http://www.government-mortgage-relief.com: Apr 21, 2011

Thursday, April 21, 2011

Obama: New Task Force Will Examine Gas Prices

Obama talks deficit voters gas prices

April-21-2011--Obama has touched on the issue of gas prices at each stop on the West Coast.
President Barack Obama’s attempt to sell his deficit-cutting plan is slowly being crowded out by another more pressing issue:
rising gasoline prices.
On a two-day trip through Nevada and California, Obama has devoted more and more of his time to address fears that many Americans could soon pay $5 a gallon — a prospect that holds significant peril for the White House and his reelection chances if it halts the nascent economic recovery
“We are going to make sure that no one is taking advantage of the American people for their own short-term gain,”

Obama said at ElectraTherm, a small renewable-energy company.
Obama: New Task Force Will Examine Gas Prices
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Gulf Residents Reflect on Year-Old Oil Disaster

DOJ:

BP Agrees To Provide $1B
For Gulf Restoration Projects
April-21-2011--WASHINGTON --BP Plc has agreed to provide $1 billion to help restore wildlife and habitats in the Gulf of Mexico as part of an agreement with the US and Gulf Coast state governments, the Justice Department said Thursday. This agreement, billed as the largest of its kind, falls on the heels of the one-year anniversary of the explosion of the Deepwater Horizon rig and the subsequent oil spill.
The $1 billion agreement that BP struck with the federal and state governments--collectively known as the Natural Resource Trustees for the Deepwater Horizon oil spill--doesn't release BP from liability for any other natural resource damages.
The trustees will use the money to rebuild coastal marshes and replenish damaged beaches, among other projects.
Video: Gulf Residents Reflect on Year-Old Oil Disaster
BP oil spill 'blame game' starts with $40bn lawsuit
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"Special Drawing Rights" to replace U.S. Dollar after the collapse

FOREX-
US dollar tumbles broadly;
all-time index low in sight
April-21-2011--NEW YORK--The dollar fell broadly for a third straight day on Thursday as record low interest rates and the crushing weight of the US budget deficit pushed it closer to an all-time trough against major currencies. The dollar's slide accelerated days after Standard & Poor's slapped a negative outlook on the United States' top AAA credit rating. The agency said a downgrade was possible if authorities can't slash the massive U.S. budget deficit within two years.
That prompted investors, from fund managers to foreign central banks that hold trillions of dollars in assets, to opt for anything but the U.S. currency.
"The combination of loose monetary policy and chaos on the fiscal front has people very worried,"
"That fear is being reflected in the dollar.
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