Thursday, July 31, 2008

Exxon Mobil 2Q profit sets US record, shares fall.

Let me get this right. McCain's answer to the USA Energy Crisis and failing economy is to increase the production of the most expensive and extensive energy source in the world.

Oil pervades every aspect of investment globally, including food sources. To that reality, McCain wants to increase oil production so this 'fininte' source of fuel will continue to cause problems with economies at every level.

I

DON'T

THINK

SO !!!!

Exxon Mobil 2Q profit sets US record, shares fall
By JOHN PORRETTO – 1 hour ago
HOUSTON (AP) — Exxon Mobil Corp. reported second-quarter earnings of $11.68 billion Thursday, the biggest quarterly profit ever by any U.S. corporation, but the results were well short of Wall Street expectations and its shares fell.
The world's largest publicly traded oil company said net income for the April-June period came to $2.22 a share, up from $10.26 billion, or $1.83 a share, a year ago.
Revenue rose 40 percent to $138.1 billion from $98.4 billion in the year-earlier quarter.
Excluding an after-tax charge of $290 million related to an Exxon Valdez court settlement, earnings amounted to $11.97 billion, or $2.27 per share.
Analysts on average expected Exxon Mobil to earn $2.52 a share on revenue of $144 billion, according to a survey by Thomson Financial. The estimates typically exclude one-time items.
The record-setting results were largely expected, given that crude prices in the second quarter were nearly double what they were a year ago. Natural gas prices were significantly higher too....


The oceans are warming and with the loss of the Arctic Ocean ice expected in September, it is obvious our fisheries are a worry.

As food prices rocket, relief from the depths (click here)
Lobster costs fall, but demand still weakAs food prices rocket, relief from the depths
Boston GlobeConsumers, squeezed by rising prices on everything from milk to eggs to bread, are finding a rare - and surprising - bargain at the fish counter: The price of lobster is going down.
Lobster prices have declined, but demand has not increased, which has hurt lobstermen and such firms as James Hook in Boston, where Mario Hernandez checked stock.
(David L. Ryan/Globe staff)
By Devra First
Globe Staff / July 30, 2008
Consumers, squeezed by rising prices on everything from milk to eggs to bread, are finding a rare - and surprising - bargain at the fish counter: The price of lobster is going down.
Last year at this time, Boston-area lobstermen were getting $5 to $5.25 per pound, according to the Massachusetts Lobstermen's Association. This year they're getting only $4.50 a pound. That's translating to lower retail prices.
At Yankee Lobster and James Hook & Co., both located in Boston, the price for soft-shell lobsters - those that have recently molted and have less meat - is currently $6.99 a pound, down from last year's price of $7.99. Soft-shell lobsters represent the bulk of the local catch right now.
The harvest has been plentiful, yet demand has declined, say those in the industry. Consumers view lobster as a splurge, and with money tight, it's not a priority on the shopping list....


Rising school costs mean fewer bus routes, higher food prices (click here)
Districts will enforce 2-mile walking radius, make changes in cafeterias

