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  • Amid the campaign by Canadian officials to boost U.S. support for the Keystone pipeline (TRP), Gary Doer, Canada’s ambassador to Washington poses this question for the U.S.: “Do you want your oil from Hugo Chavez or do you want it from Canada?” [View news story]
    yeah there is a reason for piping it. They're gonna pipe it all the way to the gulf load it a tanker and sell it to the highest bidder. Their fellow Canadians to the west don't want it either! Go around the Aquifer and then build the damn thing!
    Feb 26 11:48 PM | Likes Like |Link to Comment
  • The euro loses its Ifo-induced bounce after the European Commission cuts its 2013 eurozone growth forecasts and is now -0.1% vs the dollar. The EC also predicts that the recession will cause Spain, France and Portugal to miss their deficit targets, with Spain's shortfall to widen to 6.7% from 6.3% in 2012 rather than drop to the country's goal of 4.5%. (Map of country forecasts[View news story]
    Ah yes nothing like austerity to make the ole economy sing. For those of you that think taking the Republican knife to everything including taxes on the wealthy need to take a good look at europe and decide if this is really what you want.
    Feb 22 06:50 AM | 1 Like Like |Link to Comment
  • The XLP, XRT, and XLY all give up gains and turn lower following Wal-Mart sounding the warning over the effects of the payroll tax hike. It's fascinating that it took markets until just now to react to what was crystal clear 6 weeks ago. [View news story]
    What amazes me is the "nail on the head "certainty that this the payroll tax reinstatement is the cause. Gas is up 10% in my part of the country and probably is taking a bigger chunk out of the average budget than the payroll tax! Maybe Walmarts sales are down becasue they laid of half of their cashiers after Christmas and no one wants to stand in line for 10 minutes waiting to pay! Are other retailers sales down or just Walmarts?
    Feb 15 02:50 PM | Likes Like |Link to Comment
  • General Motors (GM) will join Volkswagen, Audi, Mercedes-Benz, and BMW in fighting over the 3% of the U.S. auto market that buys diesel automobiles. A new diesel-version Chevrolet Cruze will debut at the Chicago Auto Show today with the automaker aiming to disrupt the unflattering consumer image of diesels. [View news story]
    Where is the economics. Diesel is 10 to 20% higher per gallon in my area.
    Feb 7 08:40 AM | Likes Like |Link to Comment
  • China’s coal use grew 9% in 2011, rising to 3.8B tons, meaning the country is burning nearly as much coal as the rest of the world combined. China relies on coal to fuel nearly 80% of its power plants, vs. ~40% (and falling) in the U.S. And by 2017, India likely will become the world’s second-largest coal consumer, surpassing the U.S. The issue of climate change isn't going away any time soon. [View news story]
    dacama1 you r full of crappola....... Climate is changing, period. I Do truthfully believe that man and his love of fossil fuels is adding to the change. Is man and fossil fuels the only factor in climate change? That I am not for sure about. It's kinda like a man I knew back in the 60s and 70s. He said; Ah, we can't ever pollute the Oceans. They are just to big. WRONG. Mans part in climate change should be accepted,If for no other reason than man's ability to screw things up!!
    Jan 29 07:22 PM | 2 Likes Like |Link to Comment
  • Retailers in 40 different states can now charge consumers an extra 1%-4% for paying with a credit card as long as they disclose the fee. The extra fee is a byproduct of an anti-trust case settlement with MasterCard and Visa in which the credit card giants were alleged of conspiring to hold back the fees stores can charge. Retail analysts expect large companies such as Wal-Mart, Target, and Costco to refrain from tacking on the fees, but it could be open season for smaller chains and independent shops. [View news story]
    I don't feel to sorry for the retailers. I can't believe the fees aren't baked into the pricing already. Plus people tend to spend more when using credit cards so the decrease in revenue/profit may more than offset the fees collected.
    Jan 29 03:51 PM | 1 Like Like |Link to Comment
  • The debt ceiling fight appears to be over, with the House passing a 90-day extension on the debt-limit. The bill now moves to the Senate where it is expected to pass. [View news story]
    I personally hope they don't pass a budget by Apr 15th. The idiots need to go without pay. Reminds me of things I used to do when I was Kid in grade school!
