| Meeting demand for oil-pricing answers
Stephen Schork, a former New York commodities trader who lives in Villanova, is attracting a lot of attention with his three-year-old newsletter that analyzes the wild changes in oil prices. Only about 100 people have agreed to pay the upwards of $10,500 that he charges for a one-year subscription. He shows up regularly in newspapers and on national television as reporters seek help in making sense of this crucial and volatile commodity market. This exposure during the year when crude oil prices nearly doubled has produced "a ton of people on trial subscriptions," he said. Schork, 41, caught a wave when the collapse of Enron and other factors came together to drastically change the oil markets. In addition to supply-and-demand and what OPEC is thinking, people with oil-centered lives now "have to worry about what some 28-year-old hedge fund manager in Manhattan, with billions of dollars of other people's money, will do next," Schork said over coffee at the MilkBoy Cafe in Ardmore.
Video: Gang members speak out
Full name the Invincibles, IVS claims to have more than 100 members in the Bexley and north Kent area. Members of the gang contacted News Shopper wanting to defend their friend - who they had known for three years - and to tell their own story. Reporter Jon Cheetham met them and heard how they are in jobs and college, and trying to make something of their lives. .
BP America Announces Resolution of Texas City, Alaska, Propane Trading ...
HOUSTON, Oct. 25 /PRNewswire-FirstCall/ -- BP America today announced two plea agreements and a deferred prosecution agreement with the U.S. Department of Justice and a consent order with the Commodity Futures Trading Commission which end governmental investigation of company wrongdoing on matters related to the March 2005 explosion and fire at the Texas City refinery, the March and August 2006 oil transit line spills in Alaska and improper propane trading in April 2003 and February 2004. (Logo: http://www.newscom.com/cgi-bin/prnh/20000724/NYM120LOGO ) "These agreements are an admission that, in these instances, our operations failed to meet our own standards and the requirements of the law. For that, we apologize," said BP America Chairman and President Bob Malone.
Hip-Hop Rumors: Bump J FREE!?! Jim Jones' Reality Show? Mike Jones ...
Apparently the UK writers weren't all happy about the way things where handled, but I think that Def Jam was on point. In this era, a cell phone can = a leak. Here is what somebody said:
It was so deep, you were officially not allowed to actually leave your seat while they played tracks - not even to go to the toilet. Then you had to hand your lyric sheets back into the door goons like it was school assembly or summin. Why are American's so over the top? I mean, is there any need? All phones and everything were also confiscated...
BACK TOGETHER – EDDIE AND TRACEY
Well, not exactly. They just decided to issue a joint press statement on why they aren't together.
Traders cry foul over NBoT demutualisation
MUMBAI: A bitter wrangle has broken out over the demutualisation of the commodity exchange National Board of Trade (NBoT) with soyabean processors alleging irregularities in the demutualisation process under its chairman Kailash Shahra. Mr Shahra is also chairman of Ruchi Group of Industries.
NBoT executive director Raveesh Bafna, however, denied all allegations stating that all eligible trading members were given the option to become shareholders but none of them opted for it and continued to remain trading members.
Demanding a probe SOPA spokesperson Rajesh Agrawal said: “A delegation led by SOPA has asked the FMC chairman BC Khatua to take necessary disciplinary action against Mr Shahra and dissolve the present board of directors of NBoT."
He also alleged that following demutualisation, shareholding of the exchange was allotted to seven companies directly or indirectly controlled by Mr Shahra.
Coastal Post Online
Just think of government keeping hands off your investment income! No more taxes on interest, dividends and capital gains. In fact, no more payroll tax, individual income tax, Social Security tax, Medicare tax, alternative minimum tax, estate tax, gift tax, self-employment tax, and corporate and business income tax. It is called the Fair Tax Bill (H.R.25 & S.25), a broadly supported legislation now before both houses of Congress. Questions can be answered by visiting www.fairtax.org. Also, "The FairTax Book" should be available at local bookstores or via the internet. I urge taxpayers to write their congressman and senators requesting their support for the Fair Tax Bill. It takes real people-power to encourage Congress to make the Fair Tax Bill a federal law and a reality!
Robert J.
Waukee hears plans for roads, parks work
Residents had their concerns about road and park projects addressed Tuesday before the Waukee Planning and Zoning Commission voted 4-0 to approve the comprehensive development plan.
Brad Deets, director of planning, summarized to about a dozen residents the blueprint that will guide development over the next few decades. It consists of a series of recommendations about where to add parks, neighborhoods, businesses, roads and shopping districts. .
A Bullish Call
IN 2007, WORRIED INVESTORS LUNGED for the safety of bonds. Treasuries may hold less appeal next year, the Street's leading strategists say. Many of those we surveyed see the yield on 10-year Treasuries, now near a three-year low of 4%, increasing in 2008, albeit at a genteel pace that won't spook the market. The strategists note, as well, that bull markets rarely end when the earnings yield on stocks -- now around 6% -- is higher than benchmark bond yields. S&P 500 earnings are expected to climb 4%, to an average of $92 a share this year. The Street's 2008 estimates range from a low of $85.65 to just over $100. Corporate profits are likely to decline in the early part of the year, but face easier comparisons with '07 results in the second half. While some fear this year's peak profit margins will wane, Bear Stearns' Jonathan Golub says "margins will prove sticky at a high level" after years of cost-cutting.
RP rejects bids for 4-year Treasury bond
The Philippines rejected all bids for its 4-year Treasury bonds at a government auction on Tuesday due to high rates.
The Bureau of Treasury was meant to auction P7.5 billion ($183 million) worth of bonds but the average rate of bids was 6.184 percent, compared to 5.876 percent at the previous auction in December.
Banks tendered P12.42 billion worth of bids.
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