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Kaufman warns of commodities bubble
Published on 17 Dec, 2009 at 17:28 in Money | Viewed 123 views times | No Comments
A bubble has formed in commodities as “speculative fervor” returns to markets after the global financial crisis, veteran Wall Street economist Henry Kaufman said on Monday. “There are bubbles in commodities,” and probably in the gold market as well, said Kaufman, president of financial consulting firm Henry Kaufman & Co Inc in New York. He
Consumer borrowing falls for 9th straight month
Published on 17 Dec, 2009 at 17:27 in Money | Viewed 112 views times | No Comments
The Federal Reserve says consumers borrowed less for a record ninth straight month in October. It was another sign that consumer spending will remain weak, making it harder for the economy to mount a sustained rebound. The Fed says consumer credit fell at an annual rate of $3.5 billion in October, although that’s significantly lower
Bernanke: too early to declare lasting recovery
Published on 17 Dec, 2009 at 17:26 in Money | Viewed 140 views times | No Comments
Despite some economic improvements, Federal Reserve Chairman Ben Bernanke warned Monday it’s still too soon to declare that the budding recovery will last. “We still have some way to go before we can be assured that the recovery will be self sustaining,” Bernanke said in remarks to the Economic Club of Washington. The Fed chief
Swine Flu Can Batter Kids With Sickle Cell
Published on 17 Dec, 2009 at 17:25 in Health | Viewed 97 views times | No Comments
Swine flu is more likely than seasonal flu to cause life-threatening complications in children with sickle cell disease, a new study has found. Johns Hopkins Children’s Center researchers analyzed the medical records of 118 children with sickle cell disease treated for any kind of flu between September 1993 and November 2009. Of those patients, 28
Glaxo’s swine flu shot may give kids fever
Published on 17 Dec, 2009 at 17:24 in Health | Viewed 90 views times | No Comments
The European Medicines Agency warns that young children given GlaxoSmithKline’s swine flu shot may get a fever after their second dose. In a statement issued Friday, the European drug regulator said data from GlaxoSmithKline PLC showed a higher number of children aged six months to 3 years had a fever after their second dose of
EPA: Greenhouse gases endanger human health
Published on 17 Dec, 2009 at 17:23 in Health | Viewed 97 views times | No Comments
The Environmental Protection Agency took a major step Monday toward regulating greenhouses gases, concluding that climate changing pollution threatens the public health and the environment. The announcement came as the Obama administration looked to boost its arguments at an international climate conference that the United States is aggressively taking actions to combat global warming, even
Weezer cancels tour after bus crash in upstate NY
Published on 17 Dec, 2009 at 17:22 in Entertainment | Viewed 96 views times | No Comments
Weezer has canceled the rest of its December tour after the lead singer was injured in a bus crash in New York. Rivers Cuomo and band assistant Sarah Kim suffered minor injuries when the group’s tour bus skidded on ice, struck a guide rail and slid into a ditch Sunday morning. Cuomo and Kim were
Diane Sawyer says this is her last week on ‘GMA’
Published on 17 Dec, 2009 at 17:21 in Entertainment | Viewed 154 views times | No Comments
Diane Sawyer says this week is her last as co-anchor of ABC’s “Good Morning America” as she prepares to replace Charles Gibson on the network’s “World News.” Gibson is retiring. His last broadcast as anchor on “World News” will be Dec. 18. Sawyer starts Dec. 21. The 63-year-old Sawyer has been on “GMA” for 10
Al Pacino set to play Shylock in NY’s Central Park
Published on 17 Dec, 2009 at 17:20 in Entertainment | Viewed 100 views times | No Comments
Al Pacino meets William Shakespeare next summer in New York City’s Central Park. The 69-year-old Pacino will portray Shylock in “The Merchant of Venice,” one of two offerings by the Public Theater’s 2010 Shakespeare in the Park series, running June 9-Aug. 1. Artist director Oskar Eustis (YOO’-stihs) says the series will also include “The Winter’s
SEC accuses 3 ex-New Century execs of fraud
Published on 17 Dec, 2009 at 17:19 in Business | Viewed 126 views times | No Comments
Federal regulators on Monday accused three former top executives of collapsed mortgage lender New Century Financial Corp. of fraud, saying they misled investors as the company’s subprime loan business was failing in 2006. In a case stemming from the mortgage market meltdown, the Securities and Exchange Commission filed a lawsuit seeking injunctions, and unspecified civil