Reserve Articles
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161. Senate says halt oil shipments to gov't reserve
The Senate is directing President Bush to temporarily halt the shipment of thousands of barrels of oil a day to the government's emergency reserve. Both Democrats and Republicans said such shipments make no sense when oil is costing more than $120 a barrel and could better be used to add supplies to a tight market and possibly lower prices. Senators voted 97-1 Tuesday to suspend the shipments until the end of the year.
13 May 2008
162. Ben Bernanke, Federal Reserve Chairman
Thomson Financial News - "Turmoil in financial markets has eased somewhat, but the situation is still far from normal."
13 May 2008
163. Effect of quake on panda preserve still unknown
The fate of the world's most famous panda preserve remained unknown Tuesday, more than a day after a devastating earthquake isolated the remote, mountainous area from the rest of the world.
13 May 2008
164. Sandra Pianalto, Federal Reserve Bank of Cleveland President
Thomson Financial News - "While even the core price measures in the United States are rising somewhat faster than I would prefer, and inflation presents a key risk to my outlook, I believe that the Federal Reserve's policy strategy remains compatible with a low and stable inflation rate."
13 May 2008
165. Charles Evans, president and chief executive officer of the Federal Reserve Bank of Chicago
Thomson Financial News - "We think conditions will improve in the second half of this year, but not enough to prevent economic activity from still running at a relatively sluggish pace. We expect real GDP growth will return close to potential as we move through 2009."
13 May 2008
166. Lawmakers want to end oil shipments to US reserve
Amid daily bipartisan sniping over high gas prices, Democrats and Republicans appear to agree on at least one thing: With oil over $120 a barrel, President Bush ought to stop buying crude for the government emergency reserve.
13 May 2008
167. China's Xinjiang Coal Reserves adds 18.98 billion tons
China's Xinjiang Land and Resources Office said today that the province discovered new natural resources, among which, coal reserves totaled 18.98 billion tons.
07 May 2008
168. Randall Kroszner, Federal Reserve Governor
Thomson Financial News - "High loan-to-value ratios at origination, combined with stagnant and eventually declining home prices, are a key aspect of the recent rise in delinquencies and foreclosures."
07 May 2008
169. Cambodia raises bank reserve requirement
The Cambodian government has decided to double the private bank reserve requirement in a bid to reduce cash flow in the economy and tame inflation, a Finance Ministry official said Wednesday.
07 May 2008
170. Chinese grain reserves safe
China, having the biggest population in the world, has sufficient grain reserves, helping keep the price of grain stable despite global market surging, China officials said.
06 May 2008
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