World-News

The dollar fell to a new all-time low against the euro Monday after a weekend meeting of the Group of Seven finance ministers ended without a clear statement about weakness in the U.S. currency.

http://biz.yahoo.com/ap/071022/dollar.html?.v=2



Fear of global slowdown as oil price soars

Opec under fire as US crude nears $100 a barrel
http://observer.guardian.co.uk/business/story/0,,2195697,00.html



IMF warns of decline in global economy

Stock markets around the world were braced for fresh falls today despite attempts by the G7 leading industrial nations and the International Monetary Fund to boost confidence after Friday's plunge in share prices on Wall Street.

http://www.guardian.co.uk/imf/story/0,,2196604,00.html



US subprime crisis "an accident waiting to happen": Greenspan

"Credit spreads across all global asset classes had become compressed to clearly unsustainable levels," Greenspan told an audience at the World Bank's International Finance Corporation.

http://www.afp.com/english/news/stories/071021230406.ugwgbk5m.html



Southern California to ration water next year

Farmers will see supply cut by a third; homeowners to see price hikes in '09.
http://www.msnbc.msn.com/id/21246419


From Information Clearing House