Daily Dispatches

Hoping to turn party around, Ron Paul seeks Republican presidential nomination

Submitted by cpowell on Mon, 2007-03-12 23:44 Section: Daily Dispatches

By Gary Martin
San Antonio (Texas) Express-News
Monday, March 12, 2007

http://www.mysanantonio.com/news/metro/stories/MYSA031307.03A.Ron-Paul.3...

WASHINGTON -- Rep. Ron Paul of Texas formally announced his candidacy for the Republican presidential nomination Monday, saying people want to hear his libertarian message of limited government -- and he's willing to deliver it.

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Treasury says subprime problem is manageable

Submitted by cpowell on Mon, 2007-03-12 21:09 Section: Daily Dispatches

Like, what else are they going to say? "It's a disaster and we're going to have to reduce interest rates fast, devalue the dollar by 40 percent, and impose currency and credit controls"?

* * *

By Marcy Gordon
Associated Press
via Yahoo News
Monday, March 12, 2007

http://news.yahoo.com/s/ap/20070313/ap_on_bi_ge/subprime_lending;_ylt=Ar...

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China promises more market liberalization, including gold

Submitted by cpowell on Mon, 2007-03-12 09:07 Section: Daily Dispatches

Big Trade Surplus Overshadows China's Reform Pledge

By Eadie Chen and Tamora Vidaillet
Reuters
via Yahoo News
Monday, March 12, 2007

http://news.yahoo.com/s/nm/20070312/bs_nm/china_economy_dc;_ylt=AuiGiQRW...

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China will keep buying U.S. Treasuries as it diversifies reserves

Submitted by cpowell on Sun, 2007-03-11 19:54 Section: Daily Dispatches

By Christina Soon
Bloomberg News Service
Sunday, March 11, 2007

http://www.bloomberg.com/apps/news?pid=20601087&sid=a5waLpE3W.zc&refer=home

BEIJING -- China will keep buying U.S. Treasuries after a new state investment agency begins operations to help the nation manage its $1.07 trillion foreign-exchange reserves, central bank Vice Governor Wu Xiaoling said.

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Concern grows over inadequate funding of commodities trading regulator

Submitted by cpowell on Sun, 2007-03-11 13:53 Section: Daily Dispatches

By Jeremy Grant
Financial Times, London
Sunday, March 11, 2007

http://www.ft.com/cms/s/2b51ab1c-cfdc-11db-94cb-000b5df10621.html

WASHINGTON -- Concern that US regulators may be too financially stretched to continue adequately to oversee the booming futures markets was thrown into focus on Friday when a top Democrat promised to investigate the issue.

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No more no-money-down mortgages from Countrywide

Submitted by cpowell on Sat, 2007-03-10 19:24 Section: Daily Dispatches

From Reuters
Friday, March 9, 2007

http://news.yahoo.com/s/nm/20070309/bs_nm/subprime_countrywide_dc;_ylt=A...

Countrywide Financial Corp., the largest U.S. mortgage lender, on Friday told its brokers to stop offering borrowers the option of no-money-down home loans, according to a document obtained by Reuters.

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A mining speculator fights a gold Goliath high in the Andes

Submitted by cpowell on Sat, 2007-03-10 17:40 Section: Daily Dispatches

Rick Westhead
Toronto Star
Saturday, March 10, 2007

http://www.thestar.com/article/190390

COPIAPO, Chile -- When mining speculator Rodolfo Villar discovered Canada's Barrick Gold Corp. wanted to buy his claim to a remote, rugged tract of land in the Andes mountains, he anticipated a million-dollar payday.