photo by tanakawho
Quote for the day:
Nothing in this world is harder than speaking the truth, nothing easier than flattery.
- Fyodor Dostoevsky, Crime and Punishment
In the news:
Bears Stearns fell 13% in trading on speculation the company lacks sufficient access to capital.
Oil prices surged to $107.44, a new inflation-adjusted record and their fifth new high in the last six sessions. Gasoline prices are within half a cent of their record high of $3.227 a gallon. "That record will likely be left in the dust soon as gas prices accelerate toward levels that could approach $4 a gallon, though most analysts believe prices will peak below that psychologically significant mark."
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