| Chamber’s decision to nix ag committee stirs tension
Continued fallout from the elimination of the Bowling Green Area Chamber of Commerce's agri-business committee is expected to be discussed today at a closed-door meeting.The chamber will address restructuring its committees at its regular board meeting today, as some members have asked for refunds and tensions have arisen in response to the potential elimination of the committee.With traditional farm commodities - corn, soybeans, hay, livestock, dairy and others - generating more than $72 million in yearly sales from Warren County farmers, many in the agriculture community are questioning why the chamber sent a memo dated Nov. 28 that said the agri-business committee would "no longer be under the umbrellas of the committee of the Bowling Green Area Chamber of Commerce.""The Chamber Board of Directors realizes the economic impact of agri-business in our region, yet as an organization has found it challenging to provide the resources and partnership support to adequately carry this message due to agri-business representing less than two percent of the Chamber partnership," according to the memo, obtained by the Daily News.After seeing that memo, Hartland Equipment owner Sam Lawson said he made a hard decision to cancel his chamber membership."I asked them for my check back," Lawson said.
JAMIE SAMUELSEN'S BLOG: The Lions shouldn't be interested in Al Wilson
Im not all that interested in a player that missed an entire season with a neck injury. Its not that Wilson cant come back. Maybe he can. Maybe he can be one hundred percent by training camp. But where the Lions are now, Im not willing to take the chance.
Doesnt it seem like its always a bunch of question marks? Why cant we ever get an exclamation point? A dominant pass-rusher or a stud offensive lineman. Instead its always a guy coming off injury or a guy playing out of position or a guy who has always been a back-up finally getting his starting shot in Detroit.
How many absolute known commodities are there on this team right now? Five or six? And maybe thats being generous. Why then would you want to spend money on another unknown commodity just to add to the mix? The Lions will have to take some chances to get this thing headed in the right direction, but this isnt one of them.
Cop Search for Jersey Man Who Disappeared in Colorado Blizzard After ...
Colorado police are searching for a 23-year-old New Jersey man who vanished during a blizzard after downing at least 20 drinks at a bar in Breckenridge, a small ski resort town. Alphonse Michael Barbiere, a Wall Street commodities trader, stumbled out of the bar at 1:30 a.m. Friday with a friend, according to The Denver Post. When the friend lit a cigarette, Barbiere started walking down the street — in the opposite direction of the condo his family and friends were renting, the newspaper reported. "He didn't say anything to anybody about where he was going," Breckenridge Assistant Police Chief Greg Morrison told the newspaper. Police want to question three unidentified friends who were snapped in photos with Barbiere several hours before he disappeared, The Denver Post reported.
CME bid spurs fears of merger monster
THE commodities boom is intensifying the merger mania among the world's financial exchanges. But the $US11 billion ($12.4 billion) bid by CME Group to acquire Nymex Holdings may fuel worries that consolidation is leaving the survivors with too much power. A purchase of the 135-year-old New York Mercantile Exchange's owner by CME, parent of the Chicago Mercantile Exchange, would create the largest exchange in the world, with a stock market value of about $US45 billion. And acquiring Nymex's crude oil futures, one of the largest commodity contracts in the world, would fill the last major hole in the 110-year-old Chicago exchange's product line-up, while squeezing remaining rivals in the energy market. The deal also highlights some unsettling consequences of the global scramble for alliances and market share in trading financial securities.
Import difficulties outweigh recession fears
Commodities took off on Monday after their weak performance on Friday. In the oil market the uncertain prospects of economic growth in the US had been pushed to the background for a time, and focus was on import problems in Texas and Louisiana. All passage of tankers to the country's most important oil terminal was halted because of dense fog. The difficulties helped to send oil as high as USD 90.83, and oil closed the day up by 1.2%. Subsequently it was possible for a few tankers to move in, which put pressure on oil. This morning, however, all activity is again reported to be at a standstill. Copper and aluminium both gained almost half a percentage on a day when the Asian coal prices hit a new record. The tight coal market has caused suspension of an appreciable portion of the production of base metals in both China and South Africa.
Emissions Trading Commodifies Carbon, But Does It Really Help Solve ...
Proponents of carbon trading see markets as the best mechanism for reducing emissions, while critics characterize carbon trading as a devil's bargain that steers profits to polluters. SocialFunds.com -- You cant solve problems just by throwing money at them, the old saying goes. Capitalists, who think markets are the solution to everything, reverse this equation by turning problems from money-pits into money-makers. Essentially, they seek to harness the profit motive to cure societys woes by transforming problems into commodities. This is precisely the strategy behind the emerging carbon trading markets.
While most markets facilitate product accumulation, these markets encourage problem elimination. For example, by trading carbon emission rights that are capped and subsequently ratcheted down, the rights become more scarce and hence more valuable.
Aluminium gains, agris spike, crude witnesses profit-taking
MUMBAI: The commodity markets were volatile last week as the surprise Fed move on interest rates caused short-term turbulence. The immediate reaction was a short-term upmove on select base metals as the industrial outlook (at least as a perception) improved and shorts were squeezed. The bullion outlook, too, improved as hedge fund activity was seen driving prices higher. Select agri-commodities spiked higher and the outlook was slightly more upbeat compared with the previous week. MCX volumes fell 2% and open interest tripped by a similar amount on a week-on-week basis. Turnover gainers were copper, mentha oil, potato, zinc and aluminium. Open interest gainers were natural gas, zinc, refined soya oil and chana. Agri-commodities
Chana has established Rs 2,100 level as a critical support and as long as this threshold is not violated downwards, the outlook remains optimistic.
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