US Wholesale Prices Fall 2.8%
US wholesale prices – as measured by the Producer Price Index – fell by 2.8 percent setting a record for a single-month drop since the statistics were first tracked more than sixty years ago. More
UK Inflation Drops
As the British economy contracts, inflation continues to fall with October core inflation (adjusted to exclude volatile energy and food costs, tumbling to 1.9 percent from 2.2 percent. More
Debate Continues Over US Auto Sector Bailout
Debate over a $25 billion rescue plan for US auto manufacturers rages on while Detroit’s “Big Three” automakers – Chrysler, Ford, and General Motors – continue to struggle to remain solvent. With 250,000 direct jobs and an estimated four million industry-related positions at stake, politicians argue over where the money should come from and what conditions must be included as part of the plan. More
See also – Ford sells part of its stake in Mazda to generate much-needed operating capital.
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