Stories for October 5th 2006
Fed warns about US inflation and housing slowdown
Federal Reserve chairman Ben Bernanke said Wednesday inflation in United Sates is still too high and anticipated a substantial correction in the housing market.
Open societies and the former Soviet Union example
The collapse of a closed system (or a totalitarian regime) does not automatically lead to an open society,” George Soros, the internationally renowned investor and philanthropist told an international audience at the Organization of American States (OAS) meeting Wednesday in Managua.
Nicaragua announces plan for Pacific/Caribbean waterway
Nicaragua announced Wednesday plans to build a waterway linking the Pacific and Atlantic that would carry bigger ships than the existing Panama Canal.
ECB ups basic rate to 3.25%, highest in five years
The European Central Bank increased on Thursday the basic interest rate of the Euro zone by 25 points to 3.25%, the highest in five years. This was the fifth time rates have been increased since last December.
Bolivian miners clash with dynamite: 12 dead
At least 12 people were killed and 57 seriously injured in Bolivia during an ongoing battle between different groups of miners for the control of a government owned tin mine in the region of Oruro.
