9 June 2008
News and Comments - 06/09/08
Posted by Joy Bischoff under: What's News .
CHINESE PROVERBS
Man who run in front of car get tired.
Man who run behind car get exhausted.
12 Comments so far...
Jesse Says:
9 June 2008 at 12:38 am.
Asian Stocks Tumble on U.S. Jobs Report, Crude Oil’s Advance
By Chen Shiyin and Chan Tien Hin
June 9 (Bloomberg) — Asian stocks dropped, led by automakers and technology companies, on concern surging oil prices and a U.S. slowdown will derail earnings growth.
Toyota Motor Corp., Japan’s largest automaker, and Samsung Electronics Co., Asia’s biggest maker of chips, mobile phones and flat panels, fell after U.S. unemployment rose the most in 22 years. Korean Air Lines Co. plunged the most in three months after Goldman, Sachs & Co. cut its share-price forecast and crude jumped more than $10 a barrel on June 6. All Asian equity markets dropped, apart from Hong Kong, China, Australia and the Philippines, which are closed for holidays today.
“We’re being attacked from all fronts,” said Jason Lee, who helps oversee the equivalent of $2.1 billion as general manager of equities at Amanah Raya-JMF Asset Management in Kuala Lumpur. “We’re heading for tough times, expect to see more earnings revisions.”
http://www.bloomberg.com/apps/news?pid=20601087&sid=aSOREqPeKsSY&refer=home
Cameron Says:
9 June 2008 at 6:11 am.
Reports: Tokyo rampage suspect warns, ‘It’s time’
By JAY ALABASTER, Associated Press Writer 1 hour, 52 minutes ago
TOKYO - A man suspected of killing seven people in a knifing rampage foretold the mayhem in a series of messages posted on the Internet, including one just before the attack saying, “It’s time,” police and media reports said Monday.
Tomohiro Kato, the 25-year-old man accused of ramming pedestrians with a truck and then stabbing 17 bystanders in Tokyo’s popular Akihabara district on Sunday, posted the messages on an Internet bulletin board from his cell phone, a police spokesman said.
The police official, who spoke on condition of anonymity, citing protocol, refused to release the Internet messages, but news reports said they were posted in a message board thread titled, “I will kill people in Akihabara,” hours before the stabbings.
http://news.yahoo.com/s/ap/20080609/ap_on_re_as/japan_stabbing
Cameron Says:
9 June 2008 at 9:12 am.
Unprecedented: National Average Gas Price Hits $4
Monday, June 09, 2008
NEW YORK — The average price of regular gas crept up to $4 a gallon for the first time over the weekend, passing the once-unthinkable milestone just in time for the peak summer travel season.
Prices at the pump are expected to keep climbing, especially after last week’s furious surge in oil prices, which neared $140 a barrel in a record-shattering rally Friday.
While Americans who have to drive will feel the biggest squeeze, the increased prices also translate into higher costs for consumers and businesses, who will be forced to shoulder increased costs for food and anything else that needs to be transported.
“I don’t think we’ve felt quite the full impact of $138 or $139 a barrel oil,” said Jason Toews, co-founder of fuel price research site GasBuddy.com.
Gas prices rolled past their latest threshold Sunday, increasing to $4.005 a gallon overnight from $3.988 the day before, according to AAA and the Oil Price Information Service.
Of course, drivers in many parts of the country have already been paying well above that price for some time.
Sharon Anderson Says:
9 June 2008 at 10:02 am.
Each Representative in the US needs to be inundated with messages from his constituents about supporting the Affordable Gas Price Act HR 2415 and opposing the Arctic Wilderness Act HR 39. Let’s let them know what the majority of Americans REALLY want.
This link makes it quick and easy to voice your opinion. http://capwiz.com/jbs/issues/alert/?alertid=11448081&type=CO
Let’s hold them accountable.
The Realist Says:
9 June 2008 at 11:24 am.
Sharon, I’ve noticed you put up a lot of things that help us be activists. That’s great and sometimes we need encouragement. I usually do it with a little kick in the pants.
Matt Says:
9 June 2008 at 11:44 am.
Good heads up Sharon.
Iranian leader: US military is Iraq’s top problem
TEHRAN, Iran - Iran’s supreme leader told the visiting Iraqi prime minister Monday that the U.S. military presence is the main cause of Iraq’s problems, according to Iranian state television, making clear his opposition to a U.S.-Iraqi security pact.
