High oil prices disturbed the people of the United States to a great extent. Inflation is prevailing so much that people are suffering from various and different kinds of socio-economic problems, such as general rise in prices of commodities, poverty, unemployment, depression and agitation.

Prices of the groceries increased i.e, wheat, rice, bread, meat, cheese, butter, milk, beans, pulses, etc. The demands of the people effected to a great extent due to inflation that led towards the decline of savings of the people. Now people are no more meeting with nutrients commodities for keeping their health better.

United Airlines parent UAL Corp. mount 61 cents, or 7.2 percent, to $9.14 after saying it tactics to cut as many as 1,100 more jobs, eliminate 70 fuel-hungry aircraft from its fleet and diminish house capability to tidy costs in the face of surging energy costs. The nation’s No. 2 transporter before said it premeditated to cut 500 jobs and that it would mothball some of its smallest amount of fuel-efficient aircraft.

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The gigantic Ford of the United States has planned to empower $3bn in a new car lodge in Mexico and it is declared as one of the biggest ventures in the realm’s producing segment.
The budge is bluster to American car employees who had optimism that the plant would be put up in the United States.

Ford has lost more than $15bn during the last two years and elucidates that the new accessibility would be absolutely vital for its futuristic plans and negotiations. Meanwhile the president of Mexico, Felipe Calderon summons the pronouncement as a turning point for his nation.

There are the arisen of more and more chances for the young people who wanted to start their careers under the Ford. In this regard Ford has announced to create 45,000 jobs in Mexico so that the different employees of different ethic groups of Mexican regions might be emerged together with one another. In this way, they could earn something for their family clusters.

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May be revealed by the investigation

NEW YORK (CNNMoney.com)—some believe that rising oil prices are due to nothing but widespread speculation, on Thursday, the U.S. government declared about an extensive investigation regarding oil price manipulation. The government also announced that it would get further information for investors’ effect on the market.

Commodity Futures Trading Commission (CFTC) pledged to take these measures after having enormous pressure from heated lawmakers. The measures will do two things.
At first more information from non-commercials users of oil and index funds will be gathered. Information, regarding oil trade outside the U.S. on exchange as Intercontinental Exchange Europe (ICE) where Commodity Futures Trading Commission (CFTC) has no supervision and doesn’t have detailed information, will be gathered.

Secondly, it will be CFTC’s strategy to carry out an actual investigation regarding possible price manipulation that is possible from a commercial user of oil like production company storage or shipping company.

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