Thursday, 19 November 2009


Hungry America: food insecurity, state by state: A new report from the US Department of Agriculture highlights the millions of Americans suffering from food insecurity. Find out how they compare from state to state.

Gold hits record above $1,150/oz as dollar falls: Gold rose to record highs above $1,150 an ounce on Wednesday as the dollar index languished, boosting interest in the metal as an alternative asset, after largely benign U.S. inflation data.

Falling U.S. Dollar: It's Lack of Demand, Not Rising Supply, Pharo's Dow Says: Standing by his thesis, Dow adds the shrinking dollar instead reflects a drop in money demand as the world deleverages and diversifies.

'Basket' should replace U.S. dollar as reserve currency, IMF says: The imperative of greater global currency stability means the world can no longer rely, as it has done since the end of the gold standard, on a currency issued by a single country, the head of the IMF said on Tuesday.

Did Geithner & Co cave in to the banks?: The report accuses treasury secretary Tim Geithner - at the time head of the New York branch of the US Federal Reserve - and his colleagues in the federal government of failing to negotiate discounted settlements with the banks.

National Debt Now Tops $12 Trillion: It's another record-high for the U.S. National Debt which today topped the $12-trillion mark. Divided evenly among the U.S. population, it amounts to $38,974.34 for every man, woman and child.

More than $98 billion in improper gov't payments: More than $98 billion in taxpayer dollars spent by government agencies was wasted

Mortgage delinquencies hit another record in 3Q: For the three months ended Sept. 30, 6.25 percent of U.S. mortgage loans were 60 or more days past due, according to credit reporting agency TransUnion. That's up 58 percent from 3.96 percent a year ago.

Home-Purchase Mortgage Filings Plummet -MBA: The volume of mortgage applications filed to purchase homes last week hit the lowest level in nearly nine years, the Mortgage Bankers Association reported Thursday.

U.S. Home Construction Dropped 10.6 Percent in October: Construction of new homes unexpectedly plunged last month, as builders waited to see whether lawmakers would extend a tax credit for homebuyers.

Global temperature 'to rise by 6C': Scientists have warned that global temperatures could rise by six degrees Celsius by the end of the century, four degrees higher than previously predicted and at a level that could wipe out species and cause widespread natural disasters.

Poor women 'bear climate burden': Women in developing countries will be the most vulnerable to climate change, a report from the United Nations Population Fund (UNFPA) has warned.