Current+Event+7

=Deals for Skype Lifts Wall Street =

[|ARTICLE]

So, Microsoft bought the Internet telephone service, Skype, for $8.5 Billion. Many people are familiar with Skype so now maybe that if people have Skype and Facebook. Since many of big companies have saved tons of money for when it comes to situations like this. " Large companies also want to put their cash stockpiles to work because they’re getting minimal returns on them," said Oliver Pursche, president of Gary Goldberg Financial Services. Along with big companies buying other companies, AT&T also stated that they would buy T-Mobile USA for $36 billion and Johnson & Johnson's $21.3 billion deal was also announced last month Many people investing in these stocks are very fortunate because the stocks will be going up.

I think that this would be a great deal on behalf of Microsoft because like how we were talking in Mr. Fleming's class, that maybe it would be a great idea if Xbox was able to integrate Skype somehow on the Xbox console because they already have Facebook, Netflix, Last.fm, just recently Hulu.com is also going to be one of the features coming to Xbox Live. I personally have a Skype account but I don't use it because I don't have a reason to.

= ﻿ U.S. Inflation Leaps as Gas and Food Prices Rise =  [|article]

Consumers are starting to feel the rise of inflation, food prices are rising like crazy and gas prices just will not go down. The Labor Department said in its monthly report that the __ [|Consumer Price Index] __, the most widely used measure of inflation, was up 0.4 percent in April from March, and up 3.2 percent from a year earlier. In this 12 month period, this has been the biggest rise of prices ever. Food prices going up at 0.4 can double by the end of each month. Just the other day, my mom bought tomatoes that were around $3/lb. Just barely 4 tomatoes are freakin' $3! She got a little bag of tomatoes for $15. She was pissed ha. Economists say that the prices of gas might ease over the prices. In some regions of the country, some people might still be paying around $4 a gallon.

Well this sucks for me. I'm going to get my dad's Silverado which gets like what, 14 miles to the gallon??? Every time that my dad goes to fill up the tank, it's like $90!! That's crazy..I might trade it in for a nice Beemer:D i wish.