Daily Digest

Daily Digest 5/15 - Inside The CPI, Dow Sheds 1% As Inflation Rises, Obama Speeds U.S. Oil, Gas Drilling

Sunday, May 15, 2011, 9:45 AM
  • Inside the Consumer Price Index
  • Mauldin: Kicking the Can to the End of the Road
  • Dow Sheds Nearly 1% As U.S. Inflation Rises
  • Japan's Government Approves Tepco Compensation Scheme
  • Obama Shifts to Speed Oil and Gas Drilling in U.S.
  • Battle For Arctic Oil Intensifies As U.S. Sends Clinton To Polar Summit
  • University of Warwick Researchers Develop Golden Window Electrodes For Organic Photovoltaic Cells
  • Mississippi River Floodgate Opens, Inundating Cajun Country in Louisiana

Crash Course DVDThe 3-disc Crash Course features a handy presenter’s pack for guiding group showings (NTSC or PAL)

Economy

Inside the Consumer Price Index (woodman)

Let's do some analysis of the Consumer Price Index, the best known measure of inflation. The Bureau of Labor Statistics (BLS) divides all expenditures into eight categories and assigns a relative size to each. The pie chart below illustrates the components of the Consumer Price Index for Urban Consumers, the CPI-U, which I'll refer to hereafter as the CPI.

Mauldin: Kicking the Can to the End of the Road (JRB)

This week we turn from the crisis brewing in the US to the one that is coming to a slow boil in Europe. We visit our old friends Greece and Ireland and ponder how this will end. It is all well and good to kick the can down the road, but what happens when you come to the end of the road? The European answer seems to be to haul in the heavy equipment and extend the road.

Dow Sheds Nearly 1% As U.S. Inflation Rises (pinecarr)

Global economic uncertainty and anxiety over Europe's debt crisis saw US stock markets tumble nearly 1pc on Friday, as investors fretted over what Greece’s deteriorating finances mean for the future of the euro.

Energy

Japan's government approves Tepco compensation scheme (jdargis)

The move is to help it avoid possible power shortages during the peak season for demand.

Tepco plans to restart the 600 megawatt No 2 unit and 1,000 megawatt No 4 unit, both oil-fired, at its Hirono thermal plant, about 20 km (12 miles) south of the Fukushima plant.

    Crash Course DVDThe 3-disc Crash Course features a handy presenter’s pack for guiding group showings (NTSC or PAL)

Obama Shifts to Speed Oil and Gas Drilling in U.S. (jdargis)

Administration officials said the president’s announcement, which included plans for expanded drilling in Alaska and the prospect of new exploration off the Atlantic coast, was intended in part to answer those arguments, signal flexibility and demonstrate his commitment to reducing oil imports by increasing domestic production.

Battle For Arctic Oil Intensifies As U.S. Sends Clinton To Polar Summit (pinecarr)

WikiLeak cables show fears that Arctic resources rivalry could lead to military conflict between Nato and Russia.

University of Warwick Researchers Develop Golden Window Electrodes For Organic Photovoltaic Cells (guardia)

An ultra-thin film of air-stable metal like gold would offer a viable alternative to Indium Tin Oxide (ITO), but until now it has not proved possible to deposit a film thin enough to be transparent without being too fragile and electrically resistive to be useful.

Environment

Mississippi River Floodgate Opens, Inundating Cajun Country in Louisiana (jdargis)

Within 20 minutes after the first gate was lifted, several square miles of the Atchafalaya River basin were submerged. The spillway, built in 1954 and not opened since 1973, can release 600,000 cubic feet per second of water at maximum capacity. It may send enough water to fill a football field 10 feet deep every second across the heart of what is known as Cajun country, eventually filling an area almost as large as Connecticut.

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7 Comments

Mikey1052's picture
Mikey1052
Status: Bronze Member (Offline)
Joined: Dec 8 2008
Posts: 41
Lighting the fuse in the Middle East?

What might this do to the price of crude...

Arab Protesters descend or Isreli Borders

http://news.yahoo.com/s/ap/ml_israel_palestinians

 

Northernlights's picture
Northernlights
Status: Member (Offline)
Joined: Dec 13 2009
Posts: 5
Northernlights's picture
Northernlights
Status: Member (Offline)
Joined: Dec 13 2009
Posts: 5
saxplayer00o1's picture
saxplayer00o1
Status: Diamond Member (Offline)
Joined: Jul 30 2009
Posts: 4066
Treasury to tap pensions to help fund government

"The Obama administration will begin to tap federal retiree programs to help fund operations after the government loses its ability Monday to borrow more money from the public, adding urgency to efforts in Washington to fashion a compromise over the debt.

Treasury Secretary Timothy F. Geithner has warned for months that the government would soon hit the $14.3 trillion debt ceiling — a legal limit on how much it can borrow. With the government poised to reach that limit Monday, Geithner is undertaking special measures in an effort to postpone the day when he will no longer have enough funds to pay all of the government’s bills

Geithner, who has already suspended a program that helps state and local government manage their finances, will begin to borrow from retirement funds for federal workers. The measure won’t have an impact on retirees because the Treasury is legally required to reimburse the program."

Mikey1052's picture
Mikey1052
Status: Bronze Member (Offline)
Joined: Dec 8 2008
Posts: 41
The money trail...


Gold-Coin Sales at One-Year High Show Higher Prices in History<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


 


 


http://noir.bloomberg.com/apps/news?pid=20601087&sid=afWCgQHTsCqw&pos=6


 


 


Looks like smart money is still
flowing into gold not $’s


 


 

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