* Economic outlook: Bank inflation report due (Chris Flood, The Financial Times)
With UK interest rates now standing at a historic low of 1 per cent, both savers and borrowers are wondering if the Bank of England could follow the US Federal Reserve and Bank of Japan in cutting rates close to zero.
* Limiting fund risk can by risky, too (Seattle Times)
With their investment records in tatters, some mutual-fund companies are pinning their hopes on products with an old-fashioned ambition: delivering steady returns.
* Regular car inspections can help save you money (Chuck Mai, Daily Oklahoman)
OK, you may not be facing a $600 million budget shortfall like the state of Oklahoma , but youre still watching your pennies and, hopefully, performing regular vehicle maintenance.
* BP raises pressure on key suppliers (Ed Crooks, The Financial Times)
BP is setting up meetings with suppliers in the US, Britain and other countries to push for cuts in costs to reflect the fall in the price of oil.
* David Ignatius: Psychological insights foretell financial trends, if we only listen (David Ignatius, Washington Post Writers Group)
What allowed some people to see the financial crash coming while so many others missed its gathering force? I put that question recently to Nouriel Roubini, who has come to be known as “Dr. Doom” because of his insistent warnings starting in 2006 that we were heading into a global firestorm.
* Inflation tax (Scott Ploof, Daily Star)
While many conservatives fail to acknowledge the fact that there is a growing gap between the rich and the poor, members of the political left claim that the poor are getting poorer and the rich are getting rich due to mishandled and failed fiscal policies such as the tax cuts that have rewarded the wealthy.
* 1970 Chevy C10 – Habanero (Bob Ryder, Truckin’)
For those of you that don’t know what a habanero chile is, it’s a pepper that is 100 times hotter than a Jalapeno. After trying Habanero peppers at a Mexican restaurant, Terry Roberson and his wife Ann from Forney, Texas, were so impressed while scorching their taste buds and sweating brows, they named their red-hot ’70 Chevy C10 “HABANFO”. Terry was a repo man for some 28 years and the profess…
* Arguing for stimulus plan, Obama’s advisers warn of deflation (Kevin G. Hall, Kansas City Star)
WASHINGTON | Failure to pass economic stimulus legislation could plunge the country into a deflationary spiral from which it would be difficult to emerge, two White House economic advisers said Sunday.The warnings by Christina Romer, the head of the White House Council of Economic Advisers, and Lawrence Summers, President Barack Obama’s chief economic adviser, came as the Obama adm…
* Rewolucja: 20 Years Later (The Crimson)
On this day two decades ago, Polish patriots took on the world�s largest army and succeeded beyond their wildest dreams, eventually toppling the Communist regime in Warsaw. They achieved this feat not through violent revolution, but through a series of negotiations that became famous as the Round Table talks. The defeat of Communism in Poland�which was soon followed by its total collapse in…
* Hunting for money (The Houstonian)
With the economy in a downturn, students are feeling the mounting pressure of paying for college in addition to everything else.