BY KIMBERLINA ROCHA AND VICTOR GARCIA krocha@visalia.gannett.com and vdgarcia@visalia.gannett.com
July 30, 2008
Tulare County students will walk more and spend more this year as a result of cost-saving measures at area school districts.
Going down: The number of bus stops. Going up: The price of food.
Tulare Joint Union High School District estimates it will save $37,843 by eliminating 15 bus stops and enforcing its 2-mile walk radius. Students who live within 2 miles of a school site must walk to a "cluster" bus stop or directly to school.
Other transportation-related measures will have less of an effect on students' routines, officials say....
Posted by Picasa
A soldier stands next to the body of a suicide bomber in Peshawar December 4, 2007. A woman suicide bomber blew herself up near a military checkpost in the northwestern Pakistani city of Peshawar on Tuesday, but caused no casualties among the troops, police said.
REUTERS/Ali Imam (PAKISTAN)
Female suicide bomber killed in Pakistan blast: police
Tue Dec 4, 5:01 AM ET
PESHAWAR, Pakistan (AFP) - A burka clad female suicide bomber blew herself up at a checkpost in northwest Pakistan Tuesday, in the country's first such attack involving a woman, police said. There were no other casualties in the blast in the northwestern Pakistani city of Peshawar, which is near the tribal belt bordering Afghanistan where troops are battling Islamic militants, they said.
It happened in a high-security zone where intelligence services buildings and also a Christian convent school are located, provincial police chief Mohammad Sharif told AFP.
"This is the first suicide attack carried out by a woman in Pakistan. She was the single casualty," Sharif said.
Other officials also confirmed that the bomber was female."
The suicide bomber was a woman," senior police official Kadir Khan told AFP."
She came to the army checkpost, she was stopped but she blew herself up. No soldiers were injured in the blast.
"Military personnel and police cordoned off the area, an AFP reporter at the scene said. Shreds of a blue burka, a foot and pieces of flesh were lying on the road.
A security official at the scene said that the woman was thought to be an Afghan refugee aged about 40.
"She blew herself up. Nobody was injured or died," the official said.
Police earlier said the bombing was outside St Mary's convent school, one of Peshawar's top schools, and that it had killed one person.
There was no immediate claim of responsibility.
President Pervez Musharraf imposed a state of emergency in Pakistan on November 3, citing the need to curb a wave of Islamic militant violence in the northwest of the country.
Pakistani officials have previously said that militancy is thriving in giant refugee camps in the northwest and southwest where more than two million displaced Afghans are registered

"The Surge" failed on all counts. With men depleted in

We have witnessed female suicide bombers before. In Palestine and with the attack in Amman, Jordan (click here), the 'desperation' that leads women to mass killings is more than alarming.

In Palestine, women were the 'last straw' before the issue of peace became a serious one pursued by Palestine and Israel.

The Amman bomber was unsuccessful, but, she fully bought into the idea that her religious obligation, along with her husband would be fulfilled in such a violent act.

It is my guess that women in Iraq that are becoming suicide bombers are doing so because of the profound loss they are experiencing in this hideous war. We need to leave Iraq and allow the people in that country a 'respite' from occupation so they can find their own sense of 'civil peace.'



Violence In Iraq Takes On New Face
Number Of Suicide Bomb Attacks Carried Out By Women Has More Than Tripled Since Last Year

(CBS) In Iraq's volatile mix of race, religion and tribal rivalry, police say there's a common denominator in the continuing violence - gender.
According to the U.S. military in Iraq, women have carried the bombs in at least 27 attacks so far this year - more than triple the number of female suicide bombers in all of 2007, reports CBS News correspondent Richard Roth.
A joint assessment by the FBI and the Department of Homeland Security obtained by CBS News says the statistics reflect a growing combat role for females, aided by the fact that bombs are easy to hide under traditional women's clothing.
"It's much more difficult to inspect a female Muslim woman than it is a male Muslim because of religious sensitivities," said Steven Emerson, of the Investigative Project on Terrorism....




The Faces of Female Suicide Bombers (click here)
10/07/2007
By Fatima el Issawi
London, Asharq Al-Awsat- It no longer comes as a shock when one hears that a woman has carried out a suicide bomb attack. Lately, the media has made frequent reports of suicide operations, both successful and failed, that were carried out by women. Today, females are rivaling men in a field that was once regarded by Jihadi literature and fiqh to be strictly a man's job.
But who were the first women to actually sacrifice themselves for the sake of a cause? What do we know about the psychological motives and the political and social backgrounds surrounding these women and which are responsible for transforming them into ferocious female ‘jihadists’?
A look at the information available through the press reveals little about these women, however it is useful in defining an outline that may answer some questions. These limited sources reveal that female suicide bombers can be split into two groups, generally speaking, in terms of social profiles and motives behind their involvement.
In the first group women, venture into ‘martyrdom’ driven by a dedication to the cause, or as a means of expressing their resentment of the gross injustice for which there remains no other resort except sacrificing their own lives. Moreover, these women are encouraged by the fact that their brothers or relatives have been killed in circumstances related to this unjust reality and as such, that loss becomes the decisive factor in undertaking a suicide operation....