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    Greenspan’s testimony suggests “more of the same”

    Thursday, February 17, 2005 Alan Greenspan, Chairman of the Federal Reserve has suggested that there will be more of the same in coming months from the Fed. In his speech during testimony before the U.S. Senate Banking Committee on Wednesday, Mr. Greenspan noted that the economic fundamentals of the U.S. appeared to be stable. On Thursday, Greenspan spoke before the U.S. House Committee on Financial Services and when faced with questions regarding Social Security reform issues, he hinted that he was in favour of partial privatization of Social Security – but the general consensus on Wall Street is to expect more of the same. However, economic advisors were somewhat disappointed…

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    Portugal to produce new Volkswagen model in 2008

    Saturday, January 21, 2006 Volkswagen announced the Palmela, Portugal factory – Autoeuropa – has been chosen to produce a new car model beginning the first quarter of 2008, but did not specify the model to be produced. “The decision to produce a new model in Autoeuropa is the result of the competitive cost of production of the factory, well as the favorable conditions of the cooperation established by the Portuguese government and the workers,” announced Wolfgang Bernhard. José Sócrates, prime minister of Portugal, said he was “satisfied with the decision of Volkswagen to produce a new model in the factory of Palmela,” and considered that the decision, “reflected the confidence…