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Tuesday, February 27, 2007
in the news
Feb. 27 (Bloomberg) -- China's stocks tumbled the most in 10 years on concern that a government crackdown on investments with borrowed money will end a rally that drove benchmarks to records.
.Feb. 26 (Bloomberg) -- The professionals most familiar with the so-called oil shortage know there's an estimated 3 trillion barrels under land and sea. That's why they're making their biggest bets in drilling rigs where the scarcity is no illusion.
Feb. 26 (Bloomberg) -- The smartest money in global warming stocks may be scurrying to the exit just when the enthusiasm for alternative-energy companies is at an all-time high.
CARACAS, Venezuela (AP) - President Hugo Chavez ordered by decree on Monday the takeover of oil projects run by foreign oil companies in Venezuela's Orinoco River region.
BAGHDAD, Iraq (AP) -- U.S. officers said Monday they had discovered a factory for assembling sophisticated roadside bombs from Iranian-made components _ the first such facility uncovered in a religiously mixed province north of Baghdad.
“When you get this far away from a recession invariably forces build up for the next recession, and indeed we are beginning to see that sign," Greenspan said via satellite link to a business conference in Hong Kong. "For example in the U.S., profit margins ... have begun to stabilize, which is an early sign we are in the later stages of a cycle." Former FED Chair Alan Greenspan
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