AP
Sun Apr 9, 10:52 PM ET CAMARILLO, Calif. - Retail gas prices across the country soared an average of nearly 17 cents in the past two weeks, according to a survey released Sunday.
The weighted average for all three grades increased to $2.69 a gallon by Friday, said Trilby Lundberg, who publishes the semimonthly Lundberg Survey of 7,000 gas stations in the country. |
By Nick Carey
Reuters Fri Apr 7, 5:35 PM ET BATAVIA, Illinois - U.S. consumers may face gasoline shortages or price hikes at the pump this summer due to fuel additive changes at refineries and a likely strong hurricane season, the U.S. Energy Secretary said on Friday.
"We face a combination of factors that could mean some localized shortages," Samuel Bodman said in an interview with Reuters, adding that the markets should sort themselves out quickly. |
07.04.2006
moneyweek For the past decade, homeowners in the United States have been living in "Housing Heaven". In this heavenly place, profits are always made; prices only go up; interest rates only go down; developers keep building, marketing, and selling megabuck, luxurious spa-like residences, that are all sold pre-construction; property speculators always make money, and pyramid their purchases into owning many properties to flip for a quick profit; and, second-homes are not an expensive luxury, but a wise investment for retirement. [...]
Consumer debt is up to $2 trillion (not including $440 billion of revolving home equity loans and $600 billion of second mortgages). Not only do consumers owe a whopping $9 trillion in mortgage debt, but home equity extraction has reached $600 billion annually. Homeowners have basically received, and spent, in excess of $2 trillion that they never earned. (Just take a look at the increase in total mortgage debt in the Federal Reserve's Flow of Funds Data since 2000). Below are some of the reasons why many property owners are about to descend into "Housing Hell": |
Apr. 5 2006
by Catherine Komp Newstandard.net Communities nationwide appear intent on testing the lengths they can go to suppress or expel their homeless populations -- anything to avoid having to see, let alone help, the least fortunate.
Richmond, Va.; - In the face of rising homelessness, cities across the country are increasingly trying to push desperate people out of sight and out of mind. In addition to anti-panhandling, anti-camping and anti-loitering ordinances, some are targeting the few remaining public spaces where homeless people can go during the day - including parks and libraries. Your privacy is strictly respected. On a recent sunny Sunday afternoon in Richmond's Monroe Park, about 50 people gathered with plates of seasoned tofu and zucchini, squash and potatoes, fruit salad, sweets and coffee. The meal was organized by the local chapter of Food Not Bombs, a global network of anti-war, anti-poverty volunteers that provide free, vegetarian meals in hundreds of city parks. "We like the park because it's a public space, it's a place where everybody can come," said volunteer Maria Medas. But volunteers say the group's weekly food distribution efforts and similar programs face a looming threat of being pushed out of the park, long an anchor of nourishment and community for the city's homeless. Next to the Food Not Bombs tables, several homeless people help Sam Bowser distribute the Sunday meal provided by the local chapter of HOPE Ministries Worldwide. "I've been serving homeless people for 20 years," Bowser said, "and the questions always asked is, 'Do the people need it?' Yes they do. I find the people depend on me to be here and anyone else who comes out here to feed the homeless people." Whether it's public parks or private shelters, homeless people have fewer and fewer places to go. |
By Jim Wolf
Reuters Fri Apr 7, 8:05 PM ET WASHINGTON - Two multibillion-dollar Northrop Grumman Corp. projects -- the Global Hawk surveillance drone and a weather satellite system -- are running more than 25 percent over budget, the U.S. Defense Department told Congress on Friday in a filing that could lead to program cancellations.
Another Northrop project, a mini-submarine designed to deliver elite Navy Sea-Air-Land special forces, is being terminated. It too was running more than 25 percent over budget as of December 31, 2005, the Pentagon reported. |
by William S. Lind
UPI Outside View Commentator Apr 10, 2006 Washington - The U.S. Army has made it official. What those who work in Washington have long known -- that the Pentagon is about money, not war -- is now Army policy. According to the March 10 draft of the Army Campaign Plan, "The Army's center of gravity is the resource process." Yep, it sure is, as the cost of the Future Contract System readily attests.
Still, the Army deserves some sort of award for its truth in advertising. How about a medal showing a hand with a West Point ring on it reaching for someone else's wallet? |
AFP
Fri Apr 7, 1:18 PM ET SINGAPORE - Asia's medical tourism industry is expected to generate over 4.4 billion dollars a year by 2012, with India, Thailand, Singapore, Malaysia and South Korea the top destinations, a leading travel firm said.
Low-cost, high-quality healthcare in Asia is already attracting more than 1.6 million tourists each year, mostly from within the region, according to a report issued by Singapore-based air ticketing firm Abacus International. |
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