• From McClatchy News Service: What role Wall Street investors play in the high cost of oil is a hotly debated topic in Washington. The Obama administration, the Bush administration before it and Congress have been slow to take steps to rein in speculators. The Saudis, however, have struck a steady theme for years that something should be done to curb the influence of banks and hedge funds that are speculating on the price of oil, according to diplomatic cables made available to McClatchy by the WikiLeaks website.
  • http://www.mcclatchydc.com/2011/05/25/114759/wikileaks-saudis-often-warned.html

Comments

Add comment

Login or register to post comments

Is Amazon the #1 Threat To Jobs?

The conventional wisdom is that outsourcing to places like China is the biggest threat to American jobs.

And while that's definitely true, there's a new threat on the horizon.

As it expands out from its online bookstore roots, Amazon has approached virtual monopoly status - and regular retailers are paying the price.