economy

The loonie is one of the currencies shouldering a disproportionate share of the U.S. greenback's decline, Tamim Bayoumi, head of the North American division of the International Monetary Fund's western hemisphere department, said on Tuesday. "The fall in the U.S. dollar is probably on net a good thing," said Mr. Bayoumi, echoing comments made by the IMF managing director Dominique Strauss-Kahn at the G20 meeting last weekend. "We've had a view for a long time the U.S. dollar is overvalued and that to lower global imbalances it needs to depreciate."

It is a grim ritual being performed across America's heartland. Foreclosure sign. US debt misery looms over White House race There were 1.7 million foreclosures in America in the first eight months of 2007 Wednesday lunchtime and in the lobby of the Sheriff's Justice Centre an auctioneer, lawyers, bank representatives and prospective buyers are gathered for the latest foreclosure sales.

Bethesda, Maryland — The World Future Society, www.wfs.org , has released a 10 page report forecasting more than 70 major global developments for the coming year and beyond. The OUTLOOK 2008 report examines key trends in technology, the environment, the economy, international relations, etc., in order to paint a full and credible portrait of our likely future: Among the most significant findings:

A commander of the rebel Revolutionary Armed Forces of Colombian (FARC) was extradited to the United States on Thursday, Colombian officials said.