OPEC hears calls for deep output cuts at Dec summit
OPEC officials consider a severe production reduction with potential cuts up to 2 million barrels per day as markets brace for a decisive move at the December 17 meeting. Oil prices linger near a four year low around 40.81 a barrel amid volatile demand and past highs above 140.
MENTIONED IN THIS ARTICLE
Algiers
Algeria
OPEC
Khelil
End of an era on Wall Street as banks retreat
A dramatic shift reshapes finance with Bear Stearns sold to JPMorgan Chase, Lehman Brothers bankruptcy, Goldman Sachs and Morgan Stanley converting to banks, Merrill Lynch sold to Bank of America, and Citigroup weakening. New York faces permanent damage while London and other centers rise. 2007 NY trading value dwarfs London yet UK capital markets gain ground. The meltdown imperils city tax revenue as finance jobs and income shrink.
MENTIONED IN THIS ARTICLE
Wall Street
Ron Chernow
New York
Bear Stearns
Jpmorgan Chase
Lehman Brothers
U.S
Barclays PLC
Goldman
NYSE
London
World Federation
The
Exchange Federation
Obama seeks massive public works plan to revive economy
President elect Barack Obama outlines a far reaching public works program aimed at job creation and infrastructure upgrading, pledging investments rather than spending. He envisions millions of jobs through energy efficient public buildings and roads, with a large federal role and state funding conditions.
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Chicago
Barack Obama
Obama
Congress
America
Federal Highway Administration
Dwight Eisenhower
Cop linked to Mumbai attacks arrested in Calcutta
Two Indian men were arrested for illegally buying SIM cards used by the Mumbai gunmen. One suspect is Mukhtar Ahmed a counterinsurgency officer possibly on an undercover mission. The arrests followed Mumbai’s siege ending and raised questions about security forces.
MENTIONED IN THIS ARTICLE
Srinagar
India
Mumbai
Calcutta
Pakistan
Mukhtar Ahmed
Lashkar-e-Taiba
Kashmir
Ahmed
Tauseef Rahman
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American Academy of Pediatrics
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