The U.S. and the International Energy Agency announced today that they plan to release 60 million barrels of crude oil from reserves over the next 30 days. Adolfo Laurenti, deputy chief economist with Mesirow Financial, explains.
The Swedish carmaker has said it can no longer pay its employees because it hasn't secured short-term funding for its business. Jay Nagley, managing director of the consultant firm Redspy Automotive, says the company may not be around much longer.
On Australia's popular beaches, the word "lifeguard" is everywhere -- on t-shirts, swimsuits, and actual lifesaving equipment -- and now a group of lifeguards says it controls the trademark rights to the word.
Economists often analyze Federal Reserve Chairman Ben Bernanke's language at press conferences, looking for insights into state of the economy. And at yesterday's press conference, the chairman's tone was more downbeat than usual.
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