Submitted by Businomics Blog
I try to keep this blog focused on national and global discussions, but I know many readers are my friends here in Oregon who will benefit from a new web site: Oregon Biz Report.  They will be republishing some of my blog posts, but they have lots of other good news, too.
Visit […]

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Submitted by CARPE DIEM
July 1 (Bloomberg) — Repsol, Spain’s largest oil company, is using chips that IBM designed for video-game consoles to find oil in deep water as much as six times faster.
Supercomputers outfitted with IBM’s PowerXCell 8i chips are helping analyze undersea rock formations in the search for untapped reserves, Madrid-based Repsol said. […]

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Submitted by CARPE DIEM
Energy: What do the Democratic-led Congress and OPEC have in common? Both sit on vast amounts of oil, and are content to leave it in the ground and let prices soar. Fortunately, Americans are catching on.

If you’d like more energy to fuel our economy and lower prices, we have a suggestion: Call […]

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Submitted by The Capital Spectator
The stimulus checks may be propping up consumer spending, at least temporarily, but the job market is still weakening.
Initial jobless claims jumped to 404,000 mark last week, up from 388,000 the week previous the Labor Department reports. That’s only the second time the 400,000 mark has been passed on the upside […]

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Submitted by CARPE DIEM
Wealth. The mainstream media played this up recently, but only because it fell by nearly $2 trillion in the first quarter. Stand back and a different picture is revealed. Americans’ net worth — what they owned less what they owed — was $55.97 trillion. That’s down from the peak of $58.196 trillion […]

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