financial speculators now account for 64% of oil contracts

previously financial speculators historically accounted for about 30 percent of oil contracts. This is a large part of why oil prices are rising.

Source: Robert Reich (Why Republicans Aren't Mentioning the Real Cause of Rising Prices at the Gas Pump)
added 2012-03-16T16:14:40Z by anders

Beijing Fashion Week

Chinese microbloggers use code to criticize party leaders.

“Beijing Fashion Week” is a thinly veiled, sarcastic commentary on the Communist Party’s annual summit

Source: Real-Name Registration Threatens the Lively World of China's Microblogs [Wired.com]
added 2012-03-16T09:50:17Z by anders