Oil Prices Slide

Oil prices dropped today as concerns about the economy, and the strength of the recovery grow.

From Yahoo/AP Oil prices slide

Oil prices fell again as investors took profits amid renewed concerns about the global economy. A three-day decline has erased most of the gains for the month of November.

Benchmark oil for December delivery fell $2.52, or 3 percent, to $82.34 a barrel Tuesday on the New York Mercantile Exchange as traders considered Ireland's ongoing debt problems and worries about higher inflation in Asia.

Meanwhile, pump prices inched higher overnight to a national average of $2.893 a gallon for unleaded regular gasoline, according to AAA, Wright Express and Oil Price Information Service. The price is about 6 cents higher than it was a month ago and 26 cents more than a year ago.

Oil prices have fallen 6.1 percent since Thursday, when speculation arose that China would take steps to control its economic growth. On Tuesday, South Korea's central bank raised interest rates to curb growing inflation. Add in some concern about Ireland's impact on Europe's economic recovery and investors found good reason to secure some recent profits.

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Wall Street Sells Off Early

Stocks open lower today...

From Yahoo/AP

NEW YORK (AP) -- Stocks retreated Tuesday following new worries about rising inflation in Asia and the possibility Ireland might need a bailout.

The Dow Jones industrial average fell 73 points in morning trading. The losses piled up even as shares of two components of the index, Home Depot Inc. and Wal-Mart Stores Inc., rose more than 2 percent following improved earnings.

Asian markets fell overnight after South Korea's central bank raised interest rates to curb growing inflation. There has been speculation in recent days that China will have to take similar steps soon.

A report in the U.S. showed inflation at the wholesale level was smaller than predicted. The producer price index rose 0.4 percent last month, half of what economists' expected. The rise was due to a sharp increase in food and energy costs. Stripping out those volatile costs, prices fell 0.6 percent. The report backs up the Federal Reserve's view that inflation remains low because of sluggish growth.

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Worth Looking At...

Below are a handful of quality charities worth looking into. These provide either a practical application for charitable work, or provide a different look on how charities can be viewed.Hire a Veteran
CGI
Online Charity
International Charity
US Education

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Girls Education

The Central Asia Intitute is a remarkable organization providing education, and specifically focusing on girls education in Pakistan and Afghanistan. On their website they list the following as just a part of what they have accomplished so far...

Education Projects

Education
145 schools fully or partially supported
1200+ fully or partially supported teachers
School library projects
824 graduates from Porter Training Program
Teacher Training Workshops
64,000 students educated, including 52,000 girls

The books written by Greg Mortenson - 'Three Cups of Tea' and 'From Stones to Schools' follow the establishment and activities of the CAI. They wonderful books that will make you feel good about the generous spirit of so many people in Asia and America alike.

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Energy Policy Needs to Be Addressed

Excerpt from Purple People Vote for Moderate and Independent Voters

The elections are over, the House is controlled by Republicans and the Democrats no longer have a super-majority in the Senate. So the question now is, ‘Can they work together?’ Only time will tell.

However, there is one issue (at least) that lends itself to bipartisan compromise – Energy. There are all sorts of good reasons to want a substantive energy policy. In fact there are so many reasons for addressing energy policy that Republicans and Democrats don’t have to be motivated by the same rationale…

The socio-political rationale: We purchase much of our oil from dangerous and volatile regions of the world that often don’t like the U.S. very much.

Environmental rationale: Energy derived from fossil fuels is not good for the environment.

Supply rationale: Some day we will run out of oil and coal.

Economic rationale: High energy costs and fluctuating energy costs negatively impact the economy in numerous ways...

Continue reading Will Congress Have the Backbone to Address Energy?

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The Voters Speak - But What Did They Say?

Re-posted Graham: People Don't Love Republicans - It was Obama Overreach

Greta Van Sustren did a couple post election interviews that provided forthright, honest, at times very blunt assessments of the election results. One with Senator Lindsey Graham, the other with Senator Orrin Hatch. Both these Senators have worked across the aisle in the past, and have received heat from there own party for doing so.

GretaVan Sustren: What did you think about the Presidents press conference yesterday? Were you convinced that he was properly chasten because there was a message from the American people; or not? You shake your head no.

Senator Lindsey Graham: Well, I just don’t think he understands that it was his policies that got him into this mess. You know President Obama came in with a wave of hope. The American people picked this young man, they were hopeful he could change things, and the policies, health care and the process passing health care was everything different than he said it would be. The stimulus package, the financial regulation bill, the amount of debt, the growth of government – people rejected his policies. He lost his own Senate seat. Illinois voted for a Republican, a moderate Republican, how much clearer message can you get/give to the President. People of Illinois, like him personally, saying you’re going the wrong way. We want to check and balance you, and I don’t think he understands that. It was policies not personality that got him in this mess. People don’t love Republicans. It wasn’t like people in Illinois woke one day and said ‘Boy, I’ve been a Republican all these years and didn’t know it. It’s the Obama overreach."

Senator Orrin Hatch has been very critical of the health care legislation. He provides a unique perspective because he has often worked with Democrats specifically on health care legislation like s-chip. His entire interview is worth viewing, but he provide an amusingly blunt assessment of the health care bill when he said...

"I was going to say it was a piece of crap, but that would not be fair to some people who were very sincere in trying to do what is right."

Recommend checking out these two interview at the 'On the Record' home page.

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Independent Skin Care

A couple quality sites that have dramatically different product offerings are Dr. Dog Pet Health Care and BioScriptives Skin Care. Dr. Dog provides pet care information and pet products with a focus on pet skin care. BioScriptives Skin Care focuses on the most advanced technology to deliver top of the line skin care products that include treatments for acne, rosacea, and more. Completely different sites, both are worth viewing.