Australia raises interest rate

By Tom | February 4, 2008

Australia’s central bank raised its cash interest rate by a quarter point to an 11-year high.Reasons for the increase included significant inflation pressures on the Australian economy, Reserve Bank of Australia Gov. Glenn Stevens said in a statement.

Tags: Australia, Reserve+Bank+of+Australia, Gov.+Glenn+Stevens

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April 22, 2008

Men often hate each other because they fear each other; they fear each other because they don’t know each other; they don’t know each other because they can not communicate; they can not communicate because they are separated.Martin Luther King, Jr.