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"Luck is not chance, it’s toil; fortune’s expensive smile is earned.”

Friday, April 13, 2007

Friday News You Can Use

Canadian Natural Gas Prices May Advance as Cold Weather Persists in U.S. Natural gas at Canada's biggest trading point may rise on expectations that a spell of colder- than-normal weather will persist in the U.S., increasing demand for the heating fuel.

Berezovsky, Exiled Billionaire, Plans Russia Revolution to Overthrow Putin "I am calling for revolution and revolution is always violent,'' Berezovsky said in a telephone interview from London. Berezovsky's plans were reported earlier today in an interview with the U.K.'s Guardian newspaper

China's Proven Iron Ore Reserves 59 Billion Tons, Resources Ministry Says China, the world's biggest consumer of metals, has proven iron ore reserves of 59 billion metric tons, the Ministry of Land and Resources said in a statement.

Rio Tinto Says China's Demand for Metals, Minerals `Strong' and `Growing' Rio Tinto Group, the world's third- largest mining company, said China's ``strong'' and ``growing'' demand for metals and minerals will continue this year, keeping commodities prices above historical levels.

Heebner Says Home Prices May Fall 20% Amid Bad Loans Subprime loans, made to borrowers with a history of missed payments or untested credit, and ``Alt-A'' loans, which require little or no documentation, account for about $2.5 trillion of the $10 trillion in outstanding mortgages, according to Moody's As much as 40 percent of these loans may default, flooding the real estate market, Heebner said.
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