| Radio & TV Talk
Kincade, in fact, is not even talking about the NHL All Star game at all as punishment. (The Fan is airing the play by play of the game itself Sunday.) I have data from the spring of 2007 breaking down the racial audience of each station. The Zone had 48.1 percent black listeners, not quite a majority. The Fan had 15.9 percent in the spring. (David Dickey, who runs the Fan, said the fall 2007 Arbitron numbers indicated a 50% black listening audience for the Zone and 33 percent for the Fan. He noted that the Fan among all radio stations has a listenership most reflective of the racial makeup of the metro area.) The Zone's African American audience has flocked to the 2 Live Stews, the most successful black sports talk duo in the country. (Dickey said about 73 percent of the Stews audience was black in the fall vs.
Reflation Contemplation
High interest rates in the US, and lower rates at home, meant that the dollars invested by Beijing in the US earned the central bank more than it was paying out in local currency bills. But the monetary policy cycles have now abruptly reversed. Rates are falling in the US but rising in China, where the government is tightening credit to fight inflation and cool some sectors of the economy. As a result, China's central bank will be paying about 250 bps more on the bills it issues at home than it gets on US Treasuries... Simple mathematics suggests that Beijing is losing billions of dollars as a result, an amount amplified if the impact of China's appreciating currency is taken into account." January 31 - Bloomberg (Gavin Finch): "The Swiss franc rose to a record high against the dollar as widening financial sector losses and a decline in stocks prompted investors to sell higher-yielding assets...
Oil Climbs Toward $91, Fog Slows US Imports
Oil rebounded sharply toward $91 a barrel on Monday as dense sea fog slowed crude imports into the Houston Ship Channel, the waterway to the busiest U.S. petrochemical port. The gains reversed heavy losses last week that were triggered by fresh signs of economic weakness in the United States, the world's biggest energy consumer. U.S. crude climbed $1.70 to $90.66 a barrel by 1747 GMT, after tumbling more than 3 percent on Friday. London Brent crude was up $1.49 cents at $90.93. Fifty-nine ships were waiting on Monday morning for dense fog to clear on the Houston Ship Channel, according to the U.S. Coast Guard. [ID:nN04560126] "We held the key support above $88 and then fog closed the Houston Ship Channel," said Phil Flynn, analyst at Alaron Trading in Chicago.
£20m splashed out in cricket auction
Strange, too, that a cricketer who only a month ago was a hate figure in India after alleging that he had been racially abused should be offered more than £100,000 a week to play in Hyderabad. Full story... Source: Timesonline.co.uk .
Behave Or Else
Whole departments bond through group salad days. All of them work for King County — and all of them are doing what they do as part of an ambitious "wellness" experiment that ties what they pay for health benefits to the effort they make to be healthy. The approach represents a novel and relatively benevolent ripple in what has become a sea change in how employers are addressing health benefits. The reason? You might say the health-care system is morbidly obese. Businesses are facing not only a more competitive global market and soaring shareholder expectations but also the inefficiencies and excesses of a voracious medical system. Workers are expensive. And unhealthy workers are the most expensive of all. In any given year, 10 percent of them account for 70 percent of the health-care costs.
Venezuela Threatens to Cut US Oil
The U.S. buys 65% of his countries high sulfer crude. The U.S. also supplies over 1/3 of the food consumed in Venezuela as well as the great majority of consumer goods (Cars, refrigerators, electronics, ect). As much as he might rail against the U.S., he knows that his country depends on 4/5 of its revenues from Oil sales, and must import food to feed his citizens. Hopefully it can be resolved without all the theatrics on both sides. .
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