| Tech merger possibilities buoy stocks; energy heats up
Stocks edged higher Monday, as investors overlooked fresh worries in financial stocks and focused on merger prospects among technology companies.
Energy stocks were big winners, as oil prices moved higher in futures trading.
The Dow Jones industrial average added 57.88 points, to 12,240.01. International Business Machines and Boeing were the biggest contributors to the gain among the 30 Dow industrials.
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Bush Failed Policy Domestic
Add to this grim picture growing unemployment and the financial crisis due to the subprime mortgage mess, and you can understand the situation we are in. Tuesday, January 1: Ralph Lopez: *Why We Should Not Mess With Iran The people of Iran are not our enemy. They don't hate us. Saturday, December 29: Ron Corvus: The Path To Democracy - NOT! (8 comments) The path to democracy is pure BS. I challenge anyone, anywhere, anytime to show me any lawful or constitutional authority which authorizes our government using military force - covert or overt - to "create a path to democracy" and to "nationbuild." There simply is no such thing. Wednesday, December 26: Cheri Roberts: Adding By Subtracting (12 comments) We need to drop the more controversial and circumstantial aspects of our repertoire in the language we use to move the 9/11 Truth message and mission forward.
Aboriginal numbers soar, census shows
Canada's aboriginal population has increased 45 per cent over a decade and cracked the one-million mark for the first time since records have been kept, new census data indicate. In 2006, 1,172,790 people said they were members of at least one of three aboriginal groups: North American Indian, Métis (mixed native-European descent) or Inuit. The fastest gain in population of the three groups was in the Métis population, which almost doubled in 10 years. Those who identified themselves as Indian increased by 29 per cent, while the Inuit population went up 26 per cent. Between 1996 and 2006, the aboriginal population increased 45 per cent, a rate nearly six times faster than the 8-per-cent growth for the non-aboriginal population over the same period.
USD/CAD May Find Parity Once Again As Canadian Data Provides Event ...
NZ Retail Sales Data May Decide. Feb 13 - AUD/USD May Target 0.9100 As Labor Market Data Supports Hawkish RBA Feb 12 - GBP/USD Upside Risk Looms Ahead of BOE Inflation Report and US Retail Sales Feb 11 - Euro: ZEW Investor Survey Likely To Reflect Bearish Sentiment in FX, Equities Feb 08 - GBP/USD May Climb As Inflation, Trade Data Highlight BOE's Conundrum Feb 05 - USD/CAD: Ivey PMI May Signal Weak Jobs Data, Possible Rate Cut by the BOC? Feb 07 - USD/CAD May Find Parity Once Again As Canadian Data Provides Event Risk Feb 06 - Euro: Traders Are Betting On Dovish ECB Rhetoric - What If They're Wrong? Feb 04 - The RBA May Hike, But Will AUD/USD Rally In Response? Not Necessarily. Feb 01 - Australian Data May Set the Stage for 25bp Rate Hike by the RBA On Monday Jan 31 - EUR/USD: Manufacturing Data May Confirm Slowing Global Growth Jan 29 - Will the Fed's Rate Decision Support EUR/USD, Treasuries, and the Dow? Jan 30 - Will the Release of US Q4 GDP Curb Expectations for a 50bp Fed Rate Cut? Jan 28 - US Dollar: Consumer Confidence May Highlight Poor 2008 Spending Outlook Jan 25 - US Home Sales May Set the Stage for the Fed Rate Decision - Will They Cut? Jan 23 - US Housing Data May Exacerbate Recessions Fears, Lead Dollar Lower .
Goldman Sachs reduces '08 base metals forecast, maintains $750 gold
Citing downgrades in global economic activity, Goldman Sachs reduced its 2008 base metals price outlook, advising a stronger U.S. dollar will pressure gold prices lower to an average of $750/oz.RENO, NV Demand concerns and rising supply have convinced Goldman Sachs commodity analysts to forecast a "retrenchment in commodity prices from recent highs, which has already largely occurred." Noting that base metals are most closely related to the industrial cycle with expected global economic activity expected to decline, commodities analysts reduced their 2008 base metals forecasts, but added they "still expect prices to reach historically high levels in some cases by year-end." Nevertheless, Goldman Sachs recommended opening a long timespread position in copper.
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