Archive for April, 2008
UK: Rice Rationing
April 24th, 2008Hint to Kiwis: I don’t want to mention specifics, but don’t dawdle. If I can clear out Amazon of their organic brown rice just by mentioning it on Cryptogon, I don’t want to rock the boat too much here at home, especially since supplies of goods are spotty to begin with. Hint to Kiwis 2: […]
Dollar in Strong Rally
April 24th, 2008WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Weakness in Germany and France is taking the euro down sharply vs. the dollar. Gold has broken down again; under $900. After EUR/USD 1.600 it’s no surprise that we’re seeing a pull back. I’ll wait for the weekly candles to print […]
Now Sam’s Club Limits Rice Purchases
April 24th, 2008Via: Bloomberg: Wal-Mart Stores Inc.’s Sam’s Club warehouse unit is restricting purchases of some types of rice to four bags a visit as prices reached a record in Chicago futures trading. The limits on jasmine, basmati and long-grain white rice, a response to “recent supply and demand trends,” will be put into effect in all […]
Real Estate Crash Continues: Median Home Price Declined 13.3% Between March 07 and March 08
April 24th, 2008Via: AP: Sales of new homes plunged in March to the lowest level in 16 1/2 years as housing slumped further at the start of the spring sales season. The median price of a new home in March compared with a year ago fell by the largest amount in nearly four decades. The Commerce Department […]
American Firm to Build Amusement Park in Baghdad
April 24th, 2008Via: Times Online: Llewellyn Werner admits he is facing obstacles most amusement park developers never have to deal with – insurgent attacks and looting. When you are building an amusement park in downtown Baghdad, those risks come with the territory. Mr Werner, chairman of C3, a Los Angeles-based holding company for private equity firms, is […]
UK: Drivers Urged Not to Panic Buy Petrol as Refinery Workers Strike
April 24th, 2008Above ground factors… Via: Guardian: Drivers were today urged not to panic buy fuel after talks to avert a strike at one of Scotland’s largest oil refineries failed. A two-day walkout by up to 1,200 workers at the Grangemouth refinery is set to begin on Sunday after negotiations between the Unite union and refinery management […]
Al-CIAda No. 2 Says 9/11 Theory Propagated by Iran
April 23rd, 2008HAHA! I really need to add a Humor category. Via: AP: Osama bin Laden’s chief deputy in an audiotape Tuesday accused Shiite Iran of trying to discredit the Sunni al-Qaida terror network by spreading the conspiracy theory that Israel was behind the Sept. 11 attacks. The comments reflected al-Qaida’s No. 2 leader Ayman al-Zawahri’s increasing […]
Global Food Price Increase Forces World Vision to Cut 1.5 Million People from Food Aid Program
April 23rd, 2008Via: CNW Group: One of the world’s largest humanitarian organizations has announced it can no longer provide food to 1.5 million of the 7.5 million poor it fed last year. World Vision blamed the soaring cost of food and unmet donor country aid commitments for the 23 per cent decrease in the number of people […]
Americans Hoard Food as Industry Seeks Regulations
April 23rd, 2008Via: Washington Times: Farmers and food executives appealed fruitlessly to federal officials yesterday for regulatory steps to limit speculative buying that is helping to drive food prices higher. Meanwhile, some Americans are stocking up on staples such as rice, flour and oil in anticipation of high prices and shortages spreading from overseas. Their pleas did […]
China Down to 12 Days Worth of Coal
April 23rd, 2008Via: news.com.au: CHINA only has enough coal for 12 days of consumption, three days less than a month ago, state media reported Wednesday, sounding the alarm bells over the nation’s most important source of energy. In certain parts of China, such as densely populated Hebei province in the north, reserves are down to less than […]
