April 27, 2010

The price of a gallon of gas is poised to push higher. Wholesale gasoline prices are on the rise and the pump price is expected to creep closer to the $3-a-gallon mark. The nationwide average stands at about $2.85 a gallon, some 80 cents more than it was a year ago. One factor that's been tempering gasoline price hikes is continued weak demand, despite a rising stock market and other signs of economic recovery. Source Link

Officials from the Wall Street investment bank Goldman Sachs are on Capitol Hill to answer questions from lawmakers about how they profited from the sub-prime mortgage meltdown. Emails from Goldman's CEO show the firm made money by betting against the same kinds of mortgage-backed securities that they were selling. Goldman Sachs has been charged with defrauding investors but denies any wrongdoing. Source Link

Think you wasted your time getting a shot to protect against H1N1 flu? Just wait, because it may pay off decades from now. Researchers say there's evidence that people who got a swine flu shot back in 1976 were better-protected against this latest outbreak. The government program that vaccinated 45 million people against swine flu 34 years ago was criticized at that time, as was the H1N1 program last year.  Source Link