News In Brief

MID-DAY UPDATE: Bonds and bags of money

Katharine Crnko Oct 26, 2010

Today we learned about the U.S. Treasury, who for the first time ever is selling bonds with a negative rate of return. Translations? The investors paid to give the government money. Why? because the bonds are inflation protected.

The Environmental Protection Agency announced the winner of their energy contest today. University of North Carolina, who won the contest to see which commercial building can lose the most kilowatts, and become the most energy efficient.

This week we’re focusing on sustainably jobs. Today, we learned about the fishing industry, which is no longer sustainable. Fishermen are affected by fish harvesting, pollution and shrinking catches. Be sure to check out the accompanying slideshow.

BP is back in the news today. This time because of newly crowned CEO Bob Dudley, who told British leaders that the Gulf oil spill was blown out of proportion by the media. This is something his predecessor claimed as well.

Ford reported its sixth straight quarterly profit this morning. They also reported a 68 percent increase over the last quarter. The company announced that they intend to hire 1200 new employees, pending state approval of tax incentives.

Today is the start of the NBA season, and Bob Moon reported that some analysts suspect the players’ salaries.

Afghanistan’s President Hamid Karzai has admitted the country received bags of cash from Iran. The money, which Karzai is calling aid, went to maintain the Presidential Palace and to run his office. But can bags of money really be called aid?

Case Shiller announced today that the price of single family homes fell in August, and that only five out of 20 cities were up in this Index. Those cities included New York, Las Vegas and Detroit.

And finally, in today’s Globalist Quiz, we learned about America’s percentage of global oil reserves.

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