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Relax The Back
Global News Watch
Date Link Article
May 27, 2008 Oil crisis triggers fevered scramble for the world's seabed
Telegraph (UK)
A fevered scramble for control of the world's seabed is going on - mostly in secret - at a little known office of the United Nations in New York.
May 27, 2008 Germany in call for ban on oil speculation
Telegraph (UK)
German leaders are to propose a worldwide ban on oil trading by speculators, blaming the latest spike in crude prices on manipulation by hedge funds.
May 27, 2008 Battle shapes up over Arctic seabed and its oil
Worldnet Daily
A battle over the 460,000 square miles of Arctic Ocean seabed, and the estimated one-quarter of the Earth's oil reserves it is thought to hold, is shaping up for this week's Arctic Ocean Summit.
May 26, 2008 Why Bush vetoed Farm bill: WTO doesn't like it
Reuters
Several countries at the World Trade Organization (WTO) criticized the new U.S. farm bill on Monday for raising farm support when the WTO is trying to reach a deal to cut agricultural subsidies.
May 24, 2008 South-American presidents sign UNASUR treaty
People's Daily Online
Presidents of 12 South-American countries signed in Brasilia Friday morning the treaty to set up the South-American Union of Nations (UNASUR).
May 23, 2008 UnaSur, the South America Union, Is Born Today in Brazil
Miscellaneous
Leaders of South America are scheduled to meet this Friday, May 23, in Brazil for a summit. During the encounter the visiting heads of government and host Brazilian President Luiz Inácio Lula da Silva will be signing the legal framework of the charter for the Union of South American Nations, UnaSur.
May 22, 2008 Home price drop largest ever
MSNBC
A home-price index considered to be the most comprehensive reading of the U.S. market posted the sharpest decline in its 17-year history, and analysts say housing has yet to bottom out.
May 22, 2008 US Home prices post record decline
CNNMoney
The prices of homes sold in the first quarter of 2008 posted a record decline, according to a new report from the Office of Federal Housing Enterprise Oversight.
May 21, 2008 Prediction: $12-$15 per gallon gas?
Miscellaneous
t may be the mother of all doom and gloom gas price predictions: $12 for a gallon of gas is “inevitable.”
May 21, 2008 Big Oil defends profits before irate senators
MyWay.com
On a day oil prices leaped to unheard-of highs, senators lined up Big Oil's biggest executives and pummeled them with complaints that they're pretending to be "hapless victims" while raking in record profits.
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