Archive for March, 2011
Housing Starts See Biggest Drop Since 1984
March 16th, 2011Via: Reuters: Housing starts posted their biggest decline in 27 years in February while building permits dropped to their lowest level on record, suggesting the beleaguered real estate sector has yet to rebound from its deepest slump in modern history.
Long Natural Gas
March 16th, 2011WARNING: This is not a recommendation to buy, sell or hold any financial instrument. Just disclosing that I’m long natural gas (UNG) as of this morning.
‘Blood Money’ Frees CIA Contractor in Pakistan
March 16th, 2011Via: AP: An American CIA contractor detained on suspicion of murder was released on Wednesday after families of the two Pakistanis he killed were given “blood money” and the case was dropped, Pakistani officials said. The killings and detention of Raymond Allen Davis had strained ties between Pakistan and the United States and added to […]
Steepest Rise in Food Prices in 36 Years
March 16th, 2011Via: AP: Wholesale prices jumped last month by the most in nearly two years due to higher energy costs and the steepest rise in food prices in 36 years. Excluding those volatile categories, inflation was tame. The Labor Department said Wednesday that the Producer Price Index rose a seasonally adjusted 1.6 percent in February — […]
JAPAN ESTABLISHES 10KM EVACUATION ZONE AROUND THE DAINI NUCLEAR POWER PLANT
March 16th, 2011Via: CNN: [3:07 a.m. ET Wednesday, 4:07 p.m. Wednesday in Tokyo] As a safety precaution, the Japanese government is now telling people living within a 10-kilometer radius of the Daini plant, the second nuclear power plant in Fukushima, to evacuate. The Daini plant, which has four reactors, has reported fluctuating temperatures at its suppression pools. […]
High Demand for Private Jets as Wealthy Flee Japan
March 16th, 2011Via: Reuters: Thousands of people desperate to escape Japan’s deepening nuclear crisis have inundated private jet companies with requests for evacuation flights, sending prices surging as much as a quarter. Some multinational companies are pulling international staff out of Tokyo and surrounding areas after low-level radiation reached the metropolis on Tuesday. Workers are fleeing for […]
France Says Japan Losing Control of Nuclear Emergency, French Should Leave, or Head South
March 16th, 2011Via: Reuters: The French government said on Wednesday that Japan was losing control of the situation at the Fukushima nuclear power plant and urged its nationals in Tokyo to leave the country or head to southern Japan. The government has asked national carrier Air France (AIRF.PA) to increase capacity on its flights between Tokyo and […]
China Places Largest Non Military Ship Order Ever
March 16th, 2011Via: Dow Jones: China ordered 50 to 100 new container, tanker and dry-bulk ships Monday under a deal financed by a private-equity consortium led by Carlyle Group. Valued at between $5 billion and $10 billion, it’s the biggest private-sector shipping deal ever, analysts said. The new joint venture, which will lease the vessels to China, […]
Fukushima Workers Withdraw After Radiation Spikes
March 16th, 2011Via: BBC: A spike in radiation levels at Japan’s stricken Fukushima nuclear plant has forced workers to suspend their operation, a government spokesman says. He was speaking after smoke was seen rising from reactor three. Earlier, a blaze struck reactor four for the second time in two days. Friday’s 9.0-magnitude earthquake and tsunami, which killed […]
Japanese Stock Market Stabilizes, Nikkei Up Over 4% Intraday
March 16th, 2011Profit taking / short covering. Monitoring…
