Saturday, March 12, 2005

Billionaire Martha Stewart

Martha Stewart gets out of prison, gives the media a great performance during her first few days of release, and joins the billionaires club..
Martha Debuts On Forbes Billionaire List
"After getting out of prison last week, the homemaking maven has landed herself a spot on the magazine's annual billionaire list for the first time. According to the issue, due for release on Friday, Stewart has a net worth of $1 billion, thanks mostly to the value of stock in her company Martha Stewart Living Omnimedia which more than doubled while she was in jail." ksbitv

Wednesday, March 02, 2005

Australian Interest Rate Change

Australian home owners are getting a little more nervous as interest rates were raised by a quarter point, from 5.25% to 5.5%. Just after the rate rise news the government brought out data to confirm weak growth figures in the final two quarters of last year.
Australia makes a move on rates
"Australia's central bank raised interest rates on Wednesday for the first time in over a year, looking ahead to inflationary pressures rather than back at data showing economic growth had slowed to a snail's pace." CNN