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Just Because

I’m re-reading a two-volume biography of Elvis Presley by the famed rock & roll writer Peter Guralnick and in one part of the book Elvis’ father, Vernon, supposedly wanted Elvis to record “From a Jack to a King.”  I only knew the lead-in line and it started going round and round in my head, you know how that goes.

It’s a great bio, by the way.

Originally recorded by the author, Ned Miller.  I don’t believe Elvis ever did get around to recording it (correction – Elvis did indeed record it.).

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News at Noon

From Reuters

Chevron earnings triple

By Matt Daily and Braden Reddall

July 30, 2010

(Reuters) – Chevron Corp (CVX.N), the second-largest U.S. oil company, reported a three-fold jump in quarterly profit on rising oil output, higher energy prices and buoyant margins at its refineries, topping Wall Street forecasts.

The results follow the strong earnings reports from the world’s largest oil companies, including Exxon Mobil Corp (XOM.N) and Royal Dutch Shell Plc (RDSa.L) on Thursday.

Chevron’s second-quarter net income jumped to $5.4. billion, or $2.70 per share, from $1.75 billion, or 87 cents per share, a year before. Revenue rose to $53 billion.

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News at Noon

From Reuters

Exxon profit tops Wall Street

By Anna Driver

July 29, 2010

(Reuters) – Exxon Mobil Corp (XOM.N) reported a better-than-expected second-quarter profit on Thursday, as oil prices and margins to process crude into fuel rebounded from a year earlier and production rose.

Conditions in the refining sector have improved in recent months, with business and consumer demand for diesel and gasoline rebounding.

Crude oil prices have also climbed about 30 percent from a year ago, another factor that has contributed to higher profits in the second quarter for oil companies.

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News at Noon

From Reuters

Pakistan passenger plane crashes, 152 dead

By Kamran Haider

July 28, 2010

(Reuters) – A Pakistani passenger plane crashed in heavy rain near Islamabad on Wednesday, killing all 152 people on board, officials said, in the worst aviation accident in Pakistan.

Two Americans were among the victims, a U.S. embassy spokesman told Reuters. He had no further details.

“There are no survivors. We believe all are dead. We are recovering the remains of the dead bodies from the wreckage,” Imtiaz Elahi, chairman of the state-run Capital Development Authority, a city municipal body.

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News at Noon

From Reuters

Analysis: Wall Street loathing for Warren lifts regulator bid

By Maria Aspan and Kim Dixon

July 27, 2010

(Reuters) – Elizabeth Warren, clad in cardigans and pearls, has become Wall Street’s public enemy No. 1, but it’s that very vitriol that could earn her a post heading the government’s new consumer watchdog agency.

“I get disgusted every time I hear her speak. It’s like she’s sitting in some ivory tower, not understanding the ramifications of anything she says,” said Anton Schutz, president of Mendon Capital Advisors. “Any person you put in that role really ought to have some industry experience.”

Warren, a Harvard law professor and outspoken consumer rights advocate, is currently a top monitor of the government’s $700 billion bailout of the financial system.

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