Word: fuel
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...consumer discretionary sectors, which includes industries like retailing and travel, into other sectors like energy and industrials," says John Butters, director of U.S. earnings research for Thomson Reuters. Among the few companies that may buck the negative trend in analyst expectations are airlines, which may benefit from falling fuel costs...
...Detroit Carmakers Cry for Help Amid talk of a merger with Chrysler, General Motors is lobbying federal officials for sizable financial assistance. In addition to the $25 billion in government loans promised to the industry in an energy bill for production of fuel-efficient vehicles, GM's lending arm, GMAC, is exploring ways to access funds in the $700 billion federal-bailout package, while the company reportedly is also seeking cash injections to cover potential merger costs. GM and Chrysler employ more than 200,000 U.S. workers and support many more jobs in the auto-parts and sales industries...
...become dependent on foreign suppliers —many of whom are hostile and volatile regimes—for 75 percent of its oil needs. Obama’s policy proposals correctly target the transportation sector, which accounts for 70 percent of American oil consumption. By mandating a flex-fuel standard for all automobiles, expanding hybrid-car tax credit, and significantly increasing the Corporate Average Fuel Economy (CAFE) standards, Obama’s plan has the potential to significantly decrease the importation of petroleum in the short term...
...clear that such truth-telling is not what the American people want to hear, nor does such directness help the candidate during an election campaign. In August, in the midst of the oil-price surge, Obama tried to suggest to Americans that maintaining inflated tires could conserve fuel. The suggestion, backed by experts, was mocked by the McCain campaign. Clearly Obama learned the lesson of Walter Mondale's attempt to tell the truth in 1984 about the need to raise taxes. Steve Charing, CLARKSVILLE...
...Landsbanki had over 300,000 British depositors through its Icebank subsidiary, Prime Minister Gordon Brown’s government used anti-terrorist legislation to freeze Icelandic assets in the UK, including property of the Icelandic Central Bank. Just a few days later, Chancellor of the Exchequer Alistair Darling added fuel to the fire when he said on BBC Radio that the Icelandic Finance minister had told him that the Icelandic government did not plan to honor British deposits after nationalization, an allegation later found to be utterly false from the conversation transcripts. Amidst these incredible circumstances, the Icelandic government chose...