Japan stocks rose, sending the Nikkei 225 Stock Average to its longest advance since May, on expectations a bailout of U.S. carmakers passed by the House of Representatives will alleviate a global economic recession.
The House approved a $14 billion loan package intended to prevent a collapse of American automakers that would threaten millions of U.S. jobs. The vote sends the measure to the Senate, where Republican party opposition could delay or kill the legislation.
Crude oil, which has fallen more than $100 from its record in July, gained 3.4 percent to $43.52 a barrel in New York yesterday, and the contract rose as much as 2.2 percent today.
2 comments:
Most people are surprised to hear the bailout's are affecting insurance rates. Insurance is changing as we know it due to the economy and bailouts. Since then the rates have drastically changed. All leading companies have changed lots of policies. When was the last time you researched insurance rates? You'd be surprised what recently changed!!!
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I find that very interesting. Logically you would think that with the current situation insurance rates would be increasing. Im sure that the policies in the future are going to have many more strict regulations to prevent another crisis.
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