Page 16 - August 2008 News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Even further. i spoke to a goldman sachs analyst today, he expects the yen to hit the 90 to a dollar mark very soon. >> exporters would love that. oil and gold prices have been hitting record prices as well. what do the milestones look like for those commodities? >> over the past few month, both brentz and gold have reacted not just to the japan crisis but ongoing mideast unrest. to oil right here. on january 31st, let's see if we can bring that up there, brent passed that psychological $100 mark and that was the first time we saw that since october 2008. that's the anti-government protests ro...

Atlantic. everybody is shaking their heads at me. go ahead. >> well, there's a lot of -- you talk to people who are in the oil production business they'd like to explore a lot of places they are not currently permitted to explore and, it's a huge commodity and yet it's not clear that is why oil prices are up, there is huge commodity inflation thanks to the fed's monetary policy and part of that is oil price inflation and, you know, i think we shouldn't overreact. it is a huge issue, july, august, 2008 and by election date, drill, baby drill was not carrying a lot of states for john mccain and ...

Above 12,000 since june, 2008, got close but failed for a second day. the s&p 500 also flirted with closing over its psychological barrier, 1,300 points. a mark it hasn't reached since august, 2008. first-time unemployment rose more than expected last week to the highest level since late october with economists blaming, what else, the snow for forcing layoffs in some parts of the country. in earnings, caterpillar rose after its fourth quarter profit quadrupled on strong global demand for mining and construction equipment. netflix led the nasdaq, jumping a whopping 15% on its subscriber bas...

Newspapers everywhere that, oh, by the way, pakistan is aiding the enemy, but it's a real political problem, so you're absolutely right, there's a little bit of a disconnect by on the one hand saying it's damage to national security, but on the other hand, there's not a lot to see here, so move on. >> the u.s. sends more than a billion dollars a year to pakistan to help fight taliban and al qaeda, but the leaked documents suggest that pakistan, thought as an ally of the united states is actually working against american interests. here's a quote, from today's story in the "new york times." quo...

>> his name is ken abbott and he came forward or he was hired in august, 2008. he was hired to manage the document for the atlantis platform. when he discovered there were such great document deficiencies he went to management, he worked with them to try to correct the problem, and he was faced with consultant resistance. in early 2009 his contract was ended and he went forward to the department of the interior minute merle management the agency charged with regulating offshore platforms. he also brought forward these allegations to bp's independent om budsman's office. at that point in time t...