Wheat Rebounds 11% in Price on Low Production and Stockpiles
Asian and European Markets Rally With U.S. Futures Up Substantially
Markets Rise on Japan having continued good news in their reactor problems along with allied forces fighting for the people and the democratic process…..
Comments »Update on AIG Bond Purchase From The Fed
Fed is not sure if they want to solicit others bids as it may hurt taxpayers. So AIG must make it a profitable situation for the taxpayers in order for this deal to go through….
Comments »AT&T Offers $39 Billion for T Mobile
Japan’s Crisis Begins to Effect the Global Economy
Flash: All Six Reactors Connected to Power Cables
Things are definitely looking better. All 6 nuclear reactors are now rigged to power lines.
Comments »World Bank Says Japanese Rebuilding Efforts to Take 5 Years
Total cost: $122 to $235 bill
“If history is any guide, real gross domestic product growth will be negatively affected through mid-2011.” Growth should though pick up in subsequent quarters as reconstruction efforts, which could last five years, accelerate.” –Talking head from World Bank
Comments »Sony, Nissan Factories to Go Back Online Shortly
Sony is opening a rechargeable battery plant and Nissan is opening up 6 factories and vehicle assembly.
Comments »Futures Rally on Improving Situation in Japan
S&P futs are up 5, crude is up $2 and crack spreads are up 1%, nearing $24.
Related: the situation is improving in Japan, but far from resolved. Things could change rapidly.
Comments »Flash: Russia Asks US, UK and France to Stop “Indiscriminate Use of Force” in Libya
Related: cruise missiles targeted Ghaddafi’s compound.
Update: rumors floating around that Ghaddafi’s son, Kames, has died.
Comments »Flash: Brent Crude Surges Past $115
Total shutdown of Libyan oil exports is obviously bullish for crude.
Related: Futures open higher, as investors do lines of cocaine off Tomahawk cruise missiles.
Developing…
Comments »Liberal Democrats Not Happy with U.S. Participation in Libya
Kucinich wants to discuss impeaching Obama over missile strikes on Libya.
Comments »“They consulted the Arab League. They consulted the United Nations. They did not consult the United States Congress,” one Democrat lawmaker said of the White House. “They’re creating wreckage, and they can’t obviate that by saying there are no boots on the ground. … There aren’t boots on the ground; there are Tomahawks in the air.”
More than 8,000 Killed in Libyan Rebellion
Those opposing Ghaddafi are claiming more than 8,000 rebels have been killed thus far.
Comments »Libya Calls for Another Ceasefire
This time they mean it. No serious, they want peace from our invisible planes. They swear.
Comments »AT&T to Buy T-Mobile for 39 billion
A monster deal was just announced: T is buying T-mobile from DT for 39
Bill in cash and stock.
Norway Enters the War
Reactors #5 and #6 Have Been Shut Down
Anti-Aircraft Guns Light Up the Skies of Tripoli (with Video)
Also, Pro-Ghaddafi forces are shelling the city of Benghazi. It’s only a matter of time before ground forces are needed.
[youtube:http://www.youtube.com/watch?v=shtKiZB5djE 616 500] Alleged footage of coalition action in Libya[youtube:http://www.youtube.com/watch?v=8is03ArDKcc 616 500]
USS Barry Fires Tomahawk into Libya
Comments »Raytheon Made at Least $68.9 Million During First Hours of Libyan War
Thus far, US/UK forces have fired off 114 tomahawk missiles at $569,000 per. A wise investment I am sure.
RTN is worth a look.
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