Zimbabwe's currency crashes, prices rocket | Reuters

Zimbabwe's currency crashes, prices rocket | Reuters: "Official figures put Zimbabwe's annual inflation -- the highest in the world -- at 165,000 percent in February, but analysts say the figure vaulted as high as 1.8 million percent by May."

House prices | Through the floor | Economist.com

House prices | Through the floor | Economist.com: "AS HOUSE prices in America continue their rapid descent, market-watchers are having to cast back ever further for gloomy comparisons. The latest S&P/Case-Shiller national house-price index, published this week, showed a slump of 14.1% in the year to the first quarter, the worst since the index began 20 years ago. Now Robert Shiller, an economist at Yale University and co-inventor of the index, has compiled a version that stretches back over a century. This shows that the latest fall in nominal prices is already much bigger than the 10.5% drop in 1932, the worst point of the Depression. And things are even worse than they look. In the deflationary 1930s house prices declined less in real terms. Today inflation is running at a brisk pace, so property prices have fallen by a staggering 18% in real terms over the past year."

Breaking The Oil Addiction: Oil And Water Do Mix In India

Breaking The Oil Addiction: Oil And Water Do Mix In India: "Emulsified fuel combines water and diesel oil. A privately held “special sauce” of additives is included in the mix to keep water and oil from separating like they normally would. Srinivasan Gopalakrishnan of Hydrodrive Systems and Controls said his molecular engineering process uses 25 percent water and 75 percent diesel fuel, better than several European emulsified fuels now on the market. They have no more than 20 percent water. A fuel that requires more diesel costs more."

Gold rush fever returns to the California hills - Telegraph

Gold rush fever returns to the California hills - Telegraph

JPMorgan Chase CEO: Recession Just Beginning

JPMorgan Chase CEO: Recession Just Beginning: "NEW YORK -- JPMorgan Chase & Co.'s chief executive said Monday that while the crisis in the credit markets appears to be three-quarters over, he believes a U.S. recession is just beginning.

'Even if the capital markets crisis resolves, it does not mean that this country will not go into a bad recession,' said CEO James Dimon, whose bank saw its first-quarter profit fall by half due to the recent collapse of the U.S. mortgage market. 'The recession just started.'"

Dollar, not supply, causes record oil - Iran offical - Yahoo! India News

Dollar, not supply, causes record oil - Iran offical - Yahoo! India News: "TEHRAN (Reuters) - The weak U.S. dollar is the main reason behind oil prices rising to record levels, not demand or supply factors, an Iranian Oil Ministry official was quoted as saying on Saturday."

Bloomberg.com: Worldwide

Bloomberg.com: Worldwide: "May 1 (Bloomberg) -- Gulf states are considering dropping their pegs to the dollar after the U.S. currency's decline stoked inflation across the region, Kuwaiti Finance Minister Mustafa al- Shimali said."