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U.S. markets recover from steep losses
NEW YORK, May 1 (UPI) -- A Senate Republican plan to mail $100 checks to U.S. voters burdened with high gasoline prices is drawing voter contempt.
The most vocal contempt for the plan, contrived by aides to Senate Majority Leader Bill Frist, R-Tenn., are conservatives like Rush Limbaugh, The New York Times said Monday.
"What kind of insult is this?" Rush Limbaugh asked on his radio program on Friday. "Instead of buying us off and treating us like we're a bunch of whores, just solve the problem."
Meanwhile, White House officials acknowledge that nothing they are planning will lower gasoline prices for several years.
Energy Secretary Samuel W. Bodman said the United States faced an oil price "crisis" because surging demand from such countries as China and India had outstripped supply, and he predicted that it would be "two to three years before suppliers are in a position to meet the demands."
"The suppliers have lost control of the market," he told NBC's "Meet the Press."
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WASHINGTON, May 23 (UPI) --
The planned Keystone XL oil pipeline would move oil away from refineries that produce gasoline, increasing prices, the National Resource Defense Council says.
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MELBOURNE, Fla., May 23 (UPI) --
Northrop Grumman says its Military Airworthiness Certification is closer for its re-engined EC-8 Joint Surveillance Target Attack Radar System aircraft.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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