    Jan 23 01:57 PM | 1 Like Like |Link to Comment
  • It's going to keep getting harder to find a cigarette in 2013 if the state legislatures across the country get their way. Higher cigarette taxes are on the docket in a number of states with traditionally high numbers of smokers. Minnesota in particular, where nearly 16% of the population still smokes, the governor is seeking to boost the state cigarette tax rate to a new rate of $2.83 per pack, a move which is being lauded across the board by anti-smoking advocates. [View news story]
    I smoked, I chewed and if weren't a sure road to the grave, I'd start all over again. I have always said that if I were diagnosed as terminally ill, I'd go back to using tobacco. Tobacco for wasn't a five minute addiction for me either..We're talking the sixties to the early nineties. That being said, I will continue to say that tobacco is the worst thing I have ever, ever, ever done to my health. Now the problem only lies with my gums. But, what potentially deadly problems may yet arise? Tobacco can not be taxed enough, period. And alcohol is right behind it. And oh do I ever like a shot of Jose, a half slice of lemon and a little salt in the web between your thumb and index finger.
    Jan 22 02:14 PM | 2 Likes Like |Link to Comment
  • In an attempt to stir up conservatives in Congress, former Senator and now Heritage Foundation president Jim DeMint is urging Republicans to stand their ground against the President in the upcoming showdown over the debt ceiling. "The government itself is not going to shut down, DeMint says, "In fact, I don't think people are even going to notice it." [View news story]
    All you Austerity freaks and budget cutting freaks, take a really good look at Europe and specifically Germany. The net effect of all there austerity is that the European economies are declining even the steam roller German economy. This country needs more revenue and significant budget cuts; but, let's not take such a big bite all at once that we choke the recovering economy in the process like the Europeans have done!
    Jan 19 11:14 AM | 3 Likes Like |Link to Comment
  • Saskatchewan premier Brad Wall teams with 10 U.S. state governors in a letter to Pres. Obama lobbying for the Keystone (TRP) pipeline: "U.S. imports from Canada, a democratic friend and ally, could reach 4M bbl/day by 2020, twice what is currently imported from the Persian Gulf." Notably absent from the letter were Alberta's premier and Nebraska's governor. [View news story]
    The Canadians don't want it either. It,s that old deal of it's OK as long as it's not in my backyard
    Jan 17 09:51 PM | 1 Like Like |Link to Comment
  • As Bank of America (BAC -5%) and Citigroup (C -3.2%) swoon following earnings, regionals reporting today fly higher: PNC +3.7%, FITB +4%, BBT +2.2%. Were their results that much better? Maybe. More likely it's a rotation out of the high-flying TBTFs into the more modestly valued regionals. The regional bank ETF (KRE) gains 1.3% vs. the XLF flat. [View news story]
    or was it a short driven drop? C and BAC were rebounding. Personally I think it's an entry point!
    Jan 17 02:44 PM | 1 Like Like |Link to Comment
  • The German economy probably suffered a "significant decline" in Q4, the Economy Ministry says, with the industrial sector cutting output due to weak demand in Europe. However, the ministry expects the economy to "revive significantly" this year given the economy's underlying strength and encouraging signs in the global outlook. The euro is flat vs the dollar. [View news story]
    One word.......Austerity. If you take away consumers money,
    they don't consume!
    Jan 11 07:57 AM | Likes Like |Link to Comment
  • "Stocks soar on news of rapidly shrinking paychecks" is a headline you won't see today, but Nick Colas points out 79% of households make under $100K/year and are subject to the full brunt of the higher payroll tax which kicked in on Jan. 1 - removing 4% of their annual spending power. He sees it as a 50 bp drag on GDP growth in 2013. [View news story]
    Jan 3 09:35 AM | Likes Like |Link to Comment
  • U.S. stock futures join the global party after Congress just about averts the fiscal cliff, for now. However, "the excitement will evaporate, because the buildup does not include raising the debt ceiling or longer-term budget cuts," says GFT Markets' Fawad Razaqzada. Dow +1.95%, S&P +1.5%, Nasdaq +1.5%[View news story]
    It's like surfing....ya gotta ride the wave when it comes!
    Jan 2 07:28 AM | Likes Like |Link to Comment
  • The House passes the Senate's fiscal cliff bill, 257-167. It now heads to the president for signature. (what's in the deal[View news story]
    Jan 1 11:02 PM | Likes Like |Link to Comment