NEW ORLEANS, Louisiana - Desperate to avoid a repeat of the 2005 Katrina catastrophe, residents of New Orleans evacuated their city on Sunday as a new hurricane hailed as ‘the mother of all storms’ threatened the disaster-scarred metropolis.
Monthly Archive for August, 2008
British Pound fell to 1.8190
The pound also headed for the biggest monthly drop in almost 16 years versus the dollar after London-based research group GfK NOP said a confidence Index based on a survey of 2,001 people rose 3 points from July’s minus 39, which was the weakest since the data began in 1974. Gilts pared earlier gains that pushed the yield on the 10-year bond to near the lowest level since April.
Inflation has been eating into spending power, says well known economist in Lexington Massachusetts. Rising unemployment,soaring food and fuel prices, falling home values are the major concerns.
U.S.A Markets are closed on Monday. Speculators says the volume of Gold trading will be thin. Gold was high as US $ 837.50 an ounce in early morningtrading in Newyork.
US Economy Expanded at 3.3 percent in 2nd quarter.Economy was helped by increase in Exports and decline in inventries.