Protests on fuel price hikes spreads from Europe to Asia – riots imminent in many countries
Neal Henderson
May 28, 2008

In France, common people are protesting in the streets. The fishermen continue to block ports and oil depots, while their counterparts in Spain and Italy signaled they would join the protest.

Hundreds of truck drivers converged on London Tuesday, jamming a major road and forcing police to divert motorists. Protests are happening Portugal, Germany, Eastern Europe, South Eastern Asia and in Africa.

Gasoline price tops $10 in Europe. It has rises more than 100% in the last eighteen months devastating the lives of world’s middle class.

In India the communists are staging country wide protests trying to halt Government’s decision to move gasoline to free market economy.

Indian and Chinese Government are about to give subsidizing crude oil derivatives used in transpiration.

The world can plunge into energy riots similar to food riots. Governments across the globe are under deep pressure to cut the taxes that make up much of the price of fuel. That will induce severe budget deficits across the globe and create recession.

Protests on fuel price hikes spreads from Europe to Asia – riots imminent in many countries
Neal Henderson
The world can plunge into energy riots similar to food riots. Governments across the globe are under deep pressure to cut the taxes that make up much of the price of fuel.
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The Swiss bank UBS tries to hide its cross-border private bankers that helped US billionaire client evade taxes
Deolinda Francisco
The US Federal authorities especially the Department of Justice and the Securities and Exchange Commission have expanded their investigation of UBS’s practices.
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Crude oil may have topped out long term as US consumers take start real conservation and India plans to stop petroleum subsidy
Tania Saleem
US consumers arte cutting back. People have stopped making unnecessary trips. The trend change in habit always precedes the long-term bear market.
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US house prices plunged by a record amount in the first three months but the smart money is overlooking the past data
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The 20-year history of the index never saw such a devastating plunge. But in the middle of all gloom and domm the lumber futures rallied back after a sharp fall in initial trading.
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First sign of life in US Home sales – depressed prices triggering buying stampede
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Housing starts across the whole country are surprisingly up. The lumber futures pointing to possible buying interests among new home buyers. The economic trends are down but surprisingly not collapsing in spite of all odds.
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The worst mistake by Walmart – SAP will be devastating replacing its homegrown IT version
Susan Hicks
It is the tale of non-tech companies failing to understand the effect of mismanaged and undocumented IT development gown in-house. Even worse mistake is to try and replace the same with enterprise system software like SAP.
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Sharply worsening housing recession and rising energy costs ready to rattle the equity market but here is the silver lining
Peter Oberois
When you put all together, you start seeing the picture clearly. The markets have started their upward journey although most of the actions are stealthy.
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