Iraqi Prime Minister Nouri al-Maliki’s talks with Iranian leaders during his three-day visit here have focused on the proposed security agreement that Iran fears will keep the American military in neighboring Iraq for years.
Al-Maliki has tried to push Iranian leaders to back off their fierce opposition to the proposed pact, promising that Iraq will not be a launching pad for any attack on Iran.
But the agreement has become a point of contention as Baghdad tries to balance its close ties to rivals Washington and Tehran.
Iran, which has repeatedly said the way to end instability in Iraq is for U.S. forces to withdraw, believes the proposed pact could lead to permanent U.S bases on its doorstep amid fears of an eventual American attack.
http://news.yahoo.com/s/ap/20080609/ap_on_re_mi_ea/iran_iraq
T. Fan Says:
9 June 2008 at 1:10 pm.
LOL on the Chinese proverbs and sweet car.
Benjamin Says:
9 June 2008 at 2:39 pm.
Saudi calls for talks; oil experts see no change
RIYADH, Saudi Arabia - Saudi Arabia will call for a summit between oil producing countries and consumer states to discuss soaring energy prices, Information and Culture Minister Iyad Madani said Monday.
The kingdom will also work with OPEC to “guarantee the availability of oil supplies now and in the future,” the minister said following the weekly Cabinet meeting, held in the seaport city of Jiddah.
Madani said that the kingdom has informed “all oil companies it deals with as well as countries that consume oil that (the kingdom) is ready to provide them with any additional oil they need.”
“The Saudi Cabinet has instructed Oil Minister Ali al-Naimi to call for a meeting in the near future that will include representatives of oil-producing countries, consumers and companies that work in extracting, exporting and selling oil to look into the price hike, its causes and how to deal with it,” said Madani.
The Saudi announcement comes just three days after the biggest single-day price leap ever, when oil surged more than $11 to surpass $139 per barrel.
E.E. Says:
9 June 2008 at 3:02 pm.
Our society is not doing all right. When there is this much immorality going on there are going to be consequences that effect every area of life eventually. We need God in the United States or America will lose her greatness very fast.
Study: 1 in 4 adults in NYC have herpes virus
NEW YORK (AP) - A city Health Department study finds that more than a fourth of adult New Yorkers are infected with the virus that causes genital herpes.
The study, released Monday, says about 26 percent of New York City adults have genital herpes, compared to about 19 percent nationwide.
The department says genital herpes can double a person’s risk for contracting HIV.
Herpes can cause painful sores, but most people have no recognizable symptoms.
Among New Yorkers, the herpes rate is higher among women, black people and gay men.
The health department urges consistent use of condoms, and says its STD clinics offer free, confidential herpes testing.
http://www.breitbart.com/article.php?id=D916M4QO0&show_article=1
E.E. Says:
9 June 2008 at 3:03 pm.
Sharon, thanks for the link so we can get involved.
Benjamin Says:
9 June 2008 at 4:43 pm.
UH-OH
Corn futures hit another record on Midwestern rain
NEW YORK - Corn futures extended their climb, rising to a record for a third straight session Monday as heavy rains flooded fields and battered crops in Midwestern states.
Other commodities traded mostly lower, with crude oil retreating more than $4 a barrel and gold, silver, copper and wheat also falling.
Farmers are worried that excessive rain in the U.S. Corn Belt will damage recently planted crops and hurt yields, adding to the food inflation that has driven up the price of everything from eggs to meat to bread. Last week’s rain-fed jump in corn prices was the largest one-week rally in the contract’s history.
Corn prices are poised to go even higher, analysts say. Weekend showers dumped as much as eight inches of rain over parts of Iowa, Illinois and Indiana, and forecasts predict more bad weather later this week.
“If that rain materializes, then you can keep this upward march going,” said Jason Ward, analyst with Northstar Commodity in Minneapolis. “Farmers are very concerned about lost acres. It’s going to be uncertainty throughout the growing period.”
http://news.yahoo.com/s/ap/20080609/ap_on_bi_ge/commodities_review
Ghost Says:
9 June 2008 at 6:23 pm.
Holy buckets, things keep happening to cause problems with the food supply. Dang!
Leave a Reply
You must be logged in to post a comment.