Word: crb
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...also reflected in commodity markets, which sold off broadly on June 15. China is believed to be stockpiling a range of raw materials, notably copper, which has driven prices dramatically higher in recent months. But ubiquitous weakness in global demand is now taking a toll. The Reuters-Jeffries CRB commodity index fell 2.25% during the day. Gold prices dipped slightly, down $11 per ounce, but stocks of precious-metals companies were hammered, declining more than 7% on average...
...good-news feel as it helps cash-strapped American consumers the most - but the cost of an entire range of commodities has also plunged in the past quarter: copper, gold, nickel and steel have all fallen as global demand has weakened. One popular gauge of commodity prices, the Reuters CRB Index, tumbled 22.3% in October, the biggest drop in the index's 48-year history. (See pictures of the global financial crisis...
...Inslee, a Washington Democrat, has introduced a bill that would effectively overturn the CRB royalty rate increase. House Small Business Committee Chair Nydia Velaquez, a New York Democrat, however, maintained that the answer to this dilemma should not be found in Congress and that the parties should try to reach a compromise. SoundExchange, for its part, says that it has offered small webcasters (those with revenues of under $1.2 million) a subsidy that would extend the current, revenue-based agreement until 2010. Yet webcasters, still hoping for a more beneficial outcome, have also petitioned the DC Circuit Court of Appeals...
Station Vice President Danit Lewin '99 agrees. "We don't want to be a CRB [102.5 FM] or a Kiss 108," Lewin says. "There's just too many of them...
...CRB recently voted unanimously that the council should adopt the ordinance...