Archive for November 27th, 2009

Bernanke-audit would hurt economic prospects (Reuters)

Federal Reserve Chairman Ben Bernanke said on Friday congressional proposals to audit the Fed and strip it of regulatory powers as part of post-crisis reforms could damage prospects for economic recovery and financial stability going forward.

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In Greenland, warming fuels dream of hidden wealth (AP)

Gert Ignatiussen returns to this fjord-front Inuit town with the spoils of his hunting trip. Six seals, all killed with a single shot to the head.

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Jobs data eyed, but Dubai is the wild card (Reuters)

Dubai, jobs data, Black Friday results and a chance for Congress to throw fireballs at Fed chief Ben Bernanke: The U.S. stock market’s path to glory is fraught with peril next week.

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Dubai debt problems cast shadow over region (AP)

For years, Dubai seemed unstoppable, an oasis of excess boasting indoor ski slopes and manmade islands, the world’s tallest tower and dreams that reached even higher.

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Economy – Friday (Investor’s Business Daily)

U.K. economy has bottomed out

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Fed lending for emergency bank loans rises a bit (AP)

Banks borrowed slightly more from the Federal Reserve’s emergency lending program over the past week. The Fed said Friday that commercial banks averaged $19.9 billion in daily borrowing over the week that ended Wednesday.

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Signs of life in stores as holiday shopping begins (AP)

The nation’s shoppers took advantage of deals on toys and TVs with some renewed vigor in stores and online on Black Friday after a year of concentrating their spending on basic necessities.

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Black Friday sales seen strong, but will it last? (Reuters)

U.S. consumers turned out in strong numbers to hunt for holiday bargains on Black Friday, though many said they were spending selectively and industry executives questioned whether the momentum would last.

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Aerial-gunning foes ask Obama to ban practice (AP)

A wildlife advocacy group Friday asked President Barack Obama to end aerial gunning of coyotes and other predators, citing an Idaho incident where a shotgun-wielding parachutist illegally fired on a wolf.

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RI House holds forum on dire state economy (AP)

Nearly three years after jobs started vanishing in Rhode Island at an alarming pace, House lawmakers will gather Tuesday for their first forum on one of the worst recessions since the Great Depression.

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