A weak US dollar has sent investors to oil, pushing up crude prices over the past few months. That means higher gasoline prices this Thanksgiving.
Spending on Afghan war could be putting the dollar in increasingly perilous position
Copper, aluminum, plastic, and other materials are getting more costly. So if you’re going to remodel or build an addition, now might be a good time to do it.
TOKYO, JAPAN: Tokyo knocked last year's most expensive city, Moscow, off the top of the chart, according to an annual Cost of Living Survey by Mercer, an international consulting firm. The survey covers 143 cities across six continents and measures the comparative cost of over 200 items in each location, including housing, transport, food, clothing, household goods, and entertainment. Mercer claims this is the world's most comprehensive cost of living survey and is used to help multinational companies and governments determine compensation allowance for their expatriate employees. The survey, conducted in March, uses New York as the base city for the index, with currency moves measured against the dollar. Here, a light display is relfected on a window of a skyscraper as the Tokyo Bay area can be seen in the background from a viewing deck of the Tokyo Tower.
The special inspector general for the government’s financial rescue program told Congress Wednesday that the ongoing bonus quandary was 'a mess.'
American consumers can no longer borrow madly to buy so many goods from abroad. Shoppers in emerging nations must be the next engine of growth, some argue.
A report that top oil producing nations wanted to get paid in currencies other than the dollar made Wall Street skittish Tuesday.