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Global Recession 2011: It's Real, and It's Going to Hurt

Greece must shrink state to avoid default: lenders
Let's face the mounting facts and just say it in plain language: The world is slipping into Global Recession 2011 and governments don't have the gunpowder to ward it off. The U.S. economy is barely growing at all. Companies aren't hiring. The federal budget deficit is above $14.5 trillion. Companies are stockpiling cash because, as Ford CEO Alan Mulally said in a press conference this week, because the consumer has pulled back.
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220 kg gold block

Gold to Clear $2,000 in 2012 as Rally Cools: Poll

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
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Gold to Top $2,000 Next Year - LBMA Conference Participants

Gold's rally will extend beyond $2,000 an ounce in the next year, but won't match the torrid record-breaking climb of the last 12 months, according to gold investors and analysts attending the London Bullion Market Association's (LBMA) annual conference.
U.S. Gas Prices

Gas Prices: Finally, Some Relief at the Pump for U.S. Motorists

Finally, there's some good news for U.S. motorists. Gas prices, down about 10 cents per gallon in the past month to an average of $3.60 per gallon for regular unleaded, are likely to continue to decline, assuming no oil disruptions from major oil producers or a large storm in the Gulf of Mexico.
Mahmoud Jibril

Libyans fail to agree new government

Libya's interim leaders failed to agree a new cabinet on Sunday and the forces that forced Muammar Gaddafi from power remained bogged down in fighting with troops loyal to the former ruler.
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Hurricane Maria nears Newfoundland, oil unaffected

Operations at oil rigs off Canada's Atlantic Coast are unlikely to be hurt by Hurricane Maria, which may tear down trees and cut power in the southeastern tip of Newfoundland later on Friday, officials said.
U.S. Energy

Natural Gas: Can It Displace Oil in the U.S.?

The energy-thirsty United States is on the hunt for a game-changing energy source or energy usage technology -- and batteries and fuel cells are strong candidates. But their mass use could be 20 years away. Meanwhile, a conventional source may bridge that gap, or provide even more upside: natural gas.

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