Tuesday, August 30, 2005

Hurricane Katrina

So, is this taking your mind off the Iraq invasion and the plans to bomb Iran?

President George W. Bush will return to Washington on Wednesday, two days ahead of schedule, to help oversee recovery efforts from Hurricane Katrina, the White House announced.

  Reuters article

Does that make him a better president?
Hurricane Katrina, which killed dozens and left a million without power, sent stocks sliding in New York trading Monday, with oil prices over $70/barrel.

[...]

The WALL STREET JOURNAL REPORTS: "The sight of oil topping $70 alarmed analysts and sparked worries that prices could keep going higher. Analysts projected a possible slow creep: "We could see oil hovering around $75, and then we could get to $80 and $85 and then $100 a barrel is right around the corner," said Robert Pavlik, chief investment officer at Oaktree Asset Management.

  Raw Story article

One man´s pain is another man´s pleasure...

And hey...thank heavens New Orleans is still with us.

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