Bad Credit Mortgage New York

Basta With The Venti Frappuccinos

Listen up, Starbucks (SBUX ) fans. You think you know coffee? Forget it. You don't know coffee like Andrea Illy knows coffee. The 42-year-old head of Illycaffè will tell you to use a light hand with the steamed milk and skip the caramel syrup. The really good stuff is a rich espresso that rolls over your tongue, leaving subtle hints of buttery chocolate, almonds, and fresh peaches. "Espresso is a miracle of chemistry in a cup," says Illy. .

Greetings From The Land Of $8 A Gallon Gas

CBS4 reporter Rick Sallinger decided to reflect on the high cost of everything while on vacation in Europe. He sent the following dispatch to cbs4denver.com.BARCELONA (CBS4) - The year was 1972. I had just graduated from college and before entry into "the real world" I put on a backpack and did my first tour of Europe. My guidebook was Arthur Frommer's "Europe on $5 a Day." Now in 2006 I'm back with a wife, two children and it's more like "Europe on $500 a Day."Destination Manchester: It sounded like a bargain. There on the Internet I found a $475 round trip air fare from New York. Somehow my brain was used to the concept that the biggest expense was getting "over the pond." Even after adding another $313 to get to New York and back to Denver it fell into the category of "not bad.""Not good" was what I discovered upon arrival in England when it was time to fill up the rental car with "petrol." Gas is roughly $8 a gallon ...

Pound Soars on Rate Decision

The Pound rallied nearly 100 points against all of its major pairs today on the back of a surprising quarter point basis hike by the Bank of England to raise short term lending rates to 4.75%. The BOE cited in May's Inflation Report that CPI inflation would persistently be above the 2.0% target for three years at the current rate of 4.50%, thus setting the stage for a rate hike before year-end, but both the currency and equity markets were caught off guard by today's decision. Strong housing data, rapid growth in both broad money and credit, and inflation well over the target of 2.0% are the reasons given for yesterday's hike, a statement accompanying the decision stated. As of 7:21GMT GBP/USD traded at 1.8879, slightly down from Thursday's 1.8884 New York close.

News that the Bank of England had raised interest rates for the first time in two years sent London equities reeling on Thursday.

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