Archive for June 21st, 2008

The reason for record-high oil prices, which are putting the squeeze on the United States and others worldwide, is that oil production has not kept pace with increasing demands, U.S. Energy Secretary Samuel Bodman told reporters Saturday.

To spend time in public with Suze Orman is to see how famished Americans are for financial advice they trust - and how much they trust Suze. In the 150-foot walk from Money's offices to the elevator, Orman leaves a wake of FedEx couriers, passers-by and office workers thanking her for helping them right their money lives. "You'd have thought Bono was here," marvels one editor.

While Congress has talked for a year about a federal response to the foreclosure crisis, attorneys general have been busy helping troubled homeowners at the state level.

First the SUV, now the big-screen TV.

Let me tell you about Bill Gates. He is different from you and me. First off, the billionaire co-founder of Microsoft has always been something of a utopian. In his mind, even the world's knottiest problems can be solved if you apply enough IQ. Accordingly, Gates, who has been spotted on Seattle freeways reading a book while driving himself to the office, covets knowledge. It's as if he's still trying to make up for dropping out of Harvard, as he spends just about any spare waking minute reading, studying science texts, or watching university courses on DVD.

With sales of full-size pickups in a steep decline, Ford Motor Co. said Friday it is delaying the launch of its new, redesigned Ford F-150 pick-up by two months.

Stocks slumped Friday, ending a tough week on a low note as renewed worries about the credit market crisis and inflation sent the Dow to a three-month low.

Fly cheap while you still can. The money-losing airline industry is raising fares and adding fees as it struggles with record-high fuel prices.

Gas prices have dropped slightly, according to a daily survey released Saturday by motorist group AAA.