Gas Prices Linked to Temperature
Once again the cold air snaps at our windows; I can’t see the sunlight for all the frost. I wait until now to fill up my furnace’s oil tank because I know that despite all of the hype, despite the mythical speculative buyers, and despite my own sense, fuel costs go down as the temperature [...]
Why China Can’t Meet Expectations
The Kyoto protocol is coming to the end of its life in 2012 and the world has come far behind in meeting its ambitious emission targets. Not unexpectedly, the United States and China are the worst offenders on record ignoring the fact that they are both large landmasses with huge populations. China got by an [...]
Latvia’s economic boom turns sour
It seems that Latvia is having a tough time. The former Soviet country had been leading European countries in its growth the last few years, but has been badly hit by the economic fears and now has a rapidly shrinking GDP. Apparently, the government refuses to float the Latvians currency but instead pegs [...]
Citigroup staves off financial woes by placing expensive newspaper ads
This morning newspapers across America will feature full-page ads by Citigroup reassuring everyone that the economic situation isn’t hurting the company but rather it is the fear-mongering by competitors bringing them down. Likewise if the Feds had only allowed them to merge with Wachovia, Citi would be sitting on their haunches enjoying tea right [...]
American Car Manufacturers Cry Foul… Again
Is there a year that goes by without North American car companies crying wolf? The newest excuse is the economic downturn is causing the companies to go belly-up. Give me a break, please! The automotive industry has been suffering for a long time and will continue to do so whether or not they [...]
