OPEC agreed to maintain current production quotas, concerned that a fourth cut since September risked increasing energy costs during the worst global economy in six decades. bloomburg.com
It's interesting because these countries rely on a certain value of oil to fuel economies heavily tied to oil revenue. Common sense says to take a hit now because a global depression will slow your own recovery.
Meanwhile, back in the U.S., AIG is serving up a round of fresh taxpayer bonuses for executives who helped create the toxic investments that helped cause the financial mess because their contracts must! be honored. washingtonpost.com
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