| Ethanol: Inequity for Farmers
Besides, land is a worthless asset to a farmer since real farmers will never sell their land. Speculators got burned during the farm depression of the 1980s, a period when I lost more than 2,000 acres I had spent 15 years assembling. Fortunately, I was young enough to recover and replace land lost at much cheaper prices. Ethanol is a flash in the pan, so do not fret. The federal government will never let a farmer make any money. That is why it has turned into a welfare profession for grain farmers in Iowa. Without the government welfare check, each Iowa corn farmer would be broke. Have a great day. .
Timminco Announces Third Quarter 2007 Results ...
The Silicon Group reported positive net income before amortization, interest and taxes ("EBITDA") for both the third quarter and the nine months ending September 30, 2007. The Magnesium Group reported a loss at the EBITDA level for both the third quarter and year to date. Continued challenges in operations in both businesses and in Fundo Wheels resulted in a net loss for both the quarter and year to date. "The positive developments in the solar silicon business, with strong demand and rising prices, are most welcome. We continue to be very optimistic about the opportunities in this business. For the third quarter, operating results in both the silicon metal and magnesium businesses were affected by operating issues and a strong Canadian dollar. In the Magnesium business, a weakening US housing sector is not helpful," noted Heinz Schimmelbusch, Chairman and CEO of Timminco.
Govt to promote coal as alternate energy source
British investors, nursing heavy losses after a turbulent week, will track surging oil prices next week amid the latest results from energy titans BP and Royal Dutch Shell. The FTSE 100 index plunged by 3.01 percent or 202.8 points to end the week on Friday at 6,527.90 points. The large drop,...
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Tech Is Walking the Bear-Market Walk
WHEN THE MARKET LIMPED into the weekend after a dreary start to the new year, one of the biggest casualties was the computer hardware sector. Considering that the high-flying Apple is one of its more prominent members, that is saying something. Technology in general is starting to walk the bear-market walk. Computer hardware was thumped last week. Semiconductors have been sliding since July. And networking has confirmed a major technical topping pattern. Clearly, something is not well and risk levels remain high. In technical analysis and trading in general we are often advised to trade what we see and not what we think. While many still believe the economy is sound or at least not heading towards recession the tech sector is walking a different walk. I won't pretend to know where the economy is heading but if a growth-stock area such as technology is heading south then I've got to believe that the stock market is trying to tell us something.
South Africa: Global Market Sell-Off Plays Havoc With JSE
But a global recession was "very likely". Analysts around the world continued to cite fears of a global slowdown as the reason for the markets' continued sell-off -- which left the JSE 11,3% weaker on the year by the close of business yesterday. The JSE is not the worst performer, however. Japan's main Nikkei index is down more than 14,5% and only 13 of the 90 indices tracked by Bloomberg have made any gains in dollar terms this year. The three exchanges that have risen most in the year to date are Kuwait (6,21%), Mauritius (5,95%) and Ecuador (5,02%). Yesterday's bad news included the fact that Fortis, Belgium's largest financial services company, became the latest victim of subprime losses; Nippon Steel showed an unexpected profit fall; and the UK started to talk about the possibility that it too was facing a recession.
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