Friday, November 28, 2008

SPB News for Friday.


For stores, the holiday season may already be over The holiday shopping season begins Friday with a blitz of early morning specials. For some merchants, though, it's practically over already. Piles of jewelry, clothing and electric drills are bypassing store shelves and heading straight to liquidators by the caseload as stores try to save as much cash as they can.

Iraqi Lawmakers Extend Agreement With U.S. Military for 3 Years — The Iraqi Parliament on Thursday approved a security pact that charts the way for the U.S. military to end its presence in Iraq eight years after the invasion by a U.S.-led coalition led to the fall of Saddam Hussein.

Taliban, drug lords await $770m opium bonanza Opium production in Afghanistan will contribute $US500 million ($770 million) to drug lords and the US this year and has increased in the south - where Australia's troops are based - despite a drop across the rest of the country, a United Nations report says. Afghanistan supplies 90 per cent of the world's opium - and production has risen in recent years in tandem with the US occupation.

Food Prices Will Rise, Causing Export Bans, Riots: Chart of Day Food prices will rise next year, prompting a revival of protectionism from food-growing nations and risking a renewed bout of rioting, according to Jochen Hitzfeld, an analyst at UniCredit SpA in Munich. "Agricultural commodities will outperform the broad commodity indices in 2009," Hitzfeld wrote in a research note this week. "If key crop-producing countries then impose export bans again and speculators drive up prices via physical stockpiling and futures contracts, new food unrest is even conceivable in the second half of 2009."

1 comment:

KittyBowTie1 said...

The attacks in Mumbai could destabilize things between India and Pakistan. Who benefits?

Not Pakistan.

Who is left?