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U.S. markets recover from steep losses
LONDON, Jan. 20 (UPI) -- Notable American investor Jim Rogers, co-founder of the Quantum Fund, said the British sterling, plunging in value, was a lost cause.
"I would urge you to sell any sterling you might have. It's finished," Rogers said, The Times of London reported Tuesday.
"I hate to say it, but I would not put any money in the UK," he said.
The pound fell more than 2 and a half cents Monday, reaching $1.4529, and dropped to $1.396 Tuesday morning, Ihe Times said.
The decline has accelerated recently as the British government may need to extend borrowing to more than $164.96 billion, about 8 percent of the country's income.
The pound is currently at its lowest point in seven years, The Times said.
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BISMARCK, N.D., May 24 (UPI) --
An official in North Dakota said it's important to move crude oil out of the Great Lakes region and into refineries along the southern U.S. coast.
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WASHINGTON, May 24 (UPI) --
Australia is seeking to upgrade its F/A-18F fighter aircraft to the "G" configuration, the U.S. Defense Security Cooperation Agency said.
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First-time buyers are driving the expectations that a recovery has begun. Their numbers and market share are growing despite financing roadblocks and competition with investors for entry-level homes. ...
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It is a whole new ball of wax in Europe these days.
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