U.S. to buy unleaded, diesel fuel to ease storm shortage

WASHINGTON Sat Nov 3, 2012 5:23am IST

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WASHINGTON Nov 2 (Reuters) - The Obama administration has directed the Defense Logistics Agency to purchase up to 12 million gallons of unleaded fuel and 10 million gallons of diesel fuel for distribution to areas affected by Hurricane Sandy, the Federal Emergency Management Agency said on Friday.

The purchase, which comes in addition to the emergency diesel loan from Energy Department reserves, will be transported by tanker trucks and distributed throughout New York, New Jersey and other communities stricken by the storm, FEMA said.

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After wave of QE, onus shifts to leaders to boost economy

DAVOS, Switzerland - Central banks have done their best to rescue the world economy by printing money and politicians must now act fast to enact structural reforms and pro-investment policies to boost growth, central bankers said on Saturday.

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