Tom Gallagher

Milk Rout Ending on Worst N.Z. Drought in 30 Years: Commodities

Milk futures are poised to end their longest slump since 2008 in Chicago as drought reduces production in New Zealand, the largest exporter, forcing China and other buyers to import more from the U.S.

Milk Seen Surging 15% on Drought-Feed Costs Before Demand Slows

Retail-milk prices will rise as much as 15 percent by the first quarter of 2013 after the worst U.S. drought since 1956 sent livestock-feed costs to a record, according to Dairy Management Inc., an industry group.

Europe Debacle Is Full of Lessons, but Which Are True?

Europe is a mess. But it’s a peculiar mess that both the left and the right think validates everything they’ve been saying about what we should -- and shouldn’t -- do here in the U.S.

Finance-Overhaul Bill Would Reshape Wall Street, Washington

The legislation passed by the Senate yesterday would reshape the U.S. financial industry and its regulators with a sweep unseen since the aftermath of the Great Depression.

Bernanke Says Extending Tax Cuts Maintains Stimulus

Federal Reserve Chairman Ben S. Bernanke said extending the tax cuts passed during former President George W. Bush ’s administration would help strengthen a U.S. economy still in need of stimulus.

Bernanke Says Tax-Cut Extension Maintains Stimulus

Federal Reserve Chairman Ben S. Bernanke said extending at least some of the tax cuts set to expire this year would help strengthen a U.S. economy still in need of stimulus and urged offsetting the move with increased revenue or lower spending.

Fed `Extended Period' Pledge for Low Rates Defended by Kohn, Kocherlakota

Two Federal Reserve policy makers defended the central bank’s pledge to keep interest rates low for an “extended period,” saying it could be altered to account for improvements in the economy.

Fed Growth Efforts May Move Markets More Than Economy

Federal Reserve policy makers meeting today may find the market reaction to any announcement of steps to spur growth will be bigger than the impact on the economy.

"Since the drought started, the milk price has gone up quite a bit."

- Tom Gallagher on Oct 16, 2012

Washington

New York

Ben S. Bernanke

Europe

Wal-Mart to J.C. Penney Join Bangladesh Safety Talks

ECB Cuts Interest Rates to Record Low as Recession Lingers

Gold Bull Run Seen Over as Bear Drop Frays Faithful: Commodities

India Probed After Zuma’s Friends Use Airbase for Guests

Rhino’s Dying Breath Signals General’s Return to War