Hot off the Griddle: November 29
Good morning, and welcome back to the Griddle, a morning menu of fortified items for the busy person's media diet. Black Friday sales reached $11.4 billion last weekend, a 6.6 percent leap over last year. Perhaps the only shoppers more determined than holiday-gift buyers are the Chinese and Indian manufacturers, whose appetites are pushing raw material prices ever higher. Goldman Sachs expects commodities to return about 15 percent in the next 12 months. The last time there was a recession, prices slumped 43 percent.
And now the news:
Wal-Mart Joins Amazon to Promote Rage-Free Packaging (Bloomberg)
Will the Lights Stay on in Texas and New England? (NY Times)
Fukushima Daiichi Nuclear Power Plant Operator 'Ignored Tsunami Warning' (Guardian)
World on Track for 11-Degree Temperature Rise, Energy Expert Says (AP)
GM's Volt Fires May Knock 'Moon Shot' Off Target (Bloomberg)
Bayer CropScience Targets non-GMO Wheat Traits (Reuters)
Duke Energy Signs $6 Billion Credit Agreement (News & Record)
Democrats Need to Get Real About U.S. Energy Policy (LA Times op-ed)
Americans Have Never Met a Hydrocarbon They Didn't Like (New Yorker)
Floods Kill 10 in Durban as UN Talks Begin (All Africa)
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