http://www.government-mortgage-relief.com: Apr 20, 2011

Wednesday, April 20, 2011

U.S. economy: Booming or Tanking? --April-20-2011--

U.S. economy:
Booming or tanking?
April-20-2011--
Stocks soar, but leave the rest of the economy behind.

CNN's Richard Quest discusses the schizophrenic U.S. economy.
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What became of the oil from the BP spill? --April-20-2011--

What became of the oil from the BP spill?
April-20-2011--
The BP oil spill leaked over 200 million gallons of oil in to Gulf of Mexico.
With the one-year anniversary of the disaster approaching,
questions remain about what became of it all.

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Economics of Dependence on Foreign Oil - Rising Gasoline Prices

Price of petroleum »
Oil rallies nearly $3 a barrel
April-20-2011--NEW YORK -- Oil prices jumped more than $3 Wednesday,
to above $111 a barrel, as the dollar weakened and a government report said US crude supplies fell last week.

After powering above $100 a barrel earlier this year,

oil prices have been trading at the highest levels since 2008.
A weaker dollar tends to support prices for crude oil and other commodities that are priced in the U.S. currency.
The dollar has come under pressure recently as central banks in Europe and Asia have increased interest rates, while the Federal Reserve is expected to maintain its easy money policies for some time.

Oil ends above $111, best in nearly two weeks.

Unreliable Data Further Roil Oil Markets

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France joins UK in sending military officers to Libya

Muammar al-Gaddafi »
Libya rebels to get $25m of US military equipment under Pentagon proposal
April-20-2011--Libyan rebels prime a rocket launcher in Benghazi.
The US plans to send military equipment worth $25m to forces trying to topple Gaddafi.

The proposal to send surplus Pentagon equipment, including vehicles, medical supplies, protective vests, binoculars and radios, follows Italy's decision to join Britain and France in sending military advisers to the Libyan opposition and a French pledge to intensify air strikes.

The Libyan government has warned that such moves will further prolong the conflict

and "encourage the other side to be more defiant".

Video: France joins UK in sending military officers to Libya

France, Italy to Send Military Advisers to Help Libyan Rebels

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Peter Schiff Death Of The Dollar, Hyperinflation,Insure & Protect Your Money.

Gold Ends Shy Of $1500;

Silver Ends Off $45
April-20-2011--Gold futures extended their record-breaking rally Wednesday.
Gold Rises Above $1500 to Record on Weaker Dollar, Inflation
Investors tend to favor gold as a hedge against currency volatility and a store of value due to the metal's historic role as a currency alternative. Gold also drew support from higher crude oil prices, which stoked fears of higher inflation.
Crude oil rallied to a high of $111.66 a barrel after the Department of Energy reported a surprise drawdown in U.S. crude inventories. Gold settles at record for fourth straight time
Silver futures followed gold higher, with the most-active May delivery contract setting a fresh record at $45.400 per troy ounce, far outpacing the 1980 high of $41.50.
The contract settled at a record $44.461 per troy ounce.
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