China tightened its monetary-policy screws by raising bank lending rates by 27 basis points, in a move that the central bank said is aimed at ensuring stable economic development (WSJ)
April 27, 2006 -- Sales of new homes soared in March, but the median price of the homes actually declined. The Commerce Department reported that sales of new single-family homes rose 13.8 percent last month to a seasonally adjusted annual rate of 1.213 million units. The median price of homes sold in March dropped to $224,200, down 2.2 percent from what homes were selling for in March 2005. (NY POST)
JERUSALEM (Reuters) - Iran has received a first shipment of missiles from North Korea that are capable of reaching Europe, Israel's military intelligence chief was quoted on Thursday as saying.
Since George Bush and Dick Cheney took over as president and vice president, gas prices have doubled!" charged Sen. Barbara Boxer (D-Calif.), standing at an Exxon station on Capitol Hill where regular unleaded hit $3.10. "They are too cozy with the oil industry. "She then hopped in a waiting Chrysler LHS (18 mpg) -- even though her Senate office was only a block away. (Washington post)
The Dow Jones industrial average ended up 71.24 points, or 0.63 percent, at 11,354.49, its highest close since January 19, 2000. The Standard & Poor's 500 Index closed up 3.67 points, or 0.28 percent, at 1,305.41. The Nasdaq Composite Index finished up 3.33 points, or 0.14 percent, at 2,333.63. (Reuters)
TEHRAN (Reuters) - Iran vowed on Wednesday to strike at U.S. interests worldwide if it is attacked by the United States, which is keeping military options open in case diplomacy fails to curb Tehran's nuclear program.
WASHINGTON -- As record oil prices turn attention to the need for renewable fuels, momentum is building in Congress to buck Senator Edward M. Kennedy's bid to block the proposed Cape Cod wind energy project, potentially reviving efforts to construct the sprawling windmill farm in Nantucket Sound.
Even as long ago as last summer, Iraqi business activity was accelerating. More than four in ten businesses had added employees since the 2003 invasion and 77 percent were anticipating growth in the national economy in 2006 and 2007, according to polling conducted by the Center for International Private Enterprise (CIPE) and Zogby International. Only 3 percent of businesses thought the economy would slow down. (CNS NEWS)
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