Saturday, July 13, 2013

Saturday Links, News, And Views


Section D (Off Duty) has some interesting articles but due to limited time, no links right now.

I will definitely read "Who Ruined the Humanities," Section C (Review), later.

This, too, will have to wait: Boeing 787 Dreamliner catching fire in London poses new risk for Boeing; cause of fire not known; came back to flying just three months ago.

Longer story on ATT's bid to buy Leap Wireless (Cricket) for $1.2 billion.

For investors only: Daimler doing very, very well in US, China; Renault and VW facing challenges.

This may end up with a post of its own: union leaders seek changes to O'BamaCare. Who wudda thought? As Ms Pelosi said: pass the bill so we can read it to find out what's in it. Apparently union leaders have finally read it and don't like what they see: TrainWreck.

Prices for gasoline surged this past week due to glitches/slowdowns at refineries, raising concerns about supply. 

This wouldn't surprise me at all: the overthrow of Egypt's Morsi was planned well in advance: In a reversal, opposition and Mubarak-era forces are united today. Suggestions that Morsi's overthrow was planned in advance, as opposed to an emergency response, have implications for U.S. aid. Sort of like GM's bankruptcy plan.

Op-Ed: Democrat's anti-business stance in Detroit --
Standing next to his Ford F-150 pickup truck, John Frye surveys the buzz of activity at his industrial site on the Detroit River as a steady stream of trucks unloads petroleum coke—a coal-like, carbon energy source—for export. He and his brother Nolan are the proud owners of Detroit Bulk Storage, which also stores bulk commodities like salt and gravel.
The Fryes' operation has brought commerce to a moribund Detroit waterfront choked with weeds and abandoned warehouses. The activity is a direct result of Marathon Oil's huge refinery expansion here processing the gusher of oil from Canada's Alberta oil reserves—bringing needed tax revenue and hundreds of jobs to an inner city on the verge of Chapter 9 bankruptcy.
Yet the experience of Detroit Bulk Storage also offers a window into the antibusiness environment that has helped drive Detroit to fiscal insolvency. In a microcosm of the Democratic Party's wider war on carbon that is hampering America's economic recovery, the brothers' 20-employee company has become a prime target for harassment from politicians. By going after the city's burgeoning industry in pet coke—a byproduct of oil-sands refining—"green" politicians like Detroit's U.S. Rep. Gary Peters hope to further discourage Canadian oil exports from ever making it to the Keystone Pipeline or other American refineries.
47% of the population will never get it.

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