Friday, April 25, 2008

 

photo by papalars

 

Quote for the day:

Laziness travels so slowly that poverty soon overtakes him.

- Benjamin Franklin, The Way to Wealth

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In the news:

 The amount of refinanced home loans will reach $321 billion by the end of June, the most in a year, according to Fannie Mae. According to Freddie Mac ARMs probably will account for 8% of new mortgages in 2008, a record low.

The International Grains Council has projected a record world wheat crop of 645 million tonnes in 2008/09 which would exceed last year's total by 3.6%. Wheat futures fell to a low of $8.01 a bushel, the lowest level since November. Soaring food prices have sparked riots in several developing countries.

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