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News & UpdatesNovember 15, 2008 U.S. Senate to take up auto bailout on Monday  By: Reuters The U.S. Senate plans to take up a $25 billion bailout bill for distressed domestic automakers on Monday, but it remains unclear if proponents can muster the support necessary to pass the legislation. November 14, 2008 Paulson Urges Congress to Approve Automaker FundingBy: Bloomberg.com U.S. Treasury Secretary Henry Paulson urged Congress to come up with money to rescue U.S. automakers from the brink of bankruptcy, saying his $700 billion financial rescue plan isn't intended for manufacturers.
November 14, 2008 Stocks end sharply up, erasing three days of lossesBy: MarketWatch U.S. stocks raced higher Thursday as a downtrodden market in one crazed session nearly recouped three days of stiff losses, with the Dow Jones Industrial Average tallying its third-biggest point gain after wild swings in both... November 14, 2008 Setting the Record StraightBy: U.S. Treasury Ddepartment The story in the Washington Post ("Bailout Lacks Oversight Despite Billions Pledged" - 11/13/2008) leaves out critical steps taken by Treasury to ensure that there is strong oversight in place as the Emergency Economic... November 14, 2008 U.S. foreign trade slows sharply in SeptemberBy: MarketWatch The U.S. trade gap shrank to $56.5 billion in September as the exchange of goods and services with the rest of the world slowed sharply, offering further evidence of the global economic slump. November 14, 2008 Renewable energy may end up scarred, but strongerBy: International Herald Tribune Billionaire oilman T. Boone Pickens put his massive wind farm plans on hold in Texas. A Maryland solar plant project has been scrapped. And the second-largest U.S. ethanol company is under bankruptcy protection.
November 14, 2008 Oil guru points to substitutes keeping lid on energy pricesBy: The Globe and Mail - Canada Don't say Henry Groppe didn't tell you so. Almost a year ago, when oil prices were humming along at close to $100 (U.S.) a barrel, the 82-year-old dean of oil analysts warned his clients that the price was destined for $60 before... November 14, 2008 Bush defends capitalism on eve of economic summit By: Associated Press President George W. Bush fervently defended U.S.-style free enterprise Thursday as the cure for the world's financial chaos, not the cause. He warned foreign leaders ahead of a weekend summit not to crush global growth with... November 14, 2008 Smoking Rate Is Declining in U.S.By: WebMD The percentage of Americans who smoke cigarettes has fallen below 20% for the first time since at least the mid-1960s, according to a new report November 14, 2008 Oil Drops as Global Economic Slowdown Curbs Fuel ConsumptionBy: Bloomberg.com Crude oil fell, heading for a second weekly decline, as the global economic slowdown cut fuel demand in the largest energy-consuming countries.
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