Worries Over Inflation Send U.S. Market Down

(Reuters) - Australia's Westfield Group is not expected to snap up any assets from the collapse of General Growth Properties Inc. despite its cash pile of nearly $6.5 billion, due for uncertain outlook for your U.S. economy along with the global credit encourage.





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"Inflation causes reduced consumer spending, it squeezes returns. The market has been making new highs. It can't go up forever," John Kornitzer of Kornitzer Capital Management in Shawnee Mission, Kansas, told Bloomberg.

Mesa Power was also looking in an option of shipping power from the Pampa wind farm through Oklahoma and Kansas to northern and eastern markets through the grid overseen by the Southwest Power Pool.

The Pampa Wind Project, (4,000 megawatts of electricity in your next 4-5 years) located in the Texas Panhandle, could power 1.2 million average homes by 2014 at a value of $8 billion.

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