Monday, August 23, 2010

Egypt searches for $50m Van Gogh painting

Egyptian authorities have had to make an embarrassing U-turn on the disappearance of a Vincent Van Gogh painting from a Cairo museum.

An empty frame is all that is left after "Poppy Flowers", worth $50m, was stolen on Sunday.

Following initial reports that it had been recovered, the country's culture minister backtracked on his claim.

The theft raises serious questions and concerns about the state of security at Egypt's top museums, which house some of the world's most precious, rare and valuable antiquities and artwork.

Al Jazeera's Ayman Mohyeldin reports from Cairo.

Friday, August 20, 2010

Steve Forbes on 401K Withdrawal Rate

Steve Forbes discusses how the economy is driving people to tap their retirement savings for daily expenditures.

Saturday, August 14, 2010

German economy sees record growth

After months of an economic slump, Europe's main stock markets have bounced back as economic growth in Germany and France boosted investors' sentiment.

Germany, the region's biggest economy, published on Friday its best quarterly GDP growth since 1990 of more than two per cent in the second quarter.

The country helped lift growth in the eurozone overall to one per cent and more than made up for the struggling economies of Greece, Spain and Ireland.

That rate of German expansion is unlikely to last, and early gains for European shares slipped back again, as did the euro's rise against the dollar. But traders, it seems are happy.

Al Jazeera's Rory Challands reports.

Tuesday, August 10, 2010

Fed To Buy More Government Debt; Rates Remain Low

AssociatedPress--August 10, 2010--
The Federal Reserve said it will use the proceeds from its investments in mortgage bonds to buy government debt on a small scale. Economists say that could help nudge down interest rates, but won't have a dramatic impact on stimulating growth.
The Associated Press 2010

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