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Trump Flaunts His Extravagant Customized Jet (VIDEO)

Donald Trump, the real estate tycoon spells extravagance and how!His recent buy is an amazing $100 million Boeing 757. Donald may have felt a space crunch in his previous boeing 747 and hence his new buy is twice the size of his previous jet. His assistant, Amanda Miller, stars in a 3-minute video tour pointing out all the little extras the plane has to offer.

U.S. Debt Ceiling: Tensions Between Democrats and Republicans Hampering Progress

Just a week before the Aug. 2 deadline for Congress to act, hope for a compromise between Republican and Democratic proposals, and with Washington looking stuck in an impasse, Washington the mood in the U.S. is becoming more and more tensed as the risks of a downgrade to the top-notch US credit rating are looming everyday a little bit closer.

Forex Market Insight 07/06/2011

Some of the heat has come out of the Aussie over the last 24 hours after the RBA doused expectations of two further rate hikes this year. This could see the Aussie come back to test support at 1.0600. After seeing a move back to 1.0600, traders could then be looking to a bounce from support.

Iceland ash cloud 2011: Which insurance companies paid out last time?

Last year's Iceland ash cloud caused many Britons to check their travel insurance policies for an eventuality that few had previously considered. So, few could have imagined that the industry would have to deal with a similar episode so soon after the first with forecasters warning that the plume from the Grimsvotn volcano could be blown to northern Scotland tomorrow, and the rest of Britain by Thursday.

A clear-up goes on

One of the "forgotten" former headline stories was the catastrophic flooding in Queensland, Australia. Here is a snippet of what has been happening.

What's next for Commodity Prices?

We were expecting the parabolic move in commodity prices to be interrupted by a correction at some point. While it could not have been anticipated as the catalyst for a pullback, the catastrophe in Japan two weeks ago prompted a sizeable sell-off in risk assets, including commodities. The question is whether in the aftermath of this event, or other lingering concerns, commodities can restart a substantive move to higher levels.

Tunisia, the start of something big

On 17 December 2010, a Tunisian street vendor named Mohamed Bouazizi, set himself on fire because a female municipal official and her aides had had his goods confiscated. This sparked protests against the Government for a variety of grievances, social, economic and political.

Misguided hysteria over rising U.S. debt

The federal fiscal policy debate is being overwhelmed by a growing sense that America must slash its deficit now, before it is too late. Actually, the United States is in no danger of a Treasury debt crisis and can carry far more debt than people believe without dire consequences.