Published on Friday, May 23, 2008 by The Independent/UK by Stephen Foley in New York In France, fishermen are blockading oil refineries. In Britain, lorry drivers are planning a day of action. In the US, the car maker Ford is to cut production of gas-guzzling sports utility vehicles and airlines are jacking up ticket prices. [...]
Archive for May 25th, 2008
25 May
Ex-Bush Adviser Rove Must Testify In Case That Could Shame White House
Published on Friday, May 23, 2008 by The Independent/UK by David Usborne Karl Rove, the former trusted adviser to President George Bush, will be compelled to testify on Capitol Hill in a high-profile investigation of alleged political meddling by the White House in decisions made by the US Justice Department. John Conyers, the chairman of [...]
25 May
Oil: A Global Crisis
Published on Sunday, May 25, 2008 by The Independent/UK by Geoffrey Lean The invasion of Iraq by Britain and the US has trebled the price of oil, according to a leading expert, costing the world a staggering $6 trillion in higher energy prices alone. The oil economist Dr Mamdouh Salameh, who advises both the World [...]
25 May
How telecoms are attempting to buy amnesty from Congress
Glenn Greenwald SATURDAY MAY 24, 2008 06:48 EDT (updated below – Update II) One of the benefits from the protracted battle over telecom amnesty is that it is a perfect microcosm for how our government institutions work. And a casual review of the available evidence regarding how telecom amnesty is being pursued demonstrates what absurd, [...]
25 May
The Oil Panic of 2008
May 25, 2008 at 14:39:00 by David Glenn Cox http://www.opednews.com Like any panic, the root causes are always disputed; heroes are vilified and villains deified. Some say the root cause is the ever-expanding, worldwide demand for oil, exacerbated by the emerging economic tigers India and China. Others point to oil traders’ and speculators’ involvement, and [...]
25 May
Clinton op-ed: ‘Why I Continue to Run’
May 25, 2008 Posted: 11:10 AM ET From CNN Associate Political Editor Rebecca Sinderbrand Clinton has faced a media firestorm since her Friday comment. (CNN) ? Two days after Hillary Clinton pointed to Robert Kennedy?s June 1968 assassination as part of an explanation for why she was continuing her presidential run, the New York senator [...]
25 May
No more Fedspeak on further interest rate cuts
By JEANNINE AVERSA AP Economics Writer WASHINGTON ? Sounding a gong couldn’t have made it clearer. Federal Reserve officials are putting out the word that further interest rate cuts are unlikely. Fed Governor Kevin Warsh ditched the central bank’s cryptic word tangles and actually waxed poetic. “Even if the economy were to weaken somewhat further, [...]
25 May
Peeved at Prices? Don’t Blame the Dealer
Awash in Profit, Exxon Fights for Pennies While Raising the Rent Exxon keeps Sohaila Rezazadeh’s profit to pennies on the gallon, even as it raises the lease on her Oakton station by about 10 percent a year. (By Lois Raimondo — The Washington Post) By Steven Mufson Washington Post Staff Writer Sunday, May 25, 2008; [...]
