Week of May 12 - 18

Here’s how Breaking News works. Unregistered users will simply see a list of clickable links for the most important news items I encounter each week.

Registered users can see my brief commentary about each link. So if you’re a registered user, be sure to scroll down. Each week a new page will be started. Every time I find new links they will be added to the top of the list.


Weekend of May 17-18

Inflation pressures ease in April despite biggest food price jump in 18 years (May 14 - AP)
Inflation here, there and everywhere (May 14 - FT)
U.S. Builders Broke Ground on Fewest Houses Since '91 (May 16 - Bloomberg)
Consumer sentiment falls in May to lowest since 1980 (May 16 – MarketWatch)
Foreclosure flood: 1,000 auctions per day in California
U.S. Economy: Manufacturing Weak as Expansion Falters (May 15 - Bloomberg)
Opposition Builds to $300 Billion Government Mortgage Bail Out (May 14 - Forbes)
Dollar rally, leaks put fresh focus on G7 meetings (May 15 – MarketWatch)
Fed's Direct Loans to Banks Climb to Record Level (May 15 - Bloomberg)
ECB concern over liquidity scheme (May 15 – FT)

May 14-16

Consumer-level inflation tame in April, U.S. says (May 14 - MarketWatch)
House Authorizes Use of Cheaper Metals in Coins (May 8)
Home prices continue sharp descent (May 13 - CNNMoney)
BIS warns over forex settlements risk (May 13 - FT)
Ships bring water to parched Barcelona (May 13 - BBC)
Pols fail to comprehend breadth of infrastructure crisis (May 12 - Scholars & Rogues)

May 12-13

Growing deficits threaten pensions (May 11 - MSNBC)
2008 growth outlook deteriorated: Blue Chip (May 10 - Reuters WASHINGTON)
Chilean Drought, Power Shortages Drive Up World Metal Prices (May 11 -Washington Post)
U.K. Producer Prices Rise at Fastest Pace Since 1986 (May 12 - Bloomberg)
China Raises Bank Reserve Ratio as Inflation Surges (May 12 - Bloomberg)

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