Tag: 60 Minutes

Much as been said and written about “Creative Destruction” lately — including this good Ad by Russ Feingold, which focuses on the fallout of this Economic policy stance, held by his GOP-Tea Party opponent Ron Johnson:

http://www.youtube.com/watch?v…

Well, in a free-market capitalist system, there are always winners and losers. It’s creative destruction. That just happens. It’s unfortunate. But let’s face it, if it weren’t for that we’d still have buggy whip companies.

— Senate candidate Ron Johnson (R-Wisc.)

“Winners and Losers”, Nice.  

I suppose with his CEO background Mr Johnson feels qualified to pick them?

Crude Oil Futures: Crude Oil Tops $100 for 2018 on Threat From BP Spill

Energy Markets

Margot Habiby, Bloomberg – May 5, 2010

Crude oil futures for delivery in 2018 surged above $100 a barrel this week as the BP oil spill in the Gulf of Mexico led the government to consider a halt in future drilling.

The crude oil futures contract dated furthest into the future jumped after President Barack Obama said no new offshore drilling leases should be issued until a “thorough review” of the April 20 rig explosion. […]

Crude oil futures for delivery in December 2018 rose to $100.38 a barrel May 3 on the New York Mercantile Exchange, the highest settlement since Jan. 20. […]

“You may not pay today, but we will pay tomorrow,” Phil Flynn, vice president of research at PFGBest in Chicago, said in a report.

[…]

“That $100 oil equates to pretty close to $4 a gallon gasoline” in the U.S., said Bruce Bullock, director of the Maguire Energy Institute at Southern Methodist University in Dallas. “We know when it hit $3 a gallon two years ago drivers started to get concerned, and at $4 a gallon demand evaporated.”

If you were glued to the reports on the Health Care debate and vote last night and didn’t switch over to 60min you might want to listen to Andy.

He hits a number of true buttons in this short take, especially as one looks at the job openings, most are for paper pushers, and not a whole hell of alot of those, not for those who actually do the work that keeps those pushing papers or working in their cubes on their computers!

Reservists Face Rocky Return In Job Market

60 Minutes Report Also Examines Costs Borne By Employers Of Deployed Citizen Soldiers

Lesley Stahl could only talk to some of the thousands of reservists and guardsmen who have returned from active duty to find problems with their employers over their jobs.

The rest can call the assistant secretary of defense directly to complain after he broadcasts his phone number during her 60 Minutes report this Sunday, Nov. 2, at 7 p.m. ET/PT.

Last night Barack and Joe spoke, and even though a short interview they covered alot of ground.

In their first interview together as running mates, Sen. Barack Obama and Sen. Joseph Biden discuss their roles and strategies for the upcoming presidential election. Steve Kroft reports.