Friday, June 27, 2008

A Bad Week Indeed, For Some, Not All

Levees failed. Crops flooded. Corn prices are soaring. Everything made with corn is going to get more expensive (in case you aren't aware how much corn is used in everything from soft drinks to snacks to foods and cosmetics, search it on Google). Oil is hitting over $140/barrel. Gas at the pump fell a bit, but is said to be going back up. Fires burn out of control in California, Arizona and North Carolina. The dollar continues to fall. The DJI fell over 400 points in two days. The Taliban is regrouping. Airlines are cutting back. Automotive makers are pinching costs to stay afloat. Local utilities are raising rates.

And yet: Microsoft, Dell and HP posted significant revenue gains.

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