U.S. Trade Deficit Falls 28.7%
The U.S. trade deficit dropped by 28.7 percent for the month of November to $40.4 billion compared to October’s deficit of $56.7 billion. The decrease was more than expected and is at its lowest level since November 2003. More
Bernanke Claims Obama’s Fiscal Could Boost Economy
U.S. Federal Reserve Chairman Ben Bernanke said this morning that the stimulus package suggested by President-elect Barack Obama could provide a “significant boost” to America’s struggling economy. More
Russian Gas Saga Continues
It appeared yesterday that an agreement had been reached to allow gas to flow through the Ukraine pipeline to destinations in eastern Europe; however, this morning Russian gas company Gazprom claimed that the Ukraine has “blocked” gas bound for Europe scuttling any chance for an end to the ongoing disagreement. More
Corporate Bankruptcies Increase Almost 25% in Japan
A total of 33 publicly-traded firms in Japan filed for bankruptcy in 2008. The represents a 24.7 percent increase over last year and is the highest rate of corporate failure in the post-war period. More
