Here are a bunch of stories I wanted to use this week but never found the room. First, a quote for the day …
These rose colored glasses, that I’m looking through
Show only the beauty, cause they hide all the truth”
– John Conlee
Now, some interesting stories.
Insider Selling Jumps to Highest Level Since 2007
Executives and insiders at U.S. companies are taking advantage of the steepest stock market gains since 1938 to unload shares at the fastest pace since the start of the bear market.
Copper Climbs, Ends 4-Day Slide, as London, Shanghai Inventories Dwindle
Copper rose in New York, halting a four-day decline, as a drop in inventories signaled that supplies are tight for the metal used in pipes and wires.
IEA Chief Sees Oil-Supply Crunch by 2013 on Slower Investment by Producer
The International Energy Agency said the world may face a crude oil shortage by 2013 because of slower investments in oil exploration and production by OPEC members and other producing countries.
American Electric Says U.S. Industrial Power Demand May Fall 15% This Year
American Electric Power Co., the biggest U.S. producer of coal-fueled electricity, expects demand from industrial customers to fall 10 percent to 15 percent this year from 2008 because of the recession, its chief executive officer said.
“…as the following figure shows, we have now reconstructed Colorado River flows back to 1500 (via tree ring data), and it demonstrates that long periods of drought and reduced flows have been a regular phenomenon. Notice, in particular, that the period during which the Colorado River compact put together was abnormal in the first place, so the state straws — Arizona, Utah, Colorado, and California — sucking from the river are simply too big.”
Morgan Stanley — The Worst of the Global Recession Is Over
We think investors can play the rally, but we remain cautious and look for opportunities to sell. There’s a fair amount of good news in the price, and financial markets are already moving to price in the next step of the recovery phase – that of reflation and economic stabilization. In contrast, we think the global recession has further to run and that the coming recovery will be modest. The breadth, depth and duration of this downturn also raise the potential for head fakes and false dawns on the path to a sustainable upturn that will, in turn, drive bouts of investor optimism and pessimism.
The Force Is Strong in the British Isles
About 390,000 people listed their religion as Jedi in the 2001 Census for England and Wales. In Scotland the figure was a reported 14,000.
Forests’ Role as Massive Carbon Sinks Is ‘At Risk of Being Lost Entirely’
The International Union of Forest Research Organizations (IUFRO) says forests are under increasing degrees of stress as a result of climate change. Forests could release vast amounts of carbon if temperatures rise 4.5 degrees Farhrenheit above pre-industrial levels, it adds.
For the first time, scientists have isolated the parasite Nosema ceranae (Microsporidia) from professional apiaries suffering from honey bee colony depopulation syndrome. They then went on to treat the infection with complete success.
British economy shrinks at fastest pace for 30 years during first quarter of 2009
Gross domestic product (GDP) fell by 1.9pc in the first quarter … a sharper decline than the 1.6pc fall in the final quarter of 2008 when Britain officially entered recession.
It was the sharpest quarterly fall in GDP since 1979, when it fell by 2.4pc in the third quarter.
Related Posts
- Wednesday News Roundup (04/29/09)
- Morning News Roundup (03/18/09)
- Monday News Roundup — Gold, Agriculture, Oil and More (01/18/10)
- Friday News Roundup — The Foreclosure Bomb (08/07/09)
- Tuesday News Roundup (06/24/08)
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