Democrats controlling the Senate are planning to try to pass a stand-alone measure to increase the government's borrowing cap, challenging Republicans to a showdown that could unnerve financial markets as the deadline to a first-ever default on U.S. obligations draws closer.
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It's summer and typically the only "double-dip" most of us would like to be thinking about has to do with ice cream. Unfortunately, whispers of a "double-dip recession" have grown to a shout after warnings voiced at the G20 Summit in Toronto, Canada.
Some economists say the writing is on the wall, citing signs like last week's dismal housing report and a drop in commodity prices, while others are saying that these claims are unfounded and a second recession, unlikely.
Vote below and tell us what you think in our comments section.
Unless you've been hiding in a cave somewhere, you know about the largest oil spill in U.S. history which was triggered when the Deepwater Horizon drilling rig suffered massive failure and subsequently sank, causing oil to begin gushing into the Gulf of Mexico.
Many of us also remember the Exxon-Valdez spill of 1989 which, until recently, was considered the worst in U.S. controlled waters and an environmental disaster. In the years since this tragedy in the remote waters off the Alaskan coast, Exxon has made a full recovery, including a 1999 merger with Mobil which made ExxonMobil one of the largest publicly traded companies in the last few years.
There are many differences between the Exxon spill and the recent BP spill, namely the proximity to the continental United States and its thriving coast along the Gulf of Mexico, so the question we pose to our Trader's Blog readers is, is it a great time to invest in BP stock and hold out for its recovery, or is a short position the only one to consider when talking about this market?
After you vote, be sure to tell us what you think in our comments section below.