Morning Clips – 1/11/2010
- New York wants less salt in food – New York Times
- Now N. Korea wants peace treaty to keep talking - New York Times
- Blagojevich says ‘I’m blacker than Barack Obama … ‘ – Chicago Tribune
- Illinois’ unpaid bills reach $5 billion – Chicago Tribune
- Flare up of violence in Tijuana – L.A. Times
- A complaint in China could land you in a ‘black jail’ – L.A. Times
- AP Analysis: Stimulus has had no effect on employment – Associated Press (via The Plain Dealer)
- Heineken bids for FEMSA – MarketWatch
- Goldman Sachs Execs May be Forced to Give to Charity – CNBC
- China now world’s largest auto market – Bloomberg
Sen. Harry Reid
- Reid Apologizes for ‘Negro’ remarks – New York Times
- Op-Ed – Sandy Banks: It’s Not Reid Who Should Apologize – L.A. Times
- Dems launch offensive to save Reid – Politico
- GOP claim Lott-Reid Double Standard – Politico
Goldman Sachs Oil Forecast – $90 by 2010
Just a few days after OPEC projected oil at $90 per barrel in the first quarter of 2010, Goldman Sachs today is saying essentially the same thing:
Goldman Sachs Group Inc. raised its forecast for U.S. benchmark oil by 31 percent to $85 a barrel for the end of 2009 and predicted further gains next year as demand recovers and supplies shrink.
“As the financial crisis eases, an energy shortage lies ahead,” Goldman analysts Jeffrey Currie in London and David Greely in New York said in a report e-mailed today. The bank set a 12-month price target of $90 a barrel for West Texas Intermediate crude, up from $70, and introduced a forecast of $95 for the end of 2010.
Read the Rest of the Story at Bloomberg
