World-News

"There are further declines ahead for the dollar,'' said Antje Praefcke, a Frankfurt-based currency strategist at Commerzbank AG, Germany's second-largest lender.

http://tinyurl.com/2a9uvd



World Bank warns of shift

STATE-backed sovereign wealth funds are likely to diversify their investments and move away from US dollar-denominated assets, a World Bank official says.

http://tinyurl.com/yufs6f



U.S consumer spending slows

U.S. consumers, jolted by a credit crisis, job cuts and soaring energy costs, turned in the weakest spending performance in 17 months in February, further evidence that the risks of a recession are increasing.

http://tinyurl.com/2735gu



Dr. Peter Morici: US Recession - Knocking down False Gods

The US recession is a wake up call. Americans need to confront some false gods--free trade, gas guzzlers and Wall Street.

http://www.finfacts.com/irishfinancenews/article_1013016.shtml


From Information Clearing House



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