And we’ve had another week of ridiculous rallies and savagery sell-offs, leaving crude markets…ooh, not all that changed, actually. The European debt crisis has been eased by France/Belgium guaranteeing the bad debt of Dexia, while the ECB has promised further bond purchases to calm default fears. A better-than-expected US employment report has been gladly accepted by markets (note: do not confuse ‘better-than-expected’ with ’strong’), while global economic worries continue to bubble away under the surface. Natural gas has spent the week plundering to new low after new low, as warmer outlooks look set to quell some heating demand, while strong supply is omnipresent. But enough from me, hark, bites to see:
–Peak oil postponed.
–Does expensive oil inevitably cause a recession?
–12 lessons for us all from the life of Steve Jobs.
–UT making a big bet on algae.
–Biofuels may push 120 million people into hunger by 2050.
–27 mile police chase…at 10mph.
–’Solar-coaster’ hits as sun sets on federal subsidies.
–Flow chart to help to pick which one of 100 Sci-fi books to read.
–North Sea gas production falls 25% from previous year.
–The shape of things to come? China outbids oil majors in Iraq.
–Earlier bedtimes means slimmer children.
–Report highlights the need to clean the Gulf of Mexico.
–Curry-eating contest leaves two in hospital.
The Burrito Deluxe Award of the Week goes to this interview with Michael Lewis on NPR about the financial crisis. As I listened I was hugely impressed, without realizing it was one of my favorite writers. (think ‘The Blind Side’, ‘Moneyball‘ – yep, the movies - and financial books such as ‘Liar’s Poker’ and ‘The Big Short’). Legen…wait for it…dary.
The Burnt Burrito Award of the Week goes to the lack of a Greek default. Both Greece / the Eurozone can take their own lesson from the song ‘The Gambler’ by Don Schlitz…’Got to know when to hold ‘em, know when to fold ‘em. Know when to walk away. know when to run’.
The Burrito Heartwarming Interlude Award of the Week goes to this video of a deaf woman hearing for the first time.
Have a tip-top, rockin’ weekend!