Tuesday, January 09, 2007

Quick Overview

  • Australian retail sails rose 0.2% in November, less than expected

  • Bush lifted a ban Tuesday on oil and gas drilling in Alaska's Bristol Bay, an area known for its endangered whales and the world's largest run of sockeye salmon.

  • The ABC News and Washington Post Consumer Comfort Index fell to -5 in the week ending Jan. 7 from -3 the previous week.

  • The U.S. Department of Energy expects world petroleum demand to increase 1.5 million barrels a day in 2007 to 86.3 million barrels a day. They expect world production to increase 1.1 million barrels a day to 85.8 million barrels a day.


  • The Chicago Board of Trade announced plans on Tuesday to launch derivatives based on the $5,000bn US commercial property market.

  • For generations Vito Chiesa's family has grown peaches for canning, but the Central California farmer plans to bulldoze his entire orchard if he can't get enough workers to handpick the fruit.

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