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the energy information administration the nonpartisan statistical arm of the u.s. energy department says heating oil costs will be up 36 this winter with natural gas costs projected to rise 23. having recently moved back to california after 18 months in connecticut and paying nosebleed amounts to heat the house there its a certainty these projected increases will have some people there in absolute...
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i come from immigrant stock and think often of my greatgrandparents who refused to learn english and suffered for it. i think of how their son went to work as a teenager during the great depression for a couple of nickels an hour and ended up with a pretty nice life after working 47 years in a steel mill during which time he missed only one day of work. i think of these family members at the stran...
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the entire threehour cnbc transcript from this morning for all you buffettophiles. personally i dont trust anyone this lucid at 5 am.......
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googles to do list organize the worlds information check. cloud based software free email check. solve the worlds energy problem ch eck. googl e.org the philanthropic arm of the search giant has invested 10.35 million in a revolutionary new geothermal energy technology. its called enhanced geothermal systems and its reported that the system could generate thousands of times the yearly amount of ener...
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fords expects their new threerow lincoln mkt behemoth to only have annual sales of 20000 or so. putting a boat car like this into production now is akin to a junkie saying he really does want to quit but needs to taper off by shooting up occasionally.......
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a few months back i reported on a house in detroit that was selling for 100 using the perhapspresumptuous title bottomed out. apparently such an assumption would have been premature the home at 8111 traverse street a few blocks from detroit city airport was the nicest house on the block when it sold for 65000 in november 2006 said neighbor carl upshaw. but the home was foreclosed last summer an...
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a123 systems files proposal for ipo lithiumion battery maker a123 systems which aims to sell into the electric vehicle market has filed the initial registration statement required for an initial public offering. the number of shares to be sold or price has not yet been determined. nokia opens research unit in africa aiming to keep ahead in africas growing telecommunications market handset maker ...
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chinas economy is slowing down. so says the ny times calculated risk and clusterstock citing a number of indicators like less exports declining real estate prices and collapsing stock market. given that china has no experience with the bust part of the boombust cycle of capitalism one wonders what will happen when things get bad. from former secretary of labor robert reich. the real competition lu...
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this post is not meant to be a fair rendering of the recent housing bill.a it is meant to be a rendering of its faults.a part of the difficulty here is the effort that would go into reading pagebypage the whole document.a my guess is relatively few legislators read the full document and even staffers would have had a hard time making their way through it. now for unbiased renderings i offer you n...
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andy fbr pees on amd following that atrocious earnings report yesterday. revenue came in light at 1.35 billion vs. the street estimate of 1.45 billion. pro forma eps of 0.66 missed consensus of 0.52. shipments were down asps were read more......
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sigha if you live in the united states like i do then i have some very bad news about where your tax money is going yes thats right more solar energy plants and now yet another attempt to break the record for biggest stupidest most expensive solar power installation. this time its in florida. as if the power projects in places like nevada could get any worse now theyre apparently trying to go ...
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matt simmons fresh from schooling henry blodget on the definition of peak oil is making the rounds and getting his 2 cents in. the legendary head of simmons company international turned a few heads yesterday on cnbcs fast money. his thoughts on telecommuting and other topics make sense and it is too bad nobody acted on his recommendations years ago although the panelists looked bewildered by his...
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from clusterstock so far it seems as though the tax rebate checks arent so much stimulating the economy as they are walmart exxon and your food bill. and soon apple whose 3g iphone comes out next friday. if there is anything left after that people might actually be paying down debt andor saving their checks. and of course theres one more way the tax rebates are adding stimulus porn. from an ad...
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we didnt get stimulus checks. obviously its because the irs hates us. if we did wed probably just waste it on 3g iphones like everyone else on the internet. in middle america however theyre spending their checks at walmart the lines at sears were too long the gas station and groceries. and it seems porn. according to corey lorinsky of clusterstock the porn industry is claiming a surprising rise ...
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the smiley face is completely dead but now so is the hyphen and the battleship blue color scheme. according to clusterstock now that walmart wmt is everyones favorite stock pick including jim cramers the company will try to shed its dowdy image with this new logo. the news first came out when a shelby tennessee store builder blabbed that he was instructed to affix walmarts new logo to a recently b...
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morgan offer for wachovia makes sense todd sullivan value plays refers to stocks bsc jpm sti wb seeking alpha baby boomers face massive loss of retirement wealth due to housing market meltdown a plummeting house prices will leave millions of homeowners dependent on social security in their retirement a projects that if house prices were to stay the same through 2009 the median household ...
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a harris interactive poll says google goog is the best company in the u.s. heres a dissenting view offered by a valley bigwig in the course of discussion of yahoos problems. yahoos exec turmoil mr. big tells us is only slightly worse than that of its peers. and here mr. big rattles off a list of big tech companies he says are plagued with management strife microsoft msft ebay ebay google goog... ...
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on silicon alley insiders new clusterstock site henry blodget has a post that should make some apple shareholders very happy. citing a morgan stanley report blodget said that the iphone may well account for more than a quarter of apples 2009 revenue. morgan stanley forecasts have apple selling upwards of 27 million iphones in 2009. using the nonsubsidized price of 550 per unit the wall street ...
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from clusterstock good news for apple aapl fans. in 2009 iphone sales should start to become material to the companys overall financial performance possibly very material. morgan stanley expects iphone sales to at least double in 2009 to 27 million units. at 200 a phone thats 5 billion of revenue. despite the recent price cuts morgan stanley uses an average unit price of 550 per phone. this seem...
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best buy bby beat wall streets expectations for q1. but shares dropped 4.8 today. why perhaps because best buy maintained but didnt raise its fullyear guidance despite its q1 beat. profit guidance above consensus revenue below consensus. is that because gloomier times are ahead we see how you might get that impression by reading this quote from cfo jim muehlbauer included in the companys earni...
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from clustersto ck kaufman bros. sees almost 50 upside for internet content company the knot knot. kaufman thinks that as the leader in the wedding market the knot can provide advertising solutions to local businesses and market new content verticals. weve heard that one before. the wedding market is likely very exposed to consumer spending pressure and entering new verticals is a lot more difficul...
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