Things are not looking good on the economic front. Stocks are falling daily, the price of oil is rising steadily and defaulting mortgages are driving many people from their homes, as well as causing financial distress to banks across the country.
Previous generations preparing to graduate from college in these kinds of economic conditions would be feeling pretty glum right now.
Gas Prices At Their Lowest Level In Nearly 5 Years
A new survey of gas prices shows the average price for a gallon of regular is now $1.75. Gas prices are at their lowest level in nearly five years, according to the Lundberg Survey. Gas is...
Fed paints dreary economic picture
Economic conditions deteriorated further across the nation, according to the Federal Reserve's latest snapshot, suggesting the U.S. central bank may continue to lower interest rates in the...
Saudi king says oil should be $75 per barrel (AP)
AP - Saudi Arabia's king says the price of oil should be $75 a barrel, much higher than it is now, but his oil minister indicated Saturday that no measures will likely be taken until OPEC...
Oil surges above $50 a barrel
The price of oil rose Monday as investors cheered the federal government's massive rescue package for banking giant Citigroup.
Global gloom depresses oil price
The price of oil drifts below $55 a barrel, amid increasing worries over falling demand and slowing global growth.
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