World news report on the effect of Japan earthquake to the U.S economy

Japan devastating earthquake has brought its effect to the economy in U.S. as the price in the auto industry and the price of fuel significantly rose. According to Lucia Mutikani from Reuters, the price of light trucks has increased for 0.7 percent. And this is the biggest increasing number since July. On the other hand, the passenger cars has also increased for at least 0.9 percent. As a whole it is reported that since the last 12 months ending up in March, the core producer price index has increased for 1.9 percent. While prices are climbing up as the effect of Japan earthquake, the claims for unemployment benefits has also risen. As the result of the situation, the U.S stock prices have been pushed down accordingly.

April 13, 2011 World news report on U.S financial crisis

The financial system of the United States of America has been condemned as full of greed, having weak regulation and many conflicts of interest by the Senate panel. Goldman Sachs was specially accused by the Senate as has been misleading clients and manipulating markets. Kevin Drawbaugh of Reuters consider this as the most damning official U.S report yet produced on Wall Street’s role in the financial crisis.