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Business News Archive - November 26, 2008

South Korea's tangible assets such as land, buildings and equipment were worth $4.43 trillion in 2007, up from $4.08 trillion in 2006, the government said. In 2000, those assets were worth about $2.3 trillion, a report from the National Statistics Office said Wednesday, Yonhap news agency reported. The

South Korea may opt for an undersea pipeline to receive Russian natural gas if North Korea refuses an overland route, says the state-run gas company's head. The plan to build an underwater pipeline came up during talks with Gazprom President Alexei Miller and experts at Russia's Pacific Ocean Institute in Vladivostok last week, Choo Kang-soo, head of Korea Gas Corp., said Wednesday to the Yonhap news agency. In September, Korea Gas announced it will import 7.5 million tons of gas annually from Russia starting in 2015 using an overland pipeline through North Korea. However, Yonhap quoted Choo as saying Russian gas company executives hinted Pyongyang officials they met with recently may not support it because of strained relations between the two Koreas under South Korean President Lee Myung-bak's conservative government. Earlier this week, North Korea said it will tighten crossings through the border with the South beginning next month, the report said. Choo said the Russians suggested

The number of U.S. citizens receiving food stamps could surpass 30 million this month, federal officials said. The U.S.

Britain's Shadow Chancellor George Osborne is crying foul after a Treasury document inadvertently posted on a Web site showed a discarded plan to raise taxes. The document that appeared on a government Web site showed British ministers had contemplated raising the value added tax by 1 percent following

The $20 billion a year U.S.

Consumer spending dropped for the fourth consecutive month, falling sharply in October, the U.S.

New orders for durable goods orders fell well below economists' expectations in October, the U.S.

U.S. crude oil inventories increased by 7.3 million barrels in the week ending Nov. 21, the U.S.

New U.S. one-family home sales dropped 5.3 percent in October, falling 40.1 percent below October 2007, the U.S.

Costco stores throughout the United States are well prepared for the annual consumer rush for pumpkin pies around Thanksgiving, bakers say. West Coast Bakeries director Mike Cruz, whose business makes the huge pies for the retail giant in Issaquah, Wash., said the key to successful holiday sales of the traditional desserts is organization, The Seattle Times said Wednesday. Everything's planned out by day.

Word of the Day
humgruffin
  • A terrible or repulsive person.
Regarding the etymology of 'humgruffin,' the OED says (rather unhelpfully) that it's a 'made-up word.' We might guess that 'hum' comes from 'humbug' or possibly 'hum' meaning 'a disagreeable smell,' while 'gruffin' could be a combination of 'gruff' and 'griffin.'