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Strategies & Market Trends : Mish's Global Economic Trend Analysis -- Ignore unavailable to you. Want to Upgrade?

To: ild who wrote (39038)	10/12/2005 12:36:09 PM
From: CalculatedRisk	Respond to of 116555

Bies warns on risky lending practices washingtonpost.com Text of speech: federalreserve.gov

To: ild who wrote (39038)	10/12/2005 1:18:11 PM
From: mishedlo	Read Replies (2) \| Respond to of 116555

Mission Accomplished A job well done. Iraq oil output falls behind pre-war levels Iraq's oil production has fallen below prewar levels to its lowest point in a decade, depriving the country's fledgling government of badly needed income and preventing the United States from achieving one of its main reconstruction goals. Iraq's oil wells, beset by equipment problems and saboteurs, are producing about 1.9 million barrels a day in net production, lower than the 2.6 million they were producing just before the 2003 U.S.-led invasion, according to the London-based Centre for Global Energy Studies. ... tucsoncitizen.com

To: ild who wrote (39038)	10/12/2005 1:28:26 PM
From: mishedlo	Respond to of 116555

Wall St. Journal to Shrink Page Size, Joining Trend to Cut Newsprint Costs THE Wall Street Journal, which is reducing its international editions to tabloid size later this month, announced yesterday that it was shrinking the width of its United States edition as part of a $100 million overhaul of the newspaper. >/i> nytimes.com

To: ild who wrote (39038)	10/12/2005 2:24:35 PM
From: Knighty Tin	Respond to of 116555

I know your friend and I wish him well.

To: ild who wrote (39038)	10/12/2005 2:33:42 PM
From: Elroy Jetson	Respond to of 116555

My Father owned a gas station for ten years and it lost roughly $90k per year for ten years until the partners razed it and turned it into a building for a restaurant. Why would anyone run gas station to lose a million dollars? The motivation eludes me. If an owner-operator had run this service station himself, it might have been marginally profitable, but either way gas stations are a very bad business. There are few refiners, so little competition -- and at the same time many service stations, so much competition. You can easily guess that almost all of the profit ends up on the refiner's side of the table. .