UNITED STATES

Fed's QE2 had limited spillover effects, IMF says

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The U.S. Federal Reserve's much criticized bond buying spree had only mild side-effects on other economies but the process of tightening monetary policy eventually may reverberate more harshly, an IMF report said on Monday.

'Thanks to Fed?s War on Dollar, Gold will Reach $2K an Ounce This Year'

Gold bars are pictured
Another impasse at the U.S. debt ceiling talks caused gold to touch new highs on Monday. Spot gold rose to a record $1,622.49 per ounce, an increase of 1.1 percent, as investors became nervous about the possibility of a U.S. rating downgrade. There are analysts who believe that irrespective of whether there will be a debt deal in the U.S. or not, gold will continue to rise higher, basically because of the residual weakness of the dollar.
Traders work on the floor of the New York Stock Exchange

Futures slump as debt talks result in no deal

U.S. stock index futures fell sharply on Sunday as failure so far by the government to strike a deal on the debt ceiling made the prospect of default -- once considered an impossible outcome -- more likely.
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UAW, Chrysler Begin Contract Talks

UAW Contract Talks Begin: Will Union Get Previous Concessions Back?

The UAW has started contract talks with Chrysler. The labor union says it wants some previous concessions back. But management at Detroit's Big Three wants to avoid costly mistakes of the past. The companies want to reduce labor costs rather than give wage increases.
Larger Retirement Funds

Assuming a U.S. Default, Where Should You Put Your Money?

For most Americans, talk of a U.S. Government default is a little complex. What the American people really want to know is, assuming the U.S.Government defaults, where should one consider putting a portion of their money? Glad you asked.
Traders work on the floor of the New York Stock Exchange

Stocks Fall, from Debt Ceiling Stalemate

Stocks tumbled on Monday as political brinkmanship in Washington over the debt ceiling sparked fears of a U.S. rating downgrade, sending world equities lower and pushing gold to a record high.
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Stocks Fall as Debt Talks Stall

Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.
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Airlines raise fares to scoop up tax lapse

Many airlines raised fares in recent days to take advantage of a lapse in ticket tax collection after Congress failed last week to fully fund the Federal Aviation Administration budget, but passengers will likely not notice any price difference.
Dr. Stephen Friedman (R) vaccinates his colleague Dr. Don Weiss

Chicken Pox Eradicated, is There Such Hope for HIV/AIDS?

According to a recent study, between 2002 and 2007, the annual average number of chickenpox deaths was the lowest ever reported, with 14 deaths recorded in 2007 and just 13 the year prior, due to a particular vaccine. Chickenpox led to about 105 deaths a year during the pre-vaccine years of 1990 to 1994, researchers say.
International Monetary Fund

IMF Calls on U.S. to Raise Debt Ceiling

The International Monetary Fund Monday underscored the need for Congressional Democrats and Republicans to get their act together: it said the U.S. must raise its debt ceiling quickly, and get its debt under control, for the good of the global economy
The Brazilian exotic fruit papaya,

FDA Warning: Mexican Papayas Recalled, Linked to Salmonella Poisoning

U.S. health regulators on Monday warned people not to eat Mexican-grown papayas from Texas distributor Agromod Produce Inc., as they investigate a possible link to a salmonella outbreak in 23 states. So far, the outbreak of Salmonella Agona has resulted in 97 reported cases of illness, ten of which involved individuals being hospitalized, across the country, the U.S. Food and Drug Administration said.
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Wall St declines as debt talks stall

Stocks fell on Monday as continued political sparring in Washington over the debt ceiling heightened worries of a U.S. rating downgrade, sending world equities lower.

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