"Israeli markets dip, but shrug off Iran rhetoric" by Steven Scheer
JERUSALEM, July 8 (Reuters) - Iranian comments on Tuesday that Tel Aviv would be among its first targets if Israel attacked did not affect financial markets in Israel's business centre, which were more concerned by falling shares abroad.
Neil Corney, treasurer at Citicorp's office in Tel Aviv, cited Israeli market indifference to other events in recent years that could have rocked local asset prices but didn't.
Corney and most other analysts believe Israel's current account surplus in its balance of payments and being in a rising interest rate environment in order to keep inflation in check as well as a globally weak dollar were underpinning the shekel.
Israel has a SURPLUS?!
Then WHY are they getting US AID?!?!
Oh, the AmeriKan MSM is SHIT!!!
They made a BIG DEAL of IRAQ'S SURPLUS and IGNORE Iz-ray-HELL, huh?
Yup, ZIONIST-CONTROLLED MSM, all right!!!!
Now for YOUR SHIT ECONOMY, Americans!!!
Aren't you SO GLAD this government has $$$ to subsidize Israel?!
"Oil drops as growth slows in EU nations" by Bloomberg News | July 8, 2008
DALLAS - Crude oil fell more than $3 a barrel yesterday amid signs economic growth is slowing across Europe and may curtail demand for energy.
O.K, let's check the GAS PRICES then!
"There has been a lot of focus on how weak the US economy is without necessarily recognizing that the European economy may be weakening, the Japanese economy may be weakening," said Tim Evans, an energy analyst for Citi Futures Perspective in New York. "It's not only about the US."
Crude oil for August delivery fell $3.92, or 2.7 percent, to settle at $141.37 a barrel on the New York Mercantile Exchange, more than double what it was a year ago. The record high was Thursday, when futures reached $145.85.
The national average for a gallon of regular gasoline rose 0.1 cent overnight to a record $4.11, AAA said. The average gas price rose 2 cents in Massachusetts to $4.08 for a gallon of self-serve regular unleaded gas in its latest weekly survey, AAA Southern New England said.
Supply and demand, blah, blah, blah!
FUCK THEM!! I am TIRED of being LIED TO!!!!!!!!!!
Oil declined as much as 4 percent during yesterday's session, dampened by the dollar's gain against the euro.
WTF?! The dollar GAINED, and yet gas prices STILL WENT UP?!
The US currency rose to the highest against the euro in a week amid speculation that leaders from the Group of Eight industrialized nations may signal support for the dollar and address high energy prices. Leaders from the G-8 - Canada, France, Germany, Italy, Japan, Russia, the United Kingdom, and the United States - may consider the effect of high energy prices at a three-day summit that began in Japan yesterday.
That's all a bunch of HOT FART MIST!!!
Speculation of an attack on Iran that could disrupt exports from OPEC's second-largest producer helped push oil to its record last week, and on Sunday Iranian Foreign Minister Manouchehr Mottaki's comments on CNN had the reverse effect.
Yeah, IRAN drives the price LOWER with PEACE TALK, and our "friends" the Israelis drive it HIGHER with its WAR CHATTER!
Heating oil for August delivery fell as much as 4.1 percent yesterday."
Yeah, but that isn't going to drop the HOME HEATING OIL price, is it?
--MORE--"
Don't worry, America. You won't have a car, anyway -- or a job to drive it to:
DETROIT - General Motors Corp. may get rid of some brands, speed the introduction of small cars from other markets, and make further white-collar job cuts as it tries to deal with a shrinking US auto market.
Further job cuts could be considered by GM's board of directors when it meets in early August, The Wall Street Journal reported yesterday.
--MORE--"
CLEVELAND - Procter & Gamble Co., the maker of Tide laundry detergent and Head & Shoulders shampoo, will raise prices as much as 16 percent because of higher costs for plastic, energy, and paper.
