsin - all Democrats - said the initiative for the two-year aid package was backed by other governors and follows a meeting in December where governors called onMore… (Business & Finance)
Bank of America, Wells close mergers as banking transforms
reuters.com — Bank of America Corp completed its purchase of Merrill Lynch & Co and Wells Fargo & Co finished buying Wachovia Corp, the latest sea changes in a transformed banking industry facing dire economic...More… (Business & Finance)
Russia Flexes Some Muscle, Cuts Off Gas Supply to Ukraine
consumerenergyreport.com — In an ongoing disagreement between the two countries, Russia has decided to play hardball after talks broke down over a contract renewal.More… (Business & Finance)
Google tells companies to drop Internet Explorer 6
tgdaily.com — The last bastion of IE6 hold-outs, corporate users, are being targeted by Google. Users of Gmail, including any companies using the services of Google Apps, are being advised to dump IE6 in favour of Chrome, Firefox or IE7.More… (Business & Finance)
Is the Euro the New Dollar?
time.com — The euro turns ten on Jan. 1, a milestone for one of the most powerful symbols of European identity. It's a remarkable achievement for a currency whose only global rival is the U.S. dollar. European Commission President José Manuel Barroso credits the euro for delivering lower inflation, "To put it simply, the euro works."More… (Business & Finance)
Top Dell executives leave as PC maker restructures
reuters.com — Two top executives at Dell Inc are leaving the No. 2 PC maker as part of a reorganization designed to boost sales as it struggles to regain share from bigger rival Hewlett-Packard Co. Dell said that marketing chief...More… (Business & Finance)
Survey: Oil May Lose Top Rank as Cheapest Energy
abcnews.go.com — Over the next 20 years, oil and natural gas will lose top ranking as the world's most affordable energy sources, according to a survey of energy executives released Wednesday. Deeper wells in more inhospitable places, both political and geological, have altered presumptions of doing business in the oil patch. More… (Business & Finance)
Dow Posts Worst Year Since 1931
online.wsj.com — The Dow gained 1.3% in 2008's final session, closing one of the stock market's worst years on a sunny note. Blue chips fell 34% for the year, the S&P 500 plummeted 39% and the Nasdaq was off 41%. Oil prices jumped.More… (Business & Finance)
Will oil prices recover after tanking in 2008?
telegraph.co.uk — The oil price gyrated wildly in 2008, hitting an all-time high above $147 a barrel on July 3 – followed by four-year lows. The big question now is: Where next?More… (Business & Finance)
10 Years of the Euro - Is it Fullfilling its Promise?
news.yahoo.com — Jan. 1, 1999 was the arrival of the euro, economists say the new currency is finally fulfilling its promise as a way to lower borrowing costs, ease trade and tourism, boost growth and strengthen the European community. Even amid a global financial crisis that underlines the safety in numbers that comes from one big currency.More… (Business & Finance)
Gas prices: Five-year low and falling!
money.cnn.com — Gas prices fell for the ninth consecutive day, according to a survey of credit card swipes at service stations across the nation released on Sunday. Prices are down 60% from the record high of $4.114 a gallon touched on July 17. More… (Business & Finance)
Dishonest Lenders Saddle Grads With Crushing Debt
latimes.com — Natalie Hickey picked up $140k in student debt, some of it at interest rates as high as 18%. Her monthly payments are roughly $1,700, more than her rent and car payment combined. Caught in an increasingly common trap in the nation's $85-billion student loan market, Hickey borrowed heavily, presuming that all her debt was part of the federal loansMore… (Business & Finance)
For stores, a very un-merry holiday season
money.cnn.com — The 2008 holiday sales season is one of the worst for retailers in decades, as consumers' concerns about the economy and job losses crushed the typical year-end shopping exuberance. 'I don't see any reason for retailers to be rejoicing at all," said Britt Beemer, chairman and founder of America's Research Group.More… (Business & Finance)
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