Archive for ‘Business’

17 results.
May11

U.S. exports set a record in March

by Dont Touch My Junk on May 11th, 2011 at 12:00 am
Posted In: News, Business

“U.S. exports set a record in March, buoyed by the weak U.S. dollar and strengthening global demand as U.S. trade flows returned to levels last seen before the global financial crisis.” Read More…..

May10

Oil Speculators & the Enron loophole

by Dont Touch My Junk on May 10th, 2011 at 12:00 am
Posted In: News, Business

“Up until a few years ago, oil speculation wasn’t really a problem: Crude oil futures could only be bought and sold on the NYMEX, where they were regulated by the Commodity Futures and Trading Commission (CFTC), a government organization that was created in 1974 to — you guessed it — protect the market against speculators. […] ↓ Read the rest of this entry…

May10

Weak dollar helping U.S. profits

by Dont Touch My Junk on May 10th, 2011 at 12:00 am
Posted In: News, Business

“Scores of companies have reported getting a bottom-line boost during the first quarter. Specifically, 40% of the 25 stocks in the Dow Jones industrial average that reported profits so far have pointed to the weak U.S. dollar for helping their profits, says John Butters at FactSet. ” Read More…..

 Comment 
May04

How Goldman Sachs Created the Food Crisis

by Dont Touch My Junk on May 4th, 2011 at 1:41 pm
Posted In: News, Business

Don’t blame American appetites, rising oil prices, or genetically modified crops for rising food prices. Wall Street’s at fault for the spiraling cost of food. Read More…..

Apr25

Cantwell, Murray to Feds: Curb oil speculators

by M3 on April 25th, 2011 at 3:24 am
Posted In: News, Business

“Saying that oil speculators are kicking families and small business when they are down, Sens. Patty Murray and Maria Cantwell, D-Wash., want federal regulators to apply the breaks using authority given them in the new financial reform law.” “The Commodity Futures Trading Commission (CFTC) should do its job with the statute we put in place […] ↓ Read the rest of this entry…

Apr24

Saudi Arabia concerned about the current glut of oil

by M3 on April 24th, 2011 at 12:00 am
Posted In: News, Business

That’s right folks there is the opposite of a shortage of oil at the moment. It’s the oil-related commodity speculators and people’s refusal to believe they are the main ones doing it. Stop these speculators folks or they’ll take it up to $10 a gallon if they can. Read More…..

Apr22

Obama: “Speculators a primary driver behind higher oil prices”

by M3 on April 22nd, 2011 at 12:00 am
Posted In: News, Business

According to a memo Holder sent this week to the agencies involved in the working group, it will look into “evidence of manipulation of oil and gas prices, collusion, fraud, or misrepresentations at the retail or wholesale levels” that may be harmful to buyers. “It also will examine activity in oil markets, taking a look at […] ↓ Read the rest of this entry…

Apr21

Oil speculators finally to be probed by this administration

by M3 on April 21st, 2011 at 12:00 am
Posted In: News, Business

President Barack Obama said on Thursday the U.S. attorney general was assembling a team to root out any fraud and manipulation in the oil markets that might be contributing to higher U.S. gasoline prices. Read More…..

Apr20

Big Business Still Sending Lots of Jobs abroad

by M3 on April 20th, 2011 at 12:00 am
Posted In: News, Business

“U.S. multinational corporations, the big brand-name companies that employ a fifth of all American workers, have been hiring abroad while cutting back at home, sharpening the debate over globalization’s effect on the U.S. economy. The companies cut their work forces in the U.S. by 2.9 million during the 2000s while increasing employment overseas by 2.4 […] ↓ Read the rest of this entry…

Apr19

Japan’s downgraded but their 10 year bond is a lot cheaper than the US’ – article

by M3 on April 19th, 2011 at 12:00 am
Posted In: News, Business

Japan’s debt has been downgraded to triple-A-minus, several notches below triple-A [which the US still has]. Yet the yield on its 10-year government bond is only 1.26 percent compared with 3.37 percent for U.S. government bonds. That’s partly because Japan is a nation of savers, and there is strong demand for its bonds. Read More…..

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