P&G previously added 4 to 8 percent to prices in the past 18 months. US consumers have slowed spending as costs for milk and bread increase and gasoline remains above $4 a gallon. The US economy lost jobs for the sixth straight month in June, the Labor Department said last week, raising the risk that people will cut back further.
--MORE--"
Yup, HIGHER PRICES and LESS PLACES to get things:
NEW YORK - Vacancies at US neighborhood and community shopping centers rose in the second quarter to a 13-year high, while vacancies at larger, regional malls were at their highest level since 2002, research firm Reis Inc. said.
The average vacancy rate at neighborhood and community malls rose to 8.2 percent, up from 7.3 percent a year earlier and the highest level since 1995, the New York real estate researcher said. At regional and super-regional malls, vacancies increased to 6.3 percent, up from 5.6 percent a year earlier and the highest since the first quarter of 2002, Reis said.
Retail sales and demand for shopping center space are being hurt by rising unemployment, increasing food and gasoline costs, and declining home values. US employers cut jobs in June for a sixth straight month, and the jobless rate remained at 5.5 percent after jumping in May by the most in two decades, the Labor Department said last week.
The amount of retail space being abandoned, "consistent with store closures, is at its highest level in almost 28 years," or as long as Reis has been collecting data, Sam Chandan, the firm's chief economist, said in an e-mail message.
Retailers Linens 'n Things Inc., Sharper Image Corp., Lillian Vernon Corp., Bombay Co., and Levitz Furniture Inc. have all filed for bankruptcy protection as credit has become harder to obtain and consumers have cut back on purchases.
Asking rent growth at neighborhood and community shopping centers dropped to 0.4 percent in the second quarter from 0.5 percent in the first quarter and 0.8 percent a year earlier, Reis said.
"It's certainly slowed down, but it's not real scary here," said Robert McGuinness, property manager of Midway Shopping Center in Scarsdale, N.Y., which has Linens 'n Things as its anchor tenant and another space that's been vacant since 2005. That vacancy has led potential tenants to seek rent discounts, he said.
"People come here looking for a bargain," McGuinness said yesterday in an interview with Bloomberg Television at the shopping center, where a large banner, emblazoned "Store Closing," hung above the entrance to Linens 'n Things. "They say, you know, space has been vacant for so many years now. We want this, we want that."
Neighborhood shopping centers typically have 30,000 to 150,000 square feet of retail space and are anchored by a supermarket, according to the International Council of Shopping Centers. Community centers usually have 100,000 to 350,000 square feet of space, are open air, and are anchored by two or more discount department, drug, grocery, or home improvement stores.
Reis tracks data for about 1.97 billion square feet of neighborhood and community shopping center space across the United States.
At regional and super-regional malls, the growth in rents was 0.2 percent in the second quarter, down from 0.4 percent in the first quarter and 0.9 percent a year earlier, Reis said.--MORE--"
Speaking of which, I guess there will be one more empty space at the local mall, huh?
"Steve & Barry's to close 100 stores; may liquidate
Steve & Barry's, the Port Washington-based clothing retailer that opened more than 200 dress-down stores in the past few years and is the home of splashy but low-price apparel and footwear by the likes of Sarah Jessica Parker and Stephon Marbury, plans to close 100 outlets and is considering liquidation if it can't find emergency financing, according to a published report.
As recently as March, a Newsday story quoted executives at Steve & Barry, a privately owned company, saying it has been growing from 30 percent to 100 percent a year for 15 years. Key creators of apparel and footwear include Sarah Jessica Parker, Amanda Bynes, Stephon Marbury and Venus Williams."
But, but, but... where am I going to get my Stephon Marbury tee-shirts?
If you ever been in one, you know all the apparel is made in offshore sweat shops, but....
Oh, well, at least you will always have that pension, 'murka!
Report says weak markets, credit crunch have drained $280 billion from plans of largest U.S. companies."
Whoops!
Never mind, Americans.
Just go back to eating shit and sending $$$ to Israel like a good